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ATLANTA-Houston-based Hines Interests canceled an option on the 6.7-acre site in 1999 to develop office towers, residences and retail space after failing to sign an anchor tenant, area brokers tell GlobeSt.com. The estimated asking per-acre price is at least $2.98 million, or about $68.53 per sf, one of the highest in recent city real estate annals, brokers say.
BRIDGEWATER, NJ-The new acquisition, occupied by Aventis Pharmaceuticals as its headquarters, is part of a new, two-building class A complex that has become one very hot property.
ATLANTA-Area brokers tell GlobeSt.com the prime three-acre site, zoned for a 500,000-sf venture in the affluent Buckhead district, went for an estimated $2.1 million, or $700,000 per acre.
WASHINGTON, DC-District office properties continue to prove irresistible attractions and the recent sale of the 265,850-sf 1776 G St. for a whopping $84.75 million or $318.8 per sf backs up that premise.
CHICAGO-Three deals totaling nearly 58,000 sf bring occupancy at 191 N. Wacker Dr. to 75%, while leasing efforts at 123 N. Wacker Dr. have pushed the figure to 88%.
ATLANTA-The joint venture partners decline to disclose the purchase price but area brokers familiar with the Central Perimeter submarket tell GlobeSt.com the contract price for the 288,000-sf Ashford Perimeter building was between $180 and $200 per sf or a total $51 million.
LOUISVILLE, KY-Using New York-based Studley, Louisville-based Stites & Harbison renegotiates its leases in Louisville and Lexington and relocates its Atlanta office in order to lower its rental rates and plan for future expansion.
HOUSTON-PE Service Consulting Engineers corners 4,424 sf at 8303 Southwest Freeway and Gibson-Gruenert, a business law firm, signs for 1,770 sf at Phoenix Tower. The engineers are prepping for an early August move while the other tenant has its keys.
TROY, MI-City will ask residents to sell 11 acres of public property to allow space for a new conference center and hotel. Vote would take place in the next general election in April 2004.