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PHILADELPHIA-In two signs of company downsizing, the owner-occupant of a flex property on Horning Road here is leasing more than half the building, and an 18-month sublease is offered in suburban Gulph Mills.
SOUTH KEARNY, NJ-Grubb & Ellis arranged the deal for both the new tenant and the sublessor, Anvil International. The space is within the River Terminal complex here.
WARREN, MI-A new financial services building worth $23 million is among three new projects announced for Warren. The new buildings and renovations could bring as many as 1,000 new jobs to the Detroit suburb.
GLEN ALLEN, VA-The 120,000-sf flex property known as Virginia Center gets a new owner as First Potomac Realty Trust spends $9.5 million to take the complex off the hands of seller Principal Life Insurance Co.
ORLANDO-Formation Capital LLC of Alpharetta, GA and Longwing Real Estate Ventures LLC of New York agree to pay Atlanta-based Marine Health Care Inc. $86 million for the Florida properties. The deal is scheduled to close Nov. 30.
CORONADO, CA-The storied Hotel Del Coronado property will soon be under new ownership, as CNL Hospitality Properties and KSL Recreation Corp. have entered into a purchase and sale agreement with Lowe Enterprises Investment Management LLC.