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MINNETONKA, MN-The health insurance provider negotiates a complicated transaction that will result in an April 2004 occupancy. Several firms, including facility owner Carlson Real Estate Co., were forced to either downsize or relocate to accommodate the new tenant.
LOS ANGELES-With 16 months left to go on its lease, Pardee Homes negotiates an early renewal, signing for another 10 years. The builder occupies 36,000 sf in the 24-story 10880 Wilshire Blvd.
ATLANTA-The 63-year-old former IBM sales top gun closed 150 transactions totaling one million sf of single-tenant properties, valued at $300 million. Nationally, Rea ranked second in all categories among Marcus & Millichap's 650 investment professionals.
MIAMI-Vero Beach, FL-based Thompson Inc. bought the free-standing building, completed last year, from Madison I LLC for $4.5 million. It sits adjacent to a tract of land suitable for 20 acres of retail development.
ORLANDO-Parkway Properties Inc. of Jackson, MS pays privately held Tricony Florida Corp. of Palm Beach, FL $32 million or $123.87 per sf for the 32-year-old, 258,321-sf, 18-story Citrus Center, which was the tallest building in Orlando when it was built.
PLANTATION, FL-The 376-unit luxury apartment community here was developed in 1995 by Boca Raton, FL-based Gables Residential. Greystar Capital Partners has retained a CB Richard Ellis team to market the property.
WHITE MARSH, MD-A Weis Market is on its way to the Honeygo Village Center as the Sunbury, PA-based grocery chain commits to developing a 55,000-sf location at the retail destination, which is at the gateway of the Honeygo community.
HOUSTON-The Dallas-based company, in the midst of a real estate disposition, sells an industrial site on the north side to American Engine Installations for its first location in Houston. A $299,000 ticket was hanging on the property listing.
DENVER-The Lofts at Downing Street Station condominium project have opened their model apartments for viewing. The building, which will include first floor retail space as well, will open March 1.
RICHMOND, VA-Home Depot announces plans to build a 750,000-sf distribution center at East Gate Industrial Park in Frederick County. With a scheduled completion date for this summer, the $25-million development will serve the home improvement chain's Mid-Atlantic stores.