LONDON-Greycoat subsidiary City Offices and the German fund CGI have let the 15,600-sf One Paternoster Square, London EC4 to Lexicon Partners at a rumoured pounds 50 ($85) per sf.

TEMPE, AZ-MicroTronics picks up about 1.6 acres adjacent to its existing facility in Eaton Freeway Business Park. The deal, pulled together by Grubb & Ellis/BRE Commercial, nets $472,626 for seller, Advanced Materials Technologies.

CHATTANOOGA, TN-Locally based CBL & Associates Properties Inc. says it has completed the formation of its new Australia-based property trust with the US affiliate of Australia-based Galileo America Shopping Trust and closed on the first sale of properties to the entity, Galileo America REIT.

NEWARK, NJ-The Superior Court action, aimed at overturning the choice of Mills Corp. and Mack-Cali to redevelop the Continental Arena site, charges that the selection process was flawed.