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PHILADELPHIA-Cincinnati-based based trustee L.J. Shapiro sells the 100,000-sf, 25-year-old shopping center in the northern Cincinnati suburb of Forest Park for $2.28 million to Mendos Inc., which plans a significant upgrade. Anchors are Family Dollar and NAPA Auto Parts.
MIAMI-The Pompano Beach-based casual-dining restaurant chain, which earlier said it would be free from protection under the U.S. Bankruptcy Code by Sept. 22, now says the date will be Sept. 30.
AUSTIN-CDM, a multi-faceted engineering firm, shifts its office from the northwest submarket to the far northwest while First Avantus Securities relocates into 6,295 sf in its existing submarket.
AUSTIN-The officers are elected, the board is in place and the application will go into the national office in January 2003. Brokers, lawyers, title company representatives and even State of Texas officials are on board.
CHERRY HILL, NJ-The Growth Properties asset, located in the metro Philadelphia market and formerly operating under the Sheraton flag, reopens for guests today after a $5 million makeover.
BASTROP, TX-The Dallas-based Woodbine Development team is keeping to the schedule as work proceeds on pre-development design, a marketing study and permitting for the 635-acre project.
WOODLAND HILLS, CA-The Irvine, Calif.-based brokerage picks up four Told Partners brokers to open an office that will specialize in office property investment deals.
COEUR D'ALENE, ID-Price Legacy Corp., a San Diego-based company, says it has reached an agreement to buy 25 acres in the Riverstone development for $6 million. The real estate investment trust plans to construct a 225,000-sf mixed-use facility, including a movie theater.
TEMPE, AZ-A California investment company will be courting medical users for its 17,500-sf acquisition at 404 W. Broadway Rd. The location near Tempe St. Luke's Hospital should translate into 100% occupancy, says the broker.