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NEW YORK CITY-Apparel and accessory retailer ESPRIT is relaunching its operations in the United States by opening several New York Metropolitan area stores next year.
FLEMINGTON, NJ-Eastern States Properties' redo of the old Flemington Mall includes the addition of New Jersey's 26th Kohl's department store as the 240,000-sf property's prime anchor tenant.
LONDON-DB Real Estate has purchased Northcliffe House, Tudor Street, London EC4 from an affiliate of TIAA-CREF and from Clerical Medical. The price of reflects a net initial yield of 6.4%.
ROCHESTER, MI-Oakland University officials are mulling a plan to spend as much as $12 million to renovate and upgrade historic Meadow Brook Hall. The university says the 800,000-sf building needs at least $5 million in upgrades just to stay standing into the future.
LOWELL, MA-MassHousing, the state's affordable housing bank, makes a $4.3 million loan commitment to Rogers Hall, a three-story 61-unit building that caters to low-income seniors.
CENTENNIAL, CO-The retail giant will open a new Supercenter in this new Colorado city--a suburb south of Denver that was incorporated in 2001--about a year from now.
RIDGEFIELD, CT-While the details are still being worked out, Boehringer Ingelheim Pharmaceuticals Inc. plans to expand its 294-acre campus in Ridgefield and Danbury with a capital building project budgeted between $400 million to $500 million.
HOUSTON-The California buyer swaps a US Postal Service-leased building in Florida for the 15,120-sf Walgreen store at 398 Edgebrook Dr. The exchange capital is teamed with a $3.6-million loan to acquire a two-year-old building tied to a 20-year lease.
HOUSTON-Transwestern Commercial Services wins the contracts for Westbridge One, a 103,835-sf, class A office building sold about three months ago. Three other brokerage houses were vying for the pacts to an 81%-leased structure on the west side of town.
MANCHESTER, NH-A multi-million dollar renovation is under way here on a multi-story 108,500-sf building that will be home to Allegro Systems, which recently signed a long-term lease agreement with an estimated value of $17 million. The company is relocating and expanding from 22,000 sf in nearby Concord, with plans to add up to 250 jobs.