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PENNSVILLE, NJ-Owner Pennsville Business Center LLC has the asset, as well as up to 40 acres of excess land, on the market either for sale or lease. The building includes 14,540 sf of office space.
HOUSTON-After two years on the market, the 11918 Adel Rd. property passes from Houston Properties of California to N&S Construction Co., which will be relocating from the nearby town of Spring.
SAN DIEGO-Less than a month after the joint venture entity of Shelbourne Properties I Inc. and Shelbourne Properties II Inc. entered into a contract to sell the Century Park I office park, the JV sews up the transaction with buyer Cruzan / Monroe.
NEW YORK CITY-An umbrella organization representing 78 real estate, business and civic groups from the five boroughs gathered on the steps of City Hall Tuesday to call for the implementation of the Fair and Open Tax Act in New York City.
CHINO, CA-Red Robin and Cost Plus sign up for Vestar's Spectrum Towne Center, filling some of the last remaining spaces in the 800,000-sf power center. Red Robin's 15-year, 50,000-sf ground lease is believed to be worth $2 million over the term.
PLANO, TX-Hungry investors, limited available product and an expiring three-to-five-year hold strategy push the Hunt Properties' package to market. The no-ask package is expected to draw about $50 million due to market conditions, location and quality.
PHOENIX-A private investor from Rancho Murieta, CA, is now planning to upgrade the vacant space in a four-building complex along West Peoria Avenue as a leasing strategy for boosting the 85% occupancy.
PORTLAND, OR-Bedford Property Investors has hired a brokerage team from Grubb & Ellis to find tenants for a two-building 64,000-sf flex office project on 5.2 acres it acquired last fall near the entrance for $950,000.
CHICAGO-Jeffrey L. Johnson rejoins Equity Office Properties Trust as chief investment officer, a job he left to David A. Helfand in 1999 when he joined Lehman Brothers Holdings Inc.