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LONDON-The Equiton Industrial Partnership, a joint venture between industrial investor Brixton; Equitable Life, and the Prudential has bought Imperial Park, Randalls Way, Leatherhead, Surrey from Brixton for pounds 6.834 million ($11 million).
PORTLAND-Under an agreement approved this morning by Port of Portland Commissioners, Washington D.C.-based Anton Airfood Inc. will lease 6,635 sf for 15-years, spend upward of $2 million on tenant improvements and pay rent equal to 8% of the restaurant's annual gross sales.
ORLANDO-Louis J. Pearlman will be moving 600 employees in first quarter 2004 from his International Drive headquarters to a 136,000-sf structure at the eight-building, 7.3-acre Downtown site currently under redevelopment.
NEW YORK CITY-A 32-year veteran of Atco Properties & Management Inc., Peter L. DiCapua is assuming the role of chief operating officer. DiCapua formerly held the position of senior vice president.
SAN BERNARDINO, CA-The Newport Beach developer starts grading on a 250,000-sf shopping center called "The Hub." The 23-acre site is along the I-10 Freeway and rising in a retail area with more than one million sf.
LONDON-MARKS & Spencer has assigned its lease on its property in Princes Street, Edinburgh, paving the way for Zara to open its first outlet in Scotland.
FORT WORTH-Potomac Street Investors of Fort Worth gets the 14,938-sf building at 1220 N. Main St. in a deal that keeps State Farm in 65% of the office space. The plan is to gut and redo the holding, which came to market for $795,000.
HOUSTON-Veritrust has added a climate-controlled vault in a leased industrial space in the Hempstead Distribution Center in Houston's northwest submarket. About 2,000 sf was dedicated for a corporate office.