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WHITE PLAINS-The Winter Organization of New York City, the owner of the 81 Main St. office building in downtown White Plains has announced that it will undertake an extensive renovation/modernization program to make the building more competitive with other nearby class A properties.
AUSTIN-The tenant goes for 3,500 sf at Ferguson Lane Business Park, a new project that is to have 62,000 sf in 11 buildings at full build-out. The inbound Capital Fleet Services gains 1,000 sf with the new deal.
DANBURY, CT-Yonkers, NY-based Westrock Development has acquired 82 Mill Plain Rd., a 50,000-sf industrial building here for $1.75 million. The deal marks the firm's second purchase in this market in recent months.
SACRAMENTO-The local development and investment group has purchased the 18,750-sf California Sutter complex for just over $9 million, adding to the firm's medical office property portfolio. The property is about 95 % leased.
PLAINFIELD, IL-Today's ribbon-cutting for the 210,264-sf retail center at the southwest corner of Route 59 and 127th Street comes with a full roster of tenants, led by a 142,500-sf Target Greatland.
LONDON-Antler Property Investments, the private property investment company, has sold a mixed property investment portfolio to Standard Life Investments for pounds 235 million ($365 million), to reflect a net initial yield of over 7%.
MIAMI-Las Vegas Cuban Cuisine plans to begin its 10-year lease for 6,078 sf of space at Westfork Plaza on Dec. 20. Restaurant owner Antonio Vilarino says he likes the location because of the growth potential of the neighborhood.
HOUSTON-The work will start in 30 days on the 202,294-sf Westchase Bank Building. PM Realty, which held onto its four-year contract for the property, will oversee construction on the 21-year-old office building.
PHILADELPHIA-There are pockets of promise in the central CBD office market, according to third-quarter research from the local Trammell Crow office. Activity in Market Street East outpaces Market Street West, and tenants shift from trophy properties to class-A space.
ORANGE, CA-A private investor acquires the 24,443-sf building, 10,000 sf of which is occupied by the accounting firm, in another deal that shows former apartment owners are looking for other types of investments.