BOXBOROUGH, MA-Seranoa Networks, a venture-capital backed high-tech start up, takes 25,000 sf at 60 Codman Hill Rd. The broker involved says that flexible lease terms are bringing young companies into this 98,131-sf building.

CHICAGO-"Nobody will be happy until it's 95%, 96% or 97% leased," Prentiss Properties Trust president and chief executive officer Thomas F. August says of the company's $87-million investment, but he considers 400,000 sf of space leased since September 2001 to be quite an accomplishment.

EL PASO, TX-The Bohannon Development Corp. has started work on the Pellicano after securing a $14.5-million loan through Prudential Huntoon Paige Associates Ltd. The 40-year loan secured a 6.25% interest rate.

PORTSMOUTH, MA-Financing in the amount of $11.75 million is nailed down for Commerce Way Portfolio, a 233,953-sf office park comprising five buildings. Commerce Way is one of the area's largest suburban office parks.