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SUGAR LAND, TX-The Phoenix-based Alliance Communities rolls out a second phase to a 256-unit development bought in January as a Texas inroad. The firm is savoring its opportunity to crack Sugar Land's barrier to entry.
LYNDHURST, NJ-The distribution center, which totals more than 143,500 sf, is located in the Meadowlands submarket, one of the state's strongest. The sale price adds up to just over $58.50 per sf.
NEW YORK CITY-A 147-unit portfolio sale marks the third largest deal Uptown this month. The new owner of the eight-building package, Baruch Singer, will self-manage the properties.
DETROIT-In addition to 10 restaurants opening on East Coast, the Columbus, OH-based Damon's Grill plans an equal number in the state, primarily on the eastern half, as part of its push to reach 300 stores.
FRISCO, TX-The Preston@Lebanon Village in Frisco must be 50% pre-leased before ground breaks. A Q4 start is highly likely, says the team now wooing top-of-the-line retailers for "friendly" competition with a 1.6-million-sf mall neighbor.
CHICAGO-Reza Toulabi, who has another restaurant in River North as well as Andersonville, envisions an eatery at 9 W. Kinzie St. as well as an undetermined number of multifamily rental or condominium units.
BLOOMINGDALE, IL-The 120,822-sf Covington Corporate Center here has occupancy shored up with Rymar Inc. converting a 64,478-sf sublease into a direct lease while Toms-Price Home Furnishings extends its deal on 56,344 sf.
SAN DIEGO, CA-WFS Financial Inc. signs an 8,142-sf lease for office space at the complex. The agreement is the second lease to be inked at the park in the past week.
HOUSTON-Novell, an Internet-based solutions provider, is getting ready for a Q4 move into a building that it says has all the right stuff. The long-term signing pushes occupancy to 90% for the Means Knaus-owned office building.
FREDERICK, MD-Wells Fargo Home Mortgage's decides to stay put and renews its lease on 201,300 sf of space at the 18-structure, 750,000-sf I-270 Technology Park for a five year period. The deal includes an option to renew the lease for two additional five-year periods.