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ATLANTA-The planned $21 million Collegetown at Harris Homes will also include an undetermined amount of office and retail space at the former Harris Homes public housing project which has been demolished west of the Georgia Dome. The overall project will cost an estimated $120 million.
ARLINGTON, TX-Black Millwork shifts its Great Southwest distribution center into 30,000 sf after its other address is sold, gaining 5,000 sf. Clearing renewals are Curry Printing, 15,971 sf in Euless, and Imperial Supplies, 20,287 sf in DeSoto.
SCOTTSDALE, AZ-The 65-year lease took eight years to settle, but now that it's done the Alter Group is negotiating with six retail chains and eight office users for a 186-acre development on the Salt River Indian Reservation.
SAN FRANCISCO-The three biggest deals include a new 33,000-sf, 10-year lease by United Way of the Bay Area, a 21,255-sf, 11-year renewal and expansion lease by Triage Consulting and a 21,462-sf, seven-year renewal by the engineering firm URS.
ORLAND PARK, IL-Mesirow Stein Development Services, New Frontier Cos., The Harlem Irving Cos. and Mid-America Investment & Development Co. will build a mixed-use, transit-oriented project at the northwest corner of LaGrange Road and 143rd Street.
DENVER-Apartment REIT reports an average occupancy of 92.7% and an average rent per unit of $700. All this equates to a net rental income of $90.6 million.
DENVER-The benefit of being on the edge of lower downtown was one reason noted for the lease renewal by Marsh USA and full-floor expansion by Mercer Human Resource Consulting, both owned by the same parent company.
PHOENIX-Arizona Office Technologies takes 28,000 sf at Opus Cotton Center, a 124,000-sf building that reaches 51% occupancy with the new deal. The goal is 100% by year's end, a feat that the brokers say is deliverable.