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COLLEYVILLE, TX-Colleyville Plaza trades to a Massachusetts buyer, who secures a 10-year loan at a 6.3% fixed interest rate to acquire the asset from Realty Capital Partners. The center was 93% leased at the closing.
MALVERN, PA-Since Sept. 30, the REIT has gained approximately 537,000 sf for an average of $111.73 per sf. One building is here; four are in Horsham, PA; three are in Maryland; the other in Virginia Beach.
ATLANTA-The Freeport, IL-based firm, which is relocating its corporate headquarters to this city, plans to lease part of the 10-story, 250,000-sf North Tower at 10 Glenlake for 60 executives who will be moving here at year end 2004, area brokers tell GlobeSt.com.
DALLAS-Jack Minter, in charge of Cousins Properties' dispositions, sells all that there is to sell, electing to move on and take over a role as TCC's national director of investment services. The Dec. 1 switch is the first step to an expansion of product types and teams.
GREENWOOD VILLAGE, CO-Public records indicate that the Texas-based company paid $12.6 million for its first purchase, a 113,348-sf building, in the Denver area.
LYNWOOD, CA-The grocery, restaurant supply company and club store signs on for 15 years at Lynwood Marketplace, a new center at the corner of Martin Luther King and Long Beach boulevards.
KALAMAZOO, MI-An office building is being restored and expanded, a hotel renovated and an outdoor festival site created in a series of redevelopment projects in Kalamazoo.
NORWALK, CT-Hotelier HEI Hospitality plans to add up to $750 million in new properties in the next three years. Playing a key role in the campaign will be Roger Clark, who has been named senior vice president, acquisitions.