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384,000-SF Office Complex Tops Out, Adds Pre-leasing

remstaff &Globe Street | July 20, 2001

RESTON, VA-Discovery Square office complex here has topped out and its joint venture developers, Terrabrook and Boston Properties, have secured another lease for 67,158 sf, bringing the first building in the complex to more than 85% leased.

Towers Crescent Inks Deals for 62,000 SF

remstaff &Globe Street | July 20, 2001

WASHINGTON, DC-Grubb & Ellis brokers its own deal in the asset while a law firm signs for nearly 50,000 sf. Both deals are for 10-year holds.

Cummins Onan Puts 94,000 SF On The Market

remstaff &Globe Street | July 20, 2001

ST. PETER, MN-Cummins Onan is shutting down its Minnesota operations here and in Eden Prairie, MN while consolidating operations in Fridley, MN, and Mexico. United Properties is hired to lease or sell two manufacturing facilities.

Weather, Market Keeps Arsenal On Track

remstaff &Globe Street | July 20, 2001

JOLIET, IL-CenterPoint Properties Trust already has three letters of intent covering 1.7 million sf for the former Joliet Arsenal, which is being developed into a 1,312-acre industrial park featuring intermodal rail service.

Ross Stores Leases 30,000 SF in El Cerrito

remstaff &Globe Street | July 20, 2001

EL CERRITO, CA-Ross reportedly has successful stores in Emeryville, Richmond and Berkeley, and feels El Cerrito will target a market it is missing. The company signed on for 10 years in an area where triple-net lease rates are about $20 per sf.

Law Firm Signs for Under-Construction Waterway Plaza Two

remstaff &Globe Street | July 20, 2001

THE WOODLANDS, TX-A Houston-based law firm has reserved an 11,500-sf spot in the under-construction, 143,000-sf Waterway Plaza Two. Andrews & Kurth is a long-time tenant in the Woodlands community.

Office Market Report: No 'Whew' Until Early '02

remstaff &Globe Street | July 20, 2001

PORTLAND, OR-Negative overall net absorption in the second quarter pushed the overall vacancy rate to 9.8%, the highest its been since the infamous early 90's, reports the Portland office of Grubb & Ellis.

Pillar Bullish About Out of Town Retail

remstaff &Globe Street | July 20, 2001

LONDON-Pillar Property is close to clinching a deal to extend the Hercules Property Unit Trust. New investors are expected to inject additional properties into the Jersey-based fund by this fall.

Grubb & Ellis: Flood of Sublease Space Was Absorbed

remstaff &Globe Street | July 19, 2001

STAMFORD, CT-A glut of sublease space put on the market in the second quarter, due to the economic slowdown, was mitigated by countywide leasing activity in Westchester County in the last three months, according to a Grubb & Ellis report released today.

Builders Seek City Annexation

remstaff &Globe Street | July 19, 2001

LACEY, WA-MacArthur Development LLC has asked city officials to annex a 10-acre parcel on the outskirts of Lacey in order to obtain city services for future development there.

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384,000-SF Office Complex Tops Out, Adds Pre-leasing

Towers Crescent Inks Deals for 62,000 SF

Cummins Onan Puts 94,000 SF On The Market

Weather, Market Keeps Arsenal On Track

Ross Stores Leases 30,000 SF in El Cerrito

Law Firm Signs for Under-Construction Waterway Plaza Two

Office Market Report: No 'Whew' Until Early '02

Pillar Bullish About Out of Town Retail

Grubb & Ellis: Flood of Sublease Space Was Absorbed

Builders Seek City Annexation

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