MESA, AZ-Foley Investments of Rancho Santa Fe, CA will spend upward of $500,000 on the class C complex positioned in a class B area. The complex is the last of seven to be sold in Arizona for the divestiture of FowlerShore & Flanagan.
HOUSTON-The duet's second Houston project, 3000 Sage, will break ground in Q4. The 4 1/2-acre site and its 30-story, under-construction neighbor carve a high-end residential niche just a block from the Galleria's all-star shops.
PICO RIVERA, CA-Total Warehousing leases the space at Robertson Properties Group's new Pacific Gateway Business Park in a seven-year, $5.9 million deal. The Pico Rivera facility is an expansion for the company, which is based in Phoenix.
WASHINGTON, DC-The Foundry Building, the 216,000-sf brick and glass office building that sits along the historic C&O Canal, sells to Hartford, CT's Cornerstone Real Estate Advisers in a $51-million transaction. Bolstered by its desirable location in popular Georgetown, the building commands lease rates ranging from $30 to $35 per-sf.
BROOMFIELD, CO-The 35,000-sf store built on a 3-acre site in 2001 is available at a 9% capitalization rate. DSW has committed to a 15-year lease at the location near the entrance of FlatIron Crossing Mall.
THOUSAND OAKS, CA-Panattoni Development Co. will develop a 78,000-sf build-to-suit for a national distributor along with a 36,300-sf speculative building at the Conejo Spectrum business park. The distributor's $7-million lease agreement comes with an option to buy.
DENVER-Kevin P. Foley, a local leasing veteran, is put in charge of leasing the largest US office REIT's 4.2-million-sf, 14 property portfolio Downtown and in the Denver Technological Center.
SAN ANTONIO-The occupancy rate is near 89% and the average rent up 2.1%, according to new market report from Holliday Fenoglio Fowler. A stable local economy and a flourishing trade zone keep the region moving.
CHICAGO-The largest Downtown office lease this year, a deal in the neighborhood of $70 million, takes 211,000 sf of space at the old Quaker Tower off the market. Occupancy is back up to 81% when two moves are taken into account.
SAN ANTONIO-Gregory Greenfield & Associates grabs renovated regional space, a shining star in the city's the south submarket. This new owner says it is looking for even more expansion on the mall.