PHILADELPHIA-Paul Aschkenasy believes Paoli, PA is poised to "be the center of suburban Philadelphia" in the next decade, and the 100,000 sf at 2 and 4 Industrial Blvd. is strategically located across the street from Paoli Memorial Hospital, already a tenant in the 100%-occupied asset.

AUSTIN-Occupancy fell to 88.4% while rent, across the board, also declined in the fourth quarter to take average to $699 per month, a drop of $14 in one quarter. Austin Investor Interests says concessions prevail at more than 83% of the properties.

OCEANSIDE, CA-San Diego-based Pan Pacific Retail Properties Inc. pays $5.5 million to Crown Realty for Oceanside Crossing, an 88,000-sf, grocery-anchored retail complex.

PLEASANT PRAIRIE, WI-The Mississauga, Canada manufacturer of polyethylene bags will house 123 employees at the facility, which will be built on a nine-acre site at the LakeView Corporate Park here.