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NEW YORK CITY-Taking prime locations, Borders Groups has inked two new retail leases here. A 31,200-sf Borders superstore opened yesterday in Lower Manhattan, replacing its lost WTC shop, and Waldenbooks opened a 2,580-store in Rockefeller Center.
NASHVILLE, TN-An affiliate of Miami-based Savitar Realty Advisors pays $13.9 million for the former Samsonite manufacturing and distribution facility in Murfreesboro, a suburb of Nashville. The building was converted to a multi-tenant distribution center in 1998.
WASHINGTON, DC-The class A office tower being developed at 901 New York Ave. prepares to welcome another tenant upon its scheduled completion in 2004. Law firm Powell Goldstein Frazer & Murphy LLP preleases 85,000 sf in what will be a 530,000-sf building.
CHICAGO-A 600,000-sf building at 536 S. Clark St. housing various federal agencies will undergo a renovation that will create space for the Immigration and Naturalization Service, now operating in cramped quarters in the Central Loop.
ROSELAND, NJ-The shopping center REIT, which sold 1.2 million shares for $42.10 per share, will use the proceeds to repay unsecured loans tied to a recent outlet center acquisition.
COMMERCE, CA-The LA buyer acquires a fully leased, warehouse and processing facility at 2211 Tubeway Ave. in a 4,160-acre quadrant zoned for industrial use. The lone tenant is TW Metals of Exton, PA, a specialty metal distributor.
COSTA MESA, CA-A merger forces a decision about corporate offices, with ARV's facilities winning out. Atria's Louisville, KY, homeport holds onto some functions in a headquarters consolidation plan that will take nine months to complete.
IRVING, TX-Fidelity Information Services re-ups 3.5 years early as it shaves some space for an acquired division that's been a tenant at the Metroport Office Building since 1993. The official word is location is Fidelity's motivation to renew.
LAGUNA NIGUEL, CA-Tuttle Carpet One, a carpet and flooring specialist, acquires its 10,080-sf industrial facility at 27751 La Paz Rd. The firm has leased the building for five years from Voit Development Co.
ROSEVILLE, CA-The building is 100% leased. Tenants include Old Republic Title, Northwestern Mutual Life and Nutter Electric. The buyer is GRAM Properties LLC, a San Jose, CA-based investor.