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CAMBRIDGE, MA-In one of the biggest deals of the year in this area so far, Paradigm Properties and Westbrook Partners sell the Davenport Building here on First Street to IBUS Company for $53.5 million. The companies acquired the 220,750-sf building in 2000 for $49.9 million.
HARRISBURG, PA-The closing was last week, but the tenant's broker says representatives of the property's owner put the cart before the horse when they revealed the deal before building out the space.
SAN FRANCISCO-The general contractor has purchased a seven-story corporate office tower in SOMA. Two years ago, the asking price for the seven-story, 66,000-sf building was $37 million.
BOSTON-Modern Continental Enterprises removes Trammell Crow Co. from its position as exclusive leasing agent for Independence Wharf, the 335,000-sf office building located on Atlantic Avenue in the financial district, and gives the contract to Cushman & Wakefield.
BOSTON-Modern Continental Enterprises removes Trammell Crow Co. from its position as exclusive leasing agent for Independence Wharf, the 335,000-sf office building located on Atlantic Avenue in the financial district, and gives the contract to Cushman & Wakefield.
CRANBURY, NJ-Utica National Insurance and St. Paul Fire and Marine Insurance will move into the same building at Windsor Corporate Park as both companies expand from nearby locations.
MARYLAND HEIGHTS, MO-The Columbia, Md.-based provider of employee assistance programs and managed behavioral health care will take 268,000 sf in two buildings at TRiSTAR Business Communities' Riverport Commons office development in this St. Louis suburb.
PLANO, TX-A 33,000-sf tenant heads to 10th Street Business Park in Plano while a 10,011-sf newcomer is bound for Lewisville's Fairway Drive Business Park. IDB Systems will relocate in March from Carrollton.
BELLEVUE, WA-Standing testament to the hard times that have come to the upscale Eastside community, yet another incomplete project sits frozen by financing storms. This time, it's the 39-unit Ida Terrace Condominiums.
AURORA, IL-Tollgate, LLC acquires the building leased by Fermi Lab, Cano Container, and PDI Container for $35 per sf. At 2300 Raddant Rd., the five-acre site is near the I-88/Farnsworth Avenue interchange.