ATLANTA-The Tennessee REIT needs an OK from the Atlanta Regional Commission before breaking ground on the Mall at Newnan Crossing, a 150-acre suburban project with an estimated construction tag of $98 million, area land brokers tell GlobeSt.com.
ATLANTA-The 28.4 acres on Bullsboro Blvd., the main commercial artery in suburban Newnan, GA, went for $3.12 million or $2.53 per sf. Emory Peachtree Regional Hospital plans a $54 milion, 62-bed hospital on the site.
ORLANDO-The 72-year-old renowned golfer is talking with Tampa broker John Reaves who has contracted to buy the 1,433-acre tract atop a 350-foot high peak near Clermont, FL in rural Lake County for an undisclosed sum. Clermont is 25 miles west of Downtown Orlando.
JACKSONVILLE, FL-Florida's largest real estate conglomerate posted net earnings before interest, taxes, depreciation and amortization of $42.2 million or 50 cents per diluted share versus $42.4 million or 49 cents per diluted share in third quarter 2000.
KNOXVILLE, TN-The nation's leading food service supplier will also be constructing identical 475,000-sf facilities in St. Augustine, FL, Ft. Worth, TX and Lebanon, IN at an estimated total capital investment of $80 million.
TALLAHASSEE, FL-Construction on the $45 million structure, which will be built at a development cost of $199 per sf, is set for December 2002 with completion by summer 2004.
JACKSONVILLE, FL-The St. Joe Co. subsidiary posted third-quarter net earnings before interest, taxes, depreciation and amortization of $15.9 million versus $14.4 million in the same 2000 period, an increase of 10%.
BIRMINGHAM, AL-The privately owned commercial mortgage firm hires Scott Kavel as vice president of seniors housing and head of a new office in Duluth, GA, an Atlanta suburb; and Catherine A. H. Bergwall, as an assistant vice president in the Atlanta office.
DANDRIDGE, TN-The Knoxville, TN food firm is replacing several older buildings with a 240,000-sf structure that is expected to employ a total 270 workers when completed in late 2003.
JACKSONVILLE, FL-Florida's largest grocer increased its total leased space by 6.1% to 51.1 million sf among 1,153 stores, an average 44,319 sf per store. Two new stores are under construction. Jacksonville is 250 miles north of Downtown Orlando.