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ATLANTA-The international developer is negotiating with accounting firm Reznick Fedder & Silverman on 40,000 sf for an estimated 10 years at the 400,000-sf 2002 Perimeter Summit office building scheduled to open in February.
ATLANTA-Locally based Haddow & Co. tells the Houston developer the luxury condominium market won't support a planned 40-story, 300-unit tower and a second 150-unit high-rise in Midtown. The Atlanta Symphony Orchestra had planned to co-develop the site.
SEATTLE-A principal with the Seattle-based international engineering firm tells GlobeSt.com that when the firm narowed the field to only Downtown buildings it had designed and that had sufficient contiguous space, they still had 12 different choices.
LEXINGTON, MA-Sensormatic Electronics Corp., a division of TYCO, decides to stay put at 70 West View St. in the Kiln Brook Office Park. The company, which develops electronic surveillance equipment, considered its options before renewing its lease here for five years.
HOUSTON-Intell Management and Investment Co. has closed on the $102-million purchase of Enron Center South in Houston's CBD. The closing marks the start of a new era for the 1.2-million-sf building.
GREENWICH, CT-In one of the highest price-per-sf office building sales in Fairfield County history, an investment-banking firm has acquired Two Soundview Dr., a 37,864-sf office building here, for $17.25 million.
DALLAS-End-of-the-year trading closes the books on what surely is Dallas' biggest sale for 2002. Market speculation pegs the price in the $300-million range. Seller Hines and buyer UBS Realty aren't talking price, but brokers are saying UBS wasn't the highest offer.
ATLANTA-A developer consortium of Wayne Mason, Marty Kennedy, Ed deGuardiola and George Lane paid the California Public Employees Retirement System $409,091 per acre for the tract adjacent to the Overlook III office tower in suburban Vinings, GA.
ATLANTA-The 11-year-old, 31-story, 805,972-sf class A building is the largest office property north of Midtown Atlanta and the tallest building in DeKalb County. The five-year loan carries a fixed 5.26% interest rate.
MADRID-Hines is partnering with Monthisa to build a 215,000-sf, seven-story office building near Madrid's downtown. Work gets under way in early 2003, with a late 2004 unveiling marked on the calendar.