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NORWOOD, MA-The Great Island Development Group wants to build a 164,000-sf Lowe's Home Center near the corner of Route 1, Dean Street and Kerry Place. The 12.5-acre parcel is currently being used as a car storage facility.
DENVER-The property management firm acquires East Pacific Place, LLC of Colorado Springs as its new client. It will manage a 65,939 sf industrial facility located on East Pacific Place.
HORSHAM, PA-The long-awaited sale seems close to fruition. A GMAC spokesperson acknowledges that negotiations are ongoing, though neither he nor his Deutsche counterpart will comment on published reports of a $1 billion price tag.
OAK BROOK, IL-The locally based owner of retail east of the Mississippi acquires 1.4 million sf of triple-net leased properties in 14 separate transactions, including a few west of the Mississippi. The seller was CTL RE Assets LLC.
ROCKVILLE, MD-Although vacant, the 22-year-old, 125,000-sf office building at 2115 E. Jefferson St. still commands $160 per sf in a transaction between seller LaSalle Investment Management and buyer Realty Associates Fund VI LP.
DALLAS-Effective Nov. 16, UBS trades in four service providers for one, giving C&W the leasing and management of its office and industrial portfolio. It's not a termination for cause and not a "pre-ordained plan" for elsewhere in the US, UBS says.
HOUSTON-A new kid on the block, Twinrose Investments, buys its first property in town, a 125,621-sf office/warehouse building in Wallisville Business Park. The 30-year occupant, Briggs Equipment, signs a 10-year lease to stay in place.