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MINNEAPOLIS-CB Commercial's Minneapolis office represents Advantage Logistics in the lease of 135,220 sf of air-conditioned distribution space for its operations in Denver.
ATLANTA-Eager to capitalize on an investor-hungry market, joint owners Triad Properties Corp., Trammell Crow Co. and Real Estate Capital Partners have placed the 527,000-sf Midtown tower on the selling block, even as occupancy approaches 100%.
NORWOOD, MA-Holliday Fenoglio Fowler nails down the financing for Sunrise of Norwood, a 72-unit assisted living facility managed by Sunrise Senior Living.
CARROLLTON, TX-Argent Property Co. sells three warehouse/distribution buildings in the Frankford Trade Center after regrouping from a major tenant loss. Principal Financial Group and a pension fund client are the buyers of the class A package.
COPPELL, TX-The Cirrus Group starts construction on a 30,000-sf medical office building that's 60% pre-leased and most likely will be full by the second quarter 2004 delivery. The class A project will serve as an affiliate for the Las Colinas Medical Center.
FREDERICK, MD-Qovia Inc., an Internet voice over software concern, chooses a new home in a 22,000-sf building within the I-270 Technology Park. The young company signed a three-year lease on 8,000 sf at 7470 New Technology Way.
MONTREAL-Philip O'Brien, founder and chairman of one of Canada's top tenant-focused real estate services firms, decides to sell his shares and leave the company in order to focus on new opportunities.
BRIDGEWATER, NJ-Stellar Academy has signed on for 16,000 sf within the 48,500-sf Bridgewater Corporate Center, which is owned by the New York City-based Zirinsky Associates. National Business Parks did the redo for the owner.
VISTA, CA-WenMar LLC acquires the local asset as an exchange upleg for the April 2003 sale of the Posada del Valle apartments in El Cajon. Encompassing 52,000 sf, the Vista property is currently occupied by Big Lots and Big 5 Sporting Goods.
WASHINGTON, DC-Ground has been broken on the new $95 million Embassy Suites Hotel, the first such property to be developed in close proximity to the new 2.3 million-sf Washington Convention Center.