BEAVERTON, OR-Standard TV & Appliance is seeking the necessary approvals to turn the former Copeland Lumber yard here into its next retail location, one focused on high-end products.
SAN FRANCISCO-Nion McEvoy acquires the leasehold interest in 680 2nd St., a 73,554-sf building here that has been vacant for two years due to a foreclosure. Chronicle Books will utilize most of the building for its new headquarters.
MAPLE VALLEY, WA-The Indianapolis-based retail REIT picks up the 73,000-sf Four Corner Square retail center for $10.5 million and ties up an adjacent 10-acre parcel.
SEATTLE-The New York-based retirement fund TIAA-CREF pays $348 million for the 40-story, three-year-old Downtown office building here as part of a $1.47-billion five-property acquisition from National Office Partners, a limited partnership of Texas-based Hines and the California Public Employees Retirement System.
ZAANDAM, THE NETHERLANDS-Looking to lower its debt load, the locally based retail company Ahold agrees to sell two of its US retail subsidiaries--BI-LO and Bruno's, two of the top food chains in the Southeastern US--to an affiliate of Dallas-based Lone Star Funds.
SOUTH SAN JOSE, CA-On behalf of an institutional partner, a real estate advisory associated with San Diego-based Professors Capital Golden pays about $35 million for the two-building development here that is about 92% leased.
BELLEVUE, WA-The San Francisco-based owner is under contract to sell the 525,856-sf mall here to a joint venture that includes the publicly traded retail REIT Kimco Realty Corp. Expansion plans for the property call for an additional 151,000 sf of retail space and 685 residential units.
AUSTIN, TX-On behalf of a pension fund client, the San Francisco-based division of DB Real Estate pays just under $28 million for the half-empty portfolio of light industrial/flex buildings. Morgan Stanley was the seller.
ISSAQUAH, WA-One of Lexington Corporate Properties Trust's joint venture programs pays Bellevue-based Schnitzer Northwest $50.5 million for the two-building, 202,544-sf development that is fully leased to Spacelabs Inc. Schnitzer paid $39.4 million for the property in 2001.