ATLANTA-The estimated $100 million, 1.14-million-sf venture by Cincinnati-based North American Properties expects to open the first 750,000-sf phase at 100% occupancy on 145 acres at Interstate 285 and Camp Creek Parkway in southwest Fulton County.
ATLANTA-The locally based REIT sold the 29,789-sf Heritage Place shopping center in suburban Tucker, GA to Edward Larkin of Larayne Enterprises for $3.4 million or $114 per sf. Wells owns the adjacent 67,374-sf Heritage Place office building.
ATLANTA-The Rahway, NJ-based developer signs five small leases at the 21-year-old, five-building, 365,570-sf property in suburban Norcross, GA. The strategically located, 125-tenant park has an average asking rent of $14 per sf.
FLAGLER BEACH, FL-The one-year-old, Las Vegas-based entrepreneur is paying Flagler Beach, FL owner Rosemary Williams Hardman no hard cash in the $500,000 acquisition of her trademarked pet business on 5.47 acres at 711 John Anderson Highway. The buyer is giving the seller a promissory note for $200,000 and company stock valued at $300,000.
ATLANTA-The locally based REIT sold the 29,789-sf Heritage Place shopping center in suburban Tucker, GA to Edward Larkin of Larayne Enterprises for $3.4 million or $114 per sf. Wells owns the adjacent 67,374-sf Heritage Place office building.
DAYTONA BEACH, FL-Atlanta-based American Safety Insurance Services Inc. plans to re-start construction next week on the eight-building, seven-story Links condominium project after town officials in nearby Ponce Inlet, FL shut down the estimated $75 million job April 2.
FLAGLER BEACH, FL-The one-year-old, Las Vegas-based entrepreneur is paying Flagler Beach, FL owner Rosemary Williams Hardman no hard cash in the $500,000 acquisition of her trademarked pet business on 5.47 acres at 711 John Anderson Highway. The buyer is giving the seller a promissory note for $200,000 and company stock valued at $300,000.
ATLANTA-Representing Newnan Crossing Partnership, the firm negotiated a $1.8 million, 17.3-acre sale to CED Holdings for $104,046 per acre, and a $1.1 million, 1.5-acre sale to Riverwood Properties for $733,333 per acre.
DENVER-The Orlando-based affiliate of CNL Financial Group Inc. has paid an average $17.33 million for three Brighton Gardens residences from Summit Cos. Inc. of Colorado. The acquisition gives CNL 53 properties with 6,823 units in 22 states.
ATLANTA-In its first formal reply to ex-chairman John A. Williams' ongoing fight to regain control of the company, the apartment REIT says that if Williams succeeds, the firm will have problems recruiting top management personnel in the future.