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LEOMINSTER, MA-Holiday Housewares, Inc, a manufacturer of plastic containers, is close to a deal to acquire the former Tucker Housewares building here. The 566,000-sf facility is this city's largest factory and has been sitting empty for over a year.
FORT LAUDERDALE, FL-Price and terms were not disclosed but the Nashville, TN-based company expects to close on the deal in 30 days. Industry sources speculate the price could be based on a negotiated percentage of the $70 million a year in estimated gross revenue that USA Parking produces each year.
OAK BROOK, IL-Great Lakes REIT posts a slight increase in funds from operations despite occupancy falling nearly two points to 90.5%, largely due to Wausau Insurance leaving One Park Place in suburban Milwaukee.
STAMFORD-Reckson Associates and a joint venture of Lend Lease and CQ Properties have put their respective office buildings in White Plains at 235-245 Main St. and 1351 Washington Blvd. in Stamford on the market.
CHANDLER, AZ-Tempe investor Dick Berry has bought the 42-unit Tuscany at Chandler Apartments from another Tempe investor, Sean O'Carroll. The complex is located in a Phoenix suburb, with higher rent and vacancy than the rest of the Valley.
POWAY, CA-The former General Dynamics Corp. property on the city's northeastern edge will be home to apartment units and houses under a plan approved by the San Diego City Council.
AUSTIN-AmeriSuites has unlocked the doors to its newest property, an 80-room facility near the Austin-Bergstrom International Airport. Austin-based Spirit Development holds a 20-year franchise pact for the property.
ATLANTA-The 14-building, 906,000-sf business center in DeKalb county is expected to generate a price of about $86 million or $95 per sf, area brokers familiar with the industrial submarket at Interstate 285 and Northlake Parkway tell GlobeSt.com.
BELLEVUE, WA-A commercial insurance company has signed a lease for 14,258 sf of office space on the fifth floor of the Civica Office Commons in Downtown. The new building's occupancy has now topped 85 percent.