LAKE WORTH, FL-Depot Center LLC of Boca Raton, FL, paid LWOD Ltd. $85.02 per sf for the 55,457-sf retail center here. The 98% occupied center was built in 1976, and the new owner is planning a substantial renovation.

COLUMBIA, MD-Office REIT Corporate Office Properties Trust parts with 5.3 million common shares of beneficial interest in exchange for a $79.5 million profit. Some of the proceeds will be used to buy a 400,000-sf office property.

DALLAS-Brian Cheek, one of a handful of VPs at Grubb & Ellis' Dallas office, has headed to a seven-month-old commercial real estate company as the EVP. He's now courting the Dallas-Fort Worth ranks to build the team.

GLENDALE, AZ-Custom Production Woodworks is planning to relocate the shop in July from another Glendale location. The twin buildings, vacant for about a year, previoulsy housed Southwest Specialty Food Co.