FERGUS FALLS, MN-Otter Tail has bought the assets and operations of Foley Corp, which provides a range of specialty contracting including design and build services for new construction.
BOSTON-The South Boston Harbor Academy Charter School acquired two buildings totaling 45,000 sf from the Roman Catholic Archdiocese of Boston. The school plans to immediately renovate the North Dorchester facilities.
GREENSBORO, NC-Locally based Tanger Factory Outlet Centers Inc. and an affiliate of New York-based Blackstone Real Estate Adsvisors agrees to acquire 3.3 million sf from Charter Oak Partners of Vienna, VA.
GARLAND, TX-Foley's has its Red Apple sale and Kmart has its Blue Light special. It's not desperate, but realistic, says a broker who's offering second-generation rates to get cash flow in hard times on 382,000 sf of industrial shell space that delivered in April.
WASHINGTON, DC-Law Firm Foley & Lardner goes on the hunt for new office digs to replace its current locales in two different places, totaling 187,000 sf. Jones Lang LaSalle is spearheading the search.
HOUSTON-Somera Investment Partners and CoastWood Capital Group get their first Texas deed with the 1.1-million-sf West Oaks Mall, where four of five anchors own their sites. The new owners and new leasing team now start to formulate a perk-up plan.
BOSTON-The McGraw-Hill Cos. is staying at 711 Atlantic Ave. The global information services provider renewed its lease for 13,500 sf through June 2008.
CAMBRIDGE, MA-In a deal that is indicative of the kinds of moves tenants are making in the current market, NaviMedix leases 43,400 sf of office space at 8 Cambridge Center. The company is subleasing space from Novell.
CERRITOS, CA-The longtime employer for the Mid-Cities area remains in the market, but changes the address. In September, Memorex consolidates several Santa Fe Springs offices for 21,480 sf of class A space at Cerritos Towne Center.
CERRITOS, CA-The longtime employer for the Mid-Cities area remains in the market, but changes the address. In September, Memorex consolidates several Santa Fe Springs offices for 21,480 sf of class A space at Cerritos Towne Center.