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CAMBRIDGE, MA-SMaL Camera Technologies leases 18,382 sf of office space at 10 Wilson Rd., a deal that is indicative of the local market where sublease space continues to drive up availability rates.
PHOENIX-The division gets a larger office in a relocation from 444 N. 44th St. to 5555 E. Van Buren to accommodate the rapidly expanding staff, which has added 30 professionals since the year's start. The move takes place later this month.
MELBOURNE, FL-The Seattle-based bank plans to open an $8.4 million financial services center in first quarter 2004 that will be staffed with about 600 workers, Brevard County planning and development staffers confirm to GlobeSt.com.
VIRGINIA BEACH, VA-A $37 million sale-leaseback transaction by W.P. Carey for a distribution center for Lillian Vernon Corp. helped facilitate Ripplewood Holding's purchase of the national catalog and online retailer.
MIAMI-Healthy employment gains are expected to fuel improvements in the market, according to a recent South Florida Office Market Research Report by Marcus & Millichap.
PHILADELPHIA-With this renewal for an additional 15 years, the 53-story trophy office tower at 1735 Market Street secures 98% occupancy. Newton, MA-based HRPT Properties Trust is the owner. The aggregate value of the lease is in excess of $35 million.
EAST RUTHERFORD, NJ-The state's economic fundamentals might be soft and in transition, but investment sales have continued at a brisk pace, according to a top C&W broker.
BEDFORD PARK, IL-The building located on 8.2 acres at 5001 W. 66th St. will be redeveloped for use by multiple tenants after being sold by the London-based food packager for $2.35 million.
WASHINGTON, DC-Advantis Real Estate Services Co. brings in industry honcho Daniel M. Dillon to occupy the position of director of management services for the greater Washington, DC region.
COCONUT GROVE, FL-The submarket has been considered very successful for several years, so tenants quit looking for space because the area was known for not having it. Now, new space in the submarket and relocations have contributed to the vacancy hike, which has spawned renewed interest in locating there.