ATLANTA-The 63-year-old former IBM sales top gun closed 150 transactions totaling one million sf of single-tenant properties, valued at $300 million. Nationally, Rea ranked second in all categories among Marcus & Millichap's 650 investment professionals.

ORLANDO-Parkway Properties Inc. of Jackson, MS pays privately held Tricony Florida Corp. of Palm Beach, FL $32 million or $123.87 per sf for the 32-year-old, 258,321-sf, 18-story Citrus Center, which was the tallest building in Orlando when it was built.

TAMPA-MLG Capital LLC of Brookfield, WI pays Palm Lakes LLC of Lexington, KY $93.97 per sf for the 13-year-old, 98.5%-occupied, 87,000-sf Shoppes of Amberly after the property was on the market for only two months.

ATLANTA-Locally based Lui Real Estate Investments LLC and Pioneer Merchant Square LLC think they have spotted a niche market in Cumming, GA with the purchase of Merchants Square Shopping Center, even though several major retailers have relocated to the east side of GA 400.

ATLANTA--Despite tenant lease defaults in some major markets, the developer's office portfolio ended the year with an average 94% leasing level. Company president/CEO Tom Bell predicts a difficult transaction year for 2003.

ORLANDO-Beat Kahli, majority owner of Orlando-based Avalon Park Associates LP, plans to pay Price Legacy Corp. of San Diego $13,289 per acre for the 2,408-acre, 17-year-old dormant property that Price Legacy bought in March 2001.

ORLANDO-Woodland Lakes, a 911-acre, mixed-use development unfolding along the Lake Underhill Road/Alafaya Road corridor brought in $12 million from developers planning multifamily communities. The other land sales were in Orlando Central Park, Orlando Central Park South and SouthPark.

ATLANTA-Sun Valley Properties LLP, a private Columbus, GA-based investor, paid Property II Investors Inc. of Atlanta $30,172 per unit or $36 per sf for the 348-unit, 85%-leased property in suburban Mableton, GA.