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SANTA ANA, CA-The 18-year-old complex is in the Civic Center district here, close to jobs. Pacific Development Partners acquires it from the original owner in an off-market deal.
ROCKVILLE, MD-Three out of five of the Kmart stores in Federal Realty Investment Trust's portfolio have been designated for closing as a result of Kmart Corp.'s bankruptcy reorganization plan. The properties account for a total of 326,000 sf in New York, Pennsylvania, and Virginia.
SAN DIEGO, CA-A group of residential developers with projects in Downtown San Diego have formed a coalition to market Downtown San Diego in a similar style to master-planned communities.
PHILADELPHIA-With the proceeds of the tax-exempt bonds, issued by the state economic development financing authority, BPG will develop a nine-story, 1,525-vehicle parking garage on part of a 50-acre Keystone Opportunity Zone, adjacent to Brandywine Realty's planned Circa Centre office tower.
CAMBRIDGE, MA-Icosystem Corp. leases 11,100 sf at 10 Fawcett St. in a city that continues to contend with a struggling office market and a thriving biotech market. The consulting company is relocating its corporate headquarters from Cambridge, MA.
WILMINGTON, MA-S.G. Torrice Co. Inc., a distributor of heating & cooling equipment and parts, leases 81,266 sf of warehouse and distribution space at 80 Industrial Way.
MIAMI-The advertising agency extended its lease 11 years at 601 Brickell Key Drive in the Courvoisier Centre II here. The company occupies 41,803 sf of rentable, class A office space.
SEATTLE-Vancouver, B.C.-based Milliken Development Corp. should complete the 51-unit residential-over-retail development on West Mercer Street by June, 2003. Williams Marketing launches pre-sales this weekend.
PASADENA, CA-Developers Diversified Realty closes on the previously announced acquisition of the 560,000-sf Paseo Colorado Shopping Center, an acquisition from Trizec Properties.