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MCLEAN, VA-Computer & Hi-Tech Management Inc. saves a bundle as it renews and expands its lease on office space in the building at 7926 Jones Branch Dr. The information technology firm consolidates three separate leases into one 18,000-sf package deal.
LONDON-Rental growth in the Scottish commercial property sector has tuned negative, according to the latest Insignia Richard Ellis Scottish Quarterly Index. But the office market north of the border is still outperforming the UK as a whole.
DALLAS-The creditworthy tenant is settling into the class A space after setting off a bidding war that lasted nearly a year among Dallas CBD building owners. The hot pursuit was tied to a 10-year lease, with a top name and reputation for staying put.
NORTH MIAMI BEACH-The figure increased from $10.7 million in first quarter 2002 to $17.3 million in the same period this year. Net income decreased from $13.3 million to $12.3 million from the 2002 quarter to the 2003 quarter, while total revenue climbed 49.9%.
BROOMFIELD, CO-Looking for lower labor and real estate costs, a California high-tech firm decides to relocate to this suburb north of Denver. It has inked a long-term lease here in a building former occupied by Sun Microsystems.
REYNOSA, MEXICO-In conjunction with the lease and start-up of a 100,000-sf manufacturing plant on this border town near McAllen, TX, Andrew Corp. of Orland Park, IL is in the process of shuttering a plant near the top of the state in Denton, TX.
GUADALUPE, AZ-Two of the three inbound tenants are newcomers to Arizona, molding industrial leases at the newly built Guadalupe Commerce Center. The third lease brings a relocation from Chandler.
WEST WINDSOR, NJ-The organic foods retailer will take over space occupied by a Pathmark supermarket and a Zany Brainy store until recently at the Shops at Windsor Green.
DETROIT-Marcus and Millichap is marketing two retail sites, a 39,710-sf shopping area in Novi and a 46,380-sf retail site in Redford, for more than $10 million. Both properties have national and regional anchors and stores.
PHOENIX-Phoenix Presentations puts a newly bought building at 100% occupancy with the long-term signing to get space closer to its customer base. The 71,960-sf industrial building, with six tenants, is located at 2255 W. Desert Cove Ave.