PHILADELPHIA-The warehouse/distribution space is in the renovated 288,000-sf Unit 3 at 700 Pattison Avenue, owned by Philadelphia-based Jetro Real Estate, and next to the construction site of the new Philadelphia Eagles stadium.
PHILADELPHIA-The head of Binswinger/CBB urges real estate executives at a Philadelphia opportunities conference, to stem the city's slide from a "headquarters city" to a "regional center" and think global. Plusses include three international airports, ethnic diversity and low rental rates.
ATLANTA-The lighting and electronics giant expands distribution facilities, adding a new lease for 71,347 sf in the 3.1-million-sf industrial park and renewing its existing 156,021 sf at Westpark. Brokers familiar with the properties estimate the rental at $4 per sf.
ATLANTA-The supplier of Dove, Lipton and other consumer products adds 443,520 sf to its 600,000-sf distribution facility in a 10-year lease estimated at $4 per sf. Denver-based distribution specialist ProLogis owns the building, operated by a third-party logistics provider.
ATLANTA-The 227-unit, 92%-occupied apartment complex is the first sale from Texas-based Archon Group's $600 million, 34-property nationwide portfolio being marketed by the Atlanta office of CB Richard Ellis. Two others, Hunter's Bay and Chelsea Park, are in Atlanta. Lincoln paid $15.7 million.
ATLANTA-Local restaurateur, hero and baseball Hall-of-Famer Hank Aaron steps up to hit another home run with a Krispy Kreme franchise in Atlanta's West End. Terms of the deal weren't disclosed.
ATLANTA-John Leonard moves from directing the Las Vegas office of the Encino, CA-based commercial real estate brokerage firm. His move signals the firm's increased expansion in the Atlanta markets.
ATLANTA-The APAC subsidiary of Fortune 500-Ashland Inc. picks up space that surfaced when the troubled online broker terminated its lease. The new tenant will open a shared service center for several of its companies this month, maintaining the 132,250-sf property's 95%-occupancy.
ATLANTA-She is a former senior vice president of government relations at News Corporation/Fox Broadcasting and a director of government relations at Turner Broadcasting. Terms of her contract with CoreNet were not disclosed.
ATLANTA-Homebuilder Kara Construction & Development goes commercial on a 6.3-acre vacant property it bought from locally based M.D. Hodges Enterprises for $475,000 or $75,397 per acre.