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DALLAS-Tuesday Morning, a public company built on discounts and close-outs, doesn't shy away, as did others, from a 79,000-sf office building in need of some work. Empty for 1 1/2 years, the 6250 LBJ Freeway goes for less than its $5-million assessment.
MIAMI-Union Bank provides the financing at a low 4% interest rate. The funding is for a $13-million conversion and renovation of the 88,000-sf building, formerly occupied by Levitz.
ROUND ROCK, TX-The realty firm will move in by mid-December to the Summit in La Frontera. The 5,300-sf lease signing caps a long search for a larger office in Round Rock for the 39-member staff.
ATLANTA-The 45-year-old, Marblehead, MA-based retailer is taking the space in Spalding Triangle Office Park in suburban Norcross, GA for nine years at an estimated aggregate rent of $9.5 million.
BALTIMORE-Distribution facilities owner ProLogis seals the deal on 96,000 sf of space at two of its facilities. Greenmount Moving & Storage takes 55,000 sf at the Airport Commons Distribution Center, and logistics provider Service Express Inc. takes 40,000 at ProLogis Park I-95.
PRINCE GEORGE'S COUNTY, MD-Development of Gaylord Entertainment's $560 million National Harbor hotel complex moves forward after coming to a Sept. 11-induced halt. Now the hotel, retail and convention center property is on track to debut in 2006.
SAN DIEGO, CA-The restaurateur inks a 120-month lease for 5,800 sf in Downtown's Marina District. Scheduled to open in the spring of 2003, the new Fleming's Prime Steakhouse & Wine Bar will be located in the Crown Bay Condos at 380 K Street.
ORLANDO-Despite an overall average vacancy level approaching 17% in Central Florida, the brokerage's Orlando office closed contracts valued at an estimated $6.87 million in suburban Maitland, FL.
NEW YORK CITY-Despite what seemed like the slowest of summers, office building sales numbers are surprisingly strong. Midtown has led the surge, in both volume and pricing.
DULLES, VA-The last of six flex structures in Cascades Business Center finds a buyer in a $1.3-million deal. The 14,000-sf building is 80% occupied by indoor rock climbing company Sport Rock Inc., which holds a long-term lease on the space.