ORLANDO-Small Bay Partners LLC plans to break ground in the first half on a total 171,800 sf at a hard construction cost of $8.6 million at three industrial locations that already are 100% leased.

ATLANTA-Locally based DataBank values the total sales at the 124,776-sf complex at $6.2 million. Oakbrook Corners LLLP bought six 100%-leased buildings. Jordan & Skala Engineers Inc. and Atlanta Printing purchased the remaining two structures.

ATLANTA-Targeting the age 55-plus group, the locally based developer believes it has found a niche market for the 200-unit Gardens at Lake Spivey venture in Clayton County, 15 miles from Downtown.

ORLANDO-With new construction of only 2,500 units expected in 2004, vacancies should continue dropping as rents rise and condominium conversion projects increase, according to a new multifamily market analysis by Marcus & Millichap.

CELEBRATION, FL-The New York-based firm pays an estimated $42.3 million for the 273,000-sf Town Center and 6.8 acres of prime undeveloped land in this Osceola County city of 8,000 residents founded by Walt Disney World in 1994.

TAMPA, FL-The new firm, Grubb & Ellis/Commercial Florida, will remain part of the Grubb & Ellis network through an international affiliate program. The value and terms of the deal weren't disclosed.

MAITLAND, FL-The 12-year-old brokerage, investment and management company ended 2003 with 349 closed leasing and sales transactions valued at $136 million versus $95 million in 2002.

ATLANTA-Shooting for $2.5 billion in new properties for 2003, Wells Real Estate Investment Trust Inc. surpassed the mark with a vibrant fourth-quarter buying spree of $1.1 billion in class A office properties totaling five million sf.