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SYDNEY, AUSTRALIA-Concurrent with the company's announcement of a major retrenchment, Jill Ker Conway steps down as chairman and director after 11 years with the company and non-executive director David Crawford is appointed interim chairman.
PLANO, TX-Verizon finds a taker for 38,400 sf for the 90-month balance of its commitment in build-to-suit space that it never occupied. The deal was sweetened with perks such as $150,000 of furniture and less than $7.50 per sf net rent.
ATLANTA-Locally based Rare Hospitality International Inc. promotes David C. George, a seven-year professional at RARE who was serving as senior vice president of operations for the LongHorn division since October 2001.
MANHATTAN BEACH, CA-Keller Williams Realty and Tradewinds Escrow take a combined 8,000 sf of second-floor office space in a Pan Pacific building along Sepulveda Boulevard. Each sublease runs for two years and has a $200,000 price tag.
ALLENTOWN, PA-In three separate transactions more than 43 commercially zoned acres in the valley changed hands. One buyer plans a drug store and other retail units at seven-acre Fogelsville Commons, another picks up a 35-acre parcel in Forks Township.
CHICAGO-Aliso Viejo, CA-based Enfrastructure Inc. acquired TechSpace a year ago. As Realcomm 2003 opens here today, the company that offers computer hardware and software at its office campuses announces its new name will be TechSpace.
CHICAGO-The pharmacy giant agrees to a 40-year lease for 11,199 sf at the base of Prime Group Realty Trust's Bank One Corporate Center at 131 S. Dearborn St. Another 100,000 sf of retail space, as well as 500,000 sf of office space, remains available.
QUEEN CREEK, AZ-In a direct deal between buyer and seller, the 18-hole Las Colinas Golf Course has changed hands. The 150-acre course is part of the 1,700-lot Villages of Queen Creek on Phoenix's metropolitan fringe.
COCONUT GROVE, FL-The $6 million project here involves converting two floors of retail into class A office space. It is almost 40% leased to two tenants: Crispin Porter + Bogusky, which just moved into 42,000 sf, and Swerdlow Real Estate Group, which is relocating into 6,300 sf.
MARLTON, NJ-Company officials say South Jersey's low vacancy rate makes it the right time for the new facility, the first of twin class A buildings that will add a total of 175,000 sf to the market.