TRUCKEE, CALIF. — Kennedy Wilson has purchased The Ritz-Carlton, Lake Tahoe, a 170-room luxury resort in Truckee. The purchase price was not disclosed. The resort is located mid-mountain at Northstar California. The acquisition included 23 unsold condominium units and a neighboring 3.4-acre development site. The resort also features a 17,000-square-foot Ritz-Carlton Spa, 15,000 square feet of indoor meeting space, two heated outdoor pools, a fitness center and a business center, in addition to three restaurants.The seller, Truckee Highlands Syndicated Holdings, LLC, was represented by HFF’s Dan Peek, Holden Lim, Michael Leggett, Gerry Rohm, Max Comess and Cyrus Vazifdar.
SCOTTSDALE, ARIZ. — Buchanan Street Partnershas purchased a Perimeter Center building in Scottsdale for an undisclosed sum. The 66,800-square-foot office/flex building is located within the master-planned Perimeter Center at 8388 E. Hartford Drive. It was mostly vacant at the time of sale.
ROSEVILLE, CALIF. — Ellis Partners LLC has acquired a nine-building office portfolio in Roseville for an undisclosed sum. The portfolio contains a total of 670,000 square feet along the region’s Douglas Boulevard. The buildings are located in the Summit at Douglas Ridge, Olympus Corporate Centre, Johnson Ranch Corporate Center and Roseville Corporate Center. Chris Lemmon, Todd Eschelman and Zac Collie of Cornish & Carey Newmark Knight Frank will serve as the portfolio’s exclusive leasing agents. The seller was Hines U.S. Core Office Fund. Hines will handle the portfolio’s property management.
ORLANDO, FLA. — Boca Raton, Fla.-based Crocker Partners has acquired Orlando University Center, a five-building office portfolio, for approximately $33 million on Auction.com. The 386,512-square-foot portfolio includes three office buildings on Lake Lynda Boulevard and two office buildings on Corporate Boulevard in Orlando. The office park portfolio is 70 percent occupied by local, regional and national tenants including Woolpert Inc., Zenith Insurance, the Social Security Administration and Dignitas. Fred Beasley and Bret Felberg of Colliers International Central Florida and John Crotty of Colliers International South Florida represented the seller. Crocker Partners represented itself. LNR was the special servicer for the office portfolio.
WOODSTOCK, ALA. — ThyssenKrupp Materials North America, a producer of steel, plans a $13 million, 100,000-square-foot materials processing and distribution center in Woodstock. The property will have four lines for processing materials such as carbon steel, aluminum and stainless steel to support the operations of the company’s Ken-Mac Metals and ThyssenKrupp Steel Services divisions. Ogden Deaton of Graham & Co. represented ThyssenKrupp Materials in the site selection and development.
STOCKBRIDGE, GA. — Ackerman Medical, a division of Atlanta-based Ackerman & Co., has broken ground on its newest medical office building, the 60,000-square-foot Piedmont Physician Center in Stockbridge. The $11 million, three-story Class A building will be located at the entrance of Piedmont Henry Hospital at the intersection of Eagle’s Landing Parkway and Rock Quarry Road. It is set to open in October 2013 and is 60 percent leased. Piedmont Healthcare has taken 15,000 square feet on the second floor and OrthoAtlanta has secured the entire third floor. Henry Physician Center is being privately developed and is owned by a venture of Ackerman Medical, Commercial Assets Group and local physicians on long-term ground leases. John Willig of Ackerman Medical and Mike Tallant of Commercial Assets Group are leasing the property.
DUNEDIN, FLA. — The 74,200-square-foot Granada Plaza, a grocery-anchored neighborhood center, has sold for $10.8 million in Dunedin. Danny Finkle and Luis Castillo of HFF represented the seller, Odyssey DP I LLC, an entity affiliated with Lakeland, Fla.-based Odyssey Diversified Properties Inc. H&R REIT purchased the retail property that sits on a 6.92-acre site at 1491-1575 Main St. in Dunedin. It is 86 percent leased to tenants including Publix, Curves, UPS Store, Hair Cuttery and Firehouse Subs.
NASHVILLE, TENN. — Birmingham, Ala.-based Regions Bank has signed a 12.5-year, 100,000-square-foot lease at One Nashville Place, a 37-story Class A office tower in Nashville’s downtown business district. Daymark Realty Advisors manages One Nashville Place on behalf of an investment group comprised of individual owners. The Regions Bank location will house approximately 225 employees and serve as the headquarters for the company’s Mid-Atlantic region and Middle Tennessee area. Other tenants at One Nashville Place include Merrill Lynch, Ernst & Young, National Association of State Boards of Accountancy and IBM.
SOUTH BARRINGTON, ILL. — A partnership between The LaSalle Group and Silverado Interest plans to build an $11 million memory care community in South Barrington that will serve residents with Alzheimer's, dementia and memory impairment. The 29,000-square-foot facility, named Autumn Leaves of South Barrington, will be located at 215 Bartlett Road. The interior design team plans to use the latest Alzheimer's and dementia research to choose elements such as artwork, paint and light fixtures. For instance, the dining rooms will include aquariums. According to scientific research, the aquariums will create a calming effect and increase residents' appetite.
MERRIAM, KAN. — DDR Corp. has confirmed plans to sell 22 acres of land to IKEA Property for the construction of its first store in Kansas. The 349,000-square-foot IKEA will be located in Merriam, approximately eight miles southwest of Kansas City. Construction is expected to begin in summer 2013, with a targeted opening in fall 2014. The store will include 1,200 on-site parking spaces.