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LONDON-The Hermes Property Unit Trust has sold Salisbury House and Sutton House, two multi-let office buildings at Weyside Park, Godalming, Surrey, to Aberdeen Property Asset Managers.
NILES, IL-Promotional products distributor HALO Industries, Inc. will move operations from its 267,344-sf state-of-the-art office building in this north suburb to Sterling, IL; nearby Skokie and west suburban Oak Brook.
LOS ANGELES-The building was acquired by an industrial investment group that resigned the existing tenant for an additional 15 years. The seller was San Francisco-based Catellus Development Corp.
ORLANDO-Large industrial tenants are consolidating distribution centers into 500,000-sf-plus structures at fewer locations but at properties built to their specifications, brokers, developers and owners tell GlobeSt.com.
AURORA, CO-J. Ryan Martin will assist in all facets of his new company's 1,000-acre Majestic Commercenter in Aurora as well as analyze new acquisition opportunities for the southern-California-based company.
DENVER-One of the world's largest international industrial real estate investment trusts borrows at an initial interest rate of about 1.07% to fund land acquisition and development in Japan.
DETROIT-Ashley Capital plans to buy the 156 acres and build a 750,000-sf warehouse and distribution building. Other facilities will be encouraged. Dynecol Industries has purchased additional properties in the zone.
ISELIN, NJ-The locally based development firm is offering individual class A office properties of 200,000 and 90,000 sf near a key Northeast mainline rail station.
MESA, AZ-Falkin Platnick Realty Group of Cranford, NJ spends more than $52,570 per unit for the 194-unit the Pines in Mesa. The firm is laying the groundwork for upgrades in excess of $250,000 for its first Valley acquisition.
HOPKINTON, MA-EMC Corp. will lay off 10% of its work force--its largest layoff ever. A company spokesperson tells Globest.com that the company is looking to consolidate its current operations and the fate of two facilities under development is unknown.