SAN DIEGO — Pacific Coast Commercial has arranged a 2,459-square-foot lease for retail space located at 2155 Kettner Blvd. in San Diego. F45 Training plans to open a Kloiber Fit, a high-end fitness center, at the space, which is located at AV8, a 129-unit apartment complex. Erik Anderson of Pacific Coast Commercial represented the tenant, while Alex Drecksel and Pasquale Loele of Flocke & Avoyer represented the landlord, CVCM Kettner 106 LLC, in the transaction. The lease is valued at $1.3 million.
PIXLEY, CALIF. — Retail California has negotiated the sale of a retail building located at 339 N. Park Drive in Pixley. FD Partners sold the property to Dr. Donald Studt for an undisclosed price. The property features 8,320 square feet of retail space. Lewis Smith and John Lee of Retail California and Calvin Short of Matthews Retail Advisors arranged the transaction.
WALNUT CREEK, CALIF. — Soft Surroundings, a lifestyle brand committed to providing clothing, accessories, beauty and home goods to women, has plans to open 16 locations in 2018, including entering the California market. The St. Louis-based company is opening locations in Santa Rosa, Mission Viejo, Rancho Cucamonga and Walnut Creek, Calif., as well as Marlton, N.J., Columbia, Md., Orlando and Harrisburg, Pa. Additional markets will be announced in the near future. The new locations will feature the merchandise found in Soft Surroundings’ catalogs and website, in addition to some store-exclusive items.
CHARLOTTE, N.C. — FNB Corp., the parent company of First National Bank, has signed on as the anchor tenant for a planned 31-story office tower in Charlotte. Dominion Realty Partners (DRP) will develop FNB Tower–Charlotte, which will be located at 401 S. Graham St. Greg Broujos of Colliers International and David Thor of JLL represented FNB in the lease negotiations, and DRP was represented internally. The new building will serve as the headquarters for FNB’s Charlotte region. Upon opening, FNB will occupy more than 30,000 square feet of office space with additional options to to accommodate further growth. The new tower will create a central hub expand housing leadership, as well as the bank’s small business administration lending, commercial banking, mortgage banking and builder finance departments. The announcement comes on the heels of FNB’s previously announced plans to occupy a new regional headquarters building, FNB Tower-Raleigh, in Raleigh. DRP will manage FNB Tower-Charlotte upon completion in late 2020.
LOUISVILLE, KY. — Omni Hotels & Resorts has opened the 612-room Omni Louisville Hotel in downtown Louisville. The project created roughly 400 permanent jobs and represents a $300 million investment by Omni Hotels & Resorts and the metro Louisville government. The hotel features dining concepts including the Library Bar, The Water Co. and Texas-based Bob’s Steak & Chop House. The hotel is also home to Falls City Market, an urban market and food hall that offers food, beverages and grocery staples; Pin + Proof, a speakeasy with four professional bowling lanes; and Lewis + Louis, a bourbon retail and tasting room. Hotel amenities include a rooftop pool, fitness center, spa, local art gallery and 70,000 square feet of meeting and event space. Atop the hotel, 225 one- and two-bedroom apartment units are available for preleasing and are expected to open in May.
ATLANTA — Dine-in theater concept iPic Theaters will open its first Georgia location at Midtown Atlanta’s Colony Square, a mixed-use destination under redevelopment by North American Properties. Located at the corner of Peachtree and 14th streets, Colony Square was originally built in 1968. Upon completion, the reimagined development will include 260,000 square feet of retail and restaurant space, 262 apartment units, 940,000 square feet of office space, a 466-room hotel and community gathering spaces. The new iPic Theater will operate nine auditoriums seating between 40 and 60, alongside a 6,700-square-foot restaurant/bar. In addition to traditional movies, the theater will feature live shows including magic, comedy and gaming competitions. iPic Theater is expected to open at Colony Square in 2020.
LAUDERHILL, FLA. — Berkadia has brokered the $28.5 million sale of Summit Palms, a 352-unit apartment community located at 4491 N.W. 19th St. in the South Florida town of Lauderhill. Tal Frydman, Yoav Yuhjtman and Nicholas Perrone of Berkadia arranged the transaction on behalf of the seller, Miami-based Summit Property Group, and the buyer, Chevy Chase, Md.-based Federal Capital Partners. Constructed in 1974, Summit Palms features a mix of one-, two- and three-bedroom units. Community amenities include on-site laundry facilities, a playground and on-site management.
FAIRHOPE, ALA. — Colliers International has arranged both the equity and construction financing for The Retreat at Fairhope Village, a $38 million apartment development in Fairhope, roughly 20 miles southeast of Mobile. Forrest Speed and Ron Cameron of Colliers International placed the loan through a pair of banks on behalf of the developer, a partnership led by Leaf River Group LLC. The Retreat at Fairhope Village will include 240 units with an average size of 1,062 square feet. Units will feature quartz countertops, stainless steel appliances, plank flooring and bay windows. The property site is located adjacent to The Shoppes at Fairhope Village, a Publix-anchored shopping center located on U.S. Highway 98. The partnership will begin site work later this month, and expects to deliver the community in mid-2019.
HARLINGEN, TEXAS — CARDONE Industries, a Philadelphia-based remanufacturer of car parts, is underway on a $50 million distribution center within Harlingen Industrial Park in the Rio Grande Valley. The facility will span 920,000 square feet upon completion, which is slated for December. The project became the largest industrial development to ever break ground in Harlingen when construction began in December 2017. Operations at the facility are expected to begin over the summer.
HOUSTON — Houston-based general contractor Harvey Builders has completed Amegy Bank Tower, an 860,000-square-foot office building located within the Post Oak office development in Houston. Hines developed the 23-story, Class A building, which consists of 15 floors of office space situated atop an eight-story parking garage. Pickard Chilton and Kendall/Heaton Associates both provided architectural services for the project. The building will serve as the new headquarters of Houston-based Amegy Bank.