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CARLSTADT, NJ-The sites, ranging up to just over five acres in size and fully approved for development, are being marketed as industrial build-to-suits by SBWE, Inc.
SOUTH ORANGE COUNTY, CA-New research points to a slight increase in the overall vacancy level in South Orange County's office market, as the rate has increased from 17.31% in December to 17.60% in January.
CHULA VISTA, CA-Hitachi Home Electronics will be making its home here, with an 85,000-sf headquarters. The electronics manufacturer will lease the facility within six months and for a minimum of 10 years.
CHICAGO-A 69,016-sf lease with Clear Channel Communications, along with a 34,500-sf less in the final stages of negotiations, will leave 25% of the sublease space Jackson, MS-based Parkway Properties, Inc. inherited in the $173.5-million purchase from Tishman-Speyer.
COLUMBIA, MD- The Rouse Company hands over eight of its village center retail centers and three other local properties--much of its Columbia interests--to create the joint venture K-R Columbia Properties. The partnership involves Rouse and Kimco Realty Corp. affiliates.
ST. AUGUSTINE, FL-Florida East Coast Industries Inc., the largest commercial and industrial conglomerate in the state, lost $61.4 million in fiscal 2001 compared to a profit of $25.8 million in 2000. But the company's real estate division logged record revenue. Spec development is out for now.
DEERFIELD BEACH, FL-The five-year lease at Building 7, Enterprise Center, has an estimated aggregate value of $434,945 and brings the 49,440-sf structure to 100% occupancy. Average asking triple-net rent is $7.84 per sf.
SCOTTSDALE, AZ-Spin Cycle decides to downsize after selling part of its nationwide coin-operated laundry business. The firm goes from 15,000 sf to 9,300 sf and into the Scottsdale Executive Center at Scottsdale Airpark.
BELLEVUE, WA-The title insurance company will occupy 5,400 sf on the first floor of the North Tower, where average annual asking rates are $25.50 per sf and tenant improvement dollars are $30 per sf.
HOUSTON-A two building project for manufacturing and distribution will rise on about 1.2 acres in Houston's far northwest submarket. Polymer Dynamics' project will complement a North Houston operation.