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WebFX received a funding proposal from the Department of Community and Economic Development for the project. The proposal includes a $250,000 Pennsylvania First grant and $126,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs.
The opening of the Conn's HomePlus Lakeland distribution center in August 2020 will create approximately 50 new full-time jobs, with an estimated 720 additional statewide jobs generated as the retail showrooms open.
The firm sold the two properties after expanding into new facilities, according to Newmark Knight Frank, which represented the seller in the transaction.
The development, located about an hour north of Tampa, is fully leased. HTG completed the first phase of the development in 2017, consisting of 96 affordable apartments and broke ground on 94 additional apartments last year.
Participants in Transwestern's and GlobeSt. Real Estate Forum's Institutional Insurance Investors Symposium talk about what investments they are making as the cycle's end looms.
Among the new transactions was the new lease with Hazen and Sawyer, D.P.C., for 8,635 square feet, as well as a renewal and expansion for Barbara J. Prasse, P.A. for 2,416 square feet and a renewal with American Mortgage Services for 2,236 square feet.
Taurus Investment Holdings has acquired the Mezzo at Tampa Palms in the exclusive Tampa Palms community from Preston-Giuliano Capital Partners in a deal that calculated out to $173,529 per unit.