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CHELMSFORD, MA-Camp Dresser & McKee expands its offices by leasing an 11,656-sf space at 25 Industrial Ave. The global consulting firm maintains its headquarters in Cambridge but closed its offices in Lexington, which it consolidated in its new location.
CARROLLTON, TX-Industrial properties in the Dallas-Ft. Worth region remain a hot ticket, with First Industrial Realty Trust finding a taker for a Valwood property within 35 days of it coming to market. A local family trust bought the 90,274-sf building.
ALAMEDA-The property had been on the market to be leased for quite a while before it was put up for sale, then sold immediately for $6.5 million. The building, in Alameda's Harbor Bay Business Park, is 50% occupied by Lucent Technologies under a 5-year lease.
CAMBRIDGE, MA-Biopure Corp. subleases 13,700 sf of space here at 58 Charles St. from Cendant, whose Internet engineering group used to occupy this space before it fell victim to the high-tech bust.
NEW YORK CITY-Along with an improving economy should come greater demand for fortress malls, which have a fashion department store, four anchor stores and sales of $450 per sf, predicts C&W's senior director of retail valuation.
LAKE FOREST, IL-Wholesale liquor distributor Lionstone International signs a seven-year deal on mostly industrial space at 13825 W. Laurel with Duke Realty Corp. for more than $2 million, or about $7 per sf.
EAST HANOVER, NJ-Market Measures Interactive is moving to the Eagle Rock complex from its existing space in Livingston, NJ in an expansion move. Part of new location's appeal is that MMI will have all it operations on one floor.
IRVINE, CA-Ditrans Corp's new corporate headquarters is four times larger than its previous location to accommodate growth. Both the former and new office locations are Irvine Company properties.
ELK GROVE VILLAGE, IL-Design Pac leases 252,000 sf of warehouse space at 1001 Busse Rd. here while Nippon Express USA Inc. takes 125,000 sf of office and warehouse space at O'Hare Cargo Center in nearby Bensenville.
NEW YORK CITY-For $3.2 billion, the new owners get the two 110-story twin towers, two nine-story buildings and approximately 425,000 sf of retail space.