St. Augustine is 150 miles north of Downtown Orlando where Flagler owns/operates several commercial real estate properties including the 835,000-sf, 85%-leased GranPark at South Park in Orlando Central Park, south Orlando.
The company's fourth-quarter and year-end financials show FECI lost $1.69 per diluted share versus a profit of $25.8 million or 70 cents per diluted share in 2000.
But Flagler's total realty operating profit was $25.96 million compared to a profit of $20.95 million in 2000.
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