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BELLEVUE, WA-Listing agent Chris Reid of Colliers International says finding tenants will pose no problems, despite a recent report by the Federal Deposit Insurance Corp. warning of overbuilding on the Eastside. "I don't quite understand the concern," says Reid.
ORLANDO-The Orlando division of the Texas-based builder is taking the entire fourth and seventh floors totaling 19,222 sf for five years at FOA Orlando's 151 Wymore Road Building in Altamonte Springs, FL.
BALTIMORE-Prime Retail, based here, hopes to raise $150 million net proceeds in several transactions and a financing arrangement. The company is looking to an affiliate of Fortress Investment Fund LLC for stabilization.
NEW ROCHELLE, NY-Cappelli Enterprises, owner of the New Roc City Family Entertainment Center in Downtown New Rochelle, reports four new lease deals totaling approximately 52,000 sf of space.
MONTCLAIR, NJ-The upscale health club chain reaches the 20-facility mark in the Garden State after a 20,000-sf site is leased in a Garrick-Aug arranged transaction. The chain is implementing a long-range expansion plan.
CORAL SPRINGS, FL-Ralph Engelstad, a former University of North Dakota hockey star who became a prominent Las Vegas property owner, has sold his 271,815-sf Florida Sunrise Tower here to Preferred Coral Springs 1 for $57.36 per sf. Coral Springs is 40 miles north of Downtown Miami.
EDINA, MN-The ommercial real estate veteran will head up expansion and disposition of food company's grocery stores. The firm has 122 outlets in the Upper Midwest and Southeast.
ASHLAND, OR-Despite two people's effort to stop the project, OSF officials are holding a groundbreaking ceremony today for the four-story, 33,000-sf theater building designed by Thomas Hacker & Assoc. of Portland and funded in large part by Shakespeare-loving, high-tech billionaires.
CONCORD, CA-A new upscale interior design store by Home Depot is opening here and in Palo Alto this week, while REI and Border Books expand their presence with new area locations.