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CHANHASSEN, MN-The 103,800-sf DataLink Headquarters is sold to local investor Swervo Development Corp. by Safe Harbor Properties Exchange. The namesake tenant has eight years left on its lease.
ARLINGTON, VA-The County Board gives the go-ahead for the development of the Virginia Square Park Condominiums. In addition to the 135 residences--some of which will be designated as affordable housing--the mixed-use site will feature retail space and a small "black box" theater.
CHICAGO-The three-story, 230,000-sf northeast wing overlooking Millennium Park will increase the Art Institute of Chicago's museum at 111 S. Michigan Ave. to more than 1.1 million sf. Construction will take three years.
THE COLONY, TX-The Edward Don & Co. will darken a 20-year address for the 11-acre project when it delivers in April 2005. With a long-term lease firmly in hand, the Billingsley Co. will break ground before the month ends.
HUNTINGDON VALLEY, PA-The builder of master-planned residential communities replaces a $575-million credit facility with double that amount. The new unsecured funding is supported by 23 US and international lenders and matures in 2009.
BOSTON-Area officials predict the restoration of a lavish opera house will keep the momentum rolling on a revitalization of the adjoining neighborhoods.
DAVIE, FL-The Fort Lauderdale, FL-based company plans to break ground on Lakeside Town Shops here in September. The community shopping center, to be anchored by a 185,000-sf SuperTarget, is scheduled to be completed in fall 2005.
TEMPE, AZ-Crews jumpstart work a $5.9-million, two-building office-warehouse project in the 53-acre Elliot Business Park, promising to deliver 285,469 sf by October. Tempe Marketplace Commerce Associates is the developer.
MINNEAPOLIS-Christopher Garrison will be a senior design associate with the firm's retail team. Garrison most recently worked with Dorsky Hodgson + Partners in Cleveland.