WASHINGTON, D.C. — Cassidy Turley has arranged the sale of two new office buildings totaling 639,546 square feet, located at 1100 and 1101 4th St. in Washington, D.C. Bill Collins, Paul Collins, Drew Flood, Jud Ryan and James Cassidy of the firm's Washington, D.C., office represented the seller, Waterfront Associates. The buyer was USAA Real Estate Co.
Southeast
SUNRISE, FLA. — Calkain Cos. has brokered the $4.8 million sale of a 5,170-square-foot investment property that is leased to Blue Cross/Blue Shield of Florida on a long-term, triple-net basis. The property is an outparcel to the Sawgrass Mills Mall. David Sobelman of the firm's Tampa, Fla., office represented the seller in the transaction. The buyer was a New York-based private investor.
MIAMI — Eric Groffman of Transwestern's Miami office has completed five leases totaling 96,463 square feet at the 782,210-square-foot Miami Center, a Class A office property located at 201 South Biscayne Blvd. in Miami. The leases include: a 41,892-square-foot new lease for Morgan Stanley Smith Barney, which includes a 19,104-square-foot expansion; a 23,544-square-foot renewal for Regus Business Centers; a 14,722-square-foot new lease for Jones Walker; a 10,583-square-foot new lease to Apex Brasil; and a 5,722-square-foot new least for David B. Haber, P.A. Transwestern is the leasing advisor for the property on behalf of the owner, Sumitomo Corp. of America.
CHEVERLY & FORESTVILLE, MD. — Jason Smith of NorthMarq Capital's Bethesda, Md., office has arranged a $58.1 million floating-rate loan through Natixis Real Estate Capital on behalf of a joint venture between Foulger-Pratt Cos. and DLJ Real Estate Capital Partners. The joint venture will use the funds for the acquisition and repositioning of a 1,107-unit apartment portfolio containing four properties. The properties are the 366-unit Cheverly Terrace and 190-unit Hanson Arms Apartments, located in Cheverly, and the 404-unit Pennbrooke Terrace and the 147-unit Valleybrook Apartments, located in Forestville.
GERMANTOWN, MD. — Ground has broken on a new five-story, 162,000-square-foot office building located within Milestone Business Park at 12409 Milestone Center Dr. in Germantown. The development is for Digital Receiver Technology, a subsidiary of The Boeing Co. Trammell Crow Co. is the developer of the project and Buch Construction is the general contractor.
ALEXANDRIA, VA. — The Carlyle Group and AION Partners have selected Bainbridge Cos. to renovate and manage the 570-unit CITYSIDE Huntington Metro, located at 6034 Richmond Hwy. in Alexandria. The $9.5 million renovation will include upgraded amenities, landscaping, interiors and exteriors.
PORTERDALE & CONYERS, GA.; AND PENSACOLA, FLA. — Twin Rivers Capital has sold three of its retail properties: two Family Dollar Stores, located in Porterdale and Pensacola; and an AutoZone in Conyers. The total sale price of the transactions was $4.3 million. The seller was self-represented in the transaction. The buyers of the properties were undisclosed.
BOYNTON BEACH, FLA. — Marcus & Millichap has sold Easco Apartments, a portfolio of two apartment buildings, totaling 64 units, for $2.4 million. Brandon Rex and Tal Frydman of the Fort Lauderdale office represented the seller, a St. Petersburg, Fla.-based private investor and secured the buyer, a Delray Beach, Fla.-based limited liability company.
ORLANDO, CRYSTAL RIVER & JACKSONVILLE, FLA. — Duke Realty Corp.'s Orlando office has been selected to develop three LEED certified offices in Florida. Raleigh, N.C.-based Progress Energy has chosen Duke Realty as the design-build general contractor of a 73,000-square-foot office, laboratory and warehouse facility at its Crystal River Energy Complex in Crystal River, to open in the second quarter of 2012. Brazil-based Megastron Development has selected Duke Realty as the general contractor for a four-story, 133,000-square-foot office building, located at Kirkman Point in Orlando. Finally, the GSA has selected Duke Realty and General Capital Group to develop, design and construct a two-story, 48,000-square-foot office development at Flagler Center in Jacksonville, with completion scheduled for February 2012.
RANDALLSTOWN, MD. — The 105-unit The Greens at Liberty Road Senior Apartments in Randallstown is now open. Enterprise Homes developed the $15.6 million complex, which meets the requirements of the Enterprise Green Communities Criteria through its reflective roof, HVAC systems, low-VOC paint, “green” label carpet, water-conserving plumbing fixtures and more. Amenities include a multi-purpose room, fitness center, media center, sewing room, laundry facilities and a computer room. The project is managed by Habitat America.