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ELWOOD, IL-The Burlington Northern Santa Fe Railway Co. leases the land, and CenterPoint Properties Trust already securitized that 18-year deal in June. The private investors pick up that bond debt, at a 6.641% rate.
SUFFERN, NY-If the cosmetics firm receives all the necessary approvals and incentives it requires, Avon Products Inc. hopes to begin construction on a new $93 million research and development facility here sometime next year.
TUCSON-Vacancy, now standing at 6.1%, is predicted to rise in 2003 as will rent, says Marcus & Millichap as researchers peer into the future. To help meet demand, another 750,000 sf will rise in the Valley.
MIAMI-The real estate investment firm has purchased the Village Square at Golf in Boynton Beach, FL, signed a contract to buy Tequesta Shoppes in Tequesta, FL, and canceled its contract to buy Village Square at Pembroke in Pembroke Pines, FL.
WALTHAM, MA-Minnetonka, MN-based DIGI International relocates its subsidiary, NetSilicon, next door at 411 Waverly Oaks Rd. The high-tech company is taking 22,000 sf in a deal that the broker involved says demonstrates a tenant's ability to take advantage of the current market.
Although the US recession of 2001 was among the mildest on record, the lingering effects of the downturn are still being felt as the economic engines have…
SKOKIE, IL-The Atlanta-based developer finds a tenant for 152,320 sf at its Carol Stream Corporate Center in northern DuPage County but has 128,000 sf to fill after buying Allegheny Technologies' two buildings here for $2.7 million.
SEATTLE-In partnership with Lorig & Associates, the owners of the longstanding flower shop and nursery at the corner of Northeast 65th and 25th will redevelop the 55,000-sf site to include a residential-over-retail building as well as for-sale townhomes.
PHOENIX-James Mullin, a well-known Phoenix broker, is EVP and national director while his longtime associate, Rick Breuer is VP. The new specialty group hits the ground running with projects in Sacramento and Gilbert, AZ.
PHOENIX-Caldwell Environmental Associates of Oklahoma signs a three-year lease, valued at $119,232 over its term, for industrial space at 3420 W. Whitton Ave. The yard space and central location corner the decision.