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ATLANTA-Hillwood Development Corp. of Dallas and Opus South Corp. of Tampa, FL are breathing a little easier today after Spherion signed a 10-year, 69,176-sf lease taking almost half of the four-month-old, 165,000-sf building in north Fulton County.
CLERMONT, FL-This Orlando bedroom community of 8,670 permanent residents in south Lake County is getting its first Outback Steakhouse as the Tampa-based restaurant chain completes a shopping center deal on busy State Road 50 for 6,000 sf with an estimated aggregate value of $1 million over 10 years.
ORLANDO-Orlando slipped to sixth place from second position behind Las Vegas in the final 2000 rankings of major markets by the University of Central Florida. The rankings are based on number of permits pulled per 1,000 non-agricultural jobs in 20 markets.
ORLANDO-The three-year-old Council for Sustainable Florida, a non-profit, Tallahassee, FL-based consortium of corporate and government executives, recognized 21 statewide public and private groups for their outstanding performance, leadership and initiative in 2000.
ORLANDO-SouthStar Development Partners Inc. of Miami is selling five-acre to 10-acre parcels at the 21-year-old, 1,800-acre mixed use park next to Universal Orlando for $6 per sf to $10 per sf. SouthStar bought MetroWest last October from Debra Inc. of Saudi Arabia for $60 million or $115,384 per acre ($2.64 per sf).
ORLANDO-In what will probably amount to being the public relations coup of the year in Florida commercial real estate circles, the Chicago entrepreneur's Equity Residential Properties Trust is offering discounts with a potential value of $1,100 a year at 31,000 company units in nine cities.
NORTH MIAMI BEACH-The locally based real estate investment trust has signed a definitive stock exchange agreement to acquire the US shopping center operations from a subsidiary of Canadian-based Centrefund Realty in a stock deal valued at $121 million.
RAHWAY, NJ-Denholtz Associates, based here, has paid approximately $186 million for a national office and flex/industrial portfolio from Chicago-based Banyan Strategic Realty Trust. Cohen Financial advised Banyan; Arthur Andersen LLP advised Denholtz.
CHICAGO-Denholtz Associates buys 27 office and industrial properties throughout the Midwest and Southeast, increasing its porfolio to nearly 8 million sf from the local REIT undergoing liquidation.