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MIAMI-The headquarters/distribution facility for the 65-year-old, 640-employee company at Beacon Station at Gran Park is expected to be completed in April, a few months after the original time frame. The estimated hard construction cost is $13.2 million based on a $60-per-sf range.
SAN DIEGO, CA-The CPA firm Barsa Technology Solutions signs a six-year agreement for space in the Champion of the West Tower. It will occupy 9,000 sf here, according to the terms of the $1.9-million lease.
HOUSTON-BGK Equities of Santa Fe wins the deed to the Northeast Houston complex, a 97%-leased asset assessed at $13.7 million. Chicago-based TVO Southwest Partners and TVO Woodforest Partners are the sellers.
PHILADELPHIA-The Largo, FL-based drug store chain leases a 415,000-sf, single-story building at Penn Warner Industrial Park in Fairless Hill, PA previously occupied by Toys R Us. Owner Equity Industrial Properties is retrofitting the space for Eckerd's November move-in.
WASHINGTON, DC-Ownership of the 157,550-sf class A office tower at 325 Seventh St. changes hands in a $55-million deal between buyer Chicago, IL-based Equity Office Properties Trust and seller Teachers Insurance & Annuity Association. Known as Liberty Place, the 12-year-old property is currently 100% leased.
EAST RUTHERFORD, NJ-When the deadline for ideas to redevelop the Continental Airlines Arena site passed late Tuesday, a total of four proposals were in the entry box. The four are slated to be formally unveiled at a press conference today.
YONKERS, NY-About 1,000 people gathered along the Yonkers waterfront Thursday to hear Governor George Pataki and city leaders dedicate the $53-million Larkin Center building, which will serve as the main branch of the Yonkers Public Library and Board of Education headquarters.
DALLAS-David Hicks exits Bradford after 12 years for a newly created senior VP of office development at Hillwood. Jack Minter, former CSFB managing director of investment sales, steps into a new position at Cousins. CSFB's John Alvarado is weighing his options.