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MIAMI-The highest overall vacancy rate in the third quarter in the county, 11.9%, was experienced in the Medley submarket, followed by the Miami Airport submarket, with an 11.4% overall vacancy rate, according to a new Miami-Dade County industrial report by Codina Realty Services Inc. Oncor International.
MIAMI-The three properties were the 45,600-sf Lake Worth Commerce Center in Lake Worth, a 34,395-sf light industrial property here and a 45,000-sf Home Depot in Naples. The financing was secured by Cohen Financial.
ORLANDO-The three-year-old New York-based airline plans to break ground in the next 12 months on an 80,000-sf flight-training center and a 70,000-sf hangar near the recently completed Heintzelman Boulevard on the east side of Orlando International Airport.
CORAL GABLES, FL-The Roads Professional Center LLC bought the building, part of the four-building portfolio being sold this year by the court-appointed receiver for Blissco Properties Inc., for $3.5 million.
MIRAMAR, FL-The air-conditioning sales, service and parts company occupies 23,400 sf at the Miramar Park of Commerce, Broward County's biggest corporate park. The lease has an estimated value of at least $563,000.
WEST PALM BEACH, FL-Premier has purchased 41.6 acres of land here on which to build the planned 500,000-sf, four-building retail/office/warehouse project. The sale price of the land was about $4.2 million; MIP Ventures Ltd. was the seller.
MIAMI-The facilities include a $712.3 million, five-year revolving credit facility to mature in May 2008, and a $315.2 million, 364-day revolving credit facility to mature next May.
WINTER PARK, FL-Developer Eric Kovar plans to break ground on Labor Day on the Lofts of Winter Park Village: a 176-unit, 500,000-sf apartment venture and have most of it completed by Memorial Day 2004.
ORLANDO-The six-year-old development entity of The Norbert Corp. bought 3.25 acres for $410,500 at Orlando Central Park South where they expect to break ground in April on a $4 million, 50,000-sf office showroom/warehouse facility.