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MONTCLAIR, NJ-With 25,000 sf, Apogee Networks took the largest space in the recent transactions at the newly revitalized Central Park Corporate Campus.
WASHINGTON, DC-The $150 million Class A building at 901 New York Ave. will finally get under way now that developer Boston Properties has signed law firm Finnegan Henderson Farabow Garrett & Dunner to a 250,000-sf lease of office space in the proposed 538,000-sf structure.
LONDON-London's Heathrow Airport is the world's most expensive industrial location, just ahead of San Francisco, according to a new report by international property consultant Cushman & Wakefield Healey & Baker.
ROMEOVILLE, IL-Food products distributor Central American Group signs a five-year lease deal in the low eight figures with CalEast Industrial Investors, LLC for a facility formerly occupied by Montgomery Wards as a catalog distribution facility.
DENVER-The asking price for the 500,000-sf plant on 28.5 acres at Interstate 70 and Pecos St. is $12.5 million. Replacement cost is $20 million, says Candis Hewitt, leading the Cushman & Wakefield brokerage team that is marketing the property.
LOS ANGELES-The former American Produce Building, located at 2160 E. 7th St. was built in 1986 and features approximately 30,000 sf of cooler space. The buyer, Davalan Produce is currently located in several buildings throughout the Downtown area.
NILES, IL-Arrow Financial Services finds three times as much space in CenterPoint Properties Trust's building at 5990 W. Touhy Ave., in second-floor space vacated by W.W. Grainger. The company's move from nearby Lincolnwood is set for June.
AUSTIN-All around town, building owners had eyes for the Fulbright & Jaworski law firm as it scouted the market for the best leasing opportunity. In the end, the firm stays put at One American Center in the CBD.
NEW YORK CITY-A steady yen depreciation results in a ripe Tokyo office market for US multinational companies, according to a recent Cushman & Wakefield report. As the world's second-largest economy, Japan continues its struggle against the American dollar and the euro.
PHOENIX-Cushman & Wakefield of Arizona says there are bright spots in the 2001 close industrial market stats despite a 9.1% vacancy and 4.4 million sf in deliveries in the final two months of the reporting period.