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KING OF PRUSSIA, PA-The telecom provider inks a lease for the entire three-story building at 2100 Renaissance Blvd. Lease terms are undisclosed. Three suburban brokers concur; the rate is probably between $23 and $25.50 per sf.
CHICAGO-The asking price for 555 W. Jackson Blvd., acquired by Chicago-based WLR Investments in 2000 after a foreclosure sale, was less than $83 per sf.
CHICAGO-American Invsco has sold 65% of the 185 units being created at the corner of Dearborn Street and Delaware Place, with sales averaging $275,000 per unit.
DEL MAR HEIGHTS, CA-The business and real estate practice of Allen Matkins Leck Gamble & Mallory LLP has expanded its presence in North San Diego County, having officially opened a new office in Del Mar Heights yesterday.
PISCATAWAY, NJ-Gaffney-Kroese takes the building off Mini-Micro's hand in a transaction brokered for the two supply companies by Newmark of NJ and Bussell Realty.
MADRID, SPAIN-Goldman Sachs' Whitehall Fund and Lar Grosvenor sell Paseo de la Castellana 280 to Metrovacesa SA, one of Spain's largest property companies. The 10-year-old property is situated opposite a planned development that will include a new major hotel and a Sports Pavilion to assist in Madrid's bid to host the 2012 Olympic Games.
BURLINGTON, MA-National Development is moving ahead with plans to build the town's largest residential project in nearly two decades on a 70-acre former sand and gravel pit.
NEW YORK CITY-JRT, which has more than five million sf of office and industrial space in its portfolio, has formed a strategic alliance with Cushman and Wakefield and Concordis Real Estate.
PHOENIX-Rieskamp Equipment signs a five-year lease for 10,088 sf that allows it to blend detergent. The move brings about 4,000 sf of extra operating space and keeps the employer within miles of its old address.