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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.
HOUSTON-Koger Equity makes good on a promise to close the acquisition of the 1.2-million-sf Houston property before the year ends. The takeover will push out a $12-million renovation of the class A office asset.
WALTHAM, MA-Principal Financial Group leases 9,181 sf at Waltham Weston Corporate Center, a 304,050-sf six story office building built by Boston Properties last January. Principal Financial is relocating from its current offices at Lexington Office Park.
BELLEVUE, WA-After months of trying to sublease a large portion of space on Southeast Eastgate Way, Onyx Software has struck a deal with Equity Office Properties that allows the firm to back out of its lease three-and-a-half years early.