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ORLANDO-Beat Kahli says growing traffic concerns and a lack of new roads in east Orange County convinced him the time was not right to proceed with re-development of the former 2,408-acre, industrial-zoned International Corporate Park into a mixed-use venture.
TAMPA, FL-Triple Net Properties LLC of Santa Ana, CA pays $51.12 per sf for NNN Netp@rk LLC, a two-story, 919,405-sf office and technology center. Cohen Financial arranged the financing through Fleet National Bank.
ORLANDO-Daryl M. Carter, who has closed more than $2 billion in joint acquisition and disposition deals over the past 15 years, spends $7.44 million acquiring a shopping center and 140 acres of undeveloped land. All were cash deals.
TAMPA, FL-Michaels Development Co. breaks ground on two community centers and 358 apartments at the planned 559-unit Belmont Heights Estates in East Tampa. Clark Realty Builders is the general contractor for Michaels and co-developer Tampa Housing Authority.
KANSAS CITY, MO-The Kansas City-based entertainment properties REIT forks over $29.5 million for two movie theaters, a 24-screen property in Tampa, FL and a 12-screen property in Lawrence, KS.
FONTANA, CA-Diversified Partners of Irvine pays $14.8 million for the Palm Court at Empire Center while Oakland-based Kaiser Foundation Health Plan spends $1.7 million for a freestanding building in the center in a splitting of 266,000 sf.
ORLANDO-In the biggest Downtown, class A leasing transaction this year, the Atlanta-based company continues to occupy the 15,000-sf lobby and the seventh, eighth and ninth floors of the 28-story, 421,204-sf Bank of America Building at 390 N. Orange Ave.
TAMPA, FL-The largest and richest consumer market in Florida boasts a low 6.8% vacancy mark in the last two quarters with net absorption of 278,326 sf. Investors are clamoring for non-grocery-anchored strip centers in a strong location.
TAMPA-Brad Luger, executive director of Advantis Real Estate Services Co./GVA's investment services group in Florida, posted 2002 transaction volume of $50 million in a challenging industry year, the firm states.
NEW PORT RICHEY, FL-The Southfield, MI-based REIT paid River Crossing Partnership $115.32 per sf for the 62,000-sf, 100%-leased Publix at River Crossing property here, 20 miles north of Tampa.