Globest Sectors

CLEARWATER, FL-The 102-year-old, Miami-based department store chain is taking 65,000 sf for 15 years at the 90,011-sf Village at Countryside where it will house a Burdines Furniture Gallery, 80 miles west of Downtown Orlando. The estimated value of the lease is $12 million. The store sold its 180,000-sf location at the nearby Clearwater Mall for $4.75 million or $26.39 per sf.

ORLANDO-The official Orange County real estate records show the three retailers purchased individual tracts at the planned 1.3-million sf Mall of Millenia in southwest Orlando. But in reality, Forbes Taubman Orlando LLC Millenia, the mall's developer, bought 83 acres from the mixed-use venture's master developer, Orlando Southwest Partners, for about $19 million or $228,915 per acre ($5.26 per sf), then deeded back two 13-acre parcels and an estimated nine-acre parcel to the retailers.

ROMEOVILLE, IL-The state-of-the-art industrial facility is now 60% pre-leased before its scheduled opening in early 2001. Features include its immediate access to I-55.

DENVER-It's all in the eye of the beholder, or in this case, the statistics. Cushman & Wakefield's latest report puts the southeast market ahead of the CBD. Not so, says an official of the Downtown Denver Partnership.

IRVINE, CA-Three new tenants have leased industrial/corporate-headquarters-type space in transactions that were the fastest ever seen by Western States Technologies.

EUGENE, OR-The plans, submitted to the city by a local family here, do not name the would-be occupant, but its size and expandability match plans the ubiquitous warehouse retailer has in the neighboring city of Springfield.

WHITE PLAINS-Starwood Hotels and Resorts Worldwide Inc. has joined with Mexico developer Grupo Plan Planificacion SA de CV, to build a W Hotel property in Mexico City.

CHARLOTTE-Vacancies are expected to rise with seven products totaling one million sf under construction. The current 10% vacancy level could reach 12%, a level that doesn't seem to concern market watchers here.