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Orange Enters US with 24,000-SF Facility

remstaff &Globe Street | July 23, 2002

CAMBRIDGE, MA-London-based Orange Personal Communications Services Ltd. takes 24,000 sf at 175 Second St. to make its first foray into across the pond. The communications firm will use the space as an R&D facility.

Henderson Buys 138,000 SF Birmingham Landmark

remstaff &Globe Street | July 23, 2002

LONDON-Henderson Global Investors has purchased a landmark 138,000-sf refurbished office complex at 1 Hagley Road, Birmingham from The Raven Group.

Law Firm Grows Lease to 114,000 SF at Bank of America Plaza

remstaff &Globe Street | July 23, 2002

ATLANTA-Locally based Hunton & Williams expands from 94,000-sf and renews its lease through spring 2009. Terms were not disclosed, but brokers suggest the rate is between $22 and $23.50 per sf. Area brokers estimate the aggregate value of the lease at $16 million.

School Developers Acquire Nearly 75 Acres in Houston

remstaff &Globe Street | July 23, 2002

HOUSTON-The Lutheran Association buys about 74 acres for a private school in the city's far southwest corridor while a Houston couple takes the deed to about an acre in the far northwest in a plan to develop a karate dojo.

Another Small User Sheds Lease for Deed, Pays $977,632

remstaff &Globe Street | July 23, 2002

PHOENIX-Kwik Products vacates a leased site at 38th Place and Broadway Street for a 17,615-sf building along South 35th Street in Phoenix. The seller bought the 27-year-old building six months ago, did some upgrades and sold for a profit.

West Coast Hospitality Renews $68M Credit Facility

remstaff &Globe Street | July 23, 2002

SPOKANE, WA-The revolving facility is a syndicate of six lenders. The agent is U.S. Bank. The most current interest rate under this credit facility was set at 4.375%. The maturity date is now July 2005.

Dallas Sublease Space Puts 8.5M-Plus SF Squeeze on Market

remstaff &Globe Street | July 23, 2002

DALLAS-Cushman & Wakefield of Texas researchers say there are 483 sites available, of which 163 carry near-term expirations through January 2004. As for the rates, they are undercutting direct space rent anywhere from 28 cents per sf to as much as $4.69 per sf.

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Orange Enters US with 24,000-SF Facility

Henderson Buys 138,000 SF Birmingham Landmark

Law Firm Grows Lease to 114,000 SF at Bank of America Plaza

School Developers Acquire Nearly 75 Acres in Houston

Another Small User Sheds Lease for Deed, Pays $977,632

West Coast Hospitality Renews $68M Credit Facility

Dallas Sublease Space Puts 8.5M-Plus SF Squeeze on Market

REIT to Expand City's Oldest Shopping Center

Detroit, Kalamazoo Get Redevelopment Grants

Summit Nabs Seventh Wal-Mart Project

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