"Baptist Hospital's campus, the anchor occupant to the north end of the park and the new interchange, which will provide direct access to the park from Interstate 95, are expected to be completed in first quarter 2005 and early to middle 2004 respectively," Anestis says. "These developments will facilitate the park's transformation from a rail-served industrial park to a class A corporate park positioned directly in the path of impressive growth in southern Jacksonville."

Total realty sales for the third quarter were $47.6 million and $72.7 million for the first nine months of the year. During the quarter, which ended Sept. 30, Flagler sold its 50% ownership interest in three 98,000-sf office buildings in the Beacon Pointe Office Park in South Florida to its former partner, Duke Realty Corp., for $22.3 million and a six-acre undeveloped land parcel in the same park for $2.4 million, or $400,000 per acre.