BELLEVUE, WA-Pacific Edge Software signs on for one-and-a-half floors in the eight-story, 148,500-sf Downtown office building here, lowering its vacancy to 40%.
KANSAS CITY, MO-American Financial Realty Trust purchases the property for $33.7 million from Bank of America, which has committed to leasing 74% of the building for a 15-year term.
PORTLAND-SSR Realty Advisors picks the local office of Seattle-based GVA Kidder Mathews to manage and lease its area portfolio, which consists of four commerce parks. The properties' combined vacancy is about 33%.
CHATTANOOGA, TN-The locally headquartered retail REIT acquires the 1.2-million-sf Mall Del Norte in Laredo, TX and the 990,000-sf Northpark Mall in Joplin, MO from affiliates of Enterprise Asset Management.
LODZ, POLAND-In the first Czech investment in Poland, Kofola, a large producer of non-alcoholic drinks, is investing $25 million in a 172,000-sf factory in Central Poland. As well, Sonoco Poland Packaging Services has set up shop here near its client, Gillette.
SANTA CRUZ, CA-The Bethesda, MD-based hotel REIT pays a group of Japanese investment groups $18.5 million for Chaminade, a four-star, 153-room resort and conference center set on 288 acres in the lower Santa Cruz Mountains.
WILSONVILLE, OR-Tab Warehouse Inc. signs a five-year lease, taking the 250,000-sf industrial building to two-thirds full in a 16-million-sf submarket with a 7% vacancy rate.