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TEMPE, AZ-The 37,600-sf Pepperwood Plaza has been sold for $3.7 million to a Phoenix-based private investor. The sale does not include anchor ABCO or a freestanding Burger King. The property is close to the regional mall, Arizona Mills.
FOOTHILL RANCH, CA-A 39,640-sf industrial building in Foothill Ranch has been acquired for $3.3 million by a manufacturer and distributor of machine tooling equipment.
COLUMBIA, MD-Corporate Office Properties Trust are all on Alexander Bell Drive in the business park known as Columbia Gateway. This brings the company's total ownership in the park to 710,500 sf.
FORT LAUDERDALE, FL-The Dallas-based hotel company agrees to manage planned four-star hotel adjacent to the Broward County Convention Center in this city, 26 miles north of Miami. The contract's terms and value were not disclosed.
DALLAS-A Dallas businessman has snagged a prime site in the heart of the Greenville Avenue entertainment and shopping district. It's a good investment and will be land banked until the time is right for development, says a broker involved in the deal.
ATLANTA-The Chicago entrepreneur's Equity Office Properties Trust, the area's largest office space owner, shelled out $6.6 million or $942,857 per acre ($21.65 per sf) to MetLife for a seven-acre pad zoned for high-rise office towers.