Globest Sectors

KING OF PRUSSIA, PA-Newly renovated office buildings at 900 West Valley Forge

JACKSONVILLE, FL-A locally-based REIT, with gross assets of $3.3 billion, sells five grocery-anchored shopping centers totaling 439,422 sf to a previously established joint venture with Macquarie Countrywide Trust of Australia for about $125.84 per sf.

PRINCETON, NJ-Paramount Hotel Group is teaming up with a local private investment group to introduce the brand to this prestigious market. The property will be located within the two million-sf Carnegie Center Office Park.

MIRAMAR, FL-The air-conditioning sales, service and parts company occupies 23,400 sf at the Miramar Park of Commerce, Broward County's biggest corporate park. The lease has an estimated value of at least $563,000.

LOS ANGELES-Already the largest owner of office buildings in the Mid-Wilshire district, Lee's Jamison Properties gets the deed to 3545 Wilshire Blvd. with a $6.9-million check, one of the highest prices paid in recent years in the district.

DALLAS-Mike Hardage is closing the books on a near five-year career at Trammell Crow Co. in an exit that coincides but isn't tied to a series of personnel changes at the firm. It's time for a change, says the director of investment services.

CHICAGO-A 20,000-sf site at 4343 W. Peterson Ave. nearly triples in value in the past five years, selling recently to North Shore Bank for $1.9 million.

SANTA ANA, CA-The $2.2-million sale is the third disposition in the office portfolio since CT acquired it from Newport Federal in 2001, with the fourth under contract. The 18,126-sf Boardwalk is an 82%-leased building that went to two private investors.