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CAMBRIDGE, MA-The 670,00-sf two-tower office property fetches an estimated $175 million. The office park is may be part of a larger portfolio acquisition for the Chicago-based Rreef.
WELLESLEY, MA-National Office Partners purchases Harvard Pilgrim Health headquarters for $70 million. The 270,000-sf property goes for a near record price-per-sf record.
VININGS, GA-The Dallas-based developer acquires the 437,000-sf office, 66%-occupied building in suburban Vinings, GA for $129.29 per sf. Lincoln bought Overlook III for its client, Chicago-based Illinois Teachers Pension Fund.
ATLANTA-Vacancies are at 20.1%, down from 21% in Q2. Net absorption is a positive 1.16 million sf but still below the record two million sf set in the second quarter, according to separate analyses by Bullock Mannelly Partners Inc., Colliers Cauble and Cushman & Wakefield.
DALLAS-NBC locks down 19,676 sf for the news bureau, national sales group and several affiliates' marketing operations, driving relocations from Fort Worth and Dallas to 3100 McKinnon St. The 7,009 sf of extra space will be ready to go in January.
DENVER-Jeff Selby and Michael Brenneman plan a 50-story building at 14th, Arapahoe and Lawrence streets that could include up to 180 hotel rooms, along with luxury condominiums.
ATLANTA-Ending one of its most productive years ever, Cousins Properties Inc. is paying common stock shareholders of record on Nov. 8 a dividend of $7.15 per share on Nov. 18. The locally based REIT closed nine sales valued at approximately $1.3 billion this year.
SANTA MONICA, CA-The Los Angeles-based REIT agrees to acquire the 331,926-sf Lantana Entertainment Media Campus from Hines US Office Development Fund in a deal expected to close in December.
LISLE, IL-The Hines US Office Value Added Fund pays $44 million for MetLife's two-building, 296,486-sf Westwood of Lisle, about one-third vacant. That is close to the overall vacancy in the western end of the East-West submarket.