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HOUSTON-The joint venture partners, funded by a $500-million pool, buy a 155,000-sf vacant building positioned on 11 acres at 15150 Memorial Dr. The building gets upgraded while the land triggers a huddle over future plans.
AUSTIN-BlueStar Leasing of Houston takes over a 15,000-sf terminal and nine acres of ramp space in Austin and a new terminal with 81,000-sf ramp in Greeley, CO from Sterling Austin Aero. The takeover firm issued 5.31 million shares to close the deal.
ATLANTA-The Indianapolis-based building products wholesaler is taking the entire 131,320 sf at 4051 Southmeadow Parkway for 12 years. The South Atlanta warehouse is owned by Chicago-based First Industrial Realty Trust Inc.
SAN FRANCISCO-The State Compensation Insurance Fund proposes an $82 million office development in San Francisco's Tenderloin neighborhood. The state fund hopes to break ground next fall.
CULPEPER COUNTY, VA-Technology companies Competitive Innovations LLC and AttoTek Inc. invest $2.2 million in two 10,000-sf expansions of their current locales.
PHOENIX-The 400,000-sf facility will house operations for Arizona, Colorado, Utah and Nevada and national retail lockbox functions. Another $35 million will be spent on technology to process more than eight million items per day.
BASKING RIDGE, NJ-Where does $200 million worth of prime real estate fit into a $60-billion merger? Officials say they are considering all the options regarding the former AT&T campus here, acquired last summer by Pharmacia.
CHERRY HILL, NJ-Lend Lease Real Estate, owner of the 350,000-sf Hillview Shopping Center, has hired Cushman & Wakefield of move the five-year-old Target- and Kohl's-anchored property.
BONSALL, CA-The circa 1987 property, known as Brisas del Este, is acquired by an LLC that plans to convert the complex into condominiums. Located at 31916 Del Cielo Este in Bonsall, the property contains 42 units, private garages, a swimming pool and a spa.