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ATLANTA-San Francisco-based SATS Technologies picks up the 39,000-sf building in Smyrna, GA, formerly held by Reston, VA-based X-O Communications. X-O filed for Chapter 11 bankruptcy protection this month. SATS' lease is for 12.5 years at an estimated $17 per sf.
HOUSTON-Duke Energy signs for an entire building in the Bayport Industrial Complex in the far southeast submarket, where space is at a premium. Preliminary Q2 stats peg warehouse product at 1.2% and manufacturing at 3.1%.
FORT WORTH-American Health & Life stamps possibly the largest office lease this year in Fort Worth after looking for nearly a year. The deal sparks a relocation from the CBD to Mercantile Center, five miles from the city's heart. The move starts in July.
PHOENIX-A North Texas company taps the far north submarket for 5,304 sf to open its first Arizona location. EMI Technology is a manufacturer of printed circuit boards. Computer company TecServe goes to the southeast corridor for its space.
NEW YORK CITY-The nation's sputtering economic recovery is causing decision makers to err on the side of caution when it comes to making real estate decisions, a Cushman and Wakefield corporate services executive says.
NEW YORK CITY-The former Newmark retail CEO officially takes the reins of Cushman & Wakefield's Retail Management Consultant group, which aims to trade in C&W's traditional retail vehicle for a new model loaded with extras.
HAZLET, NJ-The newly completed Concord Center II, a class A property developed by Hi-Tech Properties, is being marketed by Cushman & Wakefield of NJ. The new building brings Concord Center to just over 100,000 sf.
LITTLETON, CO-It got its current 190,000-sf complex for the bargain price of $7.5 million in 1997, but satellite TV giant EchoStar Communications has considered at least two larger facilities on the market.
ORLANDO-Atlanta-based Ronus Properties, the longtime owner of West Colonial Oaks shopping center to sold the Home Depot-anchored property to Noble Properties of West Palm Beach.
FAIRFIELD, CT-Colonial Realty of Fairfield reports that it has brokered 100,000 sf in industrial lease deals, including Remarketing Solutions International LLC's 66,400-sf sublease in Orange.