CHARLOTTE, N.C. — Crosland Southeast has started construction on the 20,000-square-foot Blakeney Square, the final phase of the 600,000-square-foot Blakeney, a multi-use development located in Charlotte. Target and Harris Teeter anchor the original retail component, which is 300,000 square feet, and Best Buy and PetSmart anchor Blakeney Crossing, the second retail phase of the property. BB&T, Chick-fil-A and Firestone have each signed leases for freestanding stores, which are slated to open by the end of the year. Bank of America provided construction financing, Osborne Co. is the general contractor and W.D. Smith is working on grading/earthwork.
FAYETTEVILLE, N.C. — Crayton Commercial has completed the redevelopment of the 52,200-square-foot River Landing Shopping Center, located at the intersection of Ramsey Street and Law Road in Fayetteville. The repositioning included splitting a 43,200-square-foot former Kroger anchor space into four new spaces, redevelopment of the entire building facade to incorporate new storefronts, glass, doors, split-faced block, stucco and paint, addition of new rear loading pads and ramps, parking lot repair including repaving and restriping, all new site lighting, pylon signage and landscaping. Additionally, there was complete interior demolition and reconstruction including new HVAC, ceilings, lighting, framing/sheetrock, plumbing/restrooms and electrical systems.
MONROE, N.C. — Choate Construction Co. has been selected to construct a 99,500-square-foot addition to Greiner Bio-One N.A.'s manufacturing facility, located at 4238 Capital Dr. in Monroe. The addition will include a 15,000-square-foot mezzanine structure with executive office areas on the upper level and lab areas with a controlled environment below.
JACKSONVILLE, FLA. — A 5,612-square-foot Ruby Tuesday, located at 1022 Hospitality Ln. in Jacksonville, has been sold for $2.3 million. Matt Mousavi and Rich Walter of Faris Lee Investments' Irvine, Calif., office represented the seller, Tennessee-based Ruby Tuesday, Inc., in the transaction and procured the buyer, New Jersey-based Schiff Enterprises. The sale-leaseback transaction included a new 15-year, triple-net lease for the property.
FORT MYERS, FLA. — Two office buildings totaling 18,944 square feet, located at 9351 Corkscrew Rd. and 21105 Design Park Ln. in Fort Myers, have been sold for $1.42 million. Stan Stouder of CRE Consultant's Fort Myers office represented Bank of America, the seller, in the transaction. Stephanie Miller and Bob Muller of Estero, Fla.-based Select Real Estate represented the buyer, First CZ Real Estate.
COLUMBIA, S.C. — Two tenants have signed anchor leases at the 200,000-square-foot Target Center, located on Two Notch Road in Columbia. Dicks Sporting Goods signed a 47,800-square-foot lease and Michaels signed a 23,400-square-foot lease. Michaels opened on Feb. 9 and Dick's is scheduled to open in the summer of 2012. A partnership between Charlotte, N.C.-based Selwyn Property Group, Richardson Properties, Gateway Holding and Return Holdings owns the center, which is currently undergoing redevelopment, and is also slated for completion in summer 2012. Charlotte-based The Navigator Group represented Dick's Sporting Goods in its lease negotiation. Selwyn Property Group represented the landlord.
HANOVER, MD. — The Cordish Co. has topped off the $500 million, 330,000-square-foot Maryland Live! Casino, located at 7002 Arundel Mills Cir. in Hanover. The property will include 4,750 Las Vegas-style slot machines and popular electronics gaming tables, as well as a variety of dining options, eight bars and a 500-seat live entertainment venue. A joint venture between Commercial Interiors and TN Ward is the general contractor for the project, which is slated for completion in summer 2012.
GAINESVILLE, FLA. — Gainesville-based Charles Perry Partners Inc. (CPPI) has broken ground on North Florida Regional Medical Center's $32 million, 116,380-square-foot patient tower, located at 6500 Newberry Rd. in Gainesville. The 92-bed facility will include a state-of-the-art, 12-position Level II Neonatal Intensive Care Unit. Nashville, Tenn.-based Earl Swensson Associates designed the property. In addition, CPPI will renovate 25,106 square feet of space in the cardiology department. A cath lab will be added and non-invasive cardiology, medical records and nuclear medicine will be relocated. Completion is slated for June 2013.
LOUISVILLE, KY. — Stream Realty Partners has acquired the 101,000-square-foot Central Station Shopping Center, located at 3165 S. 2nd St. in Louisville. A 46,000-square-foot Kroger anchors the center, which is currently 85 percent leased to tenants including Starbucks, T-Mobile, FedEx Kinko's, H&R Block, Quizno's, Edward D. Jones, Little Caesar's and Supercuts. The Shopping Center Group has been retained to lease and manage the asset. Craig Collins of Louisville-based Commercial Kentucky represented the seller in the transaction. George Dickinson of Fletcher Bright & Co.'s Atlanta office arranged financing through Birmingham, Ala.-based Protective Life Insurance Co.
DAYTONA BEACH, FLA. — A 10,908-square-foot CVS/pharmacy, located at 1350 Beville Rd. in Daytona Beach, has been sold for $4 million. Leon Brockmeier of Marcus & Millichap's Tampa office represented the seller, a limited liability company from Miami, in the transaction. Patrick Whitney of the firm's Jacksonville, Fla., office represented the buyer, a Colorado-based limited liability company in a 1031 exchange.