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PEABODY, MA-East Boston Savings Bank relocates its corporate headquarters to a 36,000-sf two-story building it developed for $10 million in the North Shore. Representatives of the bank searched for a site in its former neighborhood but could not find an appropriate location.
AUSTIN-Air cargo traffic dips 16% in February comparisons while the first two months of the year reflect a 20% decline. International air cargo was the bright spot in the latest report of the Austin-Bergstrom airport.
ATLANTA-Green Street Properties LLC plans to bring 1.5 million sf of new mixed-use buildings to the city's inventory. Work is expected to begin in September on the new urbanism community, which was most recently a concrete recycling plant two miles from the center of Downtown Atlanta.
ORLANDO-Coming off a record fiscal third quarter profit of $66.2 million, the world's largest casual seafood restaurant chain (1,194 stores) names new presidents for Red Lobster and Olive Garden. Exiting presidents Bradley D. Blum and Dick Rivera move into a new vice chairman positions.
DULLES, VA-Washington Dulles International Airport now has its own parking spaces with the debut of a $45-million parking garage--a first for the 40-year-old airport. The five-story structure accommodates 3,700 cars and will be followed by another similar parking facility later this year.
CYPRESS, CA-The company, MCSi, signs a five-year lease for office and R&D space in the Cypress Business Park. The transaction is valued at $1.7 million.
PORTLAND-Gramor Development Inc., developer of the year-old, 203,000-sf office and retail project, secures the financing from Deutsche Bank through L.J. Melody. The property serves as the corporate headquarters for Metro One Communications and includes retail tenants such as Chevron, 24-Hour Fitness, and Walgreens.
WAYNE, NJ-Less than a year after North Jersey Mica leased the facility with an option to buy, the company has exercised that option on the industrial property.
VERNON HILLS, IL-This central Lake County suburb has buildable land for a multifamily complex, and AMLI Residential hopes to close on a site this year. AMLI's 2001 purchase of a complex in nearby Gurnee has been a winner at a time when vacancies have risen.
WAREHAM, MA-Flagship Cinema wants to develop a 12-screen multiplex near Route 495. The project would be the town's first movie theater and would be built on a 50-acre parcel on Route 58 and Doty Street.