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FULLERTON, CA-Pacific Collision Center acquires the 36,000-sf building for a collision repair center and plans a total remodeling of the facility at 1621 E. Orangethorpe Ave. Built in 1963, the structure was empty at sale time.
CHARLOTTE, NC-Construction on the 1.2 million-sf enclosed super regional mall is set to begin in late summer or early fall and the facility has a targeted opening date of Aug. 5, 2005.
ATLANTA-If it passes, the Feb. 6 vote will spell the end of an aggressive 20-year run by JDN Realty Corp. and the emergence of Cleveland-based Developers Diversified Realty Corp. as the second largest shopping center REIT in the US.
ROUND ROCK, TX-The leases account for 12,654 sf in a 26,664-sf building in a four-building development in Round Rock. Streamline Technical Services signs for the largest block, 6,326 sf, to take its total to 18,756 sf in Chandler Creek Business Park.
LONDON-ISIS Property has sold 21 Dartmouth Street in Victoria, London SW1, to a private investor for more than pounds 29.5 million ($49 million) reflecting a net initial yield of 6.75%.
LONDON-Henderson Global Investors has announced the final closing of its Investors Retail Warehouse Fund. The fund value now stands at pounds 550 million ($900 million.
HOUSTON-The underwater research and development firm jumpstarts an expansion plan with the acquisition. The building, positioned on about three acres, abuts Oceaneering International's existing facility in Houston's bustling northwest corridor.
FRAMINGHAM, MA-In a sublease deal from Divine, Inc., Diligent Technologies Corp. takes 14,000 sf at 200 Crossing Blvd. for its new corporate headquarters. The company, which develops storage software solutions, also has an office in Tel Aviv, Israel.
DALLAS-Trimark Realty Investments of Dallas lands a loan with Morgan Stanley Dean Witter to retire debt with the North Houston Bank and add some equity to the coffer, says the loan arranger. The 310-unit Fairway Crossing in Dallas is the collateral.