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LONDON-Haslemere has continued its disposals programme with the sale of two retail investments in Bangor, Northern Ireland and Chelmsford, Essex, raising a total of pounds 110 million ($170 million).
HANOVER PARK, IL-The conglomerate agrees to pick up the remaining 13 years on space in the Turnberry Lakes industrial park vacated by electronics retailer Circuit City in a deal in the neighborhood of $11 million.
BOCA RATON, FL-As one of the last vacant industrial parcels here, the land sold for $875,000, or approximately $10 per sf. National builder/investor Eire WRC LLC purchased the land from Tyco International Ltd.
HOUSTON-The work will start in 30 days on the 202,294-sf Westchase Bank Building. PM Realty, which held onto its four-year contract for the property, will oversee construction on the 21-year-old office building.
MARLBOROUGH, MA-Hall Gillespie signs two high-tech tenants for Addition Hill Corporate Center, the 500,000-sf, 106-acre campus the company bought from Lucent Technologies five months ago. Cemprus and Integrated Quality Services are taking 26,364 sf and 7,944 sf of space, respectively.
BRYAN, TX-A Dallas-based investment group buys the one-year-old Signature Park in Bryan-College Station or better known as home to Texas A&M University. The property was sold in four months following heated bidding for the 94%-occupied premier asset.
BOSTON-John Hancock Financial Services puts its three-building complex in the Back Bay, which includes its 62-story tower, on the market. The company says it plans to lease back much of the space it currently occupies in a long-term deal.
FLORHAM PARK, NJ-The New York-based arm of the global investment group will announce later today that it has acquired three office buildings at 180 Park Ave. here from The Rockefeller Group for a price in excess of $110M. The 606,622-sf purchase was made in conjunction with Lincoln Equities Group, which will act as leasing agent and property manager for the assets.
MARLBOROUGH, MA-A local industry expert tells GlobeSt.com that Berwind Property Group is buying the 530,000-sf former 3Com campus for between $50 and $65 million. The software company managed to lease up much of the site making the property more appealing to investors.
BOSTON-In a move that will allow it to consolidate its office and warehouse space, EGL Inc. leases 60,638 sf at 88 Black Falcon Ave., located at the International Cargo Port on the city's waterfront.