Retail

FEDERAL WAY, WA-The buyers were Costco, which bought five acres, and an unnamed Beverly Hills-based family that purchased 12.89 acres - one of the local development's only remaining undeveloped parcels.

HOUSTON-The retail sector gets a significant boost, with Boyd Page Realty closing on 84,699 in leases. The new tenants are PetsMart, Old Navy, Ulta3 and Silver Spoon. The largest space taker in the leasing round is Old Navy.

HOUSTON-Kroger opens its latest Signature Store, a 63,373-sf location in the 130,000-sf Sterling Ridge Village. The grocer is one of three anchors in The Woodlands' fifth retail center, which is 90% leased.

GREENWICH, CT-Urstadt Biddle Properties Inc., a retail REIT, reported a slight increase in funds from operations for fiscal year 2000 and a drop in net income due mainly to bankruptcy filings by some of its tenants.

SAN JUAN CAPISTRANO, CA-Local retailer of snowboards and skates is expanding with a new lease for a location at the Gotcha Glacier Project in Anaheim, which is scheduled for completion in 2002.

CLEARWATER, FL-The 102-year-old, Miami-based department store chain is taking 65,000 sf for 15 years at the 90,011-sf Village at Countryside where it will house a Burdines Furniture Gallery, 80 miles west of Downtown Orlando. The estimated value of the lease is $12 million. The store sold its 180,000-sf location at the nearby Clearwater Mall for $4.75 million or $26.39 per sf.