HUNTERSVILLE, NC-Landowner banks on emerging and expanding tenants off Interstate 77's Exit 23 in Huntersville, just north of Charlotte. If the average tract price is $14 psf, Compass Rose Associates Inc. will gross about $9.76 million.

MOORESVILLE, NC-City council offers tax rebate incentive package of $100,000 over five years, and Iredell County is expected to kick in the same amount to keep the 70,000-sf project from straying to neighboring sites.

CHARLOTTE-The owners of a former A&P warehouse in the city's West Morehead district plan to convert the 62,900-sf building to offices with rents at $17 psf to $22 psf. The asset will be called Cedar Hill.

CHARLOTTE-Childress Klein Properties breaks ground on the first 81,000-sf flex building at its planned three-building, 23-acre, $12 million Airport Commerce Center

RESEARCH TRIANGLE PARK, NC-After an intensive global marketing effort, Motorola has sold its 177,000-sf, 110.4-acre semiconductor manufacturing facility in Research Triangle Park to Cronos Integrated Microsystems, recently acquired by JDS Uniphase Corp.

BELMONT,NC-A two-story, 41,384-sf office/warehouse property in Oaks Commerce Center wins new financing.

RESEARCH TRIANGLE PARK, NC-ASIC Alliance Corp. of Woburn, MA. is leasing 5,000 sf of office in Research Triangle Park.

CHARLOTTE-The Meridian Group of Bethesda, Md. pays $392,609 per acre or about $9 psf for the 21-year-old, 1.8 million-sf, 65%-leased asset.