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TAMPA, FL-Wisco LLC, a locally based owner/operator of multifamily properties, paid Davna Investment Ltd. Corp. of Canada $28,017 per unit for the 232-unit, 28-year-old, 80%-leased property at 2200 Gladys St. in Pinellas County. The property sold in 23 days.
BRICK TWP., NJ-Nassimi Realty Corp. received the acquisition financing for the 85,000-sf property in a transaction arranged by HFF. UBS Warburg provided the funding.
AUSTIN-For the first time since Q2 2001, the state capital's office vacancy has dropped just a notch to 23% at the 2002 close from 23.9% in the third quarter. Six submarkets posted declines, says Colliers International.
NEW YORK CITY-The global investment corporation buys apartment communities in Orlando and Nashville for a combined total of $60 million and disposes of four multifamily and retail assets for $88.5 million
GRAND PRAIRIE, TX-In two weeks, Overhead Door Corp. finds and moves into the freestanding building in the Great Southwest Industrial District. The 82-year-old Dallas manufacturer takes over 2555 114th St.
ROUND ROCK, TX-Ace Southwest, a moving-and-storage company, is the largest space taker with 11,520 sf in the trio of industrial leases signed for two buildings in the 132-acre Chandler Creek Business Park.
BOSTON-FAO Schwarz, the upscale toy retailer, is preparing to close the doors on its 23,000-sf store. While a company representative insists the company has not made its final decision yet, the store is currently in the midst of a closing sale.
CITRUS HEIGHTS, CA-Lyon Oak Creek, a Newport Beach-based investment group, purchases Fairways Apartments from a Sacramento investor. The purchase price is said to be one of the highest prices paid for such a property in Sacramento.
CHICAGO-The 112,000-sf building at the Addison Street interchange with the Kennedy Expressway is sold to Epic/Savage Realty Partners/TCN Worldwide's Cook Financial, LLC, then leased to Park Supply Co. in a deal worth a combined $8.5 million.
WILMINGTON, DE-Document solutions and business services provider Kinko's Inc. opens up a new location in a 4,000-sf space on Concord Pike. This newest locale becomes one of more than 1,000 Kink's located in the US and eight other countries.