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MCDONOUGH, GA-In one of the largest industrial leases of the third quarter, Tampa, FL-based IFCO-US LLC is taking the space at the three-year-old, 1.4-million-sf Interstate South Industrial Park here, about 30 miles south of Downtown Atlanta.
SAN DIEGO-The banking group's chief economist says the MBA believes the recovery is under way and the US is headed for economic growth. Rising rates for home mortgages will have implications for apartment investors.
TAMPA, FL-The Jackson, MS-based REIT paid $4.9 million, or about $67.36 per sf, for the two-year-old, 72,000-sf, 100%-leased Crown Park Commerce Center in the Tampa International Airport submarket.
TAMPA, FL-On the market for only 83 days, the 76-unit, 21-building Cedar Pointe Apartments at 5409 Temple Palms Ave. was snapped up by Cedar Pointe Apartments LLC of Mascoutah, IL for $2.8 million, or $36,184 per unit.
DAYTON, OH- Glimcher Realty Trust of Columbus, OH closes a new permanent mortgage for the Mall at Fairfield Commons here. The loan replaces variable rate debt that was scheduled to mature in the next 15 months.
ATLANTA-Far from being categorized as a robust market, the city's 80,000-room hotel inventory, nevertheless, is showing signs of improvement but won't be on solid ground until 2004 and 2005, a new Marcus & Millichap study shows.
PHILADELPHIA-Maritrans, the sea-going transportation company, sells 21 acres of vacant land on Essington Avenue for more than $2 million. The parcel is near the Auto Mall and Philadelphia International Airport.
TAMPA, FL-New construction ebbs as low rents and a third-quarter improved overall vacancy level of 14.24% combine to slow down fresh office development, according to a new report on the Tampa Bay area from Colliers Arnold.
TAMPA, FL-Flagship Investments of Boston and New York is the new owner of the 100%-leased, 69,217-sf shopping center facing the Gulf of Mexico on Florida's west coast, about 40 miles north of the city. The deal took only 75 days to complete.
ATLANTA-The six-year-old, Durham, NC investment and development company pays Northbridge Atlanta Inc. $7.15 million for the 20-year-old Northbridge Shopping Center in suburban Dunwoody, GA.