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SHANGHAI, CHINA-Denver-based ProLogis, the world's largest industrial REIT, continues its foreign expansion by opening an office in Shanghai, China and forming an Asian Advisory Committee.
SAN DIEGO, CA-PETCO Animal Supplies Inc. purchases a nine-acre parcel and two facilities encompassing around 86,000 sf at 8945 Rehco Rd. in the Sorrento Mesa area of San Diego. Company officials say the acquisitions will more than double the size of PETCO's national headquarters campus.
HOUSTON-Broemer & Associates will change addresses, but stay in the Greenway Plaza submarket. The firm signed a medium-term lease for 3336 Richmond Ave. The office is being prepped for a May occupancy.
COLORADO SPRINGS, CO-With the economy slow and unemployment up, these are sluggish times for the multifamily market in Colorado's second city. But there are some signs of hope.
TINLEY PARK, IL-The Threshold Center here, and a smaller retail center in the nearby southwest suburb of Midlothian, have sold for a combined $2.87 million in separate deals brokered by Inland Real Estate Sales Inc.
BOSTON-Trinity Financial Inc. relocates to 40 Court St. The real estate development firm is moving from Golf Street to this 12-story 115,000-sf building owned by Paradigm Properties located in the heart of the city's financial district.
COSTA MESA, CA-The buyer and the seller are both local, as is often the case with industrial deals in the region. The 19,271-sf multi-tenant building sits on 1.4 acres along North Harbor Boulevard.
LINDEN, NJ-Stymied in his efforts to build a Nascar facility in the Meadowlands, developer Morton Salkind and his Liberty Speedway Inc. have taken their concept 15 miles down the NJ Turnpike.
CHERRY HILL, NJ-The printer manufacturer will occupy the space in a First Industrial Realty Trust-owned building, moving its South Jersey distribution center here from a nearby location.