CHANTILLY, VA. — Chantilly BioPharma signed a 10-year lease for 79,776 square feet at Avion Flex Tech I & II, located at 3701 and 3725 Concorde Pkwy. in Chantilly. Avion Flex Tech I & II are within the 188-acre Avion Business Park, a business campus containing 19 buildings. Tom Cresce and Chris Lucey of Cassidy Turley's Vienna, Va., office handled the leasing.
FORT LAUDERDALE, FLA. — Fort Lauderdale-based Dodmi purchased a 9,000-square-foot, single-tenant medical office building, located at 2540 N.E. 9th St. in Fort Lauderdale, for $1.92 million. The seller was Fort Lauderdale-based Leela Holdings. Ken Morris of Fort Lauderdale-based Morris Southeast Group/CORFAC International was the sole broker in the transaction.
TAMPA, FLA. — The 244-unit Palm Grove Apartments, located at 5039 Chalet Ct. in Tampa, has sold for $5.55 million, or $22,746 per unit. The seller, C-III (a CMBS special servicing company), and the undisclosed buyer were represented by Darron Kattan, Bob Goldfinger and Kevin Kelleher of Franklin Street Real Estate Service's Tampa office.
JESSUP, MD. — A 42,000-square-foot industrial and warehouse building, located at 10621 Riggs Hill Rd. in Jessup, has sold for $2.8 million. Jasper Engines and Transmissions purchased the 3.2-acre building, which offers 20 foot ceilings, four loading docks and approximately 2,000 square feet of mezzanine storage space. Allan Riorda of NAI KNLB's Ellicott City, Md., office represented the buyer. The seller, the estate of Kenneth Marshall, was represented by Jonathan Green and Chris Kubler of NAI KNLB's Ellicott City office.
TAMPA, FLA. — Penn-Florida Companies and Edge Principal Advisors formed a joint venture to purchase two east Tampa office buildings, the 187,5000-square-foot Lakeview Center office campus and the 85,063-square-foot Eastpointe office building, from East Tampa, LLC, for an undisclosed price. The joint venture plans to renovate Lakeview Center, with completion set for this summer. No brokers were involved in the transaction.
ATLANTA — The 345-unit, 95 percent leased Oxford Summit apartment complex in Atlanta was purchased for $33.2 million by Maryland-based Preferred Apartment Communities from an undisclosed seller. PAC acquired the property through a loan originated by Prudential Multifamily Mortgage and expects the loan to be transferred to Fannie Mae within 60 days. Broker information was undisclosed.
DESTIN, FLA. — The 19,950-square-foot 98 Palms Strip Center was sold for $1.4 million to an undisclosed buyer. The seller, a Fla.-based financial institution, was represented by Benjamin Berry and Michael J. Jaworski of Marcus & Millichap's Tampa, Fla., office and Marc Struss of Marcus & Millichap's Ft. Lauderdale, Fla., office. Broker information for the buyer was undisclosed.
TAMPA, FLA. — The 366-unit, Class A apartment community Westbury at Lake Brandon, located at 1210 Westbury Pointe Dr. in Tampa, was sold for an undisclosed price. The undisclosed seller was in liquidation and Alliance Residential Company purchased the property through the bankruptcy trustee. Broker information was undisclosed.
MIAMI BEACH, FLA. — InSite Group has purchased the 251-room, 146,000-square-foot Continental South Beach Hotel in Miami Beach for $61 million. The eight-story hotel has direct ocean access and is located in “SoBe 10”, the area of South Beach from 15th Street to 24th Street. The seller, RFR Holding, was represented by Jones Lang LaSalle Hotel's Miami office. InSite Group was self-represented in the transaction.
CHARLOTTE, N.C. — Construction is scheduled to begin next month on the 227-unit, $23 million luxury apartment community Fountains at Mooresville Town Square in Charlotte. The project is the residential component of Mooresville Town Square, a recently opened mixed-use center. Amenities will include a gourmet demonstration kitchen, pool, screening room, billiards, business center and fitness center. Red Mortgage Capital's Charlotte office secured debt financing through FHA's 221(d)(4) market-rate apartment financing program. Samet Corporation is the general contractor and Jones Lang LaSalle will handle construction management. The architect for Fountains of Mooresville Town Square is The Housing Studio; and Design Resource Group is the land planner, engineer and landscape architect.