TAMPA, FLA. — Marcus & Millichap has arranged the $1.45 million sale of the 24-unit Bay Villa Apartments, located at 1402 South Bay Villa Pl. in Tampa. Casey Babb and Luis Baez of the firm's Tampa office represented the seller, a Tampa-based private investor, and procured the buyer, a Tampa-based partnership.
Southeast
HANOVER, MD. — Oceaneering International has signed a 67,791-square-foot lease to expand its current warehouse space at Preston Gateway Corporate Park, located at 6090 Dorsey Rd. in Hanover, to a total of 114,478 square feet. Michael Elardo and Brian Kruger of Cushman & Wakefield's Industrial Services Group's Baltimore office represented Prudential Real Estate Investors, the landlord, in the transaction.
LAKELAND, FLA. — Atlanta-based Heery International has finished a 27,000-square-foot expansion at the Lakeland Regional Cancer Center in Lakeland. The project included additional physician offices, 26 new exam rooms, a special procedures center, light-filled lobby and waiting areas, a state-of-the-art high-dose radiation suite, two cystology rooms, urodynamics room, resource library, boutique, healing gardens and a cafe. Heery served as architectural, engineering, interior design and environmental consultant for the expansion.
NORFOLK, VA. — PF Norfolk d/b/a/ Planet Fitness has signed a 10-year, 16,900-square-foot lease at East Beach Marketplace, located at 4245 E. Little Creek Rd. in Norfolk. George Fox and Denbeigh Marchant of Virginia Beach, Va.-based Wheeler Real Estate Co. represented Little Creek Investment Corp., the landlord, in the transaction.
HOT SPRINGS, ARK. — Oak Brook, Ill.-based Inland Real Estate Acquisitions has purchased the 155,206-square-foot Fairgrounds Crossing in Hot Springs for $24.5 million. The center is anchored by Best Buy, Dick’s Sporting Goods and Bed Bath & Beyond. The buyer was self-represented by Lou Quilici.
ST. PETERSBURG, FLA. — A joint venture between Feldman Equities and Tower Realty Partners has begun a $2 million capital improvement and renovation at the 242,115-square-foot City Center, a Class A office building located at 100 Second Ave. South in St. Petersburg. The north tower is four stories and the south tower is 12 stories. Renovations will include parking garage lighting, elevator lobbies, restroom improvements and the installation of an energy management system. Also, the front entrance will be updated with granite pavers, and the lobby entrance doors will be re-done in an all-glass system. Construction began on the building’s new fitness center the first week of July.
MACON, GA. & BREWTON, ALA. — Atlanta-based Blue Ridge Capital has acquired two retail properties for a total of $1.4 million. Steve Massell of Massell Commercial Real Estate represented Blue Ridge in the purchase of the 20,900-square-foot The Shoppes of Ansley Village, located in Macon. The seller, LMIW I, was represented by Sembler. Blue Ridge’s acquisition of the 114,891-square-foot Douglas Square in Brewton, John Vallas of Vallas Realty represented Regions Bank, the seller. The center includes a former Wal-Mart box of 73,338 square feet and a 16,849-square-foot Goody’s.
DORAL, FLA. — Wholesale Group has signed an 88,680-square-foot lease at the 174,024-square-foot Doral Logistics Center, located at 2900 NW 112th Ave. in Doral. Walter Byrd, Ben Eisenberg and Thomas Kresse represented Seagis Property Group, the landlord, in the transaction.
SPRING HILL, VERO BEACH & ST. AUGUSTINE, FLA. — Phoenix-based Cole Real Estate Investments has acquired three retail properties in Florida in separate transactions totaling $48.5 million. The properties include: the 226,000-square-foot Nature Coast Commons in Spring Hill for $29 million; the 107,000-square-foot Century Town Center in Vero Beach for $14.8 million; and a 57,000-square-foot Hobby Lobby and a 5,000-square-foot Color Wheel in Riverside Center in St. Augustine for $4.7 million.
MCLEAN, VA. — Canada-based Avison Young has acquired McLean-based Millennium Realty Advisors. The change in ownership will add nine employees including five new principals to Avison Young's U.S. Capital Regions operations. Millennium's current office, located at 8300 Greensboro Dr. in McLean, will merge with Avison Young's Tysons Corner, Va., office in a new location to be announced.