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BOSTON-Batterymarch Financial Management Inc., an independent subsidiary of Legg Mason Inc., extends its 24,128-sf lease in the John Hancock Tower on a long-term basis. The 60-story tower was put on the market a few months ago along with two other buildings in the Hancock portfolio.
MESA, AZ-The 18-location clinic has taken 17,760-sf at 2610 E. University Ave. in a lease agreement with an option to buy the building, owned by a Florida-based company. Occupancy is set for June 1.
WASHINGTON, DC-Real estate investor CIM Group makes plans to bring its specialized West Coast development style to the East Coast with the opening of a new office in Washington, DC. CIM taps industry veteran Charles E. Garner II to spearhead the operation.
MIAMI-Scott O'Donnell's new position is vice president in Trammell Crow Co.'s Southeast Investment Services group. He was previously a senior associate. He joined Trammell Crow from CB Richard Ellis in April 2000.
WASHINGTON, DC-Some 400 real estate leaders descended on the Grand Hyatt here for RealShare DC, and a look at how the local market is fairing against other, more troubled CBDs.
ORLANDO-Thai Singha Inc., which owns and operates three Thai Singha locations, paid Orlando-based Saigon Wok LLC $148,000 or $92.50 per sf for the 1,600-sf, two-year-old Saigon Wok in Waterford Lakes Town Center, east Orange County.
CHICAGO-The savings will be reaped over four years, with $2 million in lower costs being passed back to Sears Tower tenants. Also benefiting will be tenants at 2 N. LaSalle, 10 and 120 S. Riverside Plaza and 550 W. Washington Blvd.
HARRISBURG, PA-The Columbus, OH-based REIT pays $5.5 million, or about $14.76 per sf, for an outstanding 50% joint-venture interest in the 745,394-sf enclosed regional mall near here. The mall has a $34.3-million mortgage at 7.73% interest, which matures in 2007.
HILLSIDE, IL-Bekins, a tenant at this location since 1990, decides to purchase its headquarters building and an attached warehouse. The firm anticipates saving millions of dollars over the next three years, as in comparison to its previous lease.