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ATLANTA-The locally based REIT bought an 87,216-sf, class-A office building at 4000 Johns Creek Court in Suwanee, GA, 30 miles northeast of Atlanta. The building is 100% leased to Kraft Foods and PerkinElmer Instruments.
TUALATIN, OR-Local Panattoni Partner Mike Wells tells GlobeSt.com grading is underway and buyers are lined up to purchase all of the building-ready lots that are being created. It is the first phase of a planned 500,000-sf corporate center.
SAN FRANCISCO-The 400,000-sf, two-year-old office tower is bordered by Fremont, Howard and Beale streets. Local real estate sources Munich-based GLL Real Estate Partners GmbH paid about $95 million.
RANCHO CUCAMONGA, CA-Empire Commercial Real Estate receives unanimous approval from the Rancho Cucamonga planning commission to build a $40-million multifamily development. It is the first multifamily project planned by Empire Commercial, which plans to break ground on the development later this year.
DALLAS-Prescott Realty says the competition was stiff for the new player in town. The ground-floor space and station location along a high-speed rail line get Corinthian College to sign for its first Dallas campus.
MURRAY HILL, NJ-The two separate deals, one in New Jersey and the other across the river in Pennsylvania, were arranged by the local office of The Staubach Co.
ORLANDO-In a deal expected to close before year end, the Orlando and West Palm Beach, FL developer/investor is acquiring the 221,916 sf of assets from Orlando Regional Healthcare Systems for his Dasco Cos. for $20.2 million, a below-replacement cost number, area brokers tell GlobeSt.com.
DETROIT-Area warehouse, manufacturing and R&D space is moving forward, brokers say, but lease rates for signed deals are off as much as 20% from asking prices.
ATLANTA-Wells Capital Inc. of Norcross, GA bought the 786,778-sf, two-building distribution center in the Spartangreen Industrial Park in Duncan, SC for $34.19 per sf.
BOSTON-The ongoing debate over who will control the Surface Artery, the 30-acre swath of prime real estate that will be created by the Big Dig, will continue for a little while longer. The bill to create a trust composed of city and state appointees failed to make it through the legislature.