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NEW YORK CITY-The properties form a near-perfect square at 34th Street and Fifth Avenue, directly across from the Empire State Building. Eastern Consolidated Properties represented the seller and procured the buyer.
CHICAGO-In the latest lease renewal in the Sears Tower, an insurance company agrees to continue occupying most of the 7th floor of the enormous building.
ARLINGTON, VA-Arlington County gives the office market the once-over and decides to stay put, renewing and expanding its lease at 2100 Clarendon Blvd. The new 15-year deal is worth $112 million and brings the county up to 208,000 sf with options for future growth.
MIAMI-Speculative construction completions tumbled 73.5% from 1.6 million sf in the third quarter of 2001 to 424,589 sf for the same period this year, according to Cushman & Wakefield's recently released third-quarter industrial report.
DENVER-A Washington, D.C.-based hotel and college baseball league owner has bought a long-defunct ski resort near Denver, but he has no immediate plans to redevelop it.
FORT WORTH-An 88,904-sf office building in Fort Worth's Medical District sells in 30 days to local investors with a penchant for the product type. In an unrelated sale, Fort Worth's Crescent gets $4.4 million for two of its nine Charter Behavioral facilities.
DALLAS-The breakdown is 37,995 sf in direct leases and 90,497 sf in renewals. The largest renewal, 44,712 sf, goes to an Arlington building in the Great Southwest Industrial Park and the largest direct deal, 14,377 sf, is signed for Quad Center in Las Colinas.
RESTON, VA-The 40,000 sf of retail space on the ground and basement levels of Two Freedom Square, a new 457,000-sf office and retail tower, is quickly filling up as four new shops commit to a total of 16,350 sf. Two eateries, a salon and a crafts store are the new tenants.
BALTIMORE-Morgan Stanley chooses a 30,000-sf space in the Bond Street Wharf building for the location of its new regional processing center for institutional securities. The financial company's long-term lease brings the occupancy level in the 216,000-sf office structure up to 75%.