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AUSTIN-SoloMio, an offshoot of Vignette Corp., signs for the largest chunk of office space, 7,645 sf, in the CBD. The bottom line is the CBD corners two of the four deals while the others go to the city's central and northwest submarkets.
OCEAN TWP, NJ-The upscale supermarket, based in Upstate New York, continues its aggressive move into the Garden State, with three already open and two more on the way
CHICAGO-Separate buyers acquire neighboring properties at 700 W. Emerald Ave. and 4041 S. Emerald Ave. during an auction conducted by Sheldon Good & Co., giving the owner a gross price of $1.025 million for the package.
SAN DIEGO-Gary Smith, formerly VP of the Asset Management Group with retail player GMS Realty LLC, will oversee for Capstone the sourcing and acquisition of commercial real estate investments and portfolios.
BELLAIRE, TX-The 10,908-sf store on nearly 1.2 acres in the Houston suburb goes to a Chicago buyer who is turning around proceeds from a multifamily sale in his hometown. There are 18 years left on the triple net lease for the three-year-old development.
ATLANTA-The 11-year-old, 31-story, 805,972-sf class A building is the largest office property north of Midtown Atlanta and the tallest building in DeKalb County. The five-year loan carries a fixed 5.26% interest rate.
FAIRFIELD, NJ-GHP Office Realty reports it has acquired 30 Two Bridges Rd., a 97,000-sf office building here, from United Properties Group, a division of the United Water Co.
POUGHKEEPSIE, NY-Hudson Heritage LLC and CPC Resources have formed a joint venture to acquire 150 acres of the former Hudson River Psychiatric Center here. The firm is entertaining a host of development scenarios for the property including: residential, hospitality and retail/commercial uses.
FARMINGTON HILLS, MI-Three properties leased to a national retailer in Indianapolis, Oklahoma City, OK and Omaha, NE are now 100% owned by Agree Realty Corp., which buys out an unidentified joint venture partner.
QUINCY, MA-The Flatley Company, owner of the Boston Marriott Quincy Hotel agrees to drop its lawsuit against Bethesda, MD-based Marriott International Inc., which manages the hotel. The companies say there will be no payments by either party.