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ATLANTA-One of metro Atlanta's largest shopping centers with about 150 shops and 1.2 million sf of retail space is scheduled to receive its second renovation in three years but there's a hitch, according to a published report--the empty Macy's building owned by Cincinnati-based Federated Department Stores Inc.
PLANO, TX-The top name's criteria limited the search, but drove a deal with "a solid market rate," the broker says. The winning location, with a must-have front-load design, is 2601 Resource Dr. The building owner gets the first backfill for a 59,000-sf structure.
ODENTON, MD-La-Z-Boy Inc. relocates its regional warehouse and distribution center to a 168,000-sf space at 1791 Crossroads Dr. Space in the area leases for anywhere from $3.50 to $4.95 per-sf. The relocation will bring about 150 jobs to the area.
ELGIN, IL-The company moves from 42,000 sf at 1925 Holmes Rd. to 51,849 sf at 2587 Technology Dr. this summer in a five-year deal with Interstate Partners, developer of the 375-acre industrial park.
CHICAGO-Brink's relocating to California Avenue Business Center will help the city retain 275 jobs and stimulate badly needed economic growth in a neighborhood that's had its share of problems attracting employers.
SEATTLE-The Dallas-based construction firm will provide general contracting services for an expansion project for the biopharmaceutical company that will be used for additional laboratories and offices.
ONTARIO, CA-R&B Wholesale spends $4.1 million on the Milliken Commerce Center industrial building at 4200 Mission Ave., which is being used for the corporate headquarters and distribution point for three states.
SOMERVILLE, NJ-The new owner of the troubled downtown retail strip wants to add more than 73,000 sf of office space and 265 rental apartments to the site.