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MIAMI-The Pompano Beach, FL-based retailer paid Unisource Worldwide Inc. of Atlanta $4.4 million or $52.36 per sf for the 84,026-sf property in Miramar Park of Commerce, 20 miles north of Downtown Miami.
PHOENIX-Developer Fred Unger partners with businessman Mark Doerflein on the $3.24-million acquisition of a mostly vacant CBD office building. The duo is working out details for a 56-room boutique hotel, 26 condos and retail space.
NEW YORK CITY- Kipp/Stawski Group is buying the properties, which run north along the avenue from the corner of 42nd Street. A building in excess of 400,000 sf is said to be planned for the site.
COPPELL, TX-The logistics provider signs its second large long-term lease in three months for a Duke Realty Freeport building. Now, Duke is on the prowl for more land to feed more deals since its bulk industrial product in the region is filled to the max.
CITY OF INDUSTRY, CA-The California retailer pays $8.975 million to seller Ringwood Avenue Properties LLC. Stroud expects to move into the new facility this month following construction of a new 25,000 sf mezzanine for the administrative area.
STAMFORD, CT-Robert J. Gold and Thomas Weinstock have left Grubb & Ellis' Office Services Group in Stamford and have moved several blocks downtown to become vice presidents with CB Richard Ellis' office here.
SAN FRANCISCO-The New York-based, full-service real estate firm tells GlobeSt.com it has hired away CB Richard Ellis SVP Ed Grammens and several of his team members for its first San Francisco office. "It is the first step in creating a major presence in the Western Region of the United States," says Newmark's director of U.S. Operations.
ELMWOOD PARK, NJ-The new owner, a 40-year-old, privately-held company, plans to do a gut renovation of the asset, which was sold by EPM Group Engineers and Invensys Co. Cushman & Wakefield arranged the deal.
STAMFORD, CT-Pitney Bowes executives are pondering the wisdom of staying in their 422,000-sf corporate headquarters building here. Whatever the outcome, they won't abandon Connecticut, they say.
PORTLAND-The full-service firm gains its first industrial broker in George Slevin, adding depth to a local office heretofore focused mainly on the office market.