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MIAMI-The Illinois paper products distributor's lease is a 10-year renewal for 151,500 sf of industrial space at the Meridian Business Campus in Weston, FL. The lease value equates to approximately $4.75 per sf.
UPLAND, CA-The 110-acre Colonies Crossroads is a joint venture of Colonies Crossroads Inc. and Pacific Development Group. Construction on the 550,000-sf, first phase starts in September. Anchor announcements are forthcoming.
WEST PALM BEACH, FL-Lisa A. McKeon, who specializes in luxury condos, is heading up sales at the $55 million condominium project slated to break ground here this August. Judith Aqez is the new sales associate for the property.
PALO ALTO, CA-Hyatt Hotels Corp. has invited public comment on its proposed $100-million redevelopment of the 40-year-old Hyatt Rickeys hotel in Palo Alto, which will increase the hotel's size by 23%.
ALVARADO, TX-The Whataburger franchisee, with a penchant for small towns in North Texas, buys and immediately breaks ground on the 35,000-sf pad site. Key to the decision is the location in a "niche fast-food market" with a front row seat along Interstate 35.
ATLANTA-The 28-year-old, privately held Woodstock, GA-based builder posted 2002 revenue of $244 million on 1,872 sales versus the 46-year-old, publicly traded, Los Angeles-based company's sales of $5 billion on 25,565 shelter contracts.
FLORHAM PARK, NJ-The deal represents 37 properties totaling 4.9 million sf encompassing the UBS Paine Webber/Morgan Stanley portfolio, acquired from Chubb Insurance back in 1997.
CAMBRIDGE, MA-The Law and Economic Consulting Group, LLC re-ups its lease for 13,653 sf at University Park at MIT located at 350 Massachusetts Ave. The Emeryville, CA-based company signed on for another seven years at this location.
BALTIMORE-Development of a new Giant Food Store is underway as officials gather to break ground on the $14-million project. The 60,000-sf full-service market will be located in Waverly Crossroads and is on schedule to open by the end of this year.