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PHOENIX-The just-closed lease covers 5,000 sf of warehouse space, 1,000 sf of office area and more than an acre of yard space, a perfect mix for the custom deck contracting business. The tenant comes forward within a month of the property being listed.
MIAMI-Yosi Gil will oversee sales and marketing for J. Milton & Associates' two condominium developments planned for Sunny Isles Beach, FL. Both the 30-story, 90-unit Sayan and the 14-story, 88-residence King David are scheduled to break ground this summer.
LONDON-Hammerson has reduced its exposure to the office sector by selling two Central London office buildings to the German open-ended fund CGI, raising pounds 192 million.
MT. OLIVE, NJ-With all approvals in place, the developer will break ground shortly on a complex targeting medical and professional users. It's located adjacent to a senior living community.
ESCONDIDO, CA-Pan Pacific Retail Properties Inc. acquires the 231,000-sf retail asset from an entity of Hager Pacific Properties. Anchored by Vons, Sav-On Drugs and LA Fitness, the complex is currently 90% leased.
MIAMI-Fortune International has been selected to be the exclusive sales and marketing company for the 239-unit condominium conversion project, and Max Kaiser has been named its project manager.
CHICAGO-The city department will pay $7 per sf on a gross basis through 2004 for 19,718 sf at 2296 S. Archer Ave. Meanwhile, the city sells 1.5 acres in Pilsen for $416,700 for a parking lot to serve a neighboring industrial building.
CARLSTADT, NJ-The Paige Co.'s new space encompasses both office and warehouse facilities within Russo Development's 65-acre Russo Business Campus. C&W and NAI/Hanson arranged the transaction.