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GENOA TOWNSHIP, MI-M. Krug Investments will use the 26,600-sf industrial building on Victory Drive for its nearby automobile dealership. Grubb and Ellis of Southfield, MI represents both parties in the deal.
ATLANTA-The brokerages are expected to begin work Sept. 1. Crow will manage and lease 35 million sf of the Charlotte-based bank's properties in the Eastern and Central states. JLL will look after 31 million sf in New York, Chicago and the Western states.
HOUSTON-Ostler International, an importer and distributor, is prepping for a move into 21,600 sf of industrial space in Houston's northeast submarket. Nationwide, Ostler occupies 280,000 sf at its 15 locations in 35 states.
DENVER-MSAS Global leases 43,063 sf at Stapleton Business Center, Applied Industrial Technologies renews for 42,502-sf at Havana Business Center and Gard' n-Wise Distributors renews its 25,590-sf lease at 11633 E. 51st Ave.
LONDON-Goldman Sachs has snapped up the remaining office space at Mitsubishi's Paternoster Square site in the City of London. The third substantial letting in as many months means the scheme is now fully pre-let.
SAN DIEGO-The search for a developer to build a convention center hotel on the former Campbell Industries shipyard property has resumed. The development has been billed a "must-do project.
NEWPORT BEACH, CA-The locally-based company has sold the 27,603-sf facility to a company specializing in the installation and engineering of telecommunications equipment. The Inland Empire continues to attract industrial tenants, even in the face of a sluggish economy.
NEW ROCHELLE, NY-AvalonBay Communities announces that its $92 million, 412-unit high-rise rental apartment complex here is attracting significant leasing activity. So much so that the company is now moving forward to gain approvals on a $155 million, 588-unit complex down the street.
ORLANDO-Park Development Corp. president David Townsend is going with five-year-old Vance Realty to handle sales at his $70 million, 200-unit Plaza del Lago Condominiums scheduled to break ground in September.