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HOUSTON-The MIMS Meat Co. will relocate into a 25,000-sf building in the northeast sector in first quarter 2004. In the northwest submarket, Lone Star Overnight has landed in a 6,000-sf space.
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.
MEMPHIS, TN-The communications joint venture of SBC Communications and BellSouth assumes a 284,000-sf lease held by SBC Services and leases another 116,000 sf of contiguous space here at Panattoni Development Co.'s Southpoint Distribution Center.
MIAMI-A real estate investment firm has purchased the six-building portfolio here from CalEast Industrial Investors LLC. While the sale price was not disclosed, industry sources place a $16 million to $18 million value on the deal.
SUNRISE, FL-Union Bank Mortgage Corp. offers 227 home loan programs for multifamily and single-family properties. The 30-plus-year-old bank, with more than $847 million in assets, also does a large amount of commercial real estate lending in South Florida.
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.
PHILADELPHIA-The loan is structured to provide additional, staged funding for costs associated with the Duane Morris 220,000-sf, 15-year lease. Oaktree has already made substantial improvements since acquiring the office trophy.
CHICAGO-The 389,400-sf building at 1401 N. Cicero Ave. with 33-foot ceilings sells for $12.6 million to ML Realty Partners and Merlin Funding, which will begin looking for new users.
NEW YORK CITY-Hundreds of residents of apartments financed under the Mitchell-Lama program attended a rally at City Hall Wednesday as the City Council held its first hearing on a conversion protection bill.