ATLANTA-Georgia Realty has contracted to buy 23.5 acres fronting Jonesboro Road, west of the 800,000-sf Henry Town Center. Adjacent to that venture, Atlanta landowner James Chaffin plans to build a strip center on 10.7 acres if county planning and zoning officials approve both projects.

PENSACOLA, FL-The Pleasanton, CA-based company pays Watch Omega Holdings LLC of Austin $5.8 million, or a below replacement price of $26.75 per sf, for the 54-year-old, renovated Town & Country Plaza Shopping Center at North Pace Boulevard and Fairfield Drive.

CARTERSVILLE, GA-Thirty miles northwest of Downtown Atlanta with a permanent population of 16,000 and a land area of only 23.4 square miles, this rural Bartow County city is considering the pros and cons of voting on an annexation issue that could bring a 2,342-acre mixed-use venture to its confines.

ATLANTA-Highwoods Properties Inc. of Raleigh, NC and Kapital-Consult of Stuttgart, Germany are joint venturing to buy the 185,000-sf, 90%-leased Glenridge Point Office Park from an affiliate of Chicago-based Transwestern Investment Co. for $24.9 million.

ORLANDO-The locally based windows and doors manufacturer adds 31,937 sf to its existing 49,011 sf in a stand-alone building at Princeton Commerce Center Industrial Park located in the Silver Star Road industrial corridor of northwest Orlando.

MARIETTA, GA-This corporate-oriented city is reviewing plans from Peter Drey/Madison Retail LLC of Atlanta to redevelop Esplanade on Powder Springs which would comprise 391,975 sf of commercial space; 29,250 sf of retail; 118 loft-style condominiums; and 86 attached townhomes.

TAMPA, FL-The locally based firm has acquired a total 597,640 sf of commercial properties valued at $39 million in the last 20 months. The firm's most recent buy was Palm Lake at Tampa Palms, a class A, 86,000-sf building purchased from Tampa I Associates Ltd. for $8.5 million or $98.33 per sf.

ORLANDO-The 17-year-old, full-service firm is leasing 3,400 sf for five years at Millenia Lakes Office building located at Interstate 4 and the 1.3-million-sf Mall of Millenia. Signature will be leaving its existing corporate offices in suburban Winter Garden, FL in May.