Four small deals set the tone for a possible pattern in the first quarter of 2003. In the largest of the transactions, CB Richard Ellis Inc. broker David Murphy closed a $5 million, 366,000-sf deal at the former 11-building van conversion headquarters of Mark VIII near Ocala, FL. Hydra Spa Inc. of Clearwater, FL purchased the property for about $13.66 per sf.

In other transactions, the Carvalho Family Trust bought a 43,748-sf warehouse at 1333 Pine Ave., Orlando, from Parrot Development Inc. for $1.75 million, or $40 per sf. Chuck McNulty of the McNulty Group negotiated for the seller.

Parrot Development paid Amdev Properties Inc. $2.05 million or $126.39 per sf for a 16,220-sf building in Cambridge Square office park in Longwood, FL. McNulty also brokered this transaction.