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CHICAGO-McDonald's continues its expansion in a 30,260-sf lease deal in southwest suburban Evergreen Park, while the market gets a third Fox & Hound Smokehouse as a result of a 9,600-sf deal in northwest suburban Arlington Heights.
NEWARK-The former First Fidelity building, vacant for nearly six years, moves into Heritage Management Co.'s portfolio. Owner Investment Properties Association had held out for $13 million for the 190,000-sf asset until market conditions dictated otherwise.
ATLANTA-The estimated $100 million, 1.14-million-sf venture by Cincinnati-based North American Properties expects to open the first 750,000-sf phase at 100% occupancy on 145 acres at Interstate 285 and Camp Creek Parkway in southwest Fulton County.
HOUSTON-Gulf Interstate Engineering corners the naming rights for the 119,000-sf office building, now being called Gulf Plaza, as part of the seven-year deal for three floors of office space on its way to a class A ranking.
PHOENIX-A local buyer tops the field of 10 with an offer just a bit short of the asking price. The 68%-leased, two-building complex now will be primed for a makeover while brokers ramp up a leasing drive to fill the balance of the 85,324-sf asset.
CLACKAMAS, OR-JBH Company's 123,000-sf 224 Corporate Center was delivered in spring 2002 and remains fully available. The company's 62,000-sf International Plaza will be delivered this summer. Leasing efforts have been handled in-house until now.
BALTIMORE, MD-The Staubach Co. shines its light on the City of Baltimore with the opening of a new office in the city's central business district. Two industry heavy-hitters will head up the new locale, which will start out focusing on the industrial market.
LOS ANGELES-The Hospital Association of Southern California renews and expands its headquarters in Downtown LA to take the total commitment to 20,000 sf. The 10-year lease is tagged with a $5-million value.
DEDHAM, MA-The Hebrew Rehabilitation Center for the Aged wants to develop a 570,000-sf "intergenerational campus" on a 157-acre parcel here. The project involves 230 units, an elementary school and a daycare center.
DETROIT-A two-story center will replace the Allied Film and Video Building. It will include youth-orientated activities as well as space for 10 non-profits. The $12.5 million development funds that are needed will come from donations.