DELRAY BEACH, FLA. — Deerfield Beach, Fla.-based SIKON Construction Co. has broken ground on the 258,000-square-foot Delray Marketplace, a lifestyle center located at the intersection of West Atlantic Avenue and Lyons Road in Delray Beach. The center will include a 46,000-square-foot Publix, a 12-screen Frank Theatres and a 16-lane bowling alley, as well as retail shops and restaurants including Chico's, White House Black Market, Charming Charlie, Jos A. Bank, Bobby Chan Apparel, Max's Grille, Japango Sushi Thai Asian Cuisine, Shula Burger and Terra Fiamma. Indianapolis-based Kite Realty Group owns the property, and Orlando-based Cuhaci & Peterson designed it.
DAHLONEGA, GA. — The 264-bed Liberty Hall, a residence hall located at the North Georgia College & State University at 82 College Cir. in Dahlonega, has opened. The three-story, 65,343-square-foot building includes 84 suite-style units, a fully equipped kitchen, a computer lab, and a common space featuring gaming, television and areas designed for military unit assembly. The facility was developed through a turnkey design-build contract between Ambling University Development Group and the state of Georgia and was funded through tax-exempt bonds.
GAINESVILLE, VA. — Calkain Cos. has arranged the approximately $3 million sale of a 7,440-square-foot retail property, located in Gainesville. Tenants include 7-Eleven and a local veterinarian. Jeff Bogart of Calkain Cos.' Reston, Va., office represented Buchanan Partners, the seller, in the transaction. Ui Chung of Annandale, Va.-based Hana Realty represented the buyer, a local investor.
PEACHTREE CITY, GA. — Atlanta-based NorSouth Development has plans to break ground this summer on the $14.2 million, 96-unit HearthSide Peachtree City, an affordable rental community for seniors located in Kedron Village in Peachtree City. Foley Design Associates Architects designed the project to meet EarthCraft Communities standards. Amenities will include a walking path, a garden center with planting beds, covered golf cart parking spaces with charging stations, a community room with a bistro, a media room, a fitness center, an art studio and a sunroom. Completion is slated for mid-2013.
VIRGINIA BEACH, VA. — A 34,000-square-foot retail property, located at 5565 Virginia Beach Blvd. in Virginia Beach, has sold for $2.75 million. Mark Warlick of S. L. Nusbaum Realty Co.'s Norfolk, Va., office represented the seller, CS Commercial Properties, in the transaction. The buyer was Royal Retail Realty.
NORTH CHARLESTON, S.C. — HESCO Bastion Environmental has signed a 35,460-square-foot lease for an office/warehouse property, located at 2821 Azalea Dr. in North Charleston. Michael Ferrer of Mount Pleasant, S.C.-based Grubb & Elllis/WRS Realty represented the tenant in the lease transaction. 2821 Azalea is the landlord.
COLUMBIA, MD. — The Velsor Cos. has selected Cassidy Turley to lease two industrial properties in Columbia. The properties, which total 220,222 square feet are located at 8909 McGaw Ct. and 6655 Dobbin Rd. and are currently 43 percent leased.
COLUMBIA, MD. — Prologis has sold its 20-building office/flex portfolio totaling 588,009 square feet in three business parks. The portfolio, which is 93 percent leased, includes properties in Columbia Gateway Business Park, Columbia Business Center and Oakland Ridge. Jonathan Carpenter and James Wellschlager of Cassidy Turley's Baltimore office represented the seller in the transaction. The buyer was a New England-based institutional investor.
ALPHARETTA, GA. — Atlanta-based OA Development has purchased two office buildings totaling 135,000 square feet, located at 2555 and 2573 Westside Pkwy. in Alpharetta, for $11.24 million. The buildings are currently 89 percent leased to tenants including ADP. American National Insurance Co. provided debt capital for the acquisition, and Tom Shafer of Atlanta-based Resource Real Estate Partners represented Sentinel Lakeview Realty, the seller, in the transaction.
LAGRANGE, GA. — Binswanger has negotiated the sale of a 130,329-square-foot industrial property, located at 200 Piedmont Cir. in the LaGrange Industrial Park in LaGrange. Dan Stubbs of Binswanger's Atlanta office represented Matsu Properties, the seller, in the transaction. The buyer was Daewon America, a unit of Seoul, South Korea-based Daewon Kangup.