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BOSTON-The area trails Washington, DC, Orange County and San Diego in Marcus & Millichap Real Estate Investment Brokerage Co.'s 2003 National Retail Index, moving up three spots from last year.
HOUSTON-Agribag signs a long-term lease for 32,500 sf at an industrial facility in the far south submarket. The San Leandro, CA, maker of mesh and woven agricultural bags also plans to open a manufacturing site in Tijuana, Mexico.
PONTIAC, MI-The now gutted 82-year-old downtown building will eventually feature a large atrium lobby, a community room, a jazz cabaret, a digital movie screening
DENVER-The Mayor pushes through a plan that allows the concessionaires at Denver International Airport to extend their current leases five to six years beyond their original expiration dates.
ATLANTA-Braden Fellman Group Ltd., headed by president Preston Snyder, signs Rail Runner NA Inc. of Atlanta to a three-year, 1,200-sf lease at the 109-year-old loft office development in the city's historic East Point district.
PHOENIX-A California investor, with multiple Arizona multifamily holdings, is swayed into selling the 22-unit complex by a broker with a first-time Phoenix buyer in search of a repositioning opportunity. The 80%-leased property met the requirement.
COLTON, CA-A Los Angeles buyer grabs the 109,000-sf asset from a Colorado seller, indicating the continuing demand for Inland Empire retail properties. Though the grocery store is dark, Vons' continuing lease payments makes it a 100% revenue generator.
PHOENIX-Main Street Capital Partners of Phoenix and DRA Advisors of New York City partner on the purchase of the 132,089-sf office building, the bulk of which is leased for the next 10 years to Chubb Insurance.