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HOUSTON-Wells, an Atlanta-based REIT, has shelled out $45 million for the class-A Enclave Parkway. The top-of-the-line property, totaling 312,564 sf, is fully leased to Stone & Webster and Sysco Corp.
DENVER-CMC Commercial Realty Group is laying the groundwork for a 177,136-sf office flex project in Inverness. The Dallas-based group has snatched up the last of the park's available flex space for the $17.7-million undertaking.
NEW YORK CITY-Winstar Communications, a wireless systems and services firm, is headquartered at the property and is its principal tenant. A Clarion subsidiary will lease and manage the building.
STAMFORD, CT-World Wrestling Federation Entertainment Inc. has shelved its plans to develop a $100-million wrestling-themed hotel/casino in Las Vegas. It bought the property from Debbie Reynolds at auction in 1998.
DENVER-The city's Uptown neighborhood is in the midst of a makeover that is triggering a record-breaking building boom. More than 50 projects, with an aggregate completed value of more than $300 million, are feeding a rebirth of eclectic properties.
CLERMONT, FL-United Methodist Church of Clermont is offering $500,000 or $8.33 per sf for the former 60,000-sf South Lake Hospital complex, 25 miles west of Downtown Orlando. The amount is three times less than the appraised value of $1.7 million or $28.33 per sf.