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ATLANTA-In the largest multifamily deal this year, Goldman Sachs' Whitehall Fund and Korman Communities sold the 412-unit Mt. Vernon Place Apartments and the 396-unit Dunwoody Place Apartments for $110,149 per unit. Both projects are 90% leased.
HOUSTON-Transwestern Commercial Services wins the contracts for Westbridge One, a 103,835-sf, class A office building sold about three months ago. Three other brokerage houses were vying for the pacts to an 81%-leased structure on the west side of town.
SANTA ANA, CA-The 67-month deal is worth more than $2.8 million, or $4.60 per sf, for space in The Rockefeller Group's 300,000-sf building located at 2001 E. Dyer Rd. in Santa Ana.
MEMPHIS, TN-BGK Group of Santa Fe, NM acquires White Station Tower in East Memphis from Kaufman Realty Group of Atlanta. The anchor tenant of the multi-tenant property is I-bank, a Memphis-area financial institution that keeps its headquarters in the building.
DALLAS-The region gets a show of promise from an industrial market posting a quarterly gain for the first time in a year despite a year-to-date absorption that's still in the red. As for office, the best that can be said is it's "losing less blood today ... than before.
FRAMINGHAM, MA-Five tenants lease 21,964 sf of space in the Meadows at 161 Worcester Rd. on Route 9 in the the city's retail center. A broker involved says that the deals demonstrate that the MetroWest market is turning.
GLENN DALE, MD-The 316,000-sf Glenn Dale Business Center opens its doors to a new tenant with disaster services concern Popowski Brothers Inc.'s leasing of 9,200 sf of space.
ST. PAUL-The firm, which had been located Downtown for 70 years, was looking for more space. The deal will help push up occupancy rates in the office tower of the World Trade Center complex to 80%.
CHICAGO-The gum company needed a little more space, which was not available at its namesake Wrigley Building at 401 N. Michigan Ave. It found 22,540 sf at 455 Cityfront Plaza.