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PHOENIX-CVS Corp. decides to dispose of six Eckerd stores, valued at $3 million each, are less than one year old. The package represents about 14,000 sf of retail space on 1.9 acre sites.
TAMPA, FL-RBC Centura Bank of Rocky Mount, NC, the personal and commercial banking operation in the US for its Toronto-based parent, is moving from 3,500 sf of Downtown subleased space at Wachovia Center to 8,472 sf quarters at Corporate Center Three in the International Plaza of the Westshore market five miles away.
TAMPA, FL-The Tampa Bay area is projected to show an increase of 33,000 jobs by the end of the year, a 2.7% gain and the largest regional employment expansion in four years, according to a new market study by Marcus & Millichap Real Estate Investment Brokerage Co.
MIAMI-The joint venture of the two locally based firms sold the six Florida shopping center portfolio to multiple buyers for $46 million more than it sold for a little more than two years ago. Included in the portfolio were Miami's South Dade Shopping Center, which sold for $23.9 million, and Miller Square, which went for $35 million.
DALLAS-PricewaterhouseCoopers pens a 12-year lease for five full floors at its 10-year address in the CBD, ending a hard-fought battle between Crescent and Hillwood. The renewal, coming nearly two years early, includes an estimated $7-million office retooling.
EAST RUTHERFORD, NJ-The 6.2 million sf of space in 14 states move from the portfolio of First Industrial and Kuwait Finance House into the hands of a partnership led by JFR Global. Cushman & Wakefield arranged it.
ATLANTA-Despite having his partner drop out at the last minute, Allen Goins, president of AG/Armstrong, perseveres and wins approval from Fulton County commissioners for a 170,609-sf retail, office and residential venture at Birmingham Four Corners in the largely rural northwest end of the county.
TAMPA, FL-The Los Angeles-based financial services firm signs an estimated five-year lease at an approximate aggregate value of $5.5 million, area brokers tell GlobeSt.com. Fremont Investment & Loan occupies another 35,000 sf at a separate area location.
ATLANTA-Batard Partners LLC, an affiliate of locally based European American Realty Ltd., sells the five-month-old, 206-unit Paces 325 venture to Lincoln National Life Insurance Co. of Fort Wayne, IN for $231,553 per unit. The project has 4,800 sf of retail.