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PHILADELPHIA-Locally based Binswanger/CBB negotiates the sale of the Bucks County, PA property for an undisclosed price that local brokers tell GlobeSt.com was approximately $500,000. The buyer plans to open a Bucks County Beauty Supply store on the property.
NEW YORK CITY-The global customer-service management firm will spend $8 million to build out the former Woolworth building, purchased yesterday by Jefferson County. The deal is considered a major North Country coup that will bring 700 jobs to the area.
ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa office, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
HOUSTON-It's the third land sale in about four months for Caldwell Watson in its main market of Northwest Houston. The New Hope Community Church takes title to a site along West Greens Road for a second church.
EDISON, NJ-Generic pharma company Able Labs has expanded by 21,500 sf, and Comstar Interactive has taken new HQ space at separate locations in Central New Jersey.
ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa division, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
NAPA, CA-TIG Specialty Insurance Solutions has signed a long-term lease with Bedford Property Investors for 21,000 sf at Carneros Commons, a 77,175-sf development located within Napa Valley Corporate Park.
OAKLAND-Entrust Administration has signed a long-term lease with Shorenstein Co. to occupy office space at 555 City Center, the newest building at Oakland City Center. The lease agreement is effective as of September.
SAN DIEGO-The Rincon San Luiseno Band of Mission Indians broke ground on the 65-acre project near Valley Center in July 2001. The tribe is moving Thursday from temporary quarters to the permanent 200-room luxury resort.
MESQUITE, TX-Texas gets to hear its role in ProLogis' $200-million investment in Unilever distribution centers. Information is being piecemealed to affected markets. The 30-acre, project delivers in December as a four-state regional hub.