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BERWYN, IL-The hospital sheds four buildings on 1.45 acres to HSA Commercial Real Estate's PrimeCare division for a reported $15 million, representing a trend of health care companies exiting real estate ownership.
DALLAS-The Brookhollow tenant re-ups for the short term while the search continues for another location. In Carrollton, a three-year tenant says "yes" to a deal with an expansion promise that was too good to pass up.
PEMBROKE PINES, FL-The 15-year-old plaza is an investment to buyer Capriccio Plaza LLC of Palm Beach County. PJB Management Inc. of Miami sold the 37,289-sf shopping center for approximately $130.06 per sf.
SCOTTSDALE, AZ-If all goes as planned, council will decide tonight if a Wal-Mart Supercenter and the usual followers get to rise on a 42-acre site that's considered the gateway to the city. The debate has focused on a $36-million subsidy to the developer.
BETHLEHEM, PA-The Mid-Atlantic office of Minnesota-based Opus Group acquired two contiguous parcels totaling 43 acres here for construction of three 235,000-sf buildings and 52 acres in Mercer County, NJ, for one 700,000-sf warehouse. Land and development costs exceed $55 million.
STANFORD, CA-Developed and owned by Stanford University, the 1.3-million-sf open-air mall is one of the most successful regional malls in the nation, with sales per sf of $600 in 2002.
HOUSTON-The CBD backslid 345,000 sf while four suburban submarkets made a gain of 600,000 sf, Trione & Gordon's Q2 research shows. The good news for the CBD, now shouldering a 17% vacancy, is construction has come to an end.
NEWPORT BEACH, CA-The Prudential Financial unit renews, consolidates and restructures in six Southland locations to take advantage of market conditions. Based on the going rates, the deals probably have an aggregate value of about $17 million.
HOUSTON-Southern Corrugated Box strikes a 10-year deal with its longtime building owner, ProLogis to take over the Wingfoot Distribution Center, where a recently terminated lease provides needed expansion room for the box manufacturer.