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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.
PHOENIX-The 14,000-sf stores in Glendale and Scottsdale are among 30 on the books for the drug store giant in an expansion of its Phoenix-area footprint. Construction begins next month with March 2004 openings marked on the calendar.
SKOKIE, IL-Chicago-based CMD Realty Investors, with a 10-million-sf office and industrial portfolio across the US, comes back into the local market with its purchase of the warehouse and manufacturing building at 7300 N. Linder Ave.
TAMPA, FL-It was only a $500,000 deal in a 29,915-sf building for 5,607 sf, but Colliers Arnold broker James Stuckey had to negotiate with two separate owners to get the transaction completed.
TAMPA, FL-The Arlington, VA-based firm acquires the 95-room Hilton Garden Inn Ybor City from Impact Properties of here for $12.25 million, or $128.94 per room, the highest per-room price paid for a hotel in the local market since 1996, according to Dennis Reed, vice president at The Plasencia Group Inc. who brokered the sale.
BRADENTON, FL-Duke Realty Corp. of Indianapolis is scheduled to break ground later this month on the 12-acre, $18 million build-to-suit project within Town Center at Lakewood Ranch in Manatee County, about 80 miles northwest of Downtown Orlando.
ST. PETERSBURG, FL-Colliers Arnold broker John F. Gerlach brings the 46,000-sf Roosevelt Lakes office building up to 96.7% occupancy before selling the facility and 9.2 acres for locally based owner Industries Training Corp. for $5 million. The deal took only four months to do.