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DRACUT, MA-In its first acquisition since it was formed about a month ago, Pivotal Properties, purchases R. K. Plaza from R.K. Associates of Dedham for $4.2 million.
HOUSTON-Eastbourne partners with two local firms to acquire the first of two parcels at the southeast corner of FM 529 and Fry Road. The second purchase closes in mid-November to assemble enough land for a 450,000-sf build-out.
BOSTON-The Grossman Cos. Inc. nails down an $8.7 million loan to fund construction of a 138,373 sf self-storage facility. It will consist of 1,187 self-storage units and is expected to be completed next summer.
TUALATIN, OR-The Bedminster, NJ-based developer of needle-free injection technology is moving and expanding its local operations and customer service center. It's new home will be Tualatin Corporate Center, which is owned by Multi-Employer Property Trust.
NORTH ANDOVER, MA-Developer Ross Hamlin wants to build an 80,000-sf retail center on a 13.5-acre parcel on Route 114. The town has voted to allow the site to be rezoned and the planning board just needs to give its blessing.
MORRIS TWP., NJ-The global parcel carrier, which had considered moving the 1,000-job unit closer to its Atlanta headquarters, will keep the operation in the Garden State instead.
CAMBRIDGE, MN-The project, which requires funding from the Minnesota Legislature, would tear down two temporary buildings and build a new 34,200-sf addition.
ORLANDO-Elwood B. Coley, head of Crow's service business for Florida, was also named to the firm's National Operating Committee. He has participated in two million sf of deals since joining Crow in 1981.
HERNDON, VA-Three class A office buildings in the Woodland Park section get snapped up by Miami's America's Capital Partners in a $68 million deal. ACP snagged South Pointe I & II and Plaza Ridge II from Tishman Speyer.
LONDON-Morley Fund Management has continued to refocus its out-of-town retail portfolio with the sale of nine smaller properties to Brookhouse Group for pounds 69.4 million ($117 million) reflecting a 6% initial yield.