OKLAHOMA CITY-The owner of Quail Springs Marketplace refinances the property with a 10-year, $29-million loan and a 10-year, $3-million mezzanine loan from Prudential Mortgage Capital Co.
AUBURN, WA-Located across from the SuperMall, the two-story building is leased long term to Zones Inc. and the Boeing Co. The list price is $13.5 million, or $90 per sf.
AUSTIN, TX-In order to keep a long-term tenant, Equity Office Properties tears up a 91,969-sf lease with Brown McCarroll LLP that was scheduled to expire next fall in favor of a new 10-year lease for 106,345 sf at a lower lease rate.
SOUTH SAN FRANCISCO-The publicly traded office investor acquires the building after Cell Genesys Inc., the building's long-term tenant, passes on its purchase option.
SANTA CLARA, CA-The publicly traded chip design software maker relocates from 45,000 sf in Cupertino to 130,000 sf at the 3Com campus in the city. Magma is leasing its new space directly from 3Com.
MAUI, HI-The Fortune 500 company will pay for the property in part with proceeds from its recent equity issuance. The hotel's 2003 EBITDA is forecasted to be approximately $33 million.
LAS VEGAS-A retail property here that local brokers say is worth between $15 million and $17 million is being sold at auction at the end of the month. The minimum bid is $13.5 million.
SEATTLE-The acquisition includes a 250-unit property in Bothell, WA that was built in 1990 and a 192-unit property in Renton, WA that was built in 1988. Essex now owns 4,140 units in the greater Puget Sound region.
SAN JOSE, CA-Venture Corp. of Mill Valley, CA acquires nine acres here for Venture Commerce Center, which will consist of several buildings with two-story offices at the front and 21-ft clear flex space in the rear.
SYDNEY-Macquarie DDR Trust, expected to list on the Australian Stock Exchange by year's end, will launch with an 81% interest in a $730-million portfolio of 11 community centers currently owned either directly by Developers Diversified or through Developers Diversified-sponsored joint ventures.