FORT MYERS, FL-In separate transactions, the 397-unit Forestwood and 250-unit Georgian Bay multifamily properties here sell for $24.2 million and $13.2 million, respectively. The JV purchaser of the latter plans an immediate condo conversion.

EXTON, PA-True Value Hardware takes 60,000 sf in the Trust's warehouse building in Upper Macungie for over $1 million. Three tenants lease 36,500 sf in a Trevose, PA property in agreements aggregating more than $1.3 million.

DAVIE, FL-The 36,212-sf shopping center at the intersection of Davie Road and Nova Drive is fully leased and can accommodate 3,000 sf of additional space on an existing outparcel. The $7.2-million price tag includes a $4.9-million loan.

PHILADELPHIA-A 19-property portfolio of freestanding units averaging 6,000 sf each is offered as a package. All are tenanted by Goodyear or Jiffy Lube. Leases on 14 of the units expire in March 2007, providing a redevelopment opportunity.

DADELAND, FL-Metropolis at Dadeland, a 25-story, twin-tower residential condo complex under development by Miami-based Terra ADI International Developments, is sold out, according to Lorraine Navarro, sales manager. Tower I is ready for occupancy and ground is currently being broken on its twin.

BOCA RATON, FL-Within days of closing on its acquisition of Boca Resorts' five South Florida properties, the New York-based investor brings in new management and plans renovations. In unrelated news, Mike Hefley resigns from Gables Residential.

PLYMOUTH MEETING, PA-Centro is undertaking the purchase of Kramont in conjunction with Santa Monica, CA-based Watt Commercial Property, its JV partner in the US, for $23.50 a share, a 17%-premium over Kramont's current price per share.

PLYMOUTH MEETING, PA-Centro is undertaking the purchase of Kramont in conjunction with Santa Monica, CA-based Watt Commercial Property, its JV partner in the US, for $23.50 a share, a 17%-premium over Kramont's current price per share.