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ARLINGTON, VA-Rosslyn Gateway makes a portfolio jump from Trizec Office Properties Inc. to the JBG Cos. For JBG, the deal marks a re-acquisition, as the company had owned the two-building, 253,000-sf office complex before handing it over to Trizec in 1998.
DALLAS-The ground war's start triggers security concerns in commercial buildings all across the US. Dallas-Fort Worth owners waste no time in tightening access and adding more guards to do their part in the heightened alert.
CHESAPEAKE, VA-Expansion is in the air here as Hudd Distribution Services Inc., a logistics support provider, expands its distribution facility from 225,000 sf to 305,000 sf. The project is expected to reach completion by the end of this July.
RIVERSIDE, CA-Transcan Development, based near Oakland, is working on entitlements for the 84-acre Canyon Crossings at Canyon Springs, an entertainment and retail center planned at the junction of I-215 and the 60 Highway.
ARLINGTON HEIGHTS, IL-Corrugated boxes and packaging manufacturer H. Field & Sons Inc. pays $38 per sf for 2605 Clearbrook Dr. and gets a class 6(b) property tax incentive that could be worth $500,000 over the next 10 years.
PLEASANTON, CA-Pleasanton's office market does not appear to be improving this quarter, as evidenced by a recent sublease agreement that was negotiated at about 40% less than 2002's year-end average rate.
WHITTIER, CA-The buyer of the Villas Los Pinos apartments gets a circa 1959 complex with some rents up to 30% below market and has already begun work on an extensive rehabilitation of the property.
CHULA VISTA, CA-The 5.3-acre park, which is slated for completion in September of this year, is rising in the Otay Ranch master-planned community known as McMillin Lomas Verdes.
INGLESIDE, IL-The company is relocating from nearby Libertyville, and found 30-foot clear ceiling height in A&D Investment Corp.'s 44,500-sf building at 27781 Concrete Dr. In central Lake County, Des Plaines-based Rainbow Graphics pays $600,000 for 4.5 acres at 933 Tower Rd. in Mundelein.
MOORPARK, CA-The operators of the new motorcycle sales franchise sign a five-year lease, ticketed at $750,000, for a 19,000-sf building at 6190 Condor Dr. Clothing, accessories and parts will be put on display along with the bikes.