ATLANTA-The Jacksonville, FL-based firm paid the New York Central Pension Fund an estimated $35 million or about $127 per sf for the 13-year-old, 275,000-sf structure at 5660 New Northside Dr.
ORLANDO-The planned mixed-use project, Foothills of Mount Dora, expects to break ground in 2004 on 1,000 homes and 180,000 sf of retail/commercial space, while Center Lake Properties has the green light for an estimated 1,500 homes.
ATLANTA-In one of the highest per-sf sales of an office building this year, 2525 Durham Assoc. LLC paid Ralden II Limited Partnership $137.44 per sf for the 83,675-sf Durham, NC structure.
ATLANTA-The presence of the 64-year-old, Little Rock, AR-based retailer at the planned $2 billion, 138-acre mixed-used, Midtown venture would be the first full-service department store built in the central business district in 50 years.
ORLANDO-Transaction terms weren't disclosed but area brokers intimate with the 11-month-old deal tell GlobeSt.com the prime parcel in Celebration, FL commanded at least $500,000 per acre or an estimated $200 million.
ATLANTA-Principal Global Investors of Des Moines, IA paid an affiliate of New York-based Lehman Brothers $6.9 million or $33.94 per sf for the 203,280-sf, 85% vacant structure in Clayton County.
ATLANTA-Paul A. Criscillis Jr. has joined the Cobb County-based development and management firm as its chief financial officer. He is a former partner with Deloitte & Touche.
ORLANDO-The firm is on the move, paying $38 million for the 720-unit Tree Crossings Apts. in Hoover, AL and selling both the 105,000-sf Circuit City Plaza in Altamonte Springs, FL for $9 million and a one-acre shopping center parcel in Jacksonville, FL for $285,000.
ORLANDO-For the second time in three years, the locally based celebrity-themed restaurant chain is emerging from Chapter 11. The company once owned or controlled an estimated 2.4 million sf of retail around the world but that has now dwindled to around 900,000 sf.
ATLANTA-Peter Mitchell will oversee property purchases for the locally based company's 1031 exchange program. He previously handled closings for the Atlanta-based REIT.