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MIRAMAR, FL-The Pompano Beach-based furniture retailer takes occupancy in ProLogis' 545,000-sf Kellstrom Building to 100% in the largest industrial lease transaction in Broward County this year.
MAITLAND, FL-ADS Telecom, with offices in suburban Lake Mary, Tampa and South Florida, buys 8,000 sf for an estimated $1.68 million. It is the first of 14 transactions scheduled to close by year's end at the 53,000-sf, Maitland Professional Office Village.
WINTER PARK, FL-Thomas D. Wood and Co. of Coral Gables names former Cohen Financial executive Doug Rozzell to manage the office at 2105 Park Ave. and act as senior loan officer for the mortgage-banking firm whose servicing portfolio is valued at $1 billion.
LAKELAND, FL-Star 999 Development Inc. of Tampa pays Nutting/Rice Lakeland LLC of Syracuse $21.16 per sf for the VIP Structures Building, a 151,200-sf dock-high warehouse.
ST. PETERSBURG, FL-Direct vacancy for the first half is 14.2%, down from 15% in the same period last year. Rents are moving upward with the average asking rate at $18.56 per sf, about 3% higher than mid-year 2004, according to Advantis/GVA Real Estate Services Co.
ATLANTA-The 22 buildings in seven major hubs sell for about $177.41 per sf after being on the market since June, people in a position to know tell GlobeSt.com. The Atlanta portfolio consists of 800,000 sf with average occupancy at 90%.
ORLANDO-New York-based Teachers Insurance and Annuity Association acquires its second area retail asset in three months with the purchase of the 129,010-sf Plaza Venezia at the southeast corner of Sand Lake Road and Dr. Phillips Boulevard in south Orlando.
ORLANDO-New York-based Teachers Insurance and Annuity Association acquires its second area retail asset in three months with the purchase of the 129,010-sf Plaza Venezia at the southeast corner of Sand Lake Road and Dr. Phillips Boulevard in south Orlando.
FARMINGTON HILLS, MI-Ramco-Gershenson Properties Trust, a retail REIT, puts shopping centers on the market. The centers, combined, are valued at $85 million, and are approximately 1.29 million sf.
FARMINGTON HILLS, MI-Ramco-Gershenson Properties Trust, a retail REIT, puts shopping centers on the market. The centers, combined, are valued at $85 million, and are approximately 1.29 million sf.