WASHINGTON, D.C. — First Potomac Realty Trust, an owner of office and industrial properties in the Washington, D.C., area, and its development partner Perseus Realty LLC have named the development and leasing teams for Storey Park, a mixed-use project at 1005 First St. N.E. in Washington, D.C. The development is situated on a former Greyhound Bus Terminal and is being designed by HKS Architects. The broker teams contributing to the project are Doug Mueller and Evan Behr of Jones Lang LaSalle, Lisa Stoddard and Kristen Braun of CBRE, and Joe Delogu, David Alperstein and Eugene Smith of FD Stonewater. The project will include 65,000 square feet of retail space including restaurants, shops and boutique retailers. Storey Park will be situated in the heart of the NoMa district and will provide access to Union Station, Capitol Hill, the East End and downtown Washington, D.C.
JACKSONVILLE, FLA. — Samsonite has signed a 240,000-square-foot lease for a distribution center at 10089 N. Main St. in Jacksonville’s Imeson International Industrial Park. Aaron Zarle, Bryan Bartlett and John Richardson of Grubb & Ellis/Phoenix Realty Group represented the landlord, Dalfen America Corp. The brokerage firm also represented W.P. Carey & Co. LLC in the sale of the property to Dalfen in September 2012.
MIAMI — The former Regal Kitchens property, which includes 8.6 acres of land and a 171,000-square-foot warehouse at 8600 N.W. South River Dr. in Miami, has sold to a Chile-based company for $7 million. The buyer, Megacenter, specializes in reconditioning similar buildings in Chile. The site is the company’s first purchase in the United States and it plans to renovate the existing building. Megacenter will divide the building into a warehouse and full-service office suites for lease, ranging in size from 4,000 to 20,000 square feet. Mort Fetterolf, Xavier Cossard and Michael Fay of Colliers International South Florida represented both parties in the transaction.
SHEPHERDSTOWN AND PARSONS, W. VA. — Boston Capital has invested in the rehabilitation of two seniors housing communities in West Virginia. The 24-unit Lowe Gardens Apartments in Shepherdstown and the 31-unit Tucker Manor Apartments in Parsons will be rehabilitated with tax credit equity from the Low Income Housing Tax Credit (LIHTC) program. The general partners are affiliated with Maryland-based T.M. Associates Inc. along with the Telamon Corp., a non-profit organization based in North Carolina.
DETROIT — Target is remodeling nine of its Michigan stores to include larger grocery sections. The 10,000-square-foot fresh food department will include produce, meat and pre-packaged bakery items. The locations will also carry dry and frozen food items. Along with adding an area for fresh foods, the stores' beauty, home, shoes and baby departments will also be revamped. The remodeling of the stores will be completed by March 24. The stores include 2887 S. Rochester Road in Rochester Hills; 43670 Ford Road in Canton; 33860 S. Gratiot Ave. in Clinton Township; 20100 Haggerty Road in Livonia; 495 Haggerty Highway in Walled Lake; 650 Brown Road in Auburn Hills; 1301 Coolidge Highway in Troy; 3100 Fairlane Drive in Allen Park; and 30333 Southfield Road in Southfield.
CHICAGO — Essex Realty Group has arranged the $20.1 million sale of The Mod, a newly constructed, mixed-use property in Chicago's West Loop neighborhood. The building, located at 1222 W. Madison St., includes 58 residential units, 4,707 square feet of retail space and 58 parking spaces. The location offers easy access to Chicago's CBD, The Kennedy Expressway and Eisenhower Expressway. Doug Imber, Doug Fisher and Jason Fishleder of Essex represented both parties in the transaction.
BETTENDORF, IOWA — McShane Construction has completed the new 316-unit Springs at Bettendorf apartment complex on the corner of 53rd Avenue and Devils Glen Road in Bettendorf. Continental Properties Inc. was the project developer. The 15-building, 357,000-square-foot complex includes units ranging in size from studios to three bedrooms. Amenities include a swimming pool, sun deck, clubhouse, Internet cafe and car wash. Charlan, Brock & Associates provided architectural services for the project.
WEST DUNDEE, ILL. — The Opus Group has completed the sale of a new industrial warehouse building for Maxzone Vehicle Lighting Corp. in West Dundee. The 223,488-square-foot facility is located in the Oakview Corporate Park and includes 3,000 square feet of office space, 20 truck docks and two drive-in doors. Noel Liston of Darwin Realty and Development Corp. represented Opus in the transaction. Eric Chang of US Asia Group represented the buyer, Maxzone. Maxzone is scheduled to take occupancy in the building this April.
CHICAGO — The Harper Theater, a 100-year-old theater building at 5238 S. Harper Ave. in Chicago, has opened its doors following an extensive interior and exterior renovation. The property, previously called the Hyde Park Theater in the 1980s and The Meridian through the 1990s, is on The National Register of Historic Places. The University of Chicago bought the closed theater in 2002 and in 2011, selected PREMIER Design + Building to renovate the structure, while keeping the building's original character. Upgrades to the four-screen, 400-seat theater include a new indoor cafe, second floor meeting space, lighting and a new elevator.
NEW YORK CITY — Atlas Capital has acquired 311-319 West 43rd St., a 14-story office building between Eighth and Ninth avenues in New York City, for $62.4 million. The 185,000-square-foot building is fully occupied and home to several theater and design firms. Atlas may invest in improvements, bringing the Class B office space to Class A. However, the firm is also considering a full or partial residential conversion when leases expire. Peter Hauspurg, Brian Ezratty and Scott Ellard of Eastern Consolidated represented the seller, Zurbarry Associates. Ezratty also procured the buyer, who assumed the seller's mortgage in the form of a securitized loan.