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BENSENVILLE, IL-The largest of four sales is a $2.8-million acquisition of a 72,000-sf building at 1004-06 Fairway Dr. by candy maker Doumax. A 50,000-sf building at 1460-64 Industrial Dr. in Itasca sells for $2.65 million.
DETROIT-The internationally-known restaurant makes first foray into Michigan by signing on to open this year in new Compuware headquarters in heart of Downtown.
ATLANTA-The new BellSouth office complex next to the Lindbergh MARTA station is bringing in $1 million a year and is expected to grow to $7 million by 2010 as the development increases projects on its 99-year land lease.
LONDON-The second major proposal in the last six months for Belfast city centre has been unveiled. Brunswick has submitted plans for a 250,000-sf mixed scheme on the eastern side of Royal Avenue.
ORLANDO-Kent Buescher, president and CEO of Wild Adventures in Valdosta, GA is interested in buying the 223-acre, 67-year-old Polk County attraction, but so is Gov. Jeb Bush and his Florida Department of Environmental Protection.
BOLINGBROOK, IL-The economy might be tepid, but there are signs of life in some markets, especially in places where tenants are willing to take advantage of leasing opportunities. In the southwest and western suburbs, companies have taken about 650,000 sf in deals arranged recently by C&W.
AURORA, CO-The Aurora Mall is getting the most extensive makeover in its 28-year history, with a new Dillard's and a completely revamped Foley's in the works. The retooling of the Simon property will come in two phases over more than two years.
SAN DIEGO, CA-Allegiance Financial Services, the mortgage brokerage and escrow company, renews its contract for 8,655 sf in the Westcore Corporate Center and also agrees to lease an additional 1,549 sf here.
LOS ANGELES-With the closing of its $200M fund due soon, Legg Mason Real Estate Investors plans a new value fund that targets assets in secondary and suburban markets. The fund will be offered in the summer and fall.
VIRGINIA BEACH, VA-The 430-unit multifamily property known as Chase Arbor Apartments gets a new owner in a $33-million deal. A UBS Realty Advisors client sold the property to Edwin A. Joseph, whose company will assume management responsibilities.