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SCOTTSDALE, AZ-After just 30 days on the market, a 58,468-sf Plaza Cordoniz trades for $8.5 million to an investment group comprised of three family trusts from Tulare, CA., which rolls 1031 Exchange funds for its first buy in the Valley.
STAFFORD, TX-MedCare Professional Group buys 3.3 acres at the corner of South Kirkwood Drive and Sugar Grove. The home-health provider plans to open an office and outpatient rehabilitation facility by midyear 2005.
IRVINE, CA-The 240-unit first phase of a 448-unit, two-phase expansion, designed by JBZ Architecture & Planning of Newport Beach, opens in time for the fall semester.
CHANDLER, AZ-The finishing touches go on the lead-off play for McShane Chandler Industrial Park. The initial building wave delivers three buildings, ranging from 57,450 sf to 85,400 sf. The build-out cost for the 24.5-acre park is projected at $20 million.
ARLINGTON, VA-The Hartford, a new 212,000-sf office building near the Clarendon Metro station, opens its doors to a new tenant, PageSoutherlandPage. The architecture and engineering firm will occupy an 11,200-sf space at the class A building under a long-term lease agreement.
DAVIE. FL-The company plans to finish Lakeside Town Shops, to be anchored by a 185,000-sf SuperTarget, in fall 2005. The property includes 68,875 sf of in-line retail space and about 4.9 acres for five outparcels.
VAIL, CO-Vail Resorts plans a redevelopment of Lionshead, which includes buildings older than 30 years. The plans also include 71 condominiums priced from $1.3 million to $10 million.
ATLANTA-Despite having his partner drop out at the last minute, Allen Goins, president of AG/Armstrong, perseveres and wins approval from Fulton County commissioners for a 170,609-sf retail, office and residential venture at Birmingham Four Corners in the largely rural northwest end of the county.
WASHINGTON, DC-What can $200 million buy in the District and surrounding metropolitan areas? A top-of-the line retail portfolio totaling 460,000 sf. Grosvenor is forking over the funds to a handful of Starwood Urban LLC subsidiaries in exchange for the 15-property portfolio, which also includes a hotel and some office space.