ORLANDO, FLA. — New York-based GDC Properties has selected Baker Barrios Architects to provide planning, landscape services, and architectural design for a 247-unit apartment complex to be located at 899 N. Orange Ave. in Orlando. The six-story building will feature 15,000 square feet of restaurant and retail space, and a 400-space parking garage, in addition to the residential units. The property is scheduled for summer 2013.
Southeast
PEACHTREE CORNERS & JOHNS CREEK, GA. — CB Richard Ellis has arranged the sale of the LaSalle Select Portfolio, which totals 399,461 square feet of office space in four properties in Peachtree Corners and Johns Creek. The portfolio consists of 5707 Peachtree Pkwy.; 3585 Engineering Dr.; 6625 The Corners Pkwy.; and 6455 East Johns Creek. Tenants include HCA, Primedia, Ashworth College, Admiral Insurance, Wells Fargo and Anheuser Busch. The sale has been reported to be $53.5 million. Will Yowell, Justin Parsonnet and Jay O'Meara with CBRE's Atlanta office investment properties institutional group represented the seller, LaSalle Investment Advisors. The buyer was Rosemont Realty.
WASHINGTON, D.C. — Urban Investment Partners has begun sales of the WY18 Condos, located at 1801 and 1811 Wyoming Ave. in Washington, D.C., which underwent complete renovations. The 61 condos have all new heating, cooling, plumbing and wiring. Features include rooftop party decks, GE Cafe series appliances, energy efficient windows, water saving dual-flush toilets and expanded closets and storage areas. The twin historic buildings were originally constructed in 1909 and were acquired by Urban Investment Partners in 2010.
RALEIGH & GREENSBORO, N.C. — Raleigh-based NAI Carolantic Realty has formed a strategic partnership with the Greensboro-based Alliance Commercial Property Management Co., where NAI Carolantic's property management operations will be merged with Alliance. Alliance manages more than 2.5 million square feet of office and retail space, including a portfolio of 25 properties in the Carolinas containing NAI Piedmont Triad in Greensboro.
SUFFOLK, VA. — Best Brakes has leased 42,500 square feet of distribution space at 5401 Virginia Regional Dr. in Suffolk. Stephanie Sanker and Bill Overman of Norfolk, Va.-based S. L. Nusbaum Realty Co. represented the tenant in the transaction. The landlord, Virginia Regional I, was represented by Worth Remick of CB Richard Ellis' Norfolk office.
LEBANON, TENN. — Amazon.com has plans to open a 500,000-square-foot fulfillment center in Lebanon this year, adding to the previously announced Chattanooga and Cleveland centers set to open this fall. The openings will create 1,200 full- and part-time jobs. By the end of the year, the company will have more than 2 million square feet of space in the state.
BETHESDA, MD. — Carr Properties has acquired the contract and development rights for a 223,000-square-foot trophy office project located at 4500 East West Hwy. in Bethesda. Construction will begin during the first quarter of 2012 with completion slated for the first quarter of 2014. The development, which is the first trophy quality, ground-up office development in Bethesda in more than 10 years, will be designed to achieve LEED Gold certification.
MEDLEY, FLA. — Conchita Foods has secured a 60,000-square-foot, 10-year lease for its new South Florida headquarters at 10505 N.W. 112th Ave. in Medley at Flagler Station Business Park. The company will relocate its warehouse, office and distribution operations in early 2012. Brian Smith of Cushman & Wakefield's Miami office represented the tenant in the lease transaction and the landlord was self-represented by Stuart Gordon of Flagler Development.
DUNN, N.C. — Delhaize America and Food Lion have plans to expand the company's distribution center in Dunn by 54,000 square feet. The center currently serves 264 Food Lion stores primarily in N.C. Upon completion in early 2012, the facility will be more than 1.3 million square feet.
BALTIMORE — Big Lots has signed a lease with Inland Western Retail Real Estate Trust to occupy 35,000 square feet of space at the 796,733-square-foot Reisterstown Road Plaza in Baltimore. The Home Depot, Marshalls, Burlington Coat Factory, Shopper's World and Giant Foods anchor the center.