Leasing

PHOENIX-With the highest number of vacant big boxes in the West, the Valley is fertile ground for discount retailers looking to tap middle-class dollars. Discounters are finding some sweet deals in the metro's upscale neighborhoods.

AUSTIN-CDM, a multi-faceted engineering firm, shifts its office from the northwest submarket to the far northwest while First Avantus Securities relocates into 6,295 sf in its existing submarket.

WOODLAND HILLS, CA-The Irvine, Calif.-based brokerage picks up four Told Partners brokers to open an office that will specialize in office property investment deals.

SCHAUMBURG, IL-Nearly 50,000 sf of space is claimed in new lease deals, but they involve companies staying put or moving from one northwest suburb to another, keeping submarket vacancy well above 20%.

PHILADELPHIA-The Cleveland, OH-based global paint and decorating industry giant renews and expands its lease at the corporate center in Malvern, PA, making it the company's northeast headquarters. According to published

WEST LOS ANGELES, CA-In a $3.7-million deal, Immortal Entertainment Group signs on for space in Kilroy Realty Corp.'s Westside Media Center at Olympic Boulevard and Bundy Drive.

MCLEAN, VA-Temporary office space provider Teqcorner gets four new tenants. Area demand for turnkey, temporary digs continues to be a growth market despite a dramatic decrease in the number of start-up companies.

HOUSTON-The Houston law firm of Jones, Day, Reavis & Pogue will move into 54,600 sf on the top two floors of the 689,000-sf CBD high-rise. The signing pushes the project to 56% pre-leased.