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MILFORD, CT-Bayer Corp. has renewed and expanded its tenancy at two buildings on Wheelers Farms Road here where it now occupies 95,500 sf of space for the North American headquarters of its Pharmaceutical Division.
SHELTON, CT-Cushman & Wakefield of Connecticut has been awarded the exclusive leasing assignment for the current home of Philips Medical Systems' North American headquarters. The company is relocating next summer.
FRANKLIN PARK, IL-An industrial site, long used for making steel products, is slated for redevelopment as a retail property. The asking price was $3.15 million.
WHITE PLAINS-GHP Office Realty of Scarsdale, the owner of Red Oak Corporate Park here, reports it has secured five lease deals totaling nearly 60,000 sf of space at the complex that is now fully occupied.
LOS ANGELES-Equity Office agrees to pay $28 million for a key parcel inside the controversial project, the biggest in-fill development in LA history. Whether the project can be completed is anyone's guess.
JACKSON, MS-The Atlanta office of Cushman & Wakefield brokered the $17-million sale of the 169,152-sf, 13-year-old, four-building asset originally developed by Trammell Crow Co. on 3.26 acres.
LOS ANGELES-December is barely half over, but investors announced the closing of more than $250 million of purchases in and around the sprawling San Fernando Valley. However, brokers say double-digit rents are coming to an end.