MIAMI-The locally based homebuilder plans to use the proceeds to pay down revolving credit debt and for general corporate purposes.

RICHMOND, VA-Ace Hardware Corp. pays Southpoint Industrial Park $1 million or $6,410 per acre in heavily-industrial south Richmond, 280 miles north of Downtown Charlotte. The big attraction: No inventory tax.

CAROL STREAM, IL-Four Columns, Ltd. takes possession of a 97,641-sf retail, office and warehouse facility at Army Trail and Merbach Roads in this DuPage County suburb, leasing out 72,033 sf to retailer Peppers Bedroom City.

SOUTH ARLINGTON, VA-The privately owned retail real estate company based in Bethesda, MD helped the gym ink a lease on a 28,000-sf former bowling alley in the Shirley Park Shopping Center on Glebe Road here.