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DALLAS-It's all about opportunity and being in the right place at the right time. Wickes gets a new space and a sublease tenant for a single-tenant building. Other retail activity includes a center opening and leases in Carrollton and Fort Worth.
MIAMI-Using inhouse partnerships, the Davie, FL-based brokerage paid LEF/College Parkway LLC $11.1 million or $135.37 per sf for the 80,000-sf College Parkway Center in Fort Myers, FL; and $17.35 million or $96.93 per sf for the 179,000-sf Shoppes at Boynton in Boynton Beach, FL.
CHICAGO-Buying $88 million in property at an 11.3% capitalization rate while selling $98 million at an 8.8% cap rate is a financially healthy equation for First Industrial Realty Trust.
MUKILTEO, WA-After demolishing the Roseville Community Center, the city plans to build a $5-million, 15,000-sf city hall and a $6-million, 28,000-sf community center. The plans call for the city hall to be built first, however, and some residents are crying foul.
LONDON-Marylebone Warwick Balfour's leisure fund, the dominant investor in the UK leisure sector, has made its first disposals with the sale of the 93,000-sf phase 2 of the Teesside Leisure Park, Stockton-on-Tees, to Fordgate.
SAN FRANCISCO-BT Commercial SVP Dan Wald, who brokered one side of the deal, tells GlobeSt.com that the asking price was $45 million and there were 14 qualified buyers, none of which bid more than 10% below the asking price.
CHULA VISTA, CA-The City Council on Tuesday altered the city's general plan to accommodate the project by Eastlake Development Co., which is slated for the northeast corner of Otay Lakes Road and the proposed state Route 125.
LONDON-Staffordshire County Council Pension Fund has bought an 18.75% stake in Ashford Investor Limited Partnership, the sole owner of the 200,000-sf McArthur Glen Designer Outlet at Ashford, Kent
ATLANTA-The locally based energy holding company will consolidate two subsidiaries into headquarters on 17 floors of the 20-story, 259,078-sf, 100%-leased Ten Peachtree Place in first-quarter 2003. The lease is one of the largest this year in metro Atlanta.
PHOENIX-First Home Horizon is unpacking at its address for the next 7 1/2 years. The mortgage company joins a tenant roster that includes Grubb & Ellis, Morgan Stanley Dean Witter and Cisco Systems.