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LONDON-Rouse Kent, a subsidiary of Philadelphia-based Liberty Property Trust, has leased a 43,375-sf flex building at its Kings Hill Business Park in West Malling, Kent to futures broker Man Group.
VALENCIA, CA-Military computer systems designer Vista Controls leases 51,061 sf of manufacturing and R&D space, more than doubling the size of the company's facilities.
BEDFORD, MA-As part of its expansion plan, MicroCHIPS Inc. takes 12,000 sf at 8 Preston Ct. in a sublease deal with CIS-US. CIS, a US subsidiary of Schering AG, wants to relocate to 54 Loomis St. to be closer to its two local facilities.
ATLANTA-The Alpharetta-based fraud prevention specialist adds a second office building to its 60-acre campus at an estimated hard construction cost of $150 per sf or a total $30 million, area construction industry estimators tell GlobeSt. Com.
ATLANTA-Joint owners Crosland Inc. and Faison Enterprises, both based in Charlotte, sell the 620,000-sf, 100%-leased shopping center for $78.39 per sf.
AUSTIN-Years of controversy ends with last night's approval for 750,000 sf of office space, 250,000 sf of retail, 900 multifamily units and 830 single-family homes. Council OKs the plan on a 6-1 vote.
FRANKLIN TWP., NJ-Operating jointly as Renaissance Gateway LLC, Pennrose Properties and Renaissance Redevelopment will combine retailing and offices with a senior day care center on a 15-acre site.
ELGIN, IL-The development by Interstate Partners, LLC lures Box Packaging, Inc. from west suburban Addison, as the company buys 17.6 acres at Galvin Drive and Randall Road for a project being built by Deerfield, IL-based Kiferbaum Design + Build.
BELLEVUE, WA- Vacancy rates in the Bellevue CBD were about 26% at the end of June. Asking rates are off at least 20% from 2000 and net effective rents are typically another 15% below that, such that many tenant are renewing their leases for at or below what they signed on for the last time around.
AUSTIN-Long considered under-retailed, Austin's occupancy is a solid 95%, a slight increase from six months ago. Rents, though, remained flat. But once again, retail is the commercial market's star, says NAI/Commercial Industrial Properties.