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DALLAS-A Dallas partnership, led by two well-known Dallas names, acquires a hard corner, with a 42,000-sf building, at Harry Hines Boulevard and Empire Central. A 13,000-sf lease is in hand to push occupancy to 100%.
HOUSTON-Clint H. Harrington of McCord Development will lead the 560-member BOMA chapter as president, replacing Steven M. Seltzer of TPMC Realty. This year's president-elect is Ted Freyer of Crescent.
BRIDGEWATER, NJ-The sale price was not disclosed for the year-old class A Bridgewater Crossing, which is 70% occupied by Aventis, but industry sources place it in the $140-155 million range.
WALTHAM, MA-Private Healthcare Systems renews its lease for 200,000 sf of space at 1100 Winter St. in Bay Colony Corporate Center, a 58-acre complex comprised of four buildings. The five-year lease is one of the largest in the area in recent months.
MEXICO CITY-The properties include a 336,000-sf office building here and two industrial parks totaling 1.7 million sf. Proceeds will be used to finance retail and residential development in the country.
MIAMI-The law firm Adorno & Yoss inked a deal to lease 55,000 sf for 12 years in the 12-story, class A office building, called 2525 Ponce de Leon, where the rental range is $32 to $34 per sf. The Coral Gables, FL building is scheduled to break ground this quarter.
PHILADELPHIA-Delaware-based Morgan Properties and Pen-Del Real Estate teamed up to buy the industrial park near Philadelphia International Airport for about $11 per sf. The 1.8-million-sf manufacturing, warehouse and office complex is 70% leased and has room for further development.
HOUSTON-The Lionstone Group, founded 18 months ago, gets a $75-million initial equity commitment with a buying power of up to $220 million for office buildings in 65 markets. Oregon Public Employees Retirement Fund is the equity player.
SEATTLE-Nearly four years after starting its search, the law firm Preston Gates & Ellis LLP is moving this weekend to 240,000 sf in the recently completed IDX Tower at Fourth and Madison. The firm is currently located in Bank of America Tower at 701 5th Ave.