ORLANDO-New York Mets owner Fred Wilpon's Sterling American Property IV LP and Continental Real Estate Cos. joint venture to buy the 19-year-old, 16-story Downtown office building from Hanover Reinsurance Co. of Hanover, Germany.
ATLANTA-The largest transactions were for BioLab Inc.'s 88,928-sf new headquarters lease and a 50,000-sf signing for a research facility in Hillside III at Huntcrest, located in suburban Gwinnett County.
ORLANDO-REH Capital Partners LLC of Fort Lauderdale, FL paid an Arizona-based lender $4.7 million for the 144-unit, 10-acre property located at State Road 535 and U.S. 192, minutes from Walt Disney World and Universal Orlando.
ORLANDO-RKM Lakeview Inc. of St. Petersburg, FL sold the four-year-old 54,788-sf Lakeview Plaza shopping center in Kissimmee, FL for $6.15 million. The acquisition is one of 12 Southeast properties that Inland closed during the last two weeks of 2002.
ATLANTA-Renaissance at Park Place South in the city's Lakewood area is one of several affordable housing ventures planned by Atlanta developer Steven DeFrancis. Additional plans include the redevelopment of the King Historic District.
ATLANTA-Locally based Wayne Mason and Emory Morsberger pay a fire-sale price of $9.91 per sf for the former Bank of America operations center at 222 Mitchell St. Owner Dana Commercial Credit initially sought $10 million for the vacant property.
ATLANTA-BarcoView LLC of suburban Duluth, GA will now have a total 130,000 sf at its Business Park at Sugarloaf campus, where the firm is working on a new $51 million job for the Federal Aviation Industry and Lockheed Martin Air Traffic Management.
ORLANDO-Among the deals, CB Richard Ellis Inc. broker David Murphy has closed a $5 million, 366,000-sf, 11-building deal at the former van conversion headquarters of Mark VIII near Ocala, FL. Demand exceeds supply of quality properties in the market, CBRE reports.
ATLANTA-TRW Inc. is taking the entire two-story, 46,062-sf Harvard Building for seven years for an estimated $6.4 million, while Georgia Medical Foundation will occupy 36,000 sf in the Lincoln Parkway Building for seven years for an estimated $5 million.
ATLANTA-The blueprints being reviewed by the Atlanta Regional Commission call for a multi-million-dollar facelift of a 50-acre site in the suburb's southeast section, near the Avondale MARTA station.