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PHOENIX-The Southwest Service Administrators will move into 10,584 sf to fill about one-fourth of an office emptied in June. The inbound tenant gets the keys Dec. 1 for Northwest Business Center IV.
DENVER-Developers Peter Culshaw and David Friedman are happy to get $13.5 million from the Rreef Fund for the 86,000-sf Third Maroon Circle office building in Douglas County they developed less than two years ago.
HOUSTON-Cargo Crating goes from an owner-occupied building to a leased site next door at 3010 Greens Rd. In the address change, the industrial firm puts an 18,000-sf building up for sale.
LONDON-Dexia Bank Belgium has sold five office buildings totalling 700,000 sf in central Brussels to the Belgian property fund Cofinimmo for $205 million, reflecting an initial yield of 6.9%.
VANCOUVER, WA-The 36,000-sf shopping center on Mill Plain Boulevard is adjacent a 57-acre mixed-use project being developed by Opus Northwest. Markley is a Portland-based owner of retail and industrial properties in the Pacific Northwest.
WEST ORANGE, NJ-The 351,000-sf Macy's- and ShopRite-anchored retail complex moves into the portfolio of the Principal Life Insurance Co. after a transaction arranged by Cushman & Wakefield.
LA PORTE, TX-The buyer gets a 41,851-sf warehouse, leased to a single tenant for the long term, and three acres in a coastal city. The seller was seeking $950,000 for the property when it came to market.
PHOENIX-Vacancy rose a percentage point to 21.8% and rent accordingly fell a point to $23 per sf in the suburbs and $22 per sf in town. The metro market's economics are delivering cut-rate deals that are enticing more tenants to trade up.
VANCOUVER, WA-The 36,000-sf shopping center on Mill Plain Boulevard is adjacent a 57-acre mixed-use project being developed by Opus Northwest. Markley is a Portland-based owner of retail and industrial properties in the Pacific Northwest.
HOUSTON-GSL Investments acquires a fully leased property on 2.2 acres in an ongoing portfolio building to take advantage of today's market conditions. Strohmer Symphony is the seller of 9111 Glesby St.