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LEBANON, IN-The former Parker Hannifin facility here is under contract to a confidential buyer according to the broker representing the seller. The sale of the facility is expected to close by the end of the year.
ORLANDO-Jim Lewis, a senior vice president of government relations and public affairs and a seven-year Disney professional, takes over from George Aguel who started the company's vacation resort business in 1991. Aguel continues to head Disney's group and convention business.
VALHALLA, NY-The New York City Department of Environmental Protection expanded its presence at the Sutton Park North building here by signing a 20-year lease for 50,835 sf.
CAMBRIDGE, MA-Perini Building Co., Inc. has been selected to convert 45,000 sf of leased office space at 300 Third St. in into research laboratories for Alnylam Pharmaceuticals Inc., a locally based biotech company.
LONDON-Halladale Group has disposed of two retail units in Woodley, Reading to a private investor for pounds 8.11 million ($13.5 million). The price reflects a net initial yield 5.97%.
GREATER BOSTON-Meredith & Grew's third quarter 2003 market report indicates that demand for well-leased assets with stable cash flow remains high in the area, but the lack of supply has led to very competitive pricing.
NEW YORK CITY-Jones Lang LaSalle, which has handled more than 600,000 sf of leases in Lower Manhattan this year, adds the subleasing of 400,000 sf of space at One Seaport Plaza to its roster.
EAST WINDSOR, NJ-GHP increases its Princeton-area holdings by purchasing the 64,000-sf office/flex property from Brandywine. The company made its first Princeton-area purchase this past April.