Globest Sectors

SUGAR GROVE, IL-A four-building office complex is being built on the site with construction expected to begin the third quarter of this year.

NEW YORK CITY-GlobeSt.com learns that due to the size of the property, this is one of the largest defeasance transactions closed for the eight-year-old company.

BOXBOROUGH, MA-The six-year-old asset in the Interstate 495 office market was custom-designed for a technology tenant.

DALLAS-A private investor from Los Angeles gets his first real estate in the region, the 83%-leased Northlake Doctors Building, as he shops for more office and retail to buy.

ARLINGTON, TX-King Properties buys a neighbor, the 186-unit Misty Ridge Apartments. By meeting the $11.2-million ask, King also gets the 144-unit Riverfall in Dallas.

MORRIS TWP., NJ-More details have emerged about the firm's buy-in to the vacant but recently repositioned 320,000-sf Advance at Southgate building.

BERKELEY HEIGHTS, NJ-The new building within Connell Corporate Park will consolidate five New Jersey locations.

PHOENIX-Some believe the fallout was a necessary correction, with the ensuing discipline good for the industry.