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IRVING, TX-The Atlanta-based Internet marketplace will relocate in January to 122 W. Carpenter Freeway from 1425 Greenway in a move that triples the tenant's office space and boosts the class A building's occupancy to 88%.
DENVER-Even with a vacancy rate rise to 7.2%, the warehouse/distribution market here is faring better than the rest of the US, notes Cushman & Wakefield industrial broker Steve Hager, buoyed by consumer spending.
MIAMI-The Cushman & Wakefield year-end office overview also showed leasing activity was up slightly in the county, and investors purchased office properties there amid a slowdown in the stock market.
HOUSTON-International Holdings acquires the northeast Houston acreage for a build-to-suit for its Houston affiliate, United Crane. Ten acres of the 27-acre buy along McCarty Road will be dedicated to the project.
BOSTON-CB Richard Ellis purchases 101 Arch St., a 407,000-sf, 21-story building located in the heart of the city's financial district. The property is part of a portfolio the company acquired from Metropolitan Life Insurance Co.
ORLANDO-Bayview Financial paid Boston-based John Hancock Life Insurance Co. $65.83 per sf for the 88%-leased shopping center 60 miles southeast of Downtown Orlando.
BRAZORIA COUNTY, TX-Two more closings take place for tracts in the 22,216-acre Chocolate Bay, a commercial farm for rice production. The investment groups intend to continue rice production, for now. To date, the brokers have sold 12,836 acres.
BETHESDA, MD-The Shops at Sumner Place--a 195,000-sf office and retail property once known as Little Falls Mall--has secured a $30-million permanent financing package with the assistance of real estate services company Cushman & Wakefield. MetLife issued the loan.
MIAMI-UBS Realty Investors LLC sold the 11-story office building, with 124,931 rentable sf, for approximately $136.08 per sf to Brookwood Financial Partners LP. The class B property is 91% occupied.