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MUNDELEIN, IL-Venture One Acquisitions, LLC pays $1.8 million for 750 Town Line Rd., occupied since its 1974 construction by medical supply giant Baxter International Inc. Besides location and tenancy, building condition is a plus.
HOUSTON-With industrial sales and growth so brisk, an apartment developer closes a 12-acre buy with a plan in mind for the northwest submarket. In the same corridor, a father-and-son team buy nearly two acres.
ATLANTA-A Midwest-based institutional investor has acquired Dunwoody Gables, a 311-unit rental apartment community in Dunwoody, GA.. Gables Residential sold the asset at a 7.5% cap rate.
RESTON, VA-The Virginia Baseball Stadium Authority moves ahead with plans for a new baseball stadium somewhere in northern Virginia, even though a decision from Major League Baseball on whether a franchise will be located in the area is not expected for several months.
PHOENIX-A regional package delivery service bundles up its Phoenix operation and heads into a 10,450-sf facility at 3618 E. Southern Ave. The firm is relocating from 3401 RE Harbour Dr. and doubling its Phoenix capacity in the move.
ORLANDO-Osceola County is changing the June 1 deadline and asking developers to submit letters of intent a little earlier than previously scheduled on the planned $100 million, 486,300-sf project.
DALLAS-The popular retailer takes its restructuring a step further in hiring Dallas-based Staubach to steer a 70-store disposition plan in 18 states. Texas loses 15 of its 55 stores, more than any other state.
LONDON-Amsterdam in the Netherlands has seen its biggest retail letting in over a decade, with UK retailer JJB Sports taking the former Marks & Spencer store at 66-72 Kalverstraat on a new lease from landlord Fortis.
MIAMI-Douglas E. Driver joins the locally based real estate investment and merchant banking firm as vice president and reports to managing director Timothy E. Martorella.
PORTLAND-The two-building, 38,000-sf historic property has been two-thirds empty since Agency.com walked out on its lease last November and had to be sued for a settlement. The owners listed the property at that time, but recently lowered the price to $40,000 less than they purchased it for five years ago.