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NASHVILLE-The Brown Schools in Nashville finds a buyer in Psychiatric Solutions Inc. of Franklin, TN for six psychiatric hospitals, three of which are located in Central Texas. The sale is expected to close by March 31.
FORT WORTH-North Main Ventures acquires 921 Main St., the second office building in two weeks to trade on the North Side. With the sale completed, a two-month project kicks off to totally make over the asset for Landmark Healthcare Corp.
TUKWILA, WA-The owner of the largest shopping center in the Puget Sound area has proposed to increase the size of the mall to include an additional 450,000-sf of leasable retail space.
HOUSTON-Milestone Mortgage takes 2,906 sf at 340 North Belt Place while Pipeline Engineering slides into a 2,068-sf sublease with the Lehman Co. for the balance of a long-term commitment at 13831 Northwest Freeway.
VAN NUYS, CA-The two structures, totaling 160,141 sf, are part of the 677,000-sf Airport Business Park at the Van Nuys Airport, all of which is now sold or leased with the closing of these deals to the Largent Group.
RIVERSIDE, CA-The 135,000-sf, four-story science building at the University of California at Riverside will house 65 to 70 laboratories, conference rooms and other facilities. The facility will deliver in September 2004.
LONDON-Specialist shopping centre investor Investments has launched its largest private-equity fund, Redleaf IV, which has a target size of pounds 100 million ($160 million) which will be invested in district shopping centres.
BALTIMORE-The office structure at 36 S. Charles St. holds on to its tenant of over 20 years as accounting firm Gross, Mendelsohn & Associates commits to an additional seven years on its 14,000-sf space.
CHICAGO-While the former Big Five accounting firm terminates its lease on 76,490 sf at 330 N. Wabash Ave., Prime Group Realty Trust talks with its lenders about ending Andersen's lease of 579,980 sf at 33 W. Monroe.