FORT LAUDERDALE, FLA. — Marcus & Millichap has brokered the $13.8 million sale of Plaza Del Mar, a 32,079-square-foot shopping center located at 1451 N. Federal Highway in Fort Lauderdale. The property was 84 percent leased at the time of the sale to Lime Fresh Mexican Grill, Jimmy John’s, Joe’s Crab Shack, Sally Beauty Supply and MetroPCS. Douglas Mandel of Marcus & Millichap’s Fort Lauderdale office represented the seller, South Florida Residential LLC, in the transaction. The buyer is a private investor based in Brazil.
Southeast
CHARLOTTESVILLE, VA. — Homewood Suites by Hilton has opened its first hotel in Charlottesville known as the Homewood Suites by Hilton Charlottesville. The four-story hotel, located at 2036 India Drive, offers 150 suites and is located less than one mile from the University of Virginia. Albemarle Suites LLC owns the hotel and Heritage Hospitality Management Inc. is the hotel’s management firm.
ATLANTA — Westside Ironworks LLC has inked a lease agreement with Barcelona Restaurant and Wine Bar to open the restaurant’s second Atlanta location at Westside Ironworks, an 18,500-square-foot adaptive reuse retail project in Atlanta’s West Midtown neighborhood. The $8.5 million project is expected to open in spring 2015. The property is the former home of Iron-Works International Inc. and features 45-foot-high wood roofs and large entrance doors and windows. After a $3 million renovation and expansion, Barcelona will occupy the approximately 4,000-square-foot, freestanding building on the site. The restaurant is slated to open its doors in mid-2015. Stephanie McCall of The Shopping Center Group handles leasing responsibilities for Westside Ironworks.
ABERDEEN PROVING GROUND, MD. — St. John Properties Inc. has signed DRS Technologies to lease totaling 15,000 square feet within The Government and Technology Enterprise (The GATE at APG) project. This is the 50th lease at the 416-acre business park located in Aberdeen Proving Ground in Harford County. Since acquiring the rights to continue to develop The GATE at APG from the Department of Army in 2009, the Baltimore-based firm has developed 12 office and R&D buildings totaling more than 600,000 square feet at the property. St. John Properties has also leased roughly 530,000 square feet of new space. Tenants at The GATE feature some of the top defense contractors in the nation, including The Boeing Co., CACI, General Dynamics, CSC, Raytheon, Science Applications International Corp. (SAIC), Engility, DSCI and Lockheed Martin. DRS Technologies plans to move 50 employees to The GATE this fall.
ATLANTA — Tishman Speyer will begin construction on Three Alliance Center on Aug. 1 in Atlanta’s Buckhead submarket. The 30-story, 500,000-square-foot office tower will be adjacent to Buckhead’s gateway intersection of GA 400 and the Buckhead Loop. The design team includes architect Mack Scogin of Mack Scogin Merrill Elam and general contractor Turner Construction. The Class A tower will be built to LEED Gold certification standards, according to Tishman Speyer. The New York-based developer plans to deliver Three Alliance Center in September 2016.
RICHLAND, MISS. — Southeast Industrial Properties II LLC, a joint venture between Duckworth Realty and Hines Investments, has completed a 21,650-square-foot flex facility at 101 Riverview Drive in Richland. The facility is the corporate headquarters for APAC Mississippi Inc. and features office space, a warehouse and equipment service bays with an overhead crane. Peoples Construction Corp. was the general contractor for the project.
STERLING, VA. — New Boston Fund Inc. has sold Rockwell Collins, a 178,234-square-foot research and development facility at TransDulles Centre in Sterling. American Realty Capital Properties Inc. purchased the Class A property for an undisclosed price. New Boston Fund developed the build-to-suit project for Rockwell Collins Simulation & Training Solutions Group in 2011. Dek Potts, Bruce Strasburg, Jim Meisel, Andrew Weir and Stephen Conley of HFF represented New Boston in the transaction.
LAKELAND, FLA. — Marcus & Millichap has brokered the $6.9 million sale of Imperial Crown Apartments, a 173-unit multifamily community located at 1013 Griffin Road in Lakeland. The apartment community was constructed in 1975 and rehabilitated in 2013. The property’s amenities include two on-site laundry facilities, a fitness center, business center, clubhouse, volleyball court, shuffleboard courts, billiards room, playground and a resort-style swimming pool. Francesco Carriera and Michael Regan of Marcus & Millichap’s Tampa office represented both the buyer and the seller in the transaction.
HIALEAH, FLA. — Easton & Associates has arranged an 80,201-square-foot industrial lease at a 485,000-square-foot warehouse/distribution facility in east Hialeah, about six blocks north of Miami International Airport. The property is a former Winn Dixie distribution center constructed in 1960. Tom Kimen and David Oladle of Easton & Associates represented the landlord, a Midwest-based investor, in the lease transaction. The tenant was Permasteelisa North American Corp., a global construction-related firm.
CHARLOTTE, N.C. — CBRE has brokered the $64 million sale of Coliseum Centre 3, 5 and 6, three Class A office buildings in the Coliseum Centre office park in Charlotte. The six-story buildings are located at 2550 W. Tyvola Road and 2810 and 2815 Coliseum Centre Drive. Coral Gables-based America’s Capital Partners purchased the properties from Vision Properties/Arena Capital Group and CarVal Investors. Patrick Gildea, Will Yowell and Justin Parsonnet of CBRE represented the sellers in the transaction.