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OWINGS MILLS, MD-Toyota and Lexus Financial Services opens its Eastern Region Customer Service Center after leasing the 100,000-sf space at Red Brook Financial Center. Leasing rates at the multi-structure office complex are in the $18 to $20 per-sf range.
PHOENIX-SAISE gets 10 acres to expand its impoundment yard and seller, Presto Casting, doesn't have to move from West Luke Avenue. It's all because the state has scrapped plans for Paradise Freeway, opening the door for a sale.
LONDON-British Land has secured an enhanced planning consent for No2 Plantation Place, the second phase of its redevelopment of Plantation House in Fenchurch Street, London EC3, adding 12,820 sf to bring the phase to 155,242 sf.
OLYMPIA, WA-The Grays Harbor Public Development Authority violated numerous laws in connection with a tenant at the failed nuclear power plant turned industrial park, according to a report released this week by state Auditor Brian Sonntag.
CHICAGO-No homeowners would be displaced, nor additional parcels acquired under a tax increment financing proposal for an area between the 4100 blocks of Drexel Boulevard and Cottage Grove Avenue.
BEE CAVE, TX-The developer is hard at work on the second of three buildings in its Preserve development. The building is more than half pre-leased to a title company and a dentist's office in a community alive with development activity.
CHICAGO-The embattled accounting firm's $14.44 per sf average lease rate in nearly 700,000 sf in two Downtown buildings is below market, Prime Group Realty Trust executives note in an earnings conference call.
ORLANDO-The four-year-old Memphis, TN-based online timeshare/vacation resort booking service company nears its goal of 4,000 managed units after signing a three-year property management contract with Panama City, FL developer Rick Rushing for his 22-story, 193-unit Celadon Beach Condominium project, 250 miles northwest of Downtown Orlando.
NEW YORK CITY-Thomas Properties purchases the 29-story Center City Philadelphia asset on behalf of the California teachers' pension fund. Ohio State Teachers Retirement System is the seller with CBRE acting as broker.
SAN MARCOS, CA-A REIT has opened the 148,259-sf Campus Marketplace shopping center at the southwest corner of Discovery Street and Twin Oaks Valley Road.