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ORLANDO-The Norfolk, VA-based international investor paid the Raleigh, NC-based developer $70.28 per sf for the five-building, 95%-leased, 315,515-sf Oakridge Office Park in the 4,000-acre Orlando Central Park development.
ORLANDO-Tomoka Holdings LLC paid six cents per sf for two parcels near Ormond Beach, FL and Bunnell, FL. The company plans new subdivisions on the sites, area brokers familiar with the developer's previous projects tell GlobeSt.com.
ORLANDO-The Florida Agency for Health Care Administration has approved a two-year-old application that will add 150 beds to the 12-year-old Downtown medical facility specializing in treating women and newborns.
ATLANTA-The one-year-old, 1.2-million-sf shopping center, developed by the Mills Corp. of Arlington, VA, plans to break ground in February. The theater will anchor the center's entertainment district in suburban Lawrenceville, GA.
ATLANTA-The 11-year-old, 31-story, 805,972-sf class A building is the largest office property north of Midtown Atlanta and the tallest building in DeKalb County. The five-year loan carries a fixed 5.26% interest rate.
ATLANTA-In a further move to strengthen its industrial services group, G&E has named Dave Watson senior vice president. He was previously a first vice president in the Atlanta office of CB Richard Ellis Inc.
ATLANTA-Anticipating an aggressive 2003, Wells Real Estate Funds has added three professionals to its team. Mark Preston and Shak Presswala are former staffers at SunTrust Robinson Humphrey Capital Markets, while Ginger Griffith moves up to investment office/closing level.
ORLANDO-The planned 1,100-acre, $2 billion community has sold over 100 homes and broken ground on 200 luxury apartment units in the past 90 days. The near-Downtown venture is approved for one million sf of office and retail, and 3,000 residences.
ORLANDO-The estimated $60 million warehouse would be the second largest industrial structure of its kind in Central Florida, next to the 1.5 million-sf distribution center leased by Kmart in Ocala, FL.
ATLANTA-Donald A. Burns, a former appraiser at PricewaterhouseCooper, Arthur Andersen and Lend Lease Real Estate Investments; and Austin D. MacMullan, a former underwriter at Lend Lease, Equitable Real Estate and Landauer Assoc. are the new principals in Atlanta for Chicago-based Real Estate Research Corp.