LOS ANGELES-The 100,000-sf South Bay industrial property will be leased to Exodus Communications.

HOUSTON-Stateside Enterprises of Houston is purchasing two retail centers in suburban Houston: the 247,000-sf Deerbrook Crossing and 63,000-sf Beechnut Village Shopping Center. Deerbrook includes a vacant Silver Cinema theater.

ATLANTA-Newpoint Commons is going up on a 31-acre tract in northeast metro Atlanta. Area rents for distribution space are $4.65 per sf to $5.50 per sf. The first 212,900-sf phase will be finished next spring.

CHICAGO-Huge Illinois Center development will be the largest mixed-use project in the nation, developers say. A preliminary plan for development of the entire 83-acre Illinois Center parcel will be presented tonight.