GAINESVILLE, FLA. — Skanska has signed a contract to expand the UF Shands Cardiovascular/Neuroscience Hospital in Gainesville. The contract is valued at $225 million. The approximately 516,668-square-foot addition will constructed adjacent to the UF Health/Shands Cancer Hospital, which Skanska constructed in 2009. Construction on the expansion will begin either in the fall or winter of this year and wrap up in the fall of 2017.
Southeast
NASHVILLE, TENN. — Sterling American Property Inc. has sold Service Source Tower, a 20-story, 266,000-square-foot office tower in downtown Nashville, for a reported $34 million. The property is located at the crossroads of 4th and Church streets. The buyer was Boston-based Albany Road Real Estate Partners. The seller recently completed a multi-million dollar renovation of the tower, including replacing the building’s mechanical systems. The property was 99 percent leased at the time of the sale to anchor tenant Service Source, as well as CapStar Bank, Kermit Stengel Co. and Andrew Byrd & Co. The building’s management and leasing agent is Rob Lowe of Cassidy Turley.
WASHINGTON, D.C. — Community of Hope has opened its new 50,000-square-foot, $26 million health center at 4 Atlantic St. S.W. in Washington, D.C.’s Ward 8 neighborhood. The property, known as the Conway Health and Resource Center, will feature 20 medical exam rooms, 11 dental chairs, six rooms for behavioral health and a large education room. The center received the majority of its funding from the local and federal governments. Architecture and design firm Perkins + Will designed the property.
WASHINGTON, D.C. — The Embassy Row Hotel in Washington, D.C., is slated to undergo a $15 million renovation to its guest rooms and common areas. Phase I of the project includes renovations to the hotel’s rooftop terrace and pool, which is slated to wrap up in June. Phase II will feature renovations to all nine floors and 231 guest rooms. Phase II will also include a new lobby, bar, barista station, meeting space and fitness studio. The entire renovation project is expected to be complete in March 2015.
MIAMI — HFF has brokered the $10.1 million sale of Eureka Plaza, a 66,142-square-foot grocery-anchored shopping center in Miami. The property is located at 18300 S.W. 137th Ave., south of Miami’s central business district. A 52,450-square-foot Winn Dixie anchors the shopping center. Other retailers include Pollo Tropical and McDonald’s. Danny Finkle and Luis Castillo of HFF represented the seller, EDENS, in the transaction. The buyer was Eureka Plaza Group LLC.
CHARLOTTE, N.C. — Electrolux has named Columbia, S.C.-based Red Rock Developments the developer for the expansion of its North American headquarters in Charlotte. Electrolux has entered into a 20-year lease agreement with Red Rock, which will be responsible for the development and financing of the $85 million project. Red Rock will jointly finance the project with Marc Realty, a real estate investment firm based in Chicago. The project will include the addition of a second facility adjacent to the existing property. The new property will span six stories and 375,000 square feet. The property is slated to be LEED certified and feature solar panels, a roof garden and a courtyard.
BETHESDA, MD. — LCOR, a commercial real estate developer and manager, will begin leasing the 18-story Aurora, a multifamily development at North Bethesda Center in Bethesda, in June. The property is a short walk away from the White Flint Metrorail Station. North Bethesda Center is a 2.7 million-square-foot mixed-use community that features multifamily and retail components. WDG Architects designed the 341-unit community with a brick and glass façade and a 386-space parking garage. The project is expected to be LEED certified. Aurora will feature a mix of studio, one- and two-bedroom units and kitchens with granite countertops, cabernet cabinets and a choice between a breakfast bar or kitchen island. The development’s amenity package includes a golf simulator, fitness center, business center with computers, bike repair station, storage area, resort-style pool with sun deck, rooftop terrace and media game room. The multifamily tower will also feature the Aurora Sky Club, a bar/lounge area on the 18th floor.
ST. PETERSBURG, FLA. — J Square Developers has completed the demolition and begun the redevelopment of a 15,500-square-foot shopping center at 2700 4th St. N. in St. Petersburg. The property is fully pre-leased and will include a 12,500-square-foot Trader Joe’s and a 3,000-square-foot freestanding Vitamin Shoppe. The project team includes general contractor Wichman Construction Co., architect CSJM Architects and civil engineer ARO Engineering. American Momentum Bank is providing construction financing for the project.
POMPANO BEACH, FLA. — Auction.com has sold the Pompano Merchandise Mart on behalf of seller Pompano Lincoln Industrial for approximately $9 million. The 118,242-square-foot, four-building property is located at 2099 and 2101 W. Atlantic Blvd. in Pompano Beach. The property’s tenants include Northern Tool + Equipment and Jerry’s Casual Patio. Michael Jimenez and Andre Cuadrado of Auction.com’s Miami officer represented the seller in the transaction.
HOUMA, LA. — Stirling Communities II LLC, an entity of investors led by Stirling Properties, has closed its acquisition of Ansley Place Apartments, a 246-unit, Class A apartment community at 100 Ansley Place Court in Houma. Stirling Properties has assumed an existing HUD 223(f) loan on the property. The seller was a regional developer based in Atlanta. BH Management Services will manage Ansley Place, which was built in 2008.