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AUBURN, WA-Located across from the SuperMall, the two-story building is leased long term to Zones Inc. and the Boeing Co. The list price is $13.5 million, or $90 per sf.
AUSTIN, TX-In order to keep a long-term tenant, Equity Office Properties tears up a 91,969-sf lease with Brown McCarroll LLP that was scheduled to expire next fall in favor of a new 10-year lease for 106,345 sf at a lower lease rate.
WHEATON, MD-The one-million-sf Westfield Shoppingtown Wheaton is on target for a mammoth renovation and expansion project now that KeyBank Real Estate Capital has signed off on a $180 million senior credit facility.
ANNAPOLIS, MD-The National Investment Center for the Seniors Housing & Care Industries finds that most seniors choose non-age specific rental apartments instead of senior living communities.
LONDON-Land Securities Trillium, the outsourcing subsidiary of Land Securities, has reached agreement with the Department for Work and Pensions to expand its existing property outsourcing agreement to include the 9 million-sf former Employment Service Estate.
PLYMOUTH MEETING, PA-The REIT offers 2.25 million shares of common stock at $25.29 a share through Legg Mason Wood Walker and McDonald Investments. Proceeds will buy a 248,000-sf office property and/or pay down debt.
NEW YORK CITY-British investment firm Coller Capital branches out from the European marketplace taking 4,000 sf at 410 Park Ave. for its US headquarters.
SOUTH SAN FRANCISCO-The publicly traded office investor acquires the building after Cell Genesys Inc., the building's long-term tenant, passes on its purchase option.
ATLANTA-Developers in DeKalb, Cherokee, Henry and Gwinnett counties are asking the Atlanta Review Commission for approval on a mix of separate apartment, housing and shopping center space with an estimated aggregate build-out value of $25 million.