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PALM COAST, FL-Based on the pre-sale of most of the 190 high-rise homes, Mountain Funding LLC says it is taking a calculated risk with its money to Bay Communities on the development of Surf Club III, an eight-story oceanfront venture, 100 miles north of Downtown Orlando.
MUNDELEIN, IL-This international manufacturer of medical diagnostic systems has leased 85,000 sf here to expand its North American headquarters. Moving from north suburban Long Grove, the new offices should be open by June.
LITCHFIELD PARK, AZ-Seller Romar Investors gets the full asking price for a five-building, 23,691-sf development in a submarket that is running counter-cyclical to the rest of the metro. The fully leased buy comes with a lease rollover of two to five years.
ATLANTA-The 33-year old class C property in suburban Hapeville, GA boasted a 91% occupancy when it was sold by the Jerry S. Berez Trust to an affiliate of Atlanta-based Real Estate Investing & Consulting.
GALVESTON, TX-Sunhill International takes out an 18-month loan to buy five acres and build a 63,000-sf retail center near the University of Texas Medical School at Galveston. The first leg of the project delivers early next year.
LINTHICUM, MD-Fort Lauderdale-based computer security firm CyberGuard Corp. heeds its federal clients' calling by opening an office in the Linthicum, MD building known as Airport Square 14. CyberGuard has 2,800 sf of the 69,000-sf, four-story structure.
JACKSONVILLE, FL-The 32-acre Southside hospital campus expects to break ground in two months on a 250,000-sf hospital and an 80,000-sf physicians' office building in the 1,022-acre Flagler Center at Interstate 95 and Old St. Augustine Road.
BALTIMORE, MD-Cognate Therapeutics Inc., a biotech startup created through a state-backed venture fund, makes its debut at the University of Maryland Baltimore Campus incubator. Cognate now houses its office and laboratory space within a 14,000-sf space.
SEEKONK, MA-Seekonk Square, a 363,000-sf shopping center, gets a first mortgage of $13 million. The center, which is owned by S. R. Weiner & Associates, is nearly fully leased to tenants including Target, Kohl's and Home Goods.
SANTA FE SPRINGS, CA-CalTop Cooperative Inc. takes the space for its logistics operations in a move from a smaller building it owned in Montebello. The 57-month sublease carries a price tag of about $1.2 million.