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PHILADELPHIA-The 15-building complex on 135 acres in Lester, PA in Delaware County, consists of 1.9 million sf of manufacturing, warehouse and office space. Adjacent to the Philadelphia International Airport, off I 95, it can accommodate an additional 755,000 sf.
SOUTH SAN FRANCISCO-901/951 Gateway Blvd. LLC purchases Gateway Tech Center 1 & 2, also known as Gateway North Campus, from HMS Gateway Office LP. The flex buildings total more than 170,000-sf.
SEATTLE-Could the Downtown office market here be reaching the bottom? According to Colliers' preliminary 2nd Quarter 2000 report, the area's vacancy rate was only slightly higher than last quarter's.
BRIDGEWATER, NJ-The Texas-based developer's two-building Bridgewater Crossing, anchored by Aventis, is the final piece in this Somerset County community's masterplanned "town center," almost two decades in the making.
MIAMI-Carter W. Hopkins Jr., who comes from a family involved in Miami real estate development since the 1920s, is the new vice president of brokerage services in the Miami office of Trammell Crow Co.
BOSTON-The Massachusetts Turnpike Authority starts looking for developers to build on three parcels right near the highway behind Fenway Park. The three parcels total just over six acres but are in a prime real estate area and the air rights let a developer build over the highway.
HOUSTON-W. Roger Gregory, regarded as a local leader in real estate finance and the accounting community, takes over the senior VP and CFO role. He replaces Tom Kennedy, who is pursuing other opportunities.
LONDON- US pension fund clients of Pricoa Property Investment Management and Hines Air Property have agreed a Pounds 17 million ($25 million) sale & leaseback with technology company Scipher on a 90,000-sf R&D complex at Hayes, near London Heathrow airport.
PHOENIX-The prominent home mortgager takes office space on the first and third floors of the 301,614-sf office tower in the Camelback Corridor. It's the sixth metro Phoenix office for Dallas-based First Horizon.
REDMOND, WA-The three-year-old development wasn't intended to be a build-to-suit, but after Microsoft committed to lease the whole thing it was built out largely to the software company's high-end specifications. Hines estimates replacement value at more than $300 per sf. The sales price is expected to top $100 million.