SIMPSONVILLE, S.C. — Blevins Inc., a supplier of manufactured housing products, has purchased an approximately 60,000-square-foot industrial property situated on 3.3 acres at 313 Standing Springs Ct. in Simpsonville from T. Walter Brashier for $1.4 million. Blevins is expanding its operations in the Greenville, S.C., area. Brian Young of Cushman & Wakefield/Thalhimer represented Blevins.
Southeast
AMHERST AND GORDONSVILLE, VA. — Boston Capital has invested in the rehabilitation of two seniors housing communities in Virginia, including the 48-unit Amherst Village Apartments in Amherst and the 43-unit Meadow Run Apartments in Gordonsville. The developments 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. and North Carolina-based Telamon Corp., a non-profit organization.
CHARLESTON AND MOUNT PLEASANT, S.C. — Strategic Storage Trust Inc. (SSTI), a publicly registered non-traded REIT that invests in self-storage properties, has completed a three-phase $75 million acquisition of a 16-property portfolio with 8,560 self-storage units in South Carolina, Florida and Georgia. SSTI recently closed the last phase of the portfolio acquisition, which includes six self-storage properties and 3,740 units in Charleston and Mount Pleasant for approximately $38.7 million. The properties will be rebranded as SmartStop Self Storage. SSTI purchased the first phase of the portfolio in August.
FORT STEWART, GA. — The U.S. Army Corps of Engineers, Savannah District, has selected McCarthy Buildings Cos. to complete the second phase of renovations at The Winn Army Community Hospital in Fort Stewart, approximately 40 miles southwest of Savannah. The fouryear, $38 million project includes a 43,000-square-foot addition and 55,000 square feet of renovated medical space. The new space will include emergency, administrative and nutritional departments, as well as an outpatient facility. With the new renovations, the emergency department and family medical clinic will double in size. After Phase II has been completed in October 2016, the hospital will have the capacity to serve 16,000 patients. Furthermore, the hospital is seeking LEED Silver certification. Leo A Daly is the project architect. Currently, McCarthy is working on Phase I of the project. The $23 million Phase I includes a 65,000-square-foot addition and 1,000-square-foot renovation to the hospital. The Winn Army Community Hospital opened in 1983 as part of a healthcare initiative to serve soldiers, military retirees and their families.
WASHINGTON, D.C. — J Street Cos. has represented Saints Constantine and Helen Greek Orthodox Church in the sale of its church and school building at 4115 16th St. in Washington, D.C., to Iglesia Ni Cristo (Church of Christ) for $9.2 million. Saints Constantine and Helen Greek Orthodox Church plans to build a new church in Silver Springs, Md. Andy Wolf of J Street Cos. and Tony Lofrumento of Summit Commercial represented the sellers, and Arlene Fernandez of Allison James Estates & Homes represented Iglesia Ni Cristo.
HERNDON, VA. — Navy Federal Credit Union, the world’s largest credit union, has signed an 80,582-square-foot lease at 12851 Worldgate Dr. in Herndon. The entity’s membership includes all U.S. Department of Defense (DOD) military personnel, civilians and contractors, other U.S. personnel assigned or stationed at DOD installations and family members. Gene Martin and Damon Rothman of The Ezra Company represented Navy Federal Credit Union. Oak Brook, Ill.-based Inland American Real Estate Trust owns 12851 Worldgate Dr., which is part of the fourbuilding, 322,325-square-foot Worldgate Plaza complex.
FORT LAUDERDALE, FLA. — 110 Tower, a LEED Gold-certified Class A office building located in downtown Fort Lauderdale, was named Renovated Building of the Year at the BOMA Fort Lauderdale/Palm Beaches 2012 TOBY Awards. 110 Tower’s comprehensive $15 million interior and exterior renovation program included upgrades to the ground-floor lobby, renovated ground-floor retail space and common areas. Dallas-based GenCap Partners owns the office property and Transwestern manages it.
NASHVILLE, TENN. — The Carothers Building, a four-building, 509,000-square-foot office park in Nashville’s Cool Springs submarket, has traded for $96.1 million. It was built in 1994 for Ford Motor Credit and is now 100 percent leased with tenants Cybera, Community Health Systems and Nissan as well as Ford Motor Credit. J.P. Morgan Asset Management sold the office property to Houston-based The Lionstone Group, a private real estate investment firm. Stewart Calhoun and David Meline of Cushman & Wakefield’s Atlanta office and Don Albright of its Nashville office represented seller J.P. Morgan Asset Management, which purchased the office property in 2006 for $69.75 million.
ORLANDO, FLA. — Demolition and construction on the redevelopment planned for the 25-year-old University Shoppes retail center, which is located across from the University of Central Florida’s main entrance in Orlando, will commence this week. Austin, Texas-based American Campus Communities Inc. plans to bring 1,313 student housing beds, 60,000 square feet of new retail space and a 10-level parking structure to Orlando’s Northeast Orange County submarket. Bobby Palta of CBRE is marketing the retail space.
JACKSONVILLE, FLA. — The 205,696-square-foot Regency Plaza shopping center, which is located on Atlantic Boulevard directly across from Regency Square Mall in Jacksonville, has sold. Tenants include Burlington Coat Factory, OfficeMax, dd’s Discounts, Chuck E. Cheese’s, Baby Depot and Carrabba’s Italian Grill. Kimco Realty represented the unlisted seller, while DLC Management Corp. represented the unlisted buyer.