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LONDON-Forum Three, the Prudential's new 48,600-sf speculative office development on the Solent Business Park near Fareham, Hampshire, has been let on practical completion to TML The Mortgage Lender.
RESTON, VA-Developer Terrabrook shuts down rumors that it is considering divesting in the Washington, DC region. The company tells GlobeSt.com that it is not currently marketing its interests in its two Reston Town Center buildings.
LONDON-Castlemore Securities added to its investment portfolio with the pounds 39 million ($62 million) purchase of a mixed-use portfolio from REIT Asset Management. The deal shows an initial yield of 7.5%
PORTLAND-Intended uses of the incentive funds include a wide variety of expenditures, ranging from infrastructure needs (such as sewer or water extensions), to permit fees, tenant improvements and site acquisition.
COCONUT CREEK, FL-West Creek Commons totals 58,549 sf and cost about $10 million to build. The center, which is 96% leased, is anchored by a Publix supermarket.
ATLANTA-The former Georgia Tech University quarterback, who heads locally based Dewberry Capital Corp., acquires about a half acre (21,780 sf) at the northeast corner of 19th and Spring streets near a Peachtree Street site where he plans to erect two office towers, two high-rise condo communities and a 600-unit apartment complex, according to preliminary plans filed with local government departments.
HOLLYWOOD, FL-The previous lease was bought out, and the airline caterer, forced to find a new location quickly because of eminent domain issues, inked a deal for the 55,000-sf space. The deal is estimated to worth at least $2.39 million.
ORLANDO-Trammell Crow Co.'s senior vice president and Florida director of retail services will work with a 10-executive team on strategies for clients across the country.
FORT WORTH-Atlas Imaging & Diagnostic Center gets the keys early to a 10,346-sf office building in a seven-year lease that starts ticking Aug. 1. The startup's building of choice fronts Interstate 30 and has ample parking area for a portable imaging center.