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PHILADELPHIA-In addition to selling this watershed property in the Appalachian Mountains of Northumberland and Columbia counties to the state for conservation in perpetuity, Pennsylvania Suburban Water Co. will donate another 2,000 acres of land above its reservoirs to the state.
NEW YORK CITY-Cowtan & Tout, the UK creator of upholstery and fabrics, re-upped its lease in 111 Eighth Ave. for 10 years and expanded it for an additional 10,000 sf.
LONDON-Distribution property specialist ProLogis has been given detailed planning permission by Rugby Council to build a new 446,000-sf distribution warehouse for publishing group Pearson at Central Park, Rugby, Warwickshire.
DETROIT-Colliers says interest in local commercial real estate still sticking around, and will continue into 2003 because of incentives, and stable supply levels.
SCOTTSDALE, AZ-The bank adds 21,000 sf in a 10-year lease, earmarking the extra space for a community room for use by local non-profit groups and a bank operations area. The bank also pushed a seven-year lease to 10 in the long-term play.
ATLANTA-The New York-based real estate investment firm has signed Bio-Lab Inc. of Decatur, GA to a six-year lease with an estimated aggregate value of $5.78 million at the 425,000-sf Conyers Distribution Center in the Interstate 20 East corridor of Atlanta.
CHICAGO-The two South Side communities will be the next to get affordable multifamily rental buildings developed by Senior Lifestyle Corp., beginning with a 90-unit project at 8300 S. Cottage Grove Ave. that will include a 6,500-sf satellite senior center.
TOTOWA, NJ-The information systems company's new space is at the 113,000-sf 515 Union Blvd., owned by SITT Asset Management. JLL and CBRE arranged the deal.
PHOENIX-Arthrocare Arthritis Care & Research goes from sublease to direct lease after making a decision to expand at 3330 N. 2nd St. in the central corridor. The 5,417-sf lease carries a value of $588,760 over its term.