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HARRISON, NY-Texaco's decision to abandon its corporate headquarters here if its merger with Chevron is approved was not a shock to most in the brokerage field. In fact, most said the news was not as devastating as one might think.
MONROE TWP., NJ-Distribution space, available as a sublet, is one of the few spaces of its size in an industrial market and geographical location that remains tight as a drum.
DENVER-First Industrial Realty Trust has snagged a couple of good buys, paying replacement cost or less for Commerce Square and Parkway Point. The aggregate 234,683 sf brings $16.7 million for the seller.
FAIRFIELD, CT-Blackrock Realty LLC of Stamford has closed on the $5.9 million purchase of a 35.5 acre site here where it proposes to build a $250-million, 1.3-million sf commercial complex and a new Metro North train station.
WASHINGTON, DC-The Corporate Executive Board is the newest tenant to sign up for 1857 K St., NW, a 170,000-sf office building set to open January 2002. The firm is renting 30,731 sf.
DENVER-Colorado will experience a slight slowdown, but its growth will still outpace the national economy, says the state budget director. The state's not immune, but economic indicators are strong enough to weather a storm.
TIGARD, OR-The Sacramento, CA-based land developer has under contract an eight-acre property on Pacific Highway here that one local broker describes as "an absolute 100% location." A former General Motors training center on the property will be replaced with office space if the deal closes.