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ATLANTA-The international developer is negotiating with accounting firm Reznick Fedder & Silverman on 40,000 sf for an estimated 10 years at the 400,000-sf 2002 Perimeter Summit office building scheduled to open in February.
MESA, AZ-Maverick Holding Co. antes up $55,000 more than the best deal on the table to take the deed to Westwind Terrace, a 53,823-sf office building in Mesa. Merrill Lynch, Charles Schwab and Salomon Smith Barney are on the tenant roster.
CHICAGO-That's the sticker price on the former Oldsmobile dealership property that straddles both sides of the 1200 block of N. Wells Street, which draws immediate attention from would-be redevelopers.
PORTLAND-The close-in Northeast Portland property consists of three buildings totaling 164,000 sf on 5.2 acres. The property is leased by Portland-based Jantzen Inc., which Perry Ellis International acquired from VF Corp. in March 2002 for $25 million.
ALAMEDA, CA-AvalonBay Communities plans to purchase a 16-acre parcel of land from Alameda County en route to residential and commercial developments. This would be the first deal for the 75-acre Transit Center site adjacent to the Dublin BART station.
PHILADELPHIA-By Memorial Day, the rapidly expanding warehouse grocer will open in the space at the strip center in Phoenixville, PA that was vacated last March by the Ames department store chain. Plymouth Meeting, PA-based Kramont Realty Trust recently renovated the 177,000-sf property.
SOUTH BRUNSWICK, NJ-The automaker, which sold the building to Clarion Partners for $14.1 million, is moving its distribution operations to a three-times larger facility just down the road.
SACRAMENTO-London-based developer Grosvenor Group sells one of California's most prestigious office trophies to San Francisco-based Shorenstein Co. The deal is the first in Sacramento for Shorenstein.
MANHATTAN BEACH, CA-The REIT agrees to terms in a shareholder lawsuit challenging its proposed merger with San Diego-based shopping center REIT Pan Pacific Retail Properties. Center Trust shareholders will vote on the merger Jan. 15.