BALTIMORE-The final papers are signed this afternoon on the sale of Mount Clare Junction to DLC Management Corp. GE Capital is the seller of the grocery-anchored property, which is located near the University of Maryland Hospital, Ravens Stadium and Camden Yards.
BOSTON-The Massachusetts Port Authority wants to develop 30 of the 40 acres of Subaru Pier, which is located on the Massport Marine Terminal. The property has been used by the Big Dig project but will become available for redevelopment between 2003 and 2007.
HONOLULU-The former JC Penney building will be broken up into 30 or more retail spaces, owner General Growth Properties revealed yesterday. Active marketing is already under way.
SOUTHAVEN, MS-The warehouse facility is purchased for $16.2-million by El Paso, TX-based Helen of Troy Ltd., a manufacturer and distributor of personal grooming products. Industrial Development International's Airway Distribution Center wins out over 11 sites in nine states.
NEW YORK CITY-The industry's musical chairs continue. While C&W's Texas-based industrial investment team <a href="http://www.globest.com/RMI9UOWZZAD.html">has left</a>, the firm beefs up in other areas. Three homerun-hitting specialists in class B building transactions come to C&W to focus on $10-million to $30-million deals.
NEW YORK CITY-The surplus and refurbished office equipment supplier consolidates and expands its New Jersey and Long island operations into one new space at the Reckson Business Center at Airport International Plaza. Local firm Ashlind Properties brokers.
KNOXVILLE, TN-The Stamford, CT firm closes on a sale/leaseback deal for a manufacturing facility here. Intex Supply will take over the space in March, bringing 120 employees from a nearby location.
DES MOINES, IA-The nine-building portfolio was broken up and sold in four separate transactions over the last two years. The final three buildings went for $11.8 million, bringing the total sale price of the assemblage to just under $24 million.
MEMPHIS-The five distribution facilities are 95% occupied. The strategic acquisition gives Denver-based ProLogis presence in a major market with a variety of rail, road and river transportation options.
YOKOHAMA, JAPAN-The previously self-managed Hotel Yokohama will be rebranded in fourth quarter 2003. Jones Lang LaSalle Hotels and the S&E Institute of Mitsui Fudosan Co. Ltd. worked on the deal.