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CLEVELAND, OH-Calling them non-core assets, the retail REIT sells five free-standing Lowe's, three other free-standing drug stores and three small multi-tenant shopping centers that were acquired in the company's recently completed acquisition of JDN Realty.
PHOENIX-After three years of ownership, Equus turns over the 43,847-sf asset, which was 95.5% occupied at sale time, to a Scottsdale-based limited liability company. The office building's location and strong tenant base shored up the decision to buy.
FRANKLIN, MA-Sontra Medical Corp. leases 13,000 sf of office space at 10 Forge Park. The medical products developer's move is part of the company's new focus on product commercialization.
ATLANTA-After scouting sites in Houston, Baltimore and Pensacola, FL, the Mariner Healthcare Management Co. has expanded its corporate headquarters and consolidated its locations into One Ravinia, an 18-year-old, 376,538-sf office complex in Perimeter Center.
LONDON-Detailed plans have been submitted by Rokscar, a joint venture between Scarborough Development Group and Rokeagle, for the development the 101,000-sf final phase of Southernhay Gardens, the last remaining prime office development site in Exeter city centre.
LONDON-Rugby Estates has joined forces with Bank of Scotland and Merrill Lynch Global Principal Investments to launch the London Industrial Partnership, specialising in industrial properties in the Greater London area.
CAMBRIDGE, MA-HMV Group Plc will close its 20,000-sf store at One Brattle Square in Harvard Square. The British music retailer is the victim of the difficult retail market and a lease that was signed in better times.
TACOMA, WA-Among other things, the Port of Tacoma's heavy industrial zone, which was renamed Port Maritime Industrial, now prohibits many non-industrial uses that were heretofore allowed, such as day care operations and R&D facilities.
HOUSTON-An executive suites operator re-ups 9,449 sf, again for the long term, to hold onto a 15-year location in the NASA/Clear Lake submarket. A DNA identification firm signs for 7,314 sf in the southwest submarket.