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RED BANK, NJ-The 12,000-sf building, built early in the 20th century, will return to its educational roots--it was originally an elementary school in the local public school system.
DENVER-With a mind toward expanding even further in various markets worldwide, locally based ProLogis promotes several key executives to new positions of international responsibility.
ATASCOCITA, TX-Vista Equities gets a 98%-occupied structure with a tenant roster that includes Bank of America, Degussa Engineering and Nutech Energy. The suburban property is assessed at $2.5 million.
JACKSONVILLE, FL-In the largest deal of its kind in Florida this year, Citicorp Credit Services Inc. plans to break ground this fall on the first building in a $75-million construction to house its administrative and production segments.
LONDON-Six Continents, the world's biggest international hotel chain, has successfully fought off a hostile bid after shareholders backed management plans to split the business in two.
HOUSTON-Aveva Inc., a Westchase submarket tenant, is eyeing a relocation in the second quarter to a class A office building in the same neighborhood. The Highlands Insurance Building wins the medium-term lease.
TEMPE, AZ-The Southwest Corporate Center's location, fully leased status and assumable financing package make for a relatively quick sale. The 73,374-sf building sits on 3.6 acres near Interstate 10 and Sky Harbor International Airport.
ORLANDO-Brad Chrischilles moves up from senior associate in Trammell Crow Co.'s Jacksonville, FL office. In Orlando, associates Amy Young, Gregg Ickes and Paul Reynolds also are bumped up to senior associate status, as well as Tim Kilkelly in the Tampa office.
BURLINGTON, MA-The Joseph R. Mullins Co. gets the green light to build a 250-unit apartment complex on a 31-acre parcel off Pearl Street. The project is being developed under the state's Chapter 40B affordable housing law but is being built with the town's input.