CLARKSTON, GA-Worthing Cos. of Atlanta pays owners Frank and Mary Jane Sams Bentz an estimated $300,000 for the remaining 11.6 acres of an original 350-acre tract near here, about 20 miles south of Downtown Atlanta. A 280-unit apartment complex is planned for the site.
ALTAMONTE SPRINGS, FL-General Growth Properties of Chicago is giving its 30-year-old regional shopping center a new look in hopes of attracting shoppers beyond its conventional five-mile trading area.
EUSTIS, FL-The Florida Fish and Wildlife Conservation Commission alleges Lake County builder Keith Shamrock or his representative illegally cleared a 25-acre development along South Fish Camp Road near Eustis, about 30 miles northwest of Downtown Orlando.
GAINESVILLE, GA-Instead of constructing a comparable structure for at least $50 per sf, Kipper Tool Co. pays $3.5 million for a 301,000-sf building that formerly housed the manufacturing operations of a baby bed company in this Hall County city of 25,000 permanent residents.
ATLANTA-Tri-Kell Investments of Cobb County is asking Fulton officials to rezone 23 acres at Birmingham Highway (GA 372) and Providence Road for the development of 120,000 sf of retail, 15 miles northwest of Downtown.
ORLANDO-Laura Ragans, who oversees management activity for the Toronto-based owner at the three-building, 350,000-sf office complex in south Orlando, is named Property Manager of the Year.
ATLANTA-Despite a soaring vacancy rate of 23.3% and a total 3.7 million sf of unoccupied space in the Midtown submarket, the former Georgia Tech quarterback's company, Dewberry Capital, plans to break ground this year on Two Peachtree Pointe, a 19-story, 292,000-sf tower.
ORLANDO-The privately held North Carolina developer hires Perry J. Reader to head the new division and scout for fresh development leads. Reader oversaw the development of one million sf of commercial space at Walt Disney World's Celebration, FL community in his six years as president of Celebration Co.
ATLANTA-Spotting a niche market among 25-to-45-year-old buyers, Braden Fellman Group Ltd. is completing construction of the 33-unit loft development in suburban Virginia-Highland and has only 10 units left to sell at prices under $250,000.
WINTER PARK, FL-In a puzzling scenario, five national retail organizations are not renewing leases on the 120-year-old, one-mile-long exclusive Downtown artery in this affluent Orlando suburb.