LEESBURG AND CENTREVILLE, VA. — Home Properties has acquired the 164-unit Hunter's Crossing, located in Leesburg, and the 504-unit Woodway at Trinity Centre, located in Centreville, for a total of $112.2 million. Hunter's Crossing was purchased for $16.2 million and is 98 percent leased. The company has renamed the property The Manor East and plans to invest $2.8 million in improvements, including enhanced curb appeal and upgraded kitchens and bathrooms. Woodway at Trinity Centre was acquired for $96 million and is 97.2 percent leased. The company has planned a $3.9 million renovation, including upgrading and renovating units and replacing kitchen cabinets and appliances.
FALLS CHURCH, VA. — INOVA Health System has selected Suffolk Construction to build the $16 million, 115,000-square-foot INOVA Fair Oaks Medical Office Building VI, located at 3190 Fairview Park Drive in Falls Church. The project is designed to LEED Silver certification standards. Sittler Development Associates is the development consultant, Architecture Inc. is the project architect, Dewberry & Davis is the civil engineer, Leach Wallace Associates is the MEP Engineer and Rathgeber/Goss Associates is the structural engineer. Groundbreaking is scheduled for June with completion slated for June 2013.
NEW ORLEANS — The 170-room Hyatt Place New Orleans/Convention Center, located at 881 Convention Center Blvd. in New Orleans, has reopened following an $8 million renovation. The hotel was formerly known as Hotel New Orleans. A joint venture between HRI Properties and Interwest Capital Corp. purchased the property in July 2011 and renovation work started in the third quarter of 2011. The hotel includes more than 3,300 square feet of meeting space, as well as a Kitchen Skillet complimentary breakfast area and the Intimate Bakery Cafe, which features specialty coffees, premium beers, wines and cocktails.
LAKELAND AND AUBURNDALE, FLA. — Salt Lake City-based Extra Space Storage, a public REIT, has acquired a three-property, 1,958-unit self-storage portfolio. The properties are located at 1012 U.S. Hwy. 92 W. in Auburndale, and 2190 Harden Blvd. and 6445 S. Florida Ave. in Lakeland. Michael Mele of Marcus & Millichap represented the seller, a Lakeland-based privately held firm, in the transaction.
CHARLOTTE, N.C. — Centerline Capital Group has arranged a $19.32 million loan for the 309-unit Highlands at Alexander Pointe, an apartment complex located at 310 Highroad Dr. in Charlotte. Centerline's Atlanta office secured the 5-year loan.
THOMPSON'S STATION, TENN. — Mars Petcare and The Nutro Co. have broken ground on the $87 million, 90-acre Regional Innovation Center, located in Thompson's Station. The four-building property, which is designed to achieve LEED Gold certification, will serve as the companies' home base for creating future pet care innovations for its North American market. The buildings will include an Innovation Center building, Product Development Center, Shared Services building and the Pet Health and Nutrition Center. Nashville, Tenn.-based Hastings Architecture Association is the lead architect for the project and Brasfield & Gorrie's Nashville office is the general contractor. Completion is slated for spring 2014.
OCONEE, GA. — Oconee 316 Associates has broken ground on the 410,000-square-foot Epps Bridge Center, a retail and entertainment project located at the intersection of Paul Broun Parkway and the Oconee Connector in Oconee. Benning Construction Co. is the general contractor for the project. A 16-screen Georgia Theater Co. stadium-style movie theater will anchor the development. The first phase, which is slated for completion in the summer of 2013, will include 400,000 square feet of retail space. Additional phases will include the development of the outparcels.
HOLLY HILL, FLA. — Marcus & Millichap has arranged the $2.92 million sale of a 13,662-square-foot Walgreens, located at 1600 N. Nova Rd. in Holly Hill. Walgreens has 6 years remaining on its original lease term. Kevin Yaryan of Marcus & Millichap's Orlando, Fla., office represented the seller, a private investor, in the transaction.
NORTH CHARLESTON, S.C. — A 3,500-square-foot restaurant building, located at 9135 University Blvd. in North Charleston, has sold for $1.16 million. Johnny Bevon of Avison Young represented Blane Cowart, the buyer, in the transaction. Alex Ramsey of King Street Commercial represented the seller.
BALTIMORE — Everything Warehouse has signed a 54,600-square-foot warehouse lease, located at 1615 Wicomico St. in Baltimore. The property is located at the 325,000-square-foot 1601 Wicomico Street, a recently redeveloped industrial property. McLane Fisher and Ned Brady of Cushman & Wakefield of Maryland represented the tenant in the lease transaction. 1601 Wicomico LLC is the landlord.