ORLANDO-Despite 9.7 million sf of total warehouse, distribution, flex product lying vacant in metro Orlando, CB Richard Ellis Inc. broker David Murphy sees a rally coming in the third and fourth quarters, but doesn't expect a full recovery until at least the first period in 2002.
ORLANDO-In an unconventional deal, the Catholic Diocese of Orlando plans to expand its headquarters operations by buying 60,000 sf of the historically designated 76,000-sf Downtown U.S. Postal Service building, sharing the structure with the Post Office which owns and operates 16,000 sf.
OCALA, FL-The 79,500-sf Heathrow Commons Shopping Center, 80 miles northwest of Downtown Orlando, is scheduled to break ground in September, anchored by a 54,340-sf Publix Supermarkets Inc. store, one of the grocer's largest prototype models.
ATLANTA-The locally based utility is acquiring a 640-megawatt, natural gas-fired power plant in Thomaston, GA and a 480-megawatt, gas-fired plant in New Port Richey, FL. The prices of the properties weren't disclosed.
ATLANTA-David Todd Jr., former president/CEO of Laconic Logic Inc., is the new managing director in the Atlanta office of New York-based Julien J. Studley Inc. James P. Cate, head of investment services, becomes corporate managing director.
ORLANDO-Despite 9.7 million sf of total warehouse, distribution, flex product lying vacant in metro Orlando, CB Richard Ellis Inc. broker David Murphy sees a rally coming in the third and fourth quarters, but doesn't expect a full recovery until at least the first period in 2002.
ATLANTA-The 14-building, 906,000-sf business center in DeKalb county is expected to generate a price of about $86 million or $95 per sf, area brokers familiar with the industrial submarket at Interstate 285 and Northlake Parkway tell GlobeSt.com.
ORLANDO-Lockheed-Martin Corp.'s new 8,682-sf class A office lease in 100 Gran Park at South Park, south Orlando, brings the defense contractor's space to 71,387 sf in the one-year-old, 100,000-sf building being developed by Flagler Development Co. of St. Augustine, FL.
ORLANDO-Wingstop Restaurants Inc. founder Antonio Swad, envisioning a national chain of fast-casual sites, has signed three new franchise development contracts in Orlando, Gainesville and Tallahassee. Average weekly sales at the 32 existing locations in six states are $13,000.
TAVARES, FL-Despite residents' objections, Lake County's planning and zoning commission gives the green light to the Reston, VA-based telecommunications provider to erect a 100-foot, $500,000 structure near the sprawling Danny Len Buick-Pontiac GMC showrooms off U.S. 441 north near Eustis, FL, 32 miles northwest of Downtown Orlando.