Industrial

NORTHBOROUGH, MA-The I-290 Industrial Park, currently owned by the Ohio Teachers Retirement System, is reportedly being purchased by the RREEF Funds. The broker, manager and seller of investment grade real estate is said to be acting on behalf of institutional investors.

SAN DIEGO-A biotech research company is getting ready to move into two buildings totaling 97,500 sf later this year at Eastgate Pointe in the University Towne Centre area.

FRAMINGHAM, MA-Genzyme Corp., a biotechnology and health care products company, plans to develop a 300,000-sf manufacturing plant here next to the company's existing campus. The plant is part of a company strategy to increase its manufacturing capacity.

HOUSTON-A valve manufacturer and a tire supplier have found new warehouse spots in the city. The two deals total 17,997 sf in the ongoing race for Houston's industrial space. Nutron heads to northwest Houston and Big State Tire goes to a northern suburb.

AUSTIN-Research and development in Austin might have to take a back seat to logistics and distribution in a few years. Lots of land and proponents hope to turn the corridor into an L&D hub, a potential bolstered by cargo capability expansion at the airport.

ROUND ROCK, TX-American Plumbing & Mechanical Inc. is in the expansion mode, opening four warehouse operations in nine months and expanding two. The promise of new markets and desire to be closer to clients' projects spark the drive.

WALTHAM, MA-Polaroid Corp. sells its 56-acre campus here to the Davis Companies in a joint venture with Prudential Real Estate Advisors. The embattled instant photography company has been struggling to reduce its debt.

CHICAGO- Columbus, OH-based Pizzuti Cos. vice president of sales and leasing Bill Baumgardner says "The activity is very strong with the big-box users -- 500,000-sf or more...the quality of the companies looking has been very good.