Industry News

Clear Channel Communications has leased 95,000 sf in The Pinnacle, a 235,000-sf, six-story, 4.4-acre office complex in Burbank, Calif. Clear Channel, based in San Antonio, will locate its eight Los Angeles-area radio stations in the facility.

Sanford manufacturer MeikleEMS is building a 25,000-sf facility in Sanford for the production of automated assembly and test systems. The new building will allow the company to triple its existing workforce. MeikleEMS is a division of Meikle Automation of Kitchener, Canada, created after the acquisition of Electro-Mechanical Specialties of Sanford in spring 2002.

Johnston Memorial Hospital is redeveloping a former Burlington Industries textile mill in Smithfield as a medical mall. Sited on 15 acres adjacent to the hospital, the 240,000-sf property will feature a 27,000-sf wellness center with two indoor pools and a cyber-cafe. The $13.5-million project will also include physician offices and an auditorium. The original building was constructed in approximately 1912.

A.C. Moore Arts and Crafts is planning to build a 700,000-sf headquarters and distribution facility in Winslow Township, Pa. The building will consolidate operations from the retailer's 250,000-sf former headquarters in the Blackwood area of Gloucester Township and 300,000 sf in Barrington. The facility will include 30,000- f of office space.

Altana AG, a Konstanz, Germany-based drug maker, opened its 25,000-sf Waltham, Mass., research offices in late January 2003. Part of a collaboration with Munich-based GPC Biotech, Altana has committed $120 million to develop its U.S. Genomics Research Institute in subleased space in GPC's 85,000-sf Waltham facility.