ATLANTA-In separate transactions, locally based Barry Real Estate obtains an 11,500-sf lease from the Segal Company at 100 Parkwood Point, taking it to 95.6% occupancy, and a 10,500-sf expansion by Affiliated Computer Services at Northridge Center, taking occupancy to 98%.
PHILADELPHIA-The 315-unit discount apparel chain buys a 102,800-sf building in Whitehall, PA. The facility is one of 17 big-box stores formerly owned by Hechinger Co., a home improvement retailer that went bust in 1999.
PHILADELPHIA-As Delta pulls back from buying naming rights for the planned $198-million expansion of Cincinnati's 300,000-sf convention center, the city council goes back to the drawing boards, hoping to trim costs by $30 million and still grow enough to compete.
ATLANTA-DuPree comes out of retirement to work with developers Hal Barry and Chris Schoen who co-founded the firm in 1996 and plan to expand its scope to a super-regional company on projects from Texas through the Carolinas.
PHILADELPHIA-River Park Gardens, a 53-year-old, fully-occupied multifamily rental building on East Orange Ave. in Lancaster, PA brings the Moncrief family $1.05 million, or $25,000 per unit. The Philadelphia office of Marcus & Millichap secures the buyer, GNS Associates.
ATLANTA-The New York-based publisher is leasing the business park space for 3 1/2 years at an estimated rent of $4 per sf for an estimated aggregate value of $490,000, area brokers tell GlobeSt.com on condition of anonymity.
ATLANTA-The Raleigh, NC-based energy services division of the London-based firm appoints three executives to head regional offices in Boston, Milwaukee and San Francisco as it rolls out its newly formed commercial and industrial property business segment to developers.
ATLANTA-A group of unidentified Chicago investors pays the Sacramento, CA-based development company $35.50 per sf for the building at the Kendall Distribution Center in Fulton County, GA.
PHILADELPHIA-Office leasing activity in the state's Lehigh Valley submarket slipped during the second quarter compared with the same period a year ago, according to data from the local office of Trammell Crow. Meanwhile, industrial vacancy there remains at 14%.
ATLANTA-Refinancing for Summit Creek, a 156-unit multifamily property, was arranged by the local office of Encino, CA-based Marcus & Millichap Capital Corp.