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SCOTTSDALE, AZ-The 91,803-sf Lincoln Center gets a five-year tenant in a deal valued at $750,000. Of course, owner Anthem Properties' bigger deal is down the road, with a would-be buyer holding a contract on the class B building.
SUGAR LAND, TX-Mission Equities of Texas secures permanent financing through Ohio National Life Insurance Co. of Cincinnati, thanks to the efforts of a loan originator with Houston's Live Oak Capital. The office building is 95% occupied.
BOSTON-Foley Hoag LLP moves into its new office at World Trade Center West, the recently completed, 17-story, 530,000-sf tower located in the Seaport district. The locally based business law firm will occupy the top seven floors, or 40%, of the building.
MORRISTOWN, NJ-The Hampshire 2001 Fund, which has investments retail properties, US Post Offices and warehouse/distribution facilities, is expected to close by the third quarter of this year.
SAN JOSE-Since United Artists' hasty departure two years ago, the Pavilion movie theaters in Downtown San Jose have been vacant. Now, the city and Cinelux theater chain will revive the 2,500-person space.
WOBURN, MA-The Davis Cos. sells 300 Wildwood Ave. to Taurus New England Investments for $3.1 million. The property's stable cash flow and value-added potential attracted Taurus to the deal, which is indicative of the kind of deals investors are making these days in this market.
CHICAGO-The local retail REIT picks up 65 acres and 1 million sf two blocks from its Ala Moana Center in Honolulu. Meanwhile, its $1.1-billion purchase of JP Realty, Inc. goes before shareholders of the latter REIT in July.
PORTLAND-Title records confirm an earlier report that Lehman Bros., which loaned Fowler Flanagan most of the money for its $14-million purchase of the building in 2000, bought back the building at the end of April. The price: $17.8 million.
RESTON, VA-Reston Town Center District's two-building Discovery Square complex reaches 85% capacity with telecommunications firm SI International Inc.'s commitment to 57,328 sf in the 180,000-sf Two Discovery building.
SCOTTSDALE, AZ-Koala Blu readies a 4,387-sf spot at the Scottsdale Horizon while furniture distributor, Steiner, heads into 3,907 sf at the Village at Prescott Gateway. The premier retail locations come with good neighbors.