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ATLANTA-ABM Property Corp. paid Mitsubishi Electronics America $6.1 million or $30.5 per sf for the seller's distribution center in the commercially-hot Interstate 85 corridor's northeast market. BellSouth occupies the property on a long-term lease.
TARRYTOWN, NY-Framework Inc., an Internet-based loan fulfillment solutions firm, has expanded its corporate headquarters operations at 303 South Broadway in Tarrytown by signing a lease for 24,720 sf of space.
WASHINGTON, DC-The pay differential among managers can vary dramatically depending on what part of the country they live in. Leasing consultants, however, seem immune from a compensation bias based on geography.
AUSTIN-Greenleaf Technologies Corp., an Austin-based software and security solution provider, is launching a new division to be headed by a recognized DVD expert, David Newcomb.
TACOMA, WA-The $5.8 million structure being developed by the Martin Luther King Housing Development Association is targeting low-income seniors. It will feature 49 apartments and about 10,000 sf of retail/commercial space.
STERLING, VA-The Claude Moore Charitable Foundation wants to rezone a 600-acre tract next to Dulles Airport for higher density development. The Loudoun County site lies near the heart of a fast-growing area of a county known for resistance to development.
DURHAM, NC-The USCO Logistics lease is one of the largest this year at a Triangle warehouse site. The transaction at the 456-acre Imperial Center has an estimated value of $2.25 million.