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ATLANTA-Alltel Communications Products has signed a seven-year lease on Meadows X in the Meadows business park at an estimated aggregate rent of $6 million. Area rents are $5.25 per sf to $8.50 per sf.
ORLANDO-With zero fanfare, the automaker plans to complete the $19 million facility at Airport International Park of Orlando by yearend. The company will move its Southeast warehousing/distribution operations from a 200,000-sf structure Chrysler has used in Orlando Central park since 1971.
HOUSTON-Wal-Mart has grabbed a 17-acre tract at First Crossing in Sugar Land, where it is now pushing dirt on the region's 12th Sam's Club. The Wolff Cos. First Crossing is now looking for office and restaurant developers for the balance of the development.
SAN JOSE, CA-Software titan Cisco Systems on Friday refuted published reports that the company is planning a power plant within its approved 688-acre Coyote Valley Research Park, saying it has barely begun to analyze the idea.
FARMINGTON HILLS, MI-Demand for good office space in Detroit and the Metropolitan Area will soften in next five years, but it will still exist, said the company.
WASHINGTON, DC-CarrAmerica Realty reports a strong finish to 2000 with an FFP return of 15.6%. The company's operating performance remains strong with an average occupancy rate of $96.9% and projects in work with commitments at 95.5%.
PLEASANTON, CA-The real estate firm says it now holds title to the five-building, 559,829-sf office park here on behalf of the National Office Partners Limited Partnership and CalPERS, the California Public Employees' Retirement System.
BURBANK, CA-A software firm has purchased a 72,000-sf building in the Burbank area for nearly $10.7 million, a signal that small and mid-size investors have faith that property values and rents will go up.
KANSAS CITY-New York New York Clothing opens in Blue Ridge Mall while two Hit or Miss chain stores will remain open in this market after their parent company files for Chapter 11 bankruptcy.
KANSAS CITY-The Zimmer Cos. and DST Systems Inc. are in the running for a contract to draw plans and create a development strategy for riverfront property between the River Market area and the Missouri River.