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WARREN TWP., NJ-Independence Technology will join another Johnson & Johnson company, Cordis, as tenants at Mt. Bethel Corporate Center. Owner Atlantic Real Estate has another 194,000 sf on the market.
CARROLLTON, TX-A workplace solutions group is the first tenant signed to 475,000 sf of next-generation showroom and distribution space at the 165-acre Frankford Trade Center. Herman Miller Workplaces Resource is planning a mid-summer move.
NEW YORK CITY-Experts report seeing an increase in the amount of concessions offered to tenants. With a slowing market, tenants should prepare to bargain for more in terms of free rent, construction time and more.
AUSTIN-The Goodnight family is looking forward to the opening of the new Hill's Cafe as much as the new owners. The founding family has turned down offers through the years, but this offer had been different. It's a chance to maintain an Austin original.
MINNEAPOLIS-Patrick Borgman comes to Welsh Cos. from Kraus-Anderson, where had won the top producer award last year. He will specialize in office tenant representation and corporate real estate services.
NORTHLAKE, IL-American Bottling Co. renews its lease for 879,000 sf at 400 N. Wolf Rd. in the O'Hare submarket and takes an additional 32,000 sf in Oak Brook-based CenterPoint Properties' 1.53-million-sf office and warehouse building.
PHOENIX-One of the largest industrial developers in the country will break ground this week on a 200,000-sf business park in one of the hottest areas for industrial and office development in the Valley.
ANN ARBOR, MI-The civil engineering company will help design the ArvinMeritor facility, which will include 15,000 sf of office space and 155,000 sf of manufacturing space, at Fort Street and Crawford Avenue in Detroit.