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CHELMSFORD, MA-SavaJe Technologies, a provider of advanced Java platforms for handheld and wireless devices, takes 15,625 sf from Axis Communications at 100 Apollo Dr. in a sublease deal. Axis is relocating to the first floor of the building.
ATLANTA-The Boston-based investor acquired the 97,899-sf, Publix-anchored shopping center in affluent East Cobb County from San Francisco-based ABM Property for about $163 per sf.
PHILADELPHIA-The local insurance brokerage renews its lease and adds 6,049 sf at One Penn Square West, also known as The Graham Building. The average asking rate in Center City has dropped to $22.60 per sf.
WHITE PLAINS, NY-Caspi Development of Purchase, NY has acquired the two-building office complex at 235-245 Main St. here from Reckson Associates Realty Corp., for $18.5 million.
SCOTTSDALE, AZ-DaVita Inc. of California settles on a 10,382-sf office at Highland Park in Scottsdale's central corridor. The plan is to cut the ribbon in January 2003. Cavan Commercial and C&W broker the terms.
HOUSTON-Transwestern Commercial Services can relax now that its lead tenant, 3D/International Inc. has renewed a 32,398-sf lease. The design-build firm has been a tenant for a decade, but did look around before making the decision to stay.
NEW YORK CITY-The FEMA windfall gets the red-carpet treatment from a host of city, state and federal dignitaries. The money is earmarked for an inter-modal transportation hub that is considered a lynchpin of Downtown redevelopment.
NEW YORK CITY-Known for it's high-end but must-have women's pants, the retailer inks a 10-year deal with plans to consolidate two nearby locations into the new space. The deal was signed at a figure close to the asking price of $1 million per year.
NEW YORK CITY-The real estate industry's summer of discontent sees yet another high-ranking broker hit the bricks. Former C&W executive director Michael Burgio is now an executive managing director over at archrival I/ESG.