ORLANDO-In the largest land deal this year, Sentinel Communications Co. paid Martin Andersen-Gracia Anderson Foundation Inc. $8.18 million or $1.9 million per acre ($43.67 per sf) for a 4.3-acre tract on Concord Street where Sentinel already is the largest area property owner.

ORLANDO-The 92.4% occupancy mark is expected to shoot up by several points at year end as new construction finally slips into low gear and some submarkets start offering free rent to cope with an avalanche of new product.

ORLANDO-The Malvern, PA REIT is leasing 80,000 sf to Control Laser Corp. and Control Systemation Inc., both owned by Excel Technology Inc. of Setauket, NY and currently tenants at Orlando Central Park.

ATLANTA-Hillwood Development Corp. of Dallas and Opus South Corp. of Tampa, FL are breathing a little easier today after Spherion signed a 10-year, 69,176-sf lease taking almost half of the four-month-old, 165,000-sf building in north Fulton County.

ORLANDO-The Chicago investment family's Pritzker Realty Group has taken down 250 former dormitories and administrative quarters and removed 20 miles of roadways at the 1,100-acre former Orlando Naval Training Center where Baldwin Park, a planned $1 billion, mixed-use venture is scheduled to break ground in first quarter 2002.

ATLANTA-CB Richard Ellis Inc. gets the exclusive listing. Area brokers tell GlobeSt.com on condition of anonymity the 18-story, 407,000-sf, three-tower structure will be lucky to get $170 per sf in a currently low appreciation phase of Downtown office assets.

ORLANDO-Optium Inc. is leasing 30,000 sf at Central Florida Research Park and will be moving in July from 5,000-sf quarters near the University of Central Florida.

ORLANDO-With first-quarter vacancies fractionally up at 6.9%, the area's 46.38 million-sf market is getting another 3.4 million sf of new product in the next 12 months. Malls and big-box projects are taking two-thirds or 2.3 million sf of that new space.