ORLANDO-The 2,900-acre International Corporate Park is making its first sale in years. Dallas distributor Sierra Stone Inc. has contracted to buy 37 acres for a 200,000-sf distribution center. The estimated contract price is $3.22 million or about $2 psf. The park is zoned for 20 million sf of commercial.
PURCHASE, NY-On-line financial management company signs lease for 40,500 sf at RiverView at Purchase. Total commitment estimated to exceed $10 million.
DENVER-Two class A office structures, totaling 135,000 sf, bring $22.8 million from Farmers New World Life Insurance Co. Only structures inside the Denver Technological Center and a recent quiet sale of the Time Warner building have commanded higher prices.
AUSTIN-Valencia Hotels of Houston is undertaking a 100-room project in southeast Austin near the Austin-Bergstron International Airport. The project is part of the chain's expansion push in the western US, says the president of the franchise hotel
BOSTON, MA-Hoping to gain a greater foothold in the Western U.S., the 500-member architectural and engineering company is merging with a California company.