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PHILADELPHIA-The conjoined neoclassical and brutalist style buildings total 849,308 sf of class A office space across from Independence Square. The property is 85.9% occupied, and the asking rental rate is about $22 per sf.
AURORA, CO- After launching an exhaustive search of multiple sites in the metro area, Merrick & Co., described as the largest engineering/architectural firm headquartered in Colorado, decided to maintain its corporate headquarters at Aurora Corporate Plaza here.
HOUSTON-The leases, totaling 7,490 sf, all are medium-term pacts that range from 3,266 sf to 822 sf. Fulcrum Power LP occupies the largest block of space while "Les Avenues" magazine is moving into the smallest.
AURORA, CO- After launching an exhaustive search of multiple sites in the metro area, Merrick & Co., described as the largest engineering/architectural firm headquartered in Colorado, decided to maintain its corporate headquarters at Aurora Corporate Plaza here.
PHOENIX-Demand for office space in the greater Phoenix area reaches levels not seen since 2000, a new study says. Absorption hovered at 400,000 sf to put overall vacancy at 20.5%, marking the third consecutive decline.
DALLAS-Heritage Capital, the rare coin dealer, stamps a 10-year lease for 43,050 sf or the top two floors of 3500 Maple Ave. in Uptown. The class A lease gets top billing for new deals in the submarket and lights long-dark space with a new lead tenant.
IRVINE, CA-Atlanta-based Wells Real Estate Investment Funds acquires the property from Koll Development Co. for an undisclosed sum. Industry sources put the sales figure at $45.5 million.
HOUSTON-The under-construction shopping center pre-leases the end cap to the North Bergen, NJ-based chain for its fourth location in the Houston area. The new center lands a 10-year tenant with the closing.
HOUSTON-Tesoro Petroleum execs agree to sell two abutting industrial properties to end an 11-month search for a buyer for one tract after a local church puts up an offer that includes a sale/leaseback for one year, with options to extend.