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PEMBROKE PINES, FL-Shoma pays Northwestern Investment $220,000 a unit for the 31-building complex that was built in 1997 and is 100% leased. Direct-access garages for all units helped ratchet up the price, despite its age, according to a broker involved in the deal.
ST. PETE BEACH, FL-The North Miami Beach-based REIT and RMC Property Group of Tampa pay $203.37 per sf for the 138,169-sf center. The 93%-leased property is located on 11.4 acres along Boca Ciega Bay, across the street from the Gulf of Mexico.
ST. PETE BEACH, FL-The North Miami Beach-based REIT and RMC Property Group of Tampa pay $203.37 per sf for the 138,169-sf center. The 93%-leased property is located on 11.4 acres along Boca Ciega Bay, across the street from the Gulf of Mexico.
MIAMI-Indianapolis-based Bremner Healthcare Real Estate and its joint-venture partner, Duke Realty Corp., strengthen expansion to the South with a new office here. Christie Grays, formerly with Codina, is named business development director for Florida.
TAMPA, FL-Monmouth Real Estate Investment Corp. pays FE Tampa Investment LP $7.67 million for the eight-year-old property adjacent to the FedEx Ground Package System Inc. facility. Monmouth purchased that 170,779-sf property in 2004, as GlobeSt.com previously reported.
LARGO, FL-G & A Development pays Vista DeLagoa Inc. $53,190 per unit for the 235-unit property at 555 Belcher Rd. The buyer eventually plans to convert the 98%-leased asset to condominium homes in this West Central Florida market.
LAKELAND, FL-The Seffner-based furniture retailer decides to remain at the 100%-leased, 600,000-sf Lakeland Industrial Center for another 10 years, area brokers familiar with this Polk County submarket tell GlobeSt.com. They estimate the aggregate value of the lease at $5.5 million.
LAKELAND, FL-The Seffner-based furniture retailer decides to remain at the 100%-leased, 600,000-sf Lakeland Industrial Center for another 10 years, area brokers familiar with this Polk County submarket tell GlobeSt.com. They estimate the aggregate value of the lease at $5.5 million.