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PHOENIX-Roadrunner Glass convinces the owner of a 21,800-sf building in West Phoenix to sell instead of leasing the location. The glass replacement firm intends to occupy about half of the structure. The balance is leased to two tenants.
ANAHEIM, CA-The Air Conditioning and Refrigeration Industry Pension Fund acquires a 37,263-sf office building from Newport Federal for $5.8 million. The building, developed in 1985, will house a trade school.
PHILADELPHIA-Another large tenant, the locally-based Post & Schell law firm, moves from One Liberty Place to Four Penn Center, taking the 38-year-old, 525,000-sf property that was recently renovated by owner, Boston-based Leggat McCall, to better than 50% occupancy.
CARSON, CA-The two companies sign a seven year, $4 million lease at Watson Land Co.'s Watson Industrial Center South, where Bristol will relocate its headquarters and the companies will employ 200 workers.
FORT BEND COUNTY, TX-Equity One is seeking relief from a jury award of $896,000 in compensatory damages and $22.5 million in exemplary damages to a shopping center owner. The district court is expected to issue judgment Friday in the 1 1/2-year-old case.
NEW YORK CITY-The Brooklyn Children's Museum today will unveil architect Rafael Viqoly's $39-million plan that will expand the institution to 102,000 sf of environmentally sustainable space.
PORTLAND-"The Emerging Trends in Real Estate 2003" has just been published and Peter Korpecz, director and global head of Pricewaterhouse Coopers' strategic real estate group, is making Portland one of his first stops to talk about it.
GILBERT, AZ- Retail developers are working opposite sides of the street in 11 and five-acre tracts in Power Ranch, a sprawling desert community. The projects will bring the usual mix of grocers, fast-food restaurants and drug stores.
HOUSTON-QCI Marine Offshore puts finishing touches to a long-term commitment for the build-to-suit in the Willowbrook Industrial Park in northwest Houston. The lease has been crafted by a Grubb & Ellis team and an independent broker.