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AUSTIN-Cousins Properties signs the largest tenant so far for the roster at its 525,000-sf Congress at Fourth, slated to deliver in November. Graves, Dougherty, Hearon & Moody law firm, signing for the long term, takes the pre-leasing level to 27%.
BOSTON-Lord & Taylor will remain at 760 Boylston St. in The Prudential Center after all. The retail company neglected to renew the lease on its 125,000-sf store but has reached an agreement with property owner Boston Properties that will keep the store there for another 25 years.
ORLANDO-Among the deals, CB Richard Ellis Inc. broker David Murphy has closed a $5 million, 366,000-sf, 11-building deal at the former van conversion headquarters of Mark VIII near Ocala, FL. Demand exceeds supply of quality properties in the market, CBRE reports.
DENVER-The Rocky Mountain Lodging Report pegs the hotel occupancy rate outside of Denver at 58.8% through November, down nearly two percentage points compared to the first 11 months of 2001. Occupancy rates hit 28.4% in Vail and 35.3% in Aspen.
PHILADELPHIA-The communications giant's Mid-Atlantic directory sales unit signs a long-term lease, valued at $2.2 million, at 225 Wilmington West Chester Pike, one of two buildings totaling 90,527 sf in Gateway Corporate Center. Verizon takes Building 225 to above 80% leased.
PASADENA, CA-A partnership including Developers Diversified Realty of Cleveland, Ohio expects to close soon on the purchase of the 560,000-sf shopping center, which opened in September 2001, from Chicago-based Trizec Properties Inc.
MIAMI-Darlene Brillinger is moving up from her former role as the East Coast marketing manager, a position she gained about seven months ago. Prudential Florida WCI Realty also is planning to open four new South Florida offices this year.
LONDON-Winterthur Life UK, the wholly-owned subsidiary of Credit Suisse, has acquired the 42,000-sf Dextra Court at Chapel Hill, Basingstoke, Hampshire. It paid around pounds 4.5 million ($7.24 million)
BAYONNE, NJ-But city officials here are voicing major concerns, ranging from the environmental impact to the effect on the aesthetics of nearby redevelopment projects.
NEW YORK CITY- Credit Suisse First Boston sells its equity stake in two Midtown properties and an office building in Detroit. Squeaking by with a Dec. 30 closing, the deal stands out as one of last year's biggest.