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MESA, AZ-The 14,590-sf store opens doors later this month with a Colorado investor's name on the deed. Walgreens' 25-year lease, with dual 25-year options, at 2024 W. Main St. brought a sale before ground could break.
OAHU, HAWAII-The US Army chooses Actus Lend Lease as its partner for the renovation, replacement and privatization of thousands of units of military housing on Oahu. The 10-year development scope is valued at approximately $1.8 billion; total revenue expected over the 50-year term of the project is $5 billion.
SEATTLE-Black Lowe & Graham takes 14,495 sf and Abbott Davis Rothwell Mullin & Earle takes 5,282 sf, taking occupancy at Equity Office Properties' 1.5 million-sf landmark Downtown tower to 76%.
SAN FRANCISCO-Net income for the second quarter of 2003 was $19.3 million, compared to $33.6 million for the same period in 2002. Net income for the six months ended June 30, 2003, was $42.7 million, compared to $65.1 million for the same period in 2002.
WEST CHESTER, PA-The company will occupy 100% of the 102,360-sf office/lab/warehouse facility at 200 Lawrence Drive here, owned by Berwind Property Group, for
ATLANTA-The largest of the five transactions was the three-year, 75,270-sf warehouse space extension by Standard Distributing and Supply of Georgia Inc. at a property owned by JH Holdings Ltd. at 6684 Jimmy Carter Blvd. in nearby Norcross.
LISLE, IL-The Dallas-based REIT paid more than $30 million last quarter for two office buildings here, its only second-quarter acquisitions. Both buildings, totaling 184,000 sf, were fully occupied in a submarket where vacancy stands at 22.4%.
FORT WALTON BEACH, FL-The largest enclosed regional shopping center on the state's northwest Emerald Coast went for $52 million, or $69.33 per sf. Montgomery, AL-based Jim Wilson & Associates sold the 27-year-old, 750,000-sf property.
MIAMI-Monroe's Prestige Group Inc. and the 127th Street Shopping Center Inc. also will redesign the 167,000-sf, Publix-anchored retail and office property, at 12700 Biscayne Blvd. The property was developed in 1959 and will undergo changes over the next year.