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HOUSTON-A Houston investment group finesses a double purchase, getting the 98%-occupied Woodbridge Shopping Center and an abutting 9.6 acres on Houston's West Side. The location, says the broker, is as good as it gets along Texas 6.
IRVING, TX-The city and Stormont Hospitality are now talking about some of the financials as well as the ground-breaking for a 350,000-sf convention center, with a 450-room hotel component. The project has been four years in the making.
RANCHO CUCAMONGA, CA-A partnership of Laguna Niguel, CA-based Birtcher and New York City-based Praedium part with the 136,000-sf Arrow Business Park, a 90%-leased property bought with 1031 Exchange proceeds.
SAN FRANCISCO-As investors gain confidence in the future stability of the San Francisco Bay Area commercial real estate market, several buildings have sold across the bay.
CHICAGO-The third-tallest building in the US is expected to change hands late next month or early April from New York-based Blackstone Group to Wells Real Estate Funds of Atlanta.
ATLANTA-Locally based Bull Realty Inc. brokered the sale of the former 7,300-sf San Genero restaurant at 2196 Cheshire Bridge Road in Atlanta for $925,000 and the 2,397-sf Rockin' Robs restaurant at 1479 Scott Boulevard in suburban Decatur, GA for $655,000.
MARLTON, NJ-The company has just acquired the site for the proposed project, spending $2.6 million to buy 19 acres at a key South Jersey intersection. CBRE brokered for the seller and will act as exclusive leasing agent.
TIPPERARY, IRELAND-The New York-based pharma firm's Irish affiliate will acquire the manufacturing, lab, office and warehouse out of liquidation for less than $6.5 million. The purchase marks a major step toward the company's planned European expansion
BOSTON-Pan African Food Distributor, a gourmet grocery, relocates its store from the Roxbury neighborhood to 152 Chestnut Hill Ave. in Brighton. The company took 3,000 sf of retail space for a five-year term.