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WAYNE, PA-Fresh from its public stock offering, the Plymouth Meeting, PA-based REIT pays Lend Lease Real Estate Investments approximately $186 per sf for the 247,817-sf, four-building office complex on East Swedesford Road.
MIAMI-Locally based Trujillo Brothers paid $3.1 million to Entenmann's Inc. for the building at 3325 N.W. 62nd St., where Trujillo will move and expand. Currently, the company has about 100,000 sf in the eastern section of the city.
MCDONOUGH, GA-Swayed by protesting residents who maintain planned lot sizes at North Star Station are too small compared to their own one-acre tracts, the planning commission has rejected a project proposal by developer Joseph Lunsford and his brother, state Rep. John Lunsford (R-McDonough).
BOCA RATON, FL-The two million outstanding 8.625% Series B Preferred Units will be redeemed Nov. 17 for almost $25.37 total per unit. The price will be paid to unit holders of record on the redemption date.
HUNT VALLEY, MD-Staying put in its marketing operations space at Schilling Plaza, MCI renews its lease on 74,000 sf in the 108,000-sf building. The telecom company has occupied space at the property since 1962.
CLEVELAND-GH Capital LLC, an Encino, CA-based multifamily real estate development and preservation firm, secures financing for the purchase and rehabilitation of a five-property Section 8 housing portfolio in Northeastern Ohio.
HOUSTON-Encon Safety Products seals the sale with a 10-year lease with renewal options to hold onto its 13-year address in the Northwest Point Business Park and end 10 months of negotiations with the buyer, GSL Investments.
LOS ANGELES-Jalux Americas Inc., a subsidiary of Japan Airlines, will relocate its headquarters to the LAX Business Center after signing a 10-year lease for 13,000 sf.
SEDONA, AZ-Worries over the destruction of native vegetation, increased traffic and the impact on views of the area's famous Red Rocks have prompted a group of Sedona residents to try to block the construction of Park Place Condominiums.