PHILADELPHIA-The West Conshohocken, PA-based REIT pays $38 per sf for a 262,500-sf warehouse and distribution center fully leased for the next three years at 5% below the current market rate, or about $4 per sf, according to GlobeSt.com research.

LONDON-The troubled financial services group AMP is to float Aberdeen Property Investors, its property asset management business. A London IPO is pencilled in for the first half of 2003.

GOSHEN, NY-Orange County officials confirm that Target Corp., has stated that it will not pursue the development of a 1.2 million-sf distribution facility at two properties it had considered here.

NEW YORK CITY-Real Estate Media rolls out its 2003 RealShare Conference schedule, including a special Net Lease Conference in March. A total of seven events will round out the '03 agenda. Real Estate Media is GlobeSt.com's parent company.