ASHBURN, VA. — NAI KLNB has brokered the $20 million sale of 72 acres of land near the intersection of Waxpool and Farmwell roads and Ashburn Village Boulevard in Ashburn. The buyer, RagingWire Data Centers, will construct a 1.5 million-square-foot data center campus at the site. RagingWire purchased the land from Loudoun County, Virginia. Kevin Goeller of NAI KLNB represented RagingWire in the transaction.
Southeast
CLERMONT, FLA. — An entity controlled by Continental Properties Acquisition Corp. (CPAC) has sold Hancock Village Shopping Center for $4.3 million. The 25,000-square-foot retail center is located at the intersection of North Hancock Road and State Road 50 in Clermont. The property is nearly 90 percent leased to tenants such as Tijuana Flats, Anytime Fitness, Little Caesars Pizza, Ritter’s Frozen Custard and Direct Auto Insurance. The seller originally purchased the asset in May 2011 for $2.1 million. CPAC selected its affiliate CREC to lease and manage the asset, and CREC brought the property from 50 percent occupancy to nearly 90 percent occupancy. Peter Mekras of CREC represented CPAC in the transaction.
WASHINGTON, D.C. — The 217,070-square-foot office tower at 1800 K St. N.W. in Washington, D.C., is set to undergo a $40 million transformation. Completion is scheduled for the first quarter of 2016. The renovation will include a new floor-to-ceiling glass façade along both K and 18th streets, as well as upgrades to the elevators and mechanical systems. The lobby will also undergo a redesign, with the floor being moved to street grade. The transformation will also include the addition of a tenant-only fitness center and rooftop terrace. Scott Frankel, Andrew Felber, Mark Klug and Max Friedman of CBRE provide landlord representation and leasing services for the office tower. The design team includes DRI Development Services, Forrester Construction and VOA.
LARGO, FLA. — Dockside Investors VII will break ground this month on The Boulevard, an upscale, mid-rise apartment community in Largo, part of the Tampa Bay metro area. The property will be comprised of 260 units in one- to three-bedroom floorplans. The Boulevard’s amenity offerings will include a wellness center, yoga studio, resort-style outdoor pool, indoor lap pool, pet park, resident services gallery, concierge services and a gaming room. Balfour Beatty Communities has been awarded the management contract for the property. Balfour Beatty expects to begin pre-leasing the property in November with the apartments ready for move-in by spring 2015.
CONYERS, GA. — Cushman & Wakefield has brokered the sale of the Hillphoenix Global Warehouse, a 500,000-square-foot build-to-suit industrial facility at 2016 Gees Mill Road in Conyers, part of Atlanta’s 1-20 East industrial submarket. The property features 33-foot clear heights, cross-dock design, T-8 lighting, LED wall packs/pole lights and ESFR fire protection. Hillphoenix fully leases the property and recently signed a new 15-year lease at the facility, which serves as its global headquarters. New York-based Ladder Capital purchased the property from Ashley Capital for an undisclosed amount. Stewart Calhoun, David Meline, Samir Idris and Casey Masters of Cushman & Wakefield’s Atlanta office represented Ashley Capital in the transaction.
MIAMI LAKES, FLA. — Easton & Associates has arranged the sale of a 106,000-square-foot industrial property located at 5960 Miami Lakes Drive in the Miami Lakes Industrial Park. Safari Topia, a toy and figurine manufacturer, purchased the facility from 3B Associates, a real estate investment partnership. Tom Kimen of Easton & Associates represented 3B in the transaction.
ATLANTA — Cousins Properties has inked a two-floor, 51,066-square-foot lease with Dixon Hughes Goodman LLP (DHG) at One Ninety One Peachtree Tower in Atlanta. The CPA firm will move into its space on the 27th and 28th floors of the tower in early 2015. The new space will house DHG’s nearly 175 employees with room available for expansion. DHG has resided in downtown Atlanta’s Peachtree Center for nearly 30 years prior to its new lease agreement with Cousins.
ELIZABETHTOWN, KY. — GBT Realty Corp. has purchased more than 13 acres in Elizabethtown to develop Woodland Commons, a $20 million community retail center. The 126,000-square-foot project is currently 90 percent pre-leased to anchors Hobby Lobby and Academy Sports + Outdoors, which each occupy 60,000 square feet. Site work on the project is nearly 50 percent complete with vertical construction set to begin in October. GBT purchased the land at the intersection of Ring Road and Woodland Drive from Woodland Partnership for an undisclosed amount. GBT expects to deliver the property by spring 2015. The development team includes Haines Gipson and Associates Engineers, MJM Architects, Kelsey Construction and TD Farrell Construction.
WASHINGTON, D.C. — Akridge and Mitsui Fudosan America Inc. (MFA) have delivered a 170,000-square-foot office building located at 1200 17th St. in Washington, D.C.’s Golden Triangle Business Improvement District. The asset is designed to achieve LEED Platinum certification with water-saving fixtures, low-emitting materials, ventilation and abundant daylight with floor-to-ceiling windows. The property also features a 2,500-square-foot fitness center and a client-only rooftop space. Akridge is providing property management services for the trophy office building, which currently has 80,000 square feet of office space available.
ATLANTA — Houlihan-Parnes Realtors LLC has closed a $34 million loan for The Preserve at Legacy Park, a 498-unit apartment community in Atlanta. Built in 2001, the asset was 98 percent occupied at the time of the sale. Fred Stahl and Sheldon Stahl of Houlihan-Parnes handled the loan.