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ATLANTA-Sean B. McCourt, chairman of Ford Land, the real estate arm of Fort Motor Co., will head new industry initiatives, including Corporate Real Estate 2010, to prepare real estate executives for the networked world of the future.
WEST LOS ANGELES-Birtcher Properties takes Atria West's deed from Weyerhaeuser Mortgage. The development has two large buildings and four bungalows, with a tenant roster that includes two record companies.
TAMPA, FL-The largest and richest consumer market in Florida boasts a low 6.8% vacancy mark in the last two quarters with net absorption of 278,326 sf. Investors are clamoring for non-grocery-anchored strip centers in a strong location.
GLEN BURNIE, MD-The Cromwell Business Park gets a new tenant as Sleep Services of America signs on to occupy a 10,000-sf office/warehouse space within the building at 890 Airport Park Rd.
MIAMI-The space is being used for Gribetz Manufacturing, a wholly owned subsidiary of Leggett & Platt. The company, which renewed the lease short term, occupies another 65,000 sf in the same park in Sunrise, FL.
DENVER-Nobel/Sysco Food Services' move to Forest City at Stapleton will keep 800 jobs in Denver with plans for 200 more and is expected to provide $7.5 million in tax revenues over the next five years.
MIAMI-The locally based contractor will convert the 34-year-old former Victorian Plaza office building into a 239-unit condominium community. The firm's projects have included the St. Moritz Hotel and 5600 Collins.
CHICAGO-The coffee purveyor will open its first Chicago coffee shop in a predominantly African-American community at 7101 S. Stony Island Ave., a 1,620-sf store with a drive-through co-developed by Skokie-based Terraco Inc. and (Earvin) Magic Johnson's Los Angeles-based development company.
HOUSTON-Koll Bren Schreiber Realty fills the 68,210-sf office building in the northwest submarket after a tenant adds 1,407 sf. The leasing team has been working a recovery plan after occupancy plummeted to 57% in January 2002.