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LONDON-Standard Life Investments Funds has paid Hermes pounds 18.67 million ($31 million) for a mixed use retail and office investment at St Ann's House, Manchester The purchase price reflects an initial yield of 6.58%.
NEW YORK CITY-Former Cushman brokers John Wheeler, Frank Cento and Christopher Krantz will run Jones Lang LaSalle's new Downtown operations out of 2 World Financial Center, in office space subleased from Merrill Lynch.
SAN FRANCISCO-American Re-Insurance recently inked a 10-and-a-half-year deal to lease the entire 29th floor of One Front St., a 36-story office tower in downtown San Francisco.
MARLBOROUGH, MA-EXACT Sciences Corp. leases 55,740 sf at The Campus at Marlborough, the 531,000-sf complex that was sold to the Berwind Property Group by 3Com this past November. This deal brings the occupancy of the site up to 48%.
CITY OF COMMERCE, CA-Pacifica Real Estate Group acquires the 195,000-sf Commerce Plaza from Hartford, CT-based Cornerstone Real Estate Advisers, the real estate investment arm of Massachusetts Mutual Life.
LONDON-Henderson Global Investors has announced the final closing of its Investors Retail Warehouse Fund. The fund value now stands at pounds 550 million ($900 million.
BURBANK, CA-The San Antonio-based radio and TV station owner signs a 12-year, nine-month lease that industry sources say is valued at more than $45 million. The office space will be used for the consolidation of eight of its radio stations in the LA area.
STAMFORD, CT-Ending an office search that lasted more than two years, international global information solutions firm Thomson Corp. will significantly expand its corporate presence here with its signed leases at Metro Center and First Stamford Place totaling more than 130,000 sf of office space.