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GLENDALE, AZ-The 88-unit complex's ownership changes from a California deed holder to a local one. The upside potential will be realized through some cosmetic changes and hands-on local ownership and management, says the broker.
RICHMOND, VA-Wella Manufacturing of Virginia Inc., the manufacturing and distribution center of Woodland Hills, CA hair product developer The Wella Corp., commits to a 158,700-sf building in the 12-structure, 2.1 million-sf Fairgrounds Distribution Center.
GLENDALE, AZ-The 88-unit complex's ownership changes from a California deed holder to a local one. The upside potential will be realized through some cosmetic changes and hands-on local ownership and management, says the broker.
CHICAGO-More than 11,000 sf of first-floor retail space in the 77-year-old Central Loop building is renewed by Trattoria No. 10 and Sopraffina's while Private Bank expands its deal to 7,479 sf.
PHILADELPHIA-Among a dozen leases executed by the firm for suburban Pennsylvania properties over the past three months, three alone account for 92,352 sf. Activity encompasses renewals, expansions and new tenants. The towns of Horsham and Berwyn see the most activity.
PASADENA, TX-The new store goes to a California private buyer seeking a long-term hold with a good investment return. Tenant Kohl's intends to occupy the site for 20 years, a key ingredient that attracted a bevy of bidders.
LONDON-In a move likely to open the floodgates for more high-rise development in the City of London, Deputy Prime Minister John Prescott has approved Heron's controversial plans for a 720-ft development at 110 Bishopsgate.
ORLANDO-The bright side is that corporations once again are looking at real estate ownership in place of leasing, a factor that could help fill 1.4 million sf of vacant subleased space, a new Cushman & Wakefield of Florida Inc. report states.
CARSON, CA-Expanding from Gardena, Calif., furniture designer and manufacturer Morretti's Design acquires an industrial building here from a joint venture of Carlyle and First Industrial Realty Trust for $2.68 million.
MARLBOROUGH, MA-In a deal that demonstrates the attraction of leased, quality space to institutional investors, a Boston-based real estate adviser acquires Lake Williams Corporate Center for $33.25 million.