JACKSONVILLE, FL-True North Investments principals Carl Manofsky and Tim Luby pay Delhaize America $16 million, or $20.16 per sf, for a 793,500-sf former Food Lion distribution center in suburban Green Cove Springs, FL.

SANFORD, FL-Entrepreneurs Gordon and Helen Phillips paid Leather Specialty Co. a below-replacement price of $900,000, or $36.89 per sf, for a 24,396-sf warehouse at 2690 West Airport Rd. in the Longwood/Lake Mary/Sanford industrial market.

ATLANTA-Directors at locally based Wells Real Estate Investment Trust II raise the dividend rate from an amount equal to a 2.5% annualized return on a $10 investment per share to a 5% annualized rate.

ATLANTA-Local developers won't formally say it but they are disappointed over Coca-Cola Co.'s decision to hold off developing a combination retail-residential-entertainment village venture on part of its Downtown tract between the north end of Centennial Olympic Park and Alexander Street.

JACKSONVILLE, FL-Wells Fargo Bank was the sole lead arranger and agent for the transaction which allows the locally based retail REIT to lower its facility from $600 million. Regency's total assets before depreciation are $3.4 billion. Seventeen banks participated in the deal.

LAKE MARY, FL-The locally based publishing company pays Calsters-CBRE of Los Angeles a below-replacement price of $2.5 million, or $42.53 per sf, for the 13-year-old, 57,600-sf building at 1051 Sand Pond Rd. in the Interstate 4 industrial corridor of this suburb.

ATLANTA-Owners of the six-year-old, 195,562-sf power center at Cumberland Boulevard and Cobb Parkway find a long-term investor who save them from selling the 100%-leased property, according to the Boston office of Tremont Realty Capital.

ATLANTA-The former chairman of Post Properties Inc. is back in the development business, orchestrating an alliance of five companies with a workforce of 750. He isn't running the companies, just guiding them, Downtown brokers in a position to know tell GlobeSt.com.