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DENISON, TX-The city pays $725,000 for the 85,000-sf building on 62 acres and will spend $1.8 million to renovate it for a 10-year tenant who's looking to occupy Jan. 1. Seller ConAgra shut down the plant three years ago.
BALTIMORE COUNTY-Three apartment communities find three different new owners in a recent deal totaling $66.3 million. The Town and Country Trust's decision to sell the properties is reflective of the company's plans to infuse its portfolio with newer communities.
WESTBOROUGH, MA- Acquisition financing totaling $33 million is nailed down for the four-building, 372,679-sf Westborough Office Park. Holliday Fenoglio Fowler LP arranged the financing for Windsor Realty Fund-IV.
HOUSTON-The Atwood Oceanics building in Park Ten has sold to an out-of-state investor for close to its asking price of $4.75 million. The building was sold by Houston's Insite Realty.
PHILADELPHIA-The hitch is: PIDC's plan for the vacant, nearly 100-year-old mental institution that has become a popular Halloween haunt, must be community approved by mid-January or the state gets it back. Cleanup and building demolition will cost $15 million.
GREAT NECK, NY-A two-for-one stock split has been approved by United Capital Corp.'s board of directors in an effort to increase the number of outstanding shares from 4.55 million to 9.1 million.
NEW YORK CITY-The Barbizon School of Modeling is leaving its current location at midtown's Pennsylvania Hotel, where it has been a tenant for 16 years.
LIVINGSTON, NJ-Gebroe-Hammer Associates arranged the transactions, which encompass three apartment properties totaling seven buildings in three cities.