Globest Sectors

SAN ANTONIO-Spigel Properties, a recognized turnaround specialist, is working out the details for its newest acquisition, the Westlakes Mall in San Antonio. The property, anchored by Target, is shouldering a 50% occupancy.

MIAMI-The 61,200-sf building in West Palm Beach, FL, was sold to St. Anthony's Building Partnership, which plans either to convert the asset into a skating rink or lease it out as office or call-center space.

MIAMI-The Bloomfield Hills, MI-based REIT now owns 100% interest in the 1.3-million-sf value mall. The deal, valued at approximately $97 million, involved $94.5 million in debt and $2.3 million in peripheral property.

RANCHO MIRAGE, CA-Developer J.H. Snyder Co. obtains $41-million construction take-out loan for the recently completed, 240,000-sf retail and entertainment center. The lender was Sonnenblick-Eichner Co.

WEST ORANGE, NJ-The telecom giant's directory services operation will occupy just over one-third of one of the four buildings making up the Reckson Executive Hill Office Park.

TAUNTON, MA-New England Ice Cream Corp. acquires a 54,000-sf manufacturing/distribution facility for $3.4 million from Keller/Davis Co. New England Ice Cream currently has multiple locations and it will use the new building to consolidate its operations.

DENVER-The full-service general contractor, design-builder and construction manager will design the sandwich restaurant franchiser's new offices at 1475 Lawrence St., a building developed by Weitz Co. in 1981.

DALLAS-UT-Southwestern Medical School and the Certus Group cap a year of talking for wet lab space to launch its Cytogenetics research. UT signs a five-year lease for Research Row Biolabs. The lab rolls out in January 2003.