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LONDON-Software giant BEA Systems has regeared its holdings on the Kingsmead Business Park in High Wycombe, Buckinghamshire. It has a new over-riding lease on the 41,954-sf Windsor Court at pounds 1.06 million ($1.765 million) per annum.
LA PORTE, TX-With the deed now passed, the new owner will pump another $200,000 into rehabbing the Bayside Oaks as part of a repositioning plan to capitalize on the upside of a complex that was just 64% leased at sale time.
WASHINGTON, DC-Franklin Tower, a 212,000-sf premium office property in the District's East End, has fetched $87.6 million in its sale to WestWind Capital Partners LP. The 12-year-old property is currently leased to 98% capacity.
NEW YORK CITY-Financial services are still at the heart of the city's business sector, although professional services, life sciences and media and entertainment are other core areas, according to Daniel Doctoroff, Deputy Mayor for Economic Development and Rebuilding.
BOSTON-Joy Conway, senior vice president for government and industry affairs at the Greater Boston Real Estate Board, is leaving. The move comes a few months after the organization's CEO announced that he was leaving.
NEW YORK CITY-Trizec fills up 55,000 sf in the only Manhattan building the Chicago-based REIT's portfolio that had significant amount of space on the market.
BERNARDS TWP., NJ- The buyer, a local investor, has leased the entire building to an insurance company that will use it as its new headquarters. Colliers Houston and GM Realty Advisors arranged the deal.
ROSEVILLE, MN-McDonald's is the largest again, according to a survey completed by Franchise Times. Restaurants, the automotive aftermarket and beauty salons continue to dominate the list.