DEVELOPER PLANS OFFICES NEAR BURBANK AIRPORT.Byline: Enrique Rivero Staff Writer Citing moneymaking potential in a tight office market, a Dallas-based real estate services company plans to construct a three-story building across the street from the proposed new terminal at Burbank Airport. Trammell Crow F. Trammell Crow (born June 11, 1914, in Dallas, Texas) is an American property developer who created several famous projects, including Dallas Market Center, Peachtree Center (Atlanta, Georgia), and San Francisco's Embarcadero Center. Co. said Monday that it plans to develop the 155,000 square-foot state-of-the-art building within five months on an 8.08-acre site formerly occupied by Lockheed Corp. on Hollywood Way. Trammell bought the property from AREH AREH Archives of Environmental Health (journal) of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of for $7.1 million in cash, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mark Ossola, senior vice president of development for the company. Trammell will develop the $25 million building on a speculative basis, meaning it does not yet have tenants lined up, and the structure should be ready for occupancy in the fall of 2000, Ossola said. The building will be within the so-called Tri-City market of Burbank, Glendale and Pasadena - an area with solid demand for office space, Ossola said. ``We felt it was attractive to build an office building on a spec basis given the low vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. factor,'' Ossola said. ``It's very difficult to find any developable sites in the Tri-City market and when they become available, you jump on it pretty quickly.'' The former Lockheed site, just south of the Golden State Freeway The Golden State Freeway is a north-south freeway running through Kern County and Los Angeles County, California. Originally built as U.S. Highway 99, it was re-signed as Interstate 5 in 1964. , now contains an office building and warehouse totaling 180,000 square feet. Trammell will begin demolishing those structures within 90 days, Ossola said. The new building will feature a ``large, efficient floor plate,'' he added. ``It will attract a variety of tenants, including entertainment companies.'' |
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