ORLANDO, FLA. — The 7,527-square-foot former Bola Restaurant, located at 8148 International Dr. in Orlando, has sold for $2.7 million. The buyer plans to renovate the building and expand it to 8,500 square feet for a new Kobe Japanese Steakhouse restaurant. Completion is slated for May of 2012. Kevin O'Connor and Matt Cichocki of Maitland, Fla.-based NAI Realvest represented Brooklyn, N.Y.-based Hollywood Plaza Holdings, the seller, in the transaction. Jon Rose of Charles Wayne Properties' Maitland office represented Altamonte Springs, Fla.-based TC Holdings-International Drive, the buyer.
COLUMBUS, GA. — Skanska has been selected for the $115 million expansion and renovation of St. Francis Hospital, located at 2122 Manchester Expressway in Columbus. Included in the expansion is the addition of a 189,131-square-foot clinical services building and a 169,000-square-foot medical office building. Additionally, the company will renovate the main hospital. Completion is slated for August of 2013.
ROSWELL, GA. — The 117,392-square-foot Centennial Village – Phase II, located at 2342 Holcomb Bridge Rd. in Roswell, has been sold for $14.6 million. Kohl's and Petco anchor the center, which is 99 percent leased. Whitney Knoll, Fred Victor and Mark Hillis of Newmark Knight Frank's Atlanta office represented M&J/Centennial, the seller, in the transaction. The buyer was Rothenberg Rosenfield.
MOUNT JULIET, TENN. — Marcus & Millichap has arranged the $4.3 million sale of the 15,088-square-foot Providence West Medical Plaza, a medical office building located at 5003 Crossing Cir. in Mount Juliet. The building is fully leased. Joseph Massa and Anthony Lunceford of the Marcus & Millichap's Nashville, Tenn., office represented the seller, a developer, in the transaction and procured the buyer, a private investor.
FORT MYERS, FLA. — The 64-unit Palm Villas Apartments, located at 8372 Beacon Blvd. in Fort Myers, has been sold for $1.57 million. Cole Whitaker and Hal Warren of Hendricks & Partners' Orlando, Fla., office represented the seller, PNC Bank, in the transaction. Michael Maurer of Fort Myers-based RE/MAX Estates represented the buyer, Promotora Inmobiliaria.
CHARLOTTE, N.C. — Walker & Dunlop has arranged a $5.95 million acquisition loan for the 178-unit Delta Crossing, an apartment complex located at 6000 Delta Crossing Ln. in Charlotte. Stephen Farnsworth of Walker & Dunlop's New Orleans office arranged the 10-year loan with 2-years interest only and a 30-year amortization schedule through Fannie Mae on behalf of the borrower, Cortland Partners.
LITTLE ROCK, ARK., AND FREDERICKSBURG, VA. — Memphis, Tenn.-based MAA has purchased two multifamily properties for $67.5 million. In Little Rock, the firm bought the 248-unit Palisades at Chenal Valley, located at 1501 Rahling Rd. in Little Rock within the master-planned Chenal Valley development. The seller was undisclosed. The company also acquired the 232-unit River's Walk at Celebrate Virginia, located at 2281 Carl D Silver Pkwy. in Fredericksburg within the mixed-use Celebrate Virginia planned unit development. The property is formerly known as The Haven at Celebrate Virginia. Drew White, Mike Marshall and Ryan Ogden of ARA's Washington, D.C., office represented ARA, the seller, in the River's Walk transaction.
GREENVILLE, S.C., AND LAKE MARY, FLA. — Bell Partners has purchased two apartment complexes from an undisclosed seller for $54.42 million. Bell acquired the 224-unit Vinings at Brookfield Apartments, located at 815 E. Butler Rd. in Greenville, for $20.3 million. The property will be renamed Bell Brookfield. Additionally, the company purchased the 310-unit Bentley Park at Timacuan, located at 715 Camarague Pl. in Lake Mary, for $34.12 million. The property will be renamed Bell Timacuan.
WASHINGTON, D.C. — Liberty Property Trust has acquired a 146,472-square-foot office building, located at 1100 17th St. NW in Washington, D.C., from Glenborough LLC for $50 million. The 12-store property is currently 82 percent leased. The company plans to redevelop the property into a Class A building.
ALTAMONTE SPRINGS, FLA. — The 150,000-square-foot Adventist Health Systems corporate headquarters building, located at 900 Hope Wy. in Altamonte Springs, has opened. Little was the architect for the project, Brasfield & Gorrie was the contractor, Crescent Resources was the development manager, Parsons was the project consultant and Tri-City Electrical Contractors was the electrical contractor.