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LONDON-US Freight business Expeditors has secured a key site at London Heathrow airport, even though it will not become available for development until 2007 on completion of Heathrow Terminal Five.
FRANKLIN, MA-Two projects totaling 390 units are being proposed in an area that was recently rezoned for industrial use. The projects are being filed under the state's affordable-housing law, which means they can bypass local zoning laws if they meet certain requirements.
CHANDLER, AZ-Colwell's Inc. hawks a Los Angeles property and buys a fully leased, 26,191-sf holding in the South Park Industrial Center. Seller CMT Investments owned the building for three years.
MIAMI-Grandison's previous experience includes work on the AutoNation USA Parking Garage in Miami and Brickell Bayfront Club Condominiums, also in Miami. 610 Clematis, a planned $55 million, 259-unit condominium project, is scheduled to break ground next August.
LONDON-Scottish Widows Investment Partnership is to forward-fund Quadrant Estates' pounds 10 million ($15.5 million) Hedge End Trade Park development in Southampton.
BOSTON-John Hancock Financial Services puts its three-building complex in the Back Bay, which includes its 62-story tower, on the market. The company says it plans to lease back much of the space it currently occupies in a long-term deal.
HOUSTON-Baker Hughes re-ups a 51,972-sf lease at the 71% occupied Vantage Parkway in North Houston while Edge Petroleum takes 21,571 sf at Travis Tower, a 93% occupied CBD building.
MIAMI-The Internet vitamin distributor inked a five-year lease, at 2055 Highridge Rd., valued at $946,188, or $6.25 per sf. The company is moving from a 10,850-sf location nearby.
PHOENIX-Omaha Paper Co. is settling into its first location in Phoenix after signing a two-year lease valued at $120,000 for a building on the west side. The Nebraska firm simply felt it was time to get closer to its West Coast customers.
WESTON, FL-In the five-year, multimillion-dollar deal, the company plans to relocate from its 21,000-sf location on Northwest 77th Ave. in Miami Lakes, FL to a 400,000-sf, 97%occupied, class A office park here.