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KEARNY MESA, CA-Kelco-Wells LLC acquires the 35,840-sf building, which is part of the CP Kelco corporate campus. The buyer plans to hold the office asset as an investment.
ATLANTA-Developer Jeff Kingsfield asks the county's planning and development department for a green light to build up to 32,000 sf of commercial space and 1,096 single-family residences and townhomes in northeast Paulding County.
TACOMA, WA-The Albers Mill building, Marriott Courtyard hotel, Rainier Pacific Bank building, Ted Brown Music building and Fraternity Hall projects will all receive a portion of the tax credit allocation.
PARSIPPANY, NJ-The real estate firm bumps its New Jersey office space up to 18,600 sf with the signing of a long-term deal at a Reckson-owned business campus in Morris County.
VANCOUVER, WA-LaClede Chain Manufacturing is moving from a PacTrust-owned building on Northwest Yeon Avenue in Portland to Schnitzer Investment Corp.'s Columbia Business Center in Vancouver, WA, in part to avoid Multnomah County's corporate excise tax, according to a broker involved in the transaction.
COLUMBUS, IN-Schostak Brothers & Co. of Southfield, MI, sells the Fair Oaks Mall it developed in 1990 to a New York-based private investor for $47.60 per sf. Located 40 miles south of Indianapolis, the mall was approximately 89% leased at the time of sale.
TEMPE, AZ-The insurance company will move into 165,000 sf in January in a 10-year lease to become one of the biggest tenants in Allred Cotton Center. Several Valley offices will be brought under one roof, with enough space for another 400 employees.
MARION, VA-General Dynamics Armament and Technical Products decides to relocate its DeLand, FL-based Resin Transfer Molding operations to the company's operations center in Smyth County, VA.
HOUSTON-Sterling American and BH Management buy their fourth and largest Houston multifamily asset, the Park on Voss at the edge of the Galleria. The duo will put up $4.9 million for upgrades and then raise the average monthly rent by nearly $100.