Globest Sectors

LONDON-Chelsfield chairman Elliott Bernerd said this morning he hoped to make an MBO bid for the company by the middle of next month.

FARMINGTON HILLS, MI-GECOM, an automotive supplier, is expanding into 12,012 sf of space leased by Grubb & Ellis. The company said it uses the Farmington Hills office as an "antenna for detecting various industry trends and interfaces with users.

IRVINE, CA-The Seattle-based department store chain says it will open a 125,000-sf property at the Spectrum in the fall of 2005.

ATLANTA-The locally based urban redeveloper leases the 96-year-old, 9,000-sf property on North Avenue to Derek Lawford Pubs which plans to open The Spotted Dog in the three-story structure. The 10-year lease has an estimated aggregate value of $1.8 million.

SCOTTSDALE, AZ-The proposal targets Coronado Golf Course as the next spring training facility for the Giants and Scottsdale Charros. The city owns 36 of 44 acres, but is negotiating a buyout of the balance for $1 million.

PHOENIX-Taubman Centers will collect $43.5 million more than it paid for the 611,000-sf, open-air center in 1994. Under the announced terms, Macerich will pay $51 million in cash, turn over 811,000 partnership units and assume $77.5 million in debt.

GRAND PRAIRIE, TX-First Industrial is the buyer and National Life Insurance Co. is the seller of the 51%-leased building at 1905 110th St. in the Great Southwest Industrial District. The closing marks the buyer's third this year in the submarket.

SCRANTON, PA-The seven-story franchise unit, owned and operated by West