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LAKELAND, FL-The Southfield, MI-based REIT is redeveloping and expanding its 174,000-sf Shoppes of Lakeland shopping center here to 300,000 sf. The new Target department store will occupy 126,000 sf. The property is 60 miles south of Downtown Orlando.
TAMPA, FL-Expanding its Tampa, FL presence, the Irvine, CA-based firm names Bill Bach senior investment advisor. Bach has 22 years of experience in the Florida commercial real estate market.
ST. PETERSBURG, FL-The Richmond, VA-based REIT paid $30.7 million or an average $66,164 per unit for the 464-unit, 89%-leased Inlet Bay at Gateway Apartments, about 80 miles west of Downtown Orlando.
DALLAS-Ron Carey has returned to Texas after an eight-year stint in Florida, signing on as the senior investment officer for the Gulf/Mountain Region. He will steer First Industrial's "buy side" for five cities, where the goal is to spend $160 million.
ELMSFORD, NY-An Anaheim, CA-based wholesale lending company has signed a lease for almost 26,000 sf of space at 555 Taxter Road in Elmsford for a new regional office. The firm eventually hopes to have as many as 200 employees work at the operation.
AUBURNDALE, FL-The 620,000-sf facility, 60 miles south of Downtown Orlando, houses "the largest Minute Maid operation in the world," Polk County business development director Jim DeGennaro tells GlobeSt.com.
SANTA ANA, CA-The tenant-in-common specialist acquires the 321,836-sf tower from an investor group that bought it four years ago from Xerox. A loan of about $45.4 million was placed to acquire the 15-story, 85%-leased office building.
SANTA CLARITA, CA-The home improvement chain pays $3 million for the development site, but it has yet to say when it will build. Billed as one of the fastest growing areas in SoCal, retail developers are locking in sites and holding.