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ATLANTA-State Teachers Retirement System of Ohio paid Dallas-based Champion Partners $12.2 million for the 100%-leased Eagle's Landing TradeCenter II, locally based Databank Inc. reports. Advanced Distribution Systems occupies the entire premises.
EDEN PRAIRIE, MN-Opus Northwest has its first tenant for its 138,000-sf office building set to open in June near Prairie Center Drive and Highway 5. Cardinal makes glass for residential windows.
SEATTLE, WA-Immunex plans to break ground on its new headquarters later this month. The 29-acre complex is expected to contain more than one million sf, with development costing as much as $750 million.
CHARLOTTE-The project,off Westinghouse Boulevard, expects to break ground this quarter on the first of four 250,000-sf buildings with 30-foot ceilings and multiple docking bays. The so-far unnamed park is on 70 acres at NC 49 and General Drive.
KANSAS CITY-Reid Teaney joins Cohen-Esrey Real Estate Services Inc. as senior vice president, coming over from Highwoods Properties Inc. He's also opened a St. Louis office for C.B. Richard Ellis.
DENVER-Time Warner isn't talking money, but real estate experts say the planned 350,000-sf headquarters could cost as much as $60 million. Time Warner has bought 24 acres in Douglas County and holds an option for an extra 28.
BOSTON-Beacon Capital Partners prepares to develop Channel Row, the warehouse complex it bought last summer. Complications over a mid-rise building that exceeds height requirements and residential housing requirements could hinder the company's progress.
HOUSTON-A 22-year veteran, who has spent the last 12 at Transwestern, has moved over to Crescent Real Estate Equities' Houston region. Randolph C. Strait is the office's new vice president of leasing.
SANTA FE SPRINGS, CA-The manufacturer of lighting products acquires 31,008 sf of mixed-use space in Santa Fe Springs and will relocate there from Huntington Beach.
IRVINE, CA-California Coastal Communities filed a complaint Friday alleging that the Commission's decision to further limit development was a "taking" and a violation of its constitutional rights.