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THE WOODLANDS, TX-Penreco, a maker of hydrocarbon specialty products, is leasing 14,500 sf to set up a technology center in the Woodlands. Existing companies' expansions are fueling a significant growth in the community.
LONDON-For its 25 February sale, property auctioneers at Healey & Baker have pulled in a record volume of lots. It expects strong interest from private buyers.
CHICAGO-Paying a reported $250 million, or $263 per sf, San Francisco-based Shorenstein Co. adds the 44-story West Loop office tower to a portfolio that includes the John Hancock Center and Prudential Plaza.
CHICAGO-The Commodity Futures Trading Commission moves from nearby 300 S. Riverside Plaza next month after getting a private floor in Tishman Speyer's 25-story West Loop building, which still is close to the city's futures exchanges.
NEW YORK CITY-Cushman & Wakefield continues to explore new options with its new Hospitality Asset Recovery Service, which will assist investors and owners in the disposition of distressed hotels and lodging-backed mortgages.
BOLINGBROOK, IL-The I-55 Corridor distribution space deal at 333 Gibraltar, in a submarket that has seen vacancies rise to the 14% to 17% range, is worth more than $8 million.
NEW YORK CITY-Pfizer picks up 59,000 sf of expansion space on four floors in the building located next door to its headquarters. An affiliate of United Business Media doubles its space at the same property.
MILFORD, CT-Byram Healthcare has relocated its corporate headquarters from Greenwich to 440 Wheelers Farms Road here and has established a major call center in White Plains, NY.
EDISON, NJ-The REIT's first acquisition within the sprawling Raritan Center Business Park involves the acquisition of two buildings from Principal Capital Management for $15 million.