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AUBURN HILLS, MI-In a new twist, the company is moving out of business-friendly Auburn Hills after receiving a $1.7-million tax abatement for 10 years from Southfield. Kirco Development of Troy will build an $11-million facility.
ORANGE COUNTY, CA-As the lack of new construction keeps demand for industrial product high in Orange County, the region's industrial market has remained fairly stable, according to a recently released report by Voit Commercial Brokerage.
CHICAGO-Commercial real estate developer and investor Jupiter Realty Corp. buys four South Carolina warehouses with 510,400 sf from Duke-Weeks Realty Trust. The properties are in an industrial park 10 miles west of Spartanburg.
STAFFORD, TX-The Ludlow Co., a medical products distributor, is boxing up its wares and moving into more space at the five-building Southwest Techniplex. The firm has sealed a five-year deal for 37,772 sf in the flex office and distribution park.
GERMANTOWN, MD-Tucon Construction Corp., based in Dulles, VA, has begun construction on an office and manufacturing building for Acterna, a technology company, to lease from joint venture company Milestone Industrial LC.
PALM BEACH GARDENS, FL-A newly formed subsidiary of locally based Correctional Properties Trust is using the proceeds to finance the acquisition and refinancing of two North Carolina prisons. Palm Beach Gardens is 73 miles north of Miami.
ACTON, MA-W.R. Grace, the Columbia, MD-based chemical company, explores redeveloping portions of its 259-acre former Superfund site here and in Concord. This move is stirring up local activists who contend the site is not clean.
LONDON-The Portfolio Property Fund has bought 52/54 Southwark Street, London SE1 from the Milton Group to show an equivalent yield of 8.65%. The fund has now bought 11 properties, and also invests in property company shares.
HOUSTON-Tranwestern Commercial Services' Houston office is up and running on a new leasing assignment in the city's south central submarket. The 653,533-sf contract is for the eight-building Main Park Service Center and Main Park Distribution Center.
ROUND ROCK, TX-Dirt's flying on Houston-based Martin Fein Interests, Lakeside at La Frontera. The 388-unit complex is Fein's second project in the development and comes on the heels of the Enclave reaching 50% lease-up.