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MADRID-In its fourth major deal this year, ProLogis European Properties Fund will buy a 123,677-sf industrial facility here and lease it back to Geodis Teisa, which uses the space to house its Madrid-area parcel sorting and distribution operation.
EATONTOWN, NJ-The medical information technology company has more than doubled its space with its move into the Donato High-Tech Park in this Monmouth county community.
CHICAGO-In municipal elections yesterday, incumbent Vilma Colom was unseated as alderman in the 35th Ward, where residents objected to a Home Depot as well as other development proposals. Meanwhile, Alderman Eugene Schulter was unscathed by development issues in his 47th Ward.
CARBONDALE-The facility is sold by a family trust to investment group Quadrangle Apartments LLC. Located across from Southern Illinois University, the asset is 100% occupied. Sperry Van Ness brokered the deal.
METHUEN, MA-3M Corp. renews its lease for 38,823 sf of space at 300 Griffin Brook Park. The deal represents a downsizing of space as MicroTouch Systems was leasing 90,000 sf at this location when 3M bought the company in 2001.
MIAMI-Codina Realty Services senior vice presidents Jose I. Juncadella and Pedro J. Garcia will serve as leasing agents for the five-story, multi-purpose building, located in the Westside Corporate Center. Ryder plans to vacate the building in two years, when its replacement headquarters facility is built.
ATLANTA-Eben Hardie and partner Mal Hill have contracted to buy 63 acres for an undisclosed price from Gwinnett County land speculators Wayne Mason and Frank Hanna Jr. to develop two distribution centers about 50 miles northeast of Downtown Atlanta.
EASTON, PA-Following its purchase and leaseback of an accounting company's office building in nearby Allentown, the Bethlehem, PA-based real estate firm pays $2.925 million for Paragon Technologies' office facility here and leases back 25,000 sf for a five-year term.
MIAMI-The five-year, adjustable-rate loan for Sunrise Harbor Multifamily Inc., an entity created by Lend Lease Real Estate Investments, was arranged by Holliday Fenoglio Fowler LP through ING Investment Management.
HESPERIA, CA-Hager Pacific kicks off the marketing campaign for the 488,817-sf former distribution facility of the bankrupt furniture retailer. The building, along the Interstate 15 Freeway, has been empty for two years.