Business Specialties Leasing
Realty Income, Buffets Reach Agreement on 105 Properties Under Lease
July 15, 2008

Realty Income Corp. has reached an agreement with Buffets Holdings Inc. for the continued lease of all of its properties. Per agreement, all 105 of the leases, 104 owned by Realty Income and one owned by Crest Net Lease Inc., will be assumed and continue to be operated by Buffets. Rents will be modified, for the 104 Realty Income properties, from an annualized rent of $22.4 million to $19.4 million, or 87 percent of previous rents. In addition, rents are to increase 2 percent annually.

 
Recent Leasing Headlines
Auto Parts Concern Claims 70,000SF at 775,000-SF Industrial Park in Suburban Philly
Sept. 05, 2008
The Tri-County Commerce Park in Pottstown, about 40 miles northwest of Philadelphia, will welcome a new tenant now that CJ's Tire and Automotive Services has inked a multi-year lease for 70,000 square feet at the property.
Chemical Company Stays Put at Suburban Phoenix Home with 53,000-SF Lease Renewal
Sept. 05, 2008
BioLab Inc. has decided to extend its commitment to its digs at 5555 North 51st Avenue in Glendale, Ariz., with the signing of a new seven-year lease.
Distributor Expands to Entire 231,900-SF Chicago-Area Building
Sept. 05, 2008
It took only a few months for Rivera Logistics, a distributor for Seoul, Korea-based Hankook Tires, to determine that it needed more elbow room at its new locale.
AMB Leases 150,000 SF in Savannah
Sept. 03, 2008
AMB Property Corporation has announced it has leased more than 150,000 square feet of the AMB Morgan Business Center - Building 100 development in Savannah to Dorel Juvenile Group Inc., a manufacturer and distributor of children's products.
48,000-SF Houston-Area Medical Office Building Pre-Leased
Aug. 29, 2008
The 48,000-square-foot medical office structure that will rise up at 253 Medical Center Blvd. in Webster, Tex., has been just been claimed by IDEV Technologies Inc.
 

 

Fults to Start New Firm in Dallas
September 05, 2008
By: Tonie Auer, Southwest Correspondent --Despite a flat Dallas real estate market, Tracy Fults took a leap of faith in the creation of his new real estate firm of Fults Commercial, following in the footsteps of his late father and...

184-Acre Bioscience Park Breaks Ground on Former Army Site
September 05, 2008
By: Tonie Auer, Southwest Correspondent --Construction began Wednesday as part of the transformation of the former Fitzsimons Army Medical Center in Aurora, Colo., for the 184-acre business park called Colorado Science + Technology Park at Fitzsimons. The project is being...

Chartwell to Buy Out Seniors Housing JV
September 05, 2008
By: Scott Baltic, Contributing Editor --Residences Melior, an affiliate of Groupe Melior, of Montreal, has exercised its right under a joint venture agreement with Chartwell Seniors Housing REIT to sell to Chartwell the remaining 50 percent interest owned by Melior...

Gaylord to Develop Convention/Resort Facility in Mesa
September 05, 2008
By: Dees Stribling, Contributing Editor --Gaylord Entertainment has inked a deal to buy a parcel of land at the Mesa Proving Grounds in Mesa, Ariz., for the development of a resort and convention center. The development will occupy about 100...

REal Talk with Adam Perrotta-Wednesday
September 03, 2008
By Adam Perrotta, News Writer --While Manhattan's Downtown and Midtown South office submarkets have recently been billed as havens for smaller tenants looking to avoid the sky high rents of Class A Midtown space, such firms may still be able...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...

Do You Have A Bad Attitude?
August 22, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Show me a CEO with a bad attitude and I'll show you a poor leader. While this sounds simple enough at face value, I have consistently found that one of the most often...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...