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BRIDGEWATER, NJ-The Garden State's economy welcomes yet another major transaction by the global pharmaceutical community. German-based Aventis, the result of Hoechst/Rhone-Poulenc merger, solidifies North American operations.
ATLANTA-The estimated $175-million deal for the three-building, 886,000-sf Atlanta Financial Center is expected to close by March. Overseas Partners Capital, the seller, bought the 97%-leased asset in 1996 for $123 million.
CHICAGO-The Netherlands-based bank holding company proposes building two 30-story, 2.5-million-sf offices towers on a city block just west of the Richard Ogilvie Metra train terminal with city and state help.
EAST RUTHERFORD, NJ-The sale of a South Jersey office portfolio and a rash of lease transactions by broker's Garden State offices ends "double-zero" pretty much as it began--with a high level of deal-making activity.
AUSTIN-The "Storm's" coming to 8303 Mopac Blvd. Ion Storm, a computer game designer, has successfully jockeyed for 19,915 sf in the 251,000-sf, four-story building.
NEW YORK CITY-Brokers from the company based here arranged the acquisition of the Union Meeting IV building on behalf of Berwind Property Group. This is yet another deal, strengthening C&W's presence in the mid-Atlantic region.
BETHESDA, MD-Hines, an international real estate firm, is slated to pay about $120 million for two Washington-area office buildings. The company plans to purchase Capital Gateway II and IV, twin five-story 574,000 sf office buildings.
ATLANTA-A major Hines Interests Inc. development is replacing a planned office building with an 18-story, 200-unit apartment complex. Locally-based Harbor Cos. is breaking ground in the second quarter on the first of two planned high-rises.
CRANBURY, NJ-Three office facilities, acquired in 1998, were extensively renovated and re-leased to get them ready to sell at the right time, which just happens to be now.
SOUTH SAN FRANCISCO-The San Mateo-based company, in a joint venture with local developer Harvey Chapman, pick up three buildings along Gateway Boulevard, where Raiser already has substantial ownership.