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PHILADELPHIA-Delaware-based Morgan Properties and Pen-Del Real Estate teamed up to buy the industrial park near Philadelphia International Airport for about $11 per sf. The 1.8-million-sf manufacturing, warehouse and office complex is 70% leased and has room for further development.
COPPELL, TX-Champion Partners triggers a bidding war with at least five hopeful buyers for Tradepoint Business Park. Hillwood wins the deed, which includes 70 acres of undeveloped land in one of the region's hottest industrial submarkets.
ATLANTA-The Stuttgart, Germany-based automaker is expanding its five-year lease to 2010 and will occupy the ninth and 10th floors of Two Lakeside Commons, the 513,057-sf, two-building office complex at Hammond Drive and GA 400.
BEDFORD PARK, IL-A 128,685-sf manufacturing building at 6700 S. Old Harlem Ave. is sold by Denver-based industrial giant ProLogis Trust to wood-molding distributor Rayner & Rinn-Scott for $3.47 million.
ATLANTA-The brokerage's new vice chairmen joined the Atlanta office from Cushman & Wakefield Inc. in 1987 when Insignia/ESG expanded its Southeast operations.
CRANBURY, NJ-The home furnishings and housewares retailer will operate a major distribution center and retail outlet in the Rockefeller Group's foreign-trade zone in the Exit 8A submarket.
DALLAS-Dallas brokers showed up by the hundreds for the first meeting of the year to network and hear a high-profile quartet of deal makers talk about the positives and the negatives of the past, the present and the future.
LONDON-Distribution ptroperty specialist proLogis has by Rugby Council to build a new 446,000-sf distribution warehouse for publishing group Pearson at Central Park, Rugby, Warwickshire.
LONDON-Distribution property specialist ProLogis has been given detailed planning permission by Rugby Council to build a new 446,000-sf distribution warehouse for publishing group Pearson at Central Park, Rugby, Warwickshire.