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WEST PALM BEACH, FL-BAP Development Inc. expects the $55 million, 246-unit, eight-story luxury project to be delivered by December 2004. Prices start at $210,000, and the project is more than 82% sold.
HOUSTON-A Houston investment group, making its first buy, takes title to a 27,250-sf office building in the Kingwood section of North Houston. The asset "didn't fit" the sellers' future plans, the broker says.
FAUQUIER COUNTY, VA-The 695-acre mixed-use development known as Vint Hill becomes the stomping grounds of Athena Technologies Inc. with the advanced flight control systems manufacturer's lease 13,500 sf of space.
BLOOMINGTON, MN-United will be lead partner in a ChainLinks effort that includes a variety of Twin Cities law, architecture, landscaping, contracting and engineering firms.
LONDON-Jersey-based UK retail fund, Hercules, has acquired Phase 1 of the Prospect Place retail park in Dartford, Kent from Pillar Property for pounds 36m ($57m). Hercules will also buy phase 2 of the 134,000-sf scheme on completion in spring 2004.
HOUSTON-Idea Integration moves into 15,245 sf and NJB Management takes over 7,736 sf after cutting class A office deals with Hines in dual exits from 5 Greenway Plaza to make way for a previously reported lead tenant's expansion.
CARROLLTON, TX-BroadTech takes 16,955 sf while Global Net occupies 9,356 sf, both three-year leases for First Industrial buildings in Valwood. A longer-term lease, 7,500 sf, is penned for a Proterra Properties' site in Irving.