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PLANO, TX-Lead tenant PFSweb, a 10-year tenant, re-ups for another five at the Shidler Group's 235,058-sf Atrium at Collin Ridge. To date this year, Atrium tenants have renewed more than 100,000 sf, keeping the structure at 91% occupancy.
LAKEWOOD, CO-The used furniture marketer becomes the first tenant in the former Levitz Furniture warehouse building converted by Gart Properties into the 6th Avenue Commerce Center building.
DALLAS-Without hinting at the transactions' value, Cushman & Wakefield executes two sales covering more than 120,000 sf of industrial space. Cushman represents the sellers of each property, Choyce Kendrick and The Home Depot.
LOS ANGELES-In Downtown's largest lease of the year, Paul, Hastings, Janofsky & Walker LLP takes 208,847 sf at the once-troubled Arco Plaza. Part of the project will be renamed Paul Hastings Tower.
CAMBRIDGE, MA-Westbrook Partners sells 1030 Massachusetts Ave. here for $17 million to Boston-based Paradigm Properties. The Dallas, Texas-based investment firm acquired the four-story building in 1996 as part of a portfolio it purchased from Travelers Insurance.
NEWARK-The utility giant's long-term lease expansion brings the landmark 80 Park Plaza headquarters building to 100% occupancy. The asset is owned by Newark Urban Renewal Investors.
DALLAS-After a successful 200l, Lawrence Gardner moves up to associate director in Cushman & Wakefield's Dallas office after three years with the company. "My goal," Gardner attests, "is to be one of the best brokers at this firm and in this city.
DALLAS-In a round of activity that accounts for almost 30,000 sf of office space, Cushman & Wakefield arranges leasing deals in three area buildings -- Plano's Park Center, The Bank of America Plaza and Addison's Millennium Center.
JACKSONVILLE, FL-The Houston-based REIT bought the 305,000-sf, 17-year-old, 97%-leased Argyle Village Shopping Center from Tampa, FL-based Euro American Advisors for $73.68 per sf. The REIT also purchased a 962,800-sf bulk warehouse portfolio in Lakeland, FL and Norcross, GA from National Life Insurance Co. for $24.4 million or $25.34 per sf.
DALLAS-The Texas Department of Transportation's proposal to limit construction of frontage roads goes to the Texas Transportation Commission. Commercial real estate professionals believe approval will negatively affect the industry.