Marc Realty, a Chicago company with some 5 million sf in its portfolio, has purchased downtown Louisville's Brown & Williamson headquarters building. The tobacco giant will occupy two-thirds of the 345,000-sf building for at least 15 years.
May 30, 2000 CRANFORD, NJ – Mack-Cali Corp. (NYSE:CLI) has paid $42.7 million, or $125.22/sf, for Taxter Corporate Park in Elmsford, N.Y.The complex is comprised of two buildings, 555 Taxter Road and 565 Taxter Road, which combined have 341,000 square ...
May 26, 2000 NEW YORK – Cornerstone Properties Inc. (NYSE:CPP) has paid $135 million, or $145/sf, for the U.S. Bancorp Center in Minneapolis.The 30-story property was purchased from Ryan Cos. U.S. Inc., which developed it. In April 1998, Cornerstone had ...
May 26, 2000 Associated PressWASHINGTON – Eastbanc Inc., a Washington developer, is said to have agreed to purchase the 192,000-square-foot MCI headquarters building at 1801 Pennsylvania Ave.People familiar with Eastbanc's plan say it will purcahse two old buildings adjacent to ...
May 25, 2000Cousins Properties Inc. (NYSE:CUZ) has leased an additional 100,586 square feet of space at One Second Street, a San Francisco office building it is developing with Myers Bay Area Co. LLCThe 374,000-sf office tower's occupancy now stands at ...
May 25, 2000Mack-Cali Realty Corp (NYSE:CLI) has leased an additional 66,177 square-feet at Harborside Financial Center in Jersey City, N.J. to DLJdirect.With the additional space, DLJ occupies 270,177 sf at Harborside, which is now 100 percent leased. Though, Mack-Cali would ...
May 25, 2000 DALLAS – A lending syndicate led by Bank of America has renewed a $300 million unsecured line of credit to Prentiss Properties Trust (NYSE:PP).The three-year facility's initial interest rate is pegged to Libor plus 137.5 basis points, ...
May 25, 2000 GMAC Commercial Mortgage Corp. has provided a total of $31.7 million of equity and acquisition financing to a venture between Parr Organization and Pitcairn Properties Inc. for its purchase of 201 Old Country Road in Melville, Long ...
May 23, 2000 FORT LEE, N.J. – Vornado Realty Trust (NYSE:VNO) has signed an agreement to have Everest Broadband Networks provide high-speed Internet access and long-distance telephone service to the 62 office buildings in its portfolio.As part of the deal, ...
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