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S&P Lowers Ratings on 3 Kmart-Related Credit Lease DealsNEW YORK (Standard & Poor's) Aug. 23, 2002--Standard & Poor's Ratings Services today…
THE WOODLANDS, TX-Brensco will open one of 16 vehicle repair stations on a 1.2-acre tract at the junction of College Park and Greenbridge drives. Meanwhile, the fire department gets a site for a fifth station.
ATLANTA-Just six weeks into his presidency of the locally based Americas division of the UK-based hotelier, Steve Porter calls Kirk Kinsell back to head franchising and promotes four executives to new posts. Kinsell previously launched the company's Holiday Inn Express.
HOUSTON-The 13,395-sf tenant has added 2,944 sf to its lease, executed in February 2001 with the proviso that room would be there to expand when it was time. The 150,593-sf class A building is now 93% occupied.
MIAMI-Boca Raton, FL-based Woolbright Development Co. paid Regency Centers of Jacksonville, FL $115 per sf for the 110,867-sf, 15-year-old property at S.W. 8th Street. and 137th Avenue.
PHILADELPHIA-The 559,135-sf regional factory outlet center on 76 acres in Lancaster, PA is 94% leased to 107 tenants, including Nike, Sony, Bose and other national companies. It was completed in 1985 by Lancaster-based Fisher Development and has 14 single-level buildings.
RANCHO BERNARDO, CA-The provider of technology outsourcing services and document imaging solutions has completed the design of its proposed 70,000-sf corporate headquarters in Rancho Bernardo and is preparing to begin construction on the project.
DETROIT-Ranging from development of new manufacturing plants and mixed-use space, projects in Chesterfield Township, Kalamazoo County, Romulus and Traverse City receive assistance from two public agencies.
FAIRVIEW, OR-The planning commission approved enlarging The Lodges at Lake Salish from 178 units in July. The City's own Public Works Department appealed the decision, forcing it in front of the City Council.