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TUCSON-The volume of offers pushes the price for a 2,685-sf Del Taco Restaurant at the junction of Broadway Road and Euclid Street. A 19-year balance on the lease undoubtedly spirited the interest. A contract was in hand in a week.
COLUMBIA, MD-Lurgi Lentjes North America Inc. continues to expand in the Columbia Gateway business park taking on an additional 1,800 sf, bringing its total occupancy in the community to about 26,900 sf.
CHICAGO-Two malls in the Houston market and a third in Florence, KY are acquired in joint ventures with the New York state and Illinois teachers' pension funds. General Growth Properties Inc.'s property management firm is in place at two of the assets.
BERKELEY, CA-The City of Berkeley plans to cut costs and improve operations with the purchase of a 96,000-sf building on Civic Center Park, which will be bought for $18.5 million.
EL CAJON, CA-San Diego County Medical Buildings LLC will use the capital to refinance the existing loan on the El Cajon Medical Office Building. Located at 1625 E. Main St., the facility encompasses 18,765 sf.
CARSON, CA-Leggett & Platt signs a 7.5-year, $8.3 million lease for 219,097 sf of space at Watson Industrial Center South, where it will move one of its manufacturing operations.
ORLANDO-The estimated $60 million warehouse would be the second largest industrial structure of its kind in Central Florida, next to the 1.5 million-sf distribution center leased by Kmart in Ocala, FL.
NEWPORT BEACH, CA-The new division of Buchanan Street Partners will specialize in providing mortgage funding for self-storage properties in the Western United States with GE Real Estate.
QUINCY, MA-A US Bankruptcy Court gives Stop & Shop Supermarket Co. the right to 18 former Ames store leases for $20 million. The locally-based supermarket chain says it will not use all of the properties for its stores.
EAST RUTHERFORD, NJ-Orchestrated by Cushman & Wakefield, both of the transactions involve insurance agency tenants. Reckson and Jack Parker own the separate buildings.