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NEW HYDE PARK, NY-Kimco Realty Corp., which owns and operates the nation's largest portfolio of neighborhood and community shopping centers, will acquire all of the outstanding shares of Mid-Atlantic Realty Trust for $444 million.
ORLANDO-Beat Kahli says growing traffic concerns and a lack of new roads in east Orange County convinced him the time was not right to proceed with re-development of the former 2,408-acre, industrial-zoned International Corporate Park into a mixed-use venture.
CONROE, TX-A Miami investor moves in for the close of the one-year-old holding, valued at $1.3 million. The capital play wins a 20-year tenant, Eckerd, at 910 W. Davis St., which was bought from the developer.
PHOENIX-The Phoenix investment group gets a 14,950-sf building leased for 75 years at 1840 W. Southern Ave. The retailer's locations are selling as soon as they hit the market due to the long-term leases.
WASHINGTON, DC-Change is afoot at the Kennedy Center for the Performing Arts as CarrAmerica Urban Development takes on the construction leadership role for the development of the facility's new plaza extension. The project entails the building of two structures totaling approximately 400,000 sf.
CORAL GABLES, FL-The general contractor for the class A office building here is Hoar Construction of Birmingham, AL. The project, which is set to be completed in the third quarter of 2004, is being developed by Hines.
BOSTON-Bain & Co. Inc. becomes the first anchor tenant at 131 Dartmouth St. the 11-story, 365,000-sf building that came online at the end of last year. The firm is relocating from nearby 2 Copley Place to 114,140 sf in this building.