JEFFERSON, GA-Solution Property Group of Atlanta wants to construct a 12-building, 2.8-million-sf distribution center at Josh Pirkle Road and GA 124. Another developer plans a 3.2-million-sf industrial park.
ORANGE CITY, FL-Construction of owner-occupied office and industrial properties, along with new retail product, will be in strong demand near a growing residential area 35 miles north of Downtown Orlando, predicts John Wanamaker, head of Coldwell Banker Commercial Property Showcase.
ATLANTA-The Fulton County Development Authority helped the local developer with $16 million in funding on the $28-million, 320-unit project that was a popular shelter community with pilots and flight attendants when it opened near Hartsfield-Jackson International Airport in 1972.
CLERMONT, FL-The Central Florida division of Fidelity National Title Insurance Co., which booked $2.5 billion in closed realty deals in 2003, is opening its 12th closing facility in Citrus Tower Center in June.
ATLANTA-In an overall metro office market where the first-quarter vacancy rate was 22.4%, the 147,052-sf property is thriving in an Airport/South submarket driven by a $5-billion expansion of Hartsfield-Jackson International Airport and Delta Air Lines' headquarters space needs.
LONGWOOD, FL-Once ranked the 13th best golf course in Florida, the 16-year-old property is taken over by privately held Alaqua Mortgage Co., the only bidder at a Seminole County court public auction.
ATLANTA-The 22-story Pinnacle office building and the 13-story Live Oak Center next door are being marketed together by CB Richard Ellis Inc. The sale of another property, Wildwood Office Park, is being brokered by Eastdil.
ATLANTA-Bill Brewer, chief financial officer of the locally based hotel chain, calls the federal lawsuit frivolous. The suit alleges the workers were dismissed or forced to quit because of their race. The plaintiffs seek undetermined monetary damages of at least $75,000, the minimum threshold in US District Court filings.
MELBOURNE, FL-The 80-year-old, 35,166-sf 1900 Building Downtown changes hands as the Building 1900 LLC of Melbourne pays Harry and Wendy Brandon of locally based Brandon Properties $3.4 million.
PONTE VEDRA FL-The St. Petersburg, FL-based developer buys a 7.1-acre tract from Frank Winberry and Son Co. for $4.5 in this Jacksonville suburb where the company plans to develop a 43,000-sf neighborhood shopping center.