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HARRISBURG, PA-In a joint venture partnership with Lubert-Adler, Feldman Equities acquires the 840,000-sf property and concurrently inks leases with Bass Pro Shop and Boscov's to fill anchor space being vacated by Lord & Taylor and JCPenney.
POMPANO BEACH, FL-Astoria Imports paid Hidrock Realty about $54.40 per sf for the freestanding building here. The furniture distribution company plans to occupy the building, which has been vacant for about two months.
TEMPE, AZ-Lepin and Renehan Management Inc., a homeowners' association management group, triples its office size with the purchase of a 12,000-sf building. The plan is to occupy 7,000 sf and put the remaining space on the market for lease.
HOUSTON-Midland Reclamation Co. of Dow, IL is setting up shop in the city in a freestanding building at 131 Eichwurzel Lane under a medium-term lease with a purchase option clause for it and a 12,000-sf neighbor, which are on the market for $550,000.
FAYETTEVILLE, GA-In the largest retail deal of the year in the state, the Oak Brook, IL-based REIT pays Thomas Enterprises of Smyrna, GA $172 million, or $122.86 per sf, for the eight-year-old Fayette Pavilion in the city, about 20 miles south of Downtown Atlanta.
GREENSBORO, NC-Locally based Tanger Factory Outlet Centers Inc. and an affiliate of New York-based Blackstone Real Estate Adsvisors agrees to acquire 3.3 million sf from Charter Oak Partners of Vienna, VA.
GREENFIELD, MN-Opus Northwest is developing the new business park in this town west of the Twin Cities. CB Richard Ellis represented Archway Marketing Services in the deal.
SCOTTSDALE, AZ-The new role goes to Charles Hickcox, a lawyer with a strong background in real estate and three Olympic gold medals to boot. Hickcox will head up development and acquisition activity in Arizona.
LONDON-Lionbrook Property Partnership has purchased Reading Retail Park, Oxford Road, Reading, from the Junction Limited Partnership for pounds 25.1 million ($42 million) reflecting a net initial yield of 6.6%.