GROVELAND, FL-The world's largest home improvement retailer is negotiating with Lake County for a 31.6-acre pad in the Christopher C. Ford Industrial Park here, 25 miles west of Downtown Orlando.
ORLANDO-Smaller users are clamoring for 25,000-sf to 50,000-sf facilities as developers continue to focus on big-box projects in this four-county, 92 million-sf warehouse and distribution sector of Central Florida.
TAVARES, FL-LCT Transportaiton, formerly Lester Coggins Trucking, a 25-year-old, 500-employee Okahumpka, FL-based firm, is recruiting some of the laid-off drivers but is showing no initial interest in taking over AG's estimated five-year lease. Tavares is 40 miles northwest of Downtown Orlando.
ORLANDO-The British Broadcasting Corp. is using the Orlando division of Minneapolis-based Welsh Cos. as its prime source of commercial real estate industry information on the Central Florida market.
ORLANDO-The Florida offices of the Indianapolis, IN-based developer were named Outstanding Developers of the Year for breaking ground on 1.6 million sf of office and distribution product with an estimated value of $200 million during 2000.
ORLANDO-Grubb & Ellis Co. predicts the market will end the year with a record two million sf of net absorption. St. Joe Commercial, the area's dominant developer, expects to lease a minimum 300,000 sf of class A next year and is negotiating to buy four area assets totaling about a half million sf.
ORLANDO-St. Joe Commercial, the largest commercial landlord in metro Orlando, is about to get bigger in 2001. The company is negotiating to buy four area office buildings and plans to break ground on three major office projects.
TALLAHASSEE, FL-The New York-based real estate investment company paid Acadia Realty Trust $62.87 per sf for the 501,000-sf, fully-leased Northwood complex largely occupied by state agencies.
ORLANDO-Worthwhile Development II Ltd. of suburban Longwood, FL alleges Southlake Utilities Inc. of Clermont, FL fraudulently overcharged the firm for water and wastewater services on a subdivision development. The utility denies the charge.
CLERMONT, FL-Procrastination in finding a suitable site is costing taxpayers an additional $11 million over the budgeted $28.5 million for the 287,000-sf, 1,864-student building in this south Lake County community, 25 miles west of Downtown Orlando.