ATLANTA-Nashville-based Ozburn Properties buys the three-story, 32,000-sf office building in suburban Brentwood, TN from a partnership of bank executives for $3.6 million.
PHILADELPHIA-The local office of New York-based Cushman & Wakefield's asset services department is awarded management of the 53-story, 1-million-sf, class-A office building at 1717 Arch Street in Center City, developed by Bell
ATLANTA-The Nashville-based footwear company will occupy its second distribution facility on the company's 215-acre Genesco Park near Lebanon, TN where corporate headquarters are also located. Published reports estimate construction costs at $28 per sf.
PHILADELPHIA-The Arlington, VA-based REIT adds the 1.5-million sf, 73%-leased shopping center that came to market under a handicap in 1989 to its existing 13-property portfolio. This is Mills' first stab in its pursuit of converting troubled regional malls.
ATLANTA-Nearly 200,000 sf of retail space in Richmond, VA changes hands in four recent sale and lease transactions. Two properties totaling 72,000 sf sell for $7.3 million. Richmond-based Bloom Brothers Furniture leases space in two locations, totaling 119,683 sf.
ATLANTA-The locally based energy holding company will consolidate two subsidiaries into headquarters on 17 floors of the 20-story, 259,078-sf, 100%-leased Ten Peachtree Place in first-quarter 2003. The lease is one of the largest this year in metro Atlanta.
PHILADELPHIA-Horsham, PA-based GMAC Commercial Mortgage Corp. arranges $2-million loans for a 33,450-sf Volvo and Volkswagon car dealership in Langhorne, PA and the 60,000-sf Elmwood Court I warehouse/industrial building in Sharon Hill, PA.
PHILADELPHIA-The local office of Chicago-based international executive search firm Heidrick & Struggles is retained to find a new chief operating officer to handle day-to-day operations of the Pennsylvania Convention Center. Selection of a chief executive officer will follow.
ATLANTA-Despite rumors of about a dozen completed leases for the 1.2-million sf of retail space in the 140-acre development, sources confirm to GlobeSt.com that only United Artists and California Pizza Kitchen have signed firm deals for a total 105,192 sf or about 9% occupancy.
PHILADELPHIA-The trust that controls 77% of Hershey Foods considers selling it to protect its sole beneficiary, a 1,400-acre residential school for children in need. While Wall Street salivates over a sweet deal, Hershey Foods' board has a bitter taste.