JACKSONVILLE, FLA. — Palatine Capital Partners has purchased the 180-unit Villas at Dames Point Crossing, a multifamily community located at 8291 Dames Point Crossing in Jacksonville, from Dames Point LLC for $14.02 million.John Stone, Robert Selton and Douglas Blair of Colliers International represented the seller in the transaction. Brad Coe of Horizon Realty Management represented the buyer.
Southeast
LARGO, FLA. — EDENS has sold the 99,000-square-foot Barclay Square, a shopping center located in Largo, to an affiliate of The Sterling Organization for $10.8 million. A 42,000-square-foot Walmart Neighborhood Market anchors the center, which is 82 percent leased. Tenants include Tuesday Morning, Beef 'O' Brady's, H&R Block and Goodyear Tires. Anthony Blanco, Lenard Williams and Mallory Ham of The Shopping Center Group represented the seller in the transaction.
CHEVY CHASE, MD. — Beech Street Capital has provided $152 million in refinancing for the 432-unit Archstone Wisconsin Place, a multifamily property located at 4400 Willard Ave. in Chevy Chase. Amenities include a fitness center, private screening room, business center, Internet lounge, rooftop pool and a community courtyard. The property is part of Wisconsin Place, a mixed-use development that also includes retail and office space.
LAVERGNE, TENN. — Saks Inc. has opened its 564,000-square-foot distribution and fulfillment center, located at 1 Walden Books Drive in LaVergne. The building is a former Borders distribution facility. The new center, which employs 250 full-time associates, will fulfill customers' orders from saks.com. A joint venture between DCT Industrial Trust and Saks owns the center. The retailer also operates distribution centers in Aberdeen, Md., and Ontario, Calif.
MELBOURNE, FLA. — Clarke Enterprises has sold a 14-building industrial portfolio, located in Melbourne, to CIA Developers for $9.25 million. The Class B properties total 284,500 square feet. The portfolio is 86 percent leased to approximately 60 tenants. Todd Everett, David Knott and Ryan Dinsdale of NAI/Merin Hunter Codman represented the seller in the transaction.
BURTONSVILLE, MD. — NAI KLNB has arranged the $8.4 million sale of the 117,000-square-foot Burtonsville Office Park, a four-building portfolio located at 3901, 3905, 3909 and 3919 National Drive in Burtonsville. The properties are 72 percent leased to approximately 40 tenants. Chris Kubler of NAI KLNB represented the seller, Midland Loan Servicing, in the transaction. The buyer was an affiliate of Bernstein Management Corp.
SUFFOLK, VA. — A 216-unit multifamily development, located in Suffolk, has sold for $5.45 million. The 10.6-acre parcel is a fully entitled multifamily site, which is part of an approximately 148-acre mixed-use development. The Florida-based buyer plans to begin construction by year's end. Dan Johnson and Hank Hankins of CBRE/Hampton Roads represented the seller in the transaction.
OLIVE BRANCH, MISS. — IDI has arranged a 150,662-square-foot lease with Millstone Medical Outsourcing at the 3.2 million-square-foot Crossroads Distribution Center, located in Olive Branch. The company will occupy space in Building B, which is slated for completion in September. Michael Driscoll of Colliers International represented the tenant in the lease transaction. IDI, the landlord, was self-represented by Tim Moore.
ORLANDO, FLA. — A joint venture between Novare Group, Batson-Cook Development Co. and Palmetto Realty Advisors has started construction on the $63 million, 320-unit SkyHouse Orlando, a multifamily high-rise located at Livingston Street and Magnolia Avenue in Orlando. Smallwood, Reynolds, Stewart, Stewart is the architect for the development, which is slated for completion in the third quarter of 2013.
GAINESVILLE, FLA. — Charles Perry Partners has been selected to construct the $30.3 million, 90,000-square-foot University of Florida Harrell Medical Education Building, located in Gainesville. The facility, which will be the medical school's first freestanding building, will serve as a focal point for integration and program development for all primary care educational activities in the College of Medicine. Groundbreaking on the four-story building is scheduled for spring 2013, with completion slated for October 2014.