ORLANDO-Locally based Eadith Properties sold the 20-year-old, 60,000-sf office/warehouse complex at State Road 50 and Mercy Drive to East Colonial Partners LLC for $36.16 per sf, about half of the estimated replacement cost.

ATLANTA-The locally based business consultant booked $6.2 million in 2002 revenue, increased staff to 171 and launched its Procurement Center of Excellence service within the manufacturing industry and the multifamily REIT marketplace.

ATLANTA-The 82-year-old, Seattle-based multifamily and commercial real estate lender names the 36-year-old Atlanta-based commercial real estate services firm as a Fannie Mae DUS lending correspondent.

ATLANTA-The firm is providing Capital Development Group with $18.8 million for the development of the 271-unit Auburn Glenn complex near Downtown Atlanta and $14.7 million for the 220-unit Oak Hill Apartments in suburban Athens, GA.

ORLANDO-Orlando Sanford International Airport officials could have placed a lien on the estimated $5 million worth of property the Portsmouth, NH-based carrier owns at the airport, but instead opted to give owners Dave Fink and Timothy Mellon additional time to settle the account.

ATLANTA-Macy's is shuttering seven stores in April with an estimated 500,000 sf; Kmart is walking away from about one million sf by April; and JC Penney is cutting up to 1,200 workers in July at its 150,000-sf catalog distribution warehouse in suburban Forest Park.

ORLANDO-Area retail industry analysts tell GlobeSt.com the vacated space will either be subdivided and rented to local tenants at lower rents or leased to regional or national tenants who likely will ask the owner to demolish the structures and erect a new building.

ATLANTA-Area industrial brokers familiar with the Southside Industrial Park property tell GlobeSt.com the 13-year-old, 403,000-sf asset probably sold for about $20 million or $50 per sf, almost a third less than its replacement cost.