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PORTLAND-Out of 18 locations the Troy, MI-based retailer operates in Oregon, only one rural location is included in a list of 284 stores that Kmart next week will seek approval to close as part of its "initial Chapter 11 financial objectives review.
AUSTIN-Dell Computer today has confirmed it's looking for tenants for 240,000 sf of leased space instead of 160,000 sf situated in the southwest submarket. As office space is taken, the plan is to relocate workers to Dell's Round Rock or Parmer campuses.
MINNEAPOLIS-Rottlund stock is de-listed from the American Exchange and will go private as the Rotter family now owns 90% of the outstanding common shares. The process still has several months to go.
DENVER-The multifamily rental REIT chooses CarrAmerica Realty's Panorama Corporate Center V because of its location offering relatively quicker commutes for employees, some of whom already work at Panorama VI.
NEWARK-The organization, formed in 1964 to promote the state's largest city, has had its city funding taken away, making it essentially insolvent. The move follows a forcing-out of executive director Al Faiella.
HOLLISTON, MA-Comptel Services acquires a 30,000-sf industrial building here on 100 Jefferey Avenue from Secgen LP for $1.6 million. The building is 50% leased in an area with a recent vacancy rate of 11.3%.
WINDER, GA-The Fort Myers, FL-based 304-store chain has contracted to buy the former 50-acre, 200,000-sf Duck Head Apparel Co. Inc. headquarters and distribution center here from Tampa, FL-based Tropical Sportswear International Corp. for $7.2 million or $36 per sf. Closing is set for early April. Winder is 35 miles northeast of Downtown Atlanta.
GLASGOW-Edinburgh-based Esk Properties has been selected by West Lothian Council to develop a 5.2-acre strategic site in Livingston town centre with a 160,000-sf mixed use scheme.
DALLAS-The City of Dallas heads to France to do its part to promote international trade and corporate relocations to the Dallas-Fort Worth metroplex. The promo will include Harwood International's CEO Gabriel Barbier-Mueller.