ORLANDO-Seven projects totaling 844,000 sf are all that is in the development pipeline for this year even though projected demand is for 1.2 million sf, St. Joe Commercial president Frank W. Herring Jr. tells GlobeSt.com.
FORT LAUDERDALE, FL-The 3.7 million-sf Fort Lauderdale CBD has the lowest vacancy level at 16.92%. Sublease space totaling 657,034 sf has brought the overall vacancy mark in the 22.3 million-sf county market to 19.86%, according to a new study by RealData Information Systems Inc. of Coral Gables, FL.
DEERFIELD BEACH, FL-The 15-year-old, locally based manufacturer and distributor is taking the entire space at the newly completed Enterprise Center, 1601 Green Road, Pompano Beach, FL. The six-year lease has an estimated aggregate value of $1.8 million.
ORLANDO-After a year-long national search, Advantis Real Estate Services Co. is installing Gregory L. Morgan as regional director, management services, Central Florida, to oversee the company's 8.5 million-sf office, flex and industrial portfolio in Orlando, Tampa and South Florida.
ORLANDO-The Sept. 11 terrorist attacks bit into the themed restaurant's bottom line with operating profit of $54.5 million down from $66.5 million in 2000. Pittsburgh, Minneapolis and Austin will see new restaurants this year.
ATLANTA-The five-year lease has an estimated aggregate rent value of $688,320. Other tenants in the Gwinnett County park in suburban Norcross, GA are Germany-based Dornbracht USA and Sub-Zero Distributors.
TAMPA, FL-The 5.62 million-sf central business district submarket saw 394,551 sf go dark in fourth quarter 2001, bringing total net absorption to a negative 128,852 sf, the poorest performance of the last six years.
LEBANON, TN-Bridgestone/Firestone North America will be moving to the new facility in February 2003 from its existing 375,000-sf location in Memphis, TN. The estimated value of the tenant's 10-year lease is $22.5 million. Ground-breaking is tentatively set for May 1.
FORT LAUDERDALE, FL-The 3.7 million-sf Fort Lauderdale CBD has the lowest vacancy level at 16.92%. Sublease space totaling 657,034 sf has brought the overall vacancy mark in the 22.3 million-sf county market to 19.86%, according to a new study by RealData Information Systems Inc. of Coral Gables, FL.
ORLANDO-The $7 million in hotel room collections, while an improvement from last month, is 22% down from January 2001 and is largely due to discounted rates, Orange County comptroller Martha O. Haynie notes in her monthly report.