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PHOENIX-W.L. Gore & Associates, the patent holder for Gore-Tex, continues it Arizona disposition, selling a 54,900-sf industrial holding in Pointe at South Mountain Business Park. Modern Industries' $4-million buy includes about five acres of raw land.
NEW YORK CITY-More than 77,000 sf of new and renewal lease space has been reported at the Lincoln Building, totaling $25 million in revenue. Emmes Marketing also has 30,000 sf of space available in the Plaza District.
LAKELAND, FL-The 187-unit multifamily Angler's Cove Manufactured Community received $2.85 million and the 153-unit Angler's Cove West Manufactured Community obtained $2.35 million in separate refinancings brokered by Collateral Mortgage Capital of Birmingham, AL. Lakeland is 40 miles south of Downtown Orlando.
WASHINGTON,DC-The real estate arm of the St. Joe Co. has purchased 1413 K St. here from 1413 K St. Associates for $2.8 million. The building has 30,714 sf of office space and is 86% occupied.
SUNRISE, FL-IDI gets approval to relocate a road, giving the Atlanta-based developer a green light on a 22-acre industrial-warehouse site in this southwest Broward County city 26 miles north of Miami.
LONDON-Hays Distribution has bought a 150,000 sf distribution building currently under construction on Conder's Dove Valley site in Foston, South Derbyshire.
ORLANDO-After trying to lease up and sell land at the 2,900-acre business park on its own, the owner of the 15-year-old, near-vacant property has handed the assignment to CB Richard Ellis Inc. industrial specialists David Murphy, William Tew and Kevin Hoover. Contract terms weren't disclosed.
SUMMIT, NJ-Former Kamson executive, who joined the alternative security deposit firm a year ago, will focus on both the big apartment owners and the smaller regional players.
MINNEAPOLIS-United Properties' mid-year market report concludes that vacancy rates at regional malls are up to 3.9%. Despite the rising vacancy, rental rates have held steady, according to the report.
HOUSTON-Stabil Drill, a supplier of oil field drilling equipment, has bought a four-building industrial complex in the city's northern tier. The buyer's broker says at least $100,000 will be going into upgrades.