ORLANDO-The 314,000-sf retrofitted Westside Crossing Plaza in West Orlando and the adjoining 36,000-sf Mandarin Plaza, a former Rhodes Furniture Showroom, are about 75% preleased at average asking rents of $15 per sf among the 60 tenants.
ATLANTA-The undisclosed acquisition price will double the Atlanta-based firm's operations, by adding 750 small to medium-sized businesses to its customer base and 140 class A buildings to its portfolio of 1,000 office properties in 25 major metro markets.
ORLANDO-Thai Singha Inc., which owns and operates three Thai Singha locations, paid Orlando-based Saigon Wok LLC $148,000 or $92.50 per sf for the 1,600-sf, two-year-old Saigon Wok in Waterford Lakes Town Center, east Orange County.
TAMPA, FL-The Oak Brook, IL-based retail REIT outbid several prospective investors by paying Colonial Properties Trust of Birmingham, AL $17 million or $111 per sf for the 152,667-sf, 30-year-old shopping center in Seminole, FL, midway between Tampa and St. Petersburg, FL.
ORLANDO-Developer Bobby Ginn names Tom O'Leary as COO and EVP of the new venture, which includes the 2,300-acre Reunion Resort & Club in Davenport, FL and the 1,000-acre Hammock Beach condominium community in Palm Coast, FL.
ATLANTA-After formally leasing the space at the former Macy's department store site in the 180 Peachtree Building in 2000, the Broomfield, CO-based fiber-optic cable distributor held off occupying the premises when the high-tech market crashed in mid-2001.
ATLANTA-The Eden Prairie, MN-based grocer expects to open 35 Sav-A-Lot and Deals stores in Atlanta over the next five years, marking a comeback from two years ago when it closed 17 Cub Foods sites co-owned with Delhaize Group, parent of Food Lion.
JACKSONVILLE, FL-Main Street America Group, a Keene, NH-based property and casualty insurance provider, continues its corporate expansion by leasing the space for an estimated 10 years at an estimated aggregate rent of $12 million. Occupancy is scheduled for January 2004.
JACKSONVILLE, FL-The 12-year-old, Norfolk, VA-based developer sold the 17-year-old, 93%-leased Island Pointe apartment complex to Sagebrush Realty Investments Inc. of Denver for $15.25 million or $52,951 per unit.
ORLANDO-The 32-year-old, locally based subsidiary of Rank Group PLC of London, posted operating profit of $41.7 million in 2002, a 23.5% drop from $54.5 million in 2001. But total sales of $365.8 million topped the $356.4 million booked in the previous year.