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SAN DIEGO-Pan Pacific Retail Properties Inc. announces that total funds from operations jumped from $24.2 million for the first quarter of 2002 to $32.8 million for the same period this year.
MIAMI-The construction cost of the 30,000-sf facility, being built by Max Construction at 16101 W Dixie Highway in North Miami Beach, is $2.3 million. The society plans to keep its existing facility at 2101 NW 95th St. here.
WATERTOWN, MA-The Vinfen Corp. leases 8,025 sf at 400 Talcott Ave. The move represents an expansion in operations for the company, which specializes in adult-education training for disabled adults.
ST. AUGUSTINE, FL-Charles B. Lebovitz, chairman and CEO of the Chattanooga, TN-based firm, says the 261,110-sf, 92%-leased Cobblestone Village, 150 miles north of Downtown Orlando, is expected to generate an initial unleveraged return of 10%.
DENVER-Policy Studies is subleasing 37,000 sf from Qwest Communications and 10,000 sf from Modis Idea Integration at 1899 Wynkoop St. It won't be paying rent for the next 20 months though until their lease expires on their current space at Denver Place.
ATLANTA-Locally based Robert and Co. is completing conceptual plans that will be unveiled on May 15 for a 3,400-acre, mixed-use venture south of Hartsfield International Airport and near the fifth runway currently under construction.
PHOENIX-It took a lot of work for A&C Properties to negotiate a maze of city and neighborhood issues to build Sunnyslope Village Center. After turning a string of vacant storefronts into a thriving, award-winning retail center, the asset has been sold to a group of Scottsdale investors.
LA PORTE, TX-Lease Home Depot has signed on for more than 200,000 sf of sublease space at a LaPorte warehouse that was originally designed for hazardous materials.