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CLINTON TOWNSHIP, MI-An upscale shopping center plan has been added to the $500 million mixed-use project at Partridge Creek Golf Course in this Detroit suburb. Although an exact plan has not been announced, it will be located only a mile east of the Lakeside mall.
JENKINTOWN, PA-Within nine days the bank REIT acquires 98 branches in North Carolina and 31 in Ohio from two Pitney Bowes' Prefco portfolios. Both are leaseback transactions to Bank of America and KeyBank, respectively.
CHARLESTON, SC-The New York-based owner, operator and franchiser of hotel properties agrees to sell a 296-room Sheraton here to a Raleigh, NC-based LLC that plans to renovate and rename the property under the same branding.
NEW YORK CITY-The groundbreaking will be held next week for Strivers Gardens, a 169-unit condominium complex in Central Harlem. Fleet provided $42.7 million in financing toward the project, which is the third ANCHOR project in Harlem.
ROLLING MEADOWS, IL-The residential mortgage lender will make its regional headquarters at Prime Group Realty Trust's three-building 925,090-sf office complex along the Northwest Tollway. The deal pushes the complex's vacancy down 16 percentage points to less than 7%.
HOUSTON-A Houston-based environmental consulting firm has left its days as a start-up firm behind and signed an expanded 16,050-sf lease for five years on Houston's east side.
WATERTOWN, MA-Snowbound Software takes 9,980 sf at Building 312 in the Arsenal on the Charles. The company is subleasing from Oxigene. Harvard bought the 30-acre, 770,000-sf complex two and a half years ago for $160 million.
ALPHARETTA, GA-For the second time in 30 days, the Alpharetta City Council asked for more time before voting on the 220-acre suburban venture that would comprise 500,000 sf of educational, cultural and recreational space plus hotel, office, retail and residential components.
BRYAN, TX-Seeking to redeploy capital into other projects, a Houston-based investor has sold a 10,150-sf shopping center here. The property came with a $1.1 million, non-recourse loan that had to be assumed by the buyer.
SOUTH ORANGE, NJ-The four-story, 61-unit Concord complex moves from the portfolio of one private investment group to another in a 1031 tax deferred exchange.