PEACHTREE CITY, GA-A Superior Court judge rules the controversial 265,000-sf addition proposal for the 10-year-old Kedron Village Shopping Center here must first go back to city council for a final vote before the council's decision is tested in court.
CARROLLTON, GA-The Orlando-based discount airline is leasing an estimated 50,000-sf facility near the State University of West Georgia where up to 200 employees, mostly college students, will handle reservations and other customer calls later this month.
TAMPA, FL-Sales volume and prices reached new heights in 2003 with over $250 million in properties traded, according to a new market analysis by Marcus & Millichap. Neighborhood and community centers sold for a median price of $90 per sf in 2003, up from $64 per sf in 2002.
ATLANTA-Eleven cities told the 34-country Free Trade Area of the Americas this week they are willing to offer free land, buildings, infrastructure, equipment and space for 200 headquarters employees. Possible local sites are Centennial Olympic Park, Atlantic Station, Carter Center and suburban College Park, GA.
ATLANTA-Buckhead, GA-based Focus Development Inc. withdraws a zoning request on a 44-acre tract in south Forsyth County that included the 15-acre, privately owned Mathis Airport. But homebuilder Joe Voyles had a $1.7-million backup offer for the airport land which the owner will accept.
ORLANDO-In one of the largest industrial leases this year, Advantis Real Estate Services Co. convinced Lake Forest, IL-based Packaging Corp. of America to keep its warehouse space in the city's northwest submarket on an estimated 10-year lease valued at about $1.8 million.
ALPHARETTA, GA-The Fulton County Board of Education wants to hear from area residents before making a decision on the $500,000-per-acre offer from John Smoltz, who is also a board member of King's Ridge Christian School, the eventual user of the property.
ATLANTA-Sembler Co. of St. Petersburg, FL and Stephen D. Bell & Co. of Greensboro, NC plan to begin demolition in April of two former BellSouth office towers totaling 600,000 sf on Perimeter Center Parkway and build Perimeter Place, a $150-million complex.
KISSIMMEE, FL-SCI Real Estate Investments of Los Angeles and 21 other tenant-in-common investors pay $25.1 million for the 418-unit Caribbean Isle Apartments, 20 miles south of Downtown Orlando.
TAMPA, FL-St. Paul Properties pays State Teachers Retirement System of Ohio $58.24 per sf for a total 370,886 sf of office/flex space in six buildings in Tampa and neighboring St. Petersburg, FL.