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NEW YORK CITY-The buyers are Coventry Real Estate Partners, based here, and Cleveland REIT Developers Diversified. Local firm Rockwood Realty Associates represented the seller, a Lehman affiliate.
PHOENIX-Fluoresco Sign & Lighting uses a 1031 Exchange, in part, to acquire a 56,000-sf manufacturing site built in the mid-1980s. First Winthrop of Boston is the seller of 3000 E. Chambers St.
FEDERAL WAY, WA-A councilman here motions for the city to consider buying the 80-acre, 740,000-sf SeaTac Mall in Federal Way, but his fellow councilmember balk at the thought.
SAN ANTONIO-The popular doughnut maker is eyeing an early October opening for its first San Antonio store. Franchisee Glazing Saddles of Austin has its scouts out for a second location in the Alamo City.
SAN DIEGO-Mitsui awards a local brokerage the leasing contract for Gateway I and II, a 725,000-sf industrial and office park in Otay Mesa at the San Diego-Tijuana border crossing.
DALLAS-MSC Industrial Direct, a tools and machinery supplier, crafts a renewal for 12,665 sf at a Brookhollow building while United Computing Group stays put in 6,700 sf in a North Dallas structure.
LONDON-Property returns are improving at a time when other investment media are causing investors concern, new research from JLL and Insignia has found.
HOUSTON-A start-up eatery taps 6,500 sf for the next five years in a 35,000-sf expansion at a Regency Centers-owned plaza. The broker says it's the place to be since nearby residents have been courting the developer for a sit-down restaurant.
ATLANTA-Continuing its shopping spree throughout the Southeast, the Oak Brook, IL-based retail REIT pays $11.6 million for 68,934 sf of the 431,947-sf shopping center, co-anchored by Wal-Mart and Home Depot which occupy a total 351,000 sf.
DALLAS-One legal team takes 10,190 sf at Bank One while another re-ups for 12,866 sf at Fountain Place. The law firms' pacts are evidence of the common chant that the CBD's class A properties are holding their own in a high vacancy market.