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WAYNE, NJ-Subsidiary of a Swiss-owned company will use the more than 53,000-sf facility for its office, manufacturing and distribution operations. The company scouted several North Jersey locations before selecting this one.
CHARLOTTE-The Illinois owners are building a 112,000-sf addition to an existing 80,000-sf structure that will be completed in April. A 220,000-sf second expansion will follow, depending on pre-leasing activity.
ORLANDO-U.S. District Court Judge Patricia C. Fawsett gave Patrick T. Lee the maximum sentence because he engineered the 18-year scheme to defraud the federal Customs Service and for lying at the trial. Lee owns the 500,000-sf Mid-Florida Freezer Warehouses Ltd. In Port Canaveral, FL, 60 miles southeast of Downtown Orlando.
SAN ANTONIO-Taco Cabana shareholders have authorized a merger with New York-based Carrols Corp., the owner of Burger King. The pact is not expected to affect the San Antonio-based chain's 126 restaurants or employees.
BOSTON-A new Fenway Park is struggling to be born as the team has difficulties finding financing for the project. The team says it is committed to remaining in Fenway, but cost overruns are prompting some local groups to call for a look at alternative sites.
CHICAGO-The slots of affordable housing at this mixed-income residential development near the Chicago Housing Authority's Cabrini-Green public housing will be filled by a lottery among Cabrini-Green residents.
LANHAM, MD-Defense contractor TRW renewed the lease for its 50,345 sf facility at 8300 Professional Place for an undisclosed selling price. The company has occupied this site for five years.