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MIAMI-CNV, LLV sold the two parcels here to Amerada Hess Corp. and WKL II and Associates Inc., a Denny's restaurant franchisee. Amerada Hess plans to build a gas, convenience store and fast-food center, and WKL II and Associates plans to build a Denny's.
FAIRFAX COUNTY, VA-Fairfax County holds on to its position as the Metropolitan Washington, DC area's leader in the commercial office market with the surpassing of the 100 million sf mark. For 2002, 112 companies relocated or expanded in the county
LONDON-The Woodside Limited Partnership, a joint venture between Brixton and Equitable Life, has sold its sole asset: the 100-acre, 1.6 million-sf Woodside Estate at Dunstable, Bedfordshire. Moorfield and Westbrook Partners have agreed to pay pounds 95.3 million ($152 million).
PIACENZA, ITALY-The cosmetics and pharmaceuticals distributor already leases a 328,442-sf ProLogis facility here. Construction on the new building will begin in early February and is scheduled to be completed in September.
BOSTON-The Ted Williams Tunnel is finally open for business. The $6.5-billion tunnel, which connects Route 90 to Logan International Airport, is considered a significant part of the Big Dig--the $14.5-billion highway project going on in the heart of the city.
HOUSTON-Datascan Technologies heads into 10700 North Freeway, a 72%-leased, 179,692-sf office building in the Greenspoint/North Belt submarket. The lease is crafted by brokers from NAI Partners Commercial and Grubb & Ellis.
SAN DIEGO, CA-Two months after Pan Pacific Retail Properties Inc. agreed to purchase Center Trust Inc., the neighborhood shopping center REIT closes the deal.
AUSTIN-Ryder Systems leases industrial space in Tech Ridge for its longtime customer, Applied Materials. The 290,578-sf building is 50% leased with the new deal, which puts Ryder in control of 288,000 sf in Austin.
SAN RAFAEL, CA-After nearly two decades of struggling to approve a residential and commercial project on the last undeveloped parcels of land in eastern Marin County, the city of San Rafael has given up on its plans.