MIAMI — South Florida-based general contractor Miller Construction Co. has completed the 8,140-square-foot Carol City Early Learning Center, a child development center in Miami, for Education First Inc. It includes seven classrooms, six bathrooms, a multi-purpose room, two fenced-in playground areas, and space for a future commercial-grade kitchen. It also features a functional drop-off lane and parking lot. The Carol City Early Learning Center serves children six weeks old through eight years old. Programs include pre-school and voluntary pre-kindergarten classes with a customized curricula, and daycare, afterschool care and summer camp.
Southeast
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.
WASHINGTON, D.C. — An office building at 1718 Connecticut Ave. in Washington, D.C., has sold for $14.4 million. Richard McBride and Roy Ayers of McBride Real Estate Services Inc. represented both the seller, PRI Inc., and the buyer, an entity operated by telecommunications executive Dave Schaeffer. The 47,569-square-foot office building was built in 1982 and is fully leased. Tenants include the law firm of Katz, Marshall & Banks, Policy Study Associates, Electronic Privacy, and Martell & Associates.
YORK, S.C., AND ATLANTA — Blanchard Real Estate Capital has acquired a 152,000-square-foot Walmart Supercenter at 970 Liberty St. in York. Joe Montgomery and Tony D’Ambrosio of Colliers International represented the unlisted seller. Blanchard has also acquired the former State Bank and Trust at 4241 Roswell Rd. in Atlanta. The 7,300-square-foot building is an outparcel to Chastain Square Shopping Center, which is anchored by Publix. The company plans to redevelop the former bank.
ATLANTA — Mark Sixour and Bill Ireland of HFF have arranged a $20.6 million in refinancing for Parkwood Plaza, a 210,919-square-foot Class A office building in Atlanta. The 10-year, fixed-rate securitized loan was secured through The Goldman Sachs Group Inc. Parkwood Plaza is located at 1300 Parkway Circle in Atlanta’s Cumberland/Galleria submarket.
ANDERSON, S.C. — Brad Walker of Grandbridge Real Estate Capital has closed a $3.1 million first mortgage loan for Anderson Crossing Apartments, a 152-unit multifamily community in Anderson. Fannie Mae provided the funding for the 10-year fixed-rate loan, which features a 30-year amortization.