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TREVOSE, PA-Ventura Commercial Mortgage arranged financing for the three-story, 69,066-sf, class A office building at 900 Northbrook Drive here. Tenants at the 94% leased facility include Yum! Brands and H & R Block.
MOUNT DORA, FL-The Deer Island Golf and Lake Club, prime Lake County real estate on the south shore of Lake Dora, 28 miles northwest of Downtown Orlando, could be picked up for about $1.9 million, the mortgage balance amount due to Mercantile Bank.
WASHINGTON TWP., NJ-Sleepy's Mattress Co. will be the latest user at the developer's three million-sf Northeast Business Park at 7A. The park itself is being expanded with a 435-acre phase two site acquisition.
HOUSTON-EDM Office Services swaps a lease for the deed to 2500 Karbach St., brought to market by a Cincinnati investor who believed there were more opportunities to sell than secure a replacement tenant for the 17,900-sf building.
FLOWER MOUND, TX-If all goes as planned, Direct Development will be closing on a 35-acre tract at the end of January for Highlands Ranch. The concept plan in recent days has gotten nods from the city and Lowe's Home Improvement.
PHOENIX-The developers of the popular "insta-suite" concept has closed its Valley headquarters after 11 years. Jim Lentine, vice president of Denali National Trust, says the principals want to pursue other development projects.
SAVAGE, MD-New York's Maines Paper & Food Service Inc. opens a new distribution center in the former Alliant Foodservice Property at the Corridor Industrial Park. Maines is leasing the 100,000-sf space and will expand by 50,000 sf.
STUDIO CITY, CA-Younan Properties sells the 73,000-sf Lankershim Media Center to LaeRoc Partners after holding it for a year and boosting occupancy to 98%.