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WEST PALM BEACH, FL- Walters/Gottlieb Partners Inc. has handled management and coordinated leasing for the 423,323-rentable-sf, class A office complex for three owners since it was completed in 1986. Phillips Point LLC, a venture of the Winter Organization and Heller Properties Inc., paid $138 million for Phillips Point late last year.
McALLEN, TX-The project advances after the city signs the lone bidder for the project to buy 70 acres for more than $17 million and develop 650,000 sf of retail to go along with a 174,000-sf convention center and 2,500- to 3,000-seat performing arts center.
DENVER-Equity International Properties, the privately held international real estate investment company of Equity Group Investments, is now a joint venture partner with Denver-based Black Creek Group.
RYE BROOK, NY-Cadbury Schweppes plc, which closed on its 135,000-sf lease at 900 King St. here on Dec. 23, plans to have the first of about 425 employees begin to take occupancy of the new space by the first of April.
WHITE PLAINS, NY-Another Westchester County law firm has expanded its operations in downtown White Plains. Cerussi & Spring PC has signed a lease renewal and expansion transaction for 18,330 sf of space at the Gateway Building here.
LOVELAND-According to the Memphis-based retail developer, a number of national stores, mostly new to northern Colorado, have been signed up for its 700,000-sf lifestyle center recently.
FERGUS FALLS, MN-Otter Tail has bought the assets and operations of Foley Corp, which provides a range of specialty contracting including design and build services for new construction.
BOSTON-The South Boston Harbor Academy Charter School acquired two buildings totaling 45,000 sf from the Roman Catholic Archdiocese of Boston. The school plans to immediately renovate the North Dorchester facilities.
GREENSBORO, NC-Locally based Tanger Factory Outlet Centers Inc. and an affiliate of New York-based Blackstone Real Estate Adsvisors agrees to acquire 3.3 million sf from Charter Oak Partners of Vienna, VA.
GARLAND, TX-Foley's has its Red Apple sale and Kmart has its Blue Light special. It's not desperate, but realistic, says a broker who's offering second-generation rates to get cash flow in hard times on 382,000 sf of industrial shell space that delivered in April.