Wednesday, February 25, 2009

GVA Advantis Negotiates Land Sale in Santa Rosa Beach, FL

PANAMA CITY, FL – (Feb. 25, 2009) – GVA Advantis is pleased to announce the sale of
10.6 acres of land along Highway 98 in Santa Rosa Beach, Florida.

Jason Carnes, (middle right photo) Associate
Director of GVA Advantis’ Panama City office, represented Windcrest Development, Orlando,
and Publix Supermarkets in the transaction that closed late last year.

The land is being developed into a Publix-anchored retail center that should be completed late in the third quarter of 2009.

The property also includes two available outparcels available. Publix will occupy nearly 40,000 square feet of space in the new center, called Publix at South Walton, and an additional 17,000 square feet of retail space is planned. Carnes has the exclusive listing assignment for the retail space.


GVA Advantis Orlando Awarded 5900 Lake Ellenor Drive Sale Listing
ORLANDO, FL – GVA Advantis is pleased to announce that Lisa Bailey, (bottom left photo) senior director of office and industrial services, has been awarded the exclusive listing assignment of the 128,000 SF class A office building located at 5900 Lake Ellenor Drive in Orlando Central Park.

The property is currently occupied by the corporate offices of Darden Restaurants, Inc., the world's largest full-service owned and operated restaurant company with nearly $6.7 billion in annual sales.

The property is one of several in Florida owned by D Group Equities North America, Inc., based in San Juan, Puerto Rico. D Group also owns Jacksonville’s Midtown Centre, a 32-building office park with over 735,000 square feet.

Darden is relocating later this year to its new 450,000 square-foot campus being built in at the intersection of John Young Parkway and Central Florida Parkway in South Orlando. D Group plans modest renovations at the Lake Ellenor property to prepare it for multiple tenants. It should be ready for occupancy in the first quarter of 2010.

Media Contact: Shelli Browning, 255 South Orange Avenue, Suite 750. Orlando, FL 32801. 407.999.4775, Email: sbrowning@gvaadvantis.com

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