ORLANDO, FLA. — Event Productions, Inc. leased a 30,000-square-foot warehouse at 1930 Commerce Oak Ave. in Orlando. The 6-year lease was negotiated by Lee Morris and Jared Bonshire of the Orlando-based Cushman & Wakefield of Florida, Inc. on behalf of the landlord, Princeton Oaks, F.L., LLC. Greg Stake of Commercial Realty of Central Florida acted on behalf of Event Productions.
Southeast
ORLANDO, FLA. — Ultimate Power Martial Arts & Fitness Center has leased 10,500 square feet of space at Airport Industrial Center at 7480 Narcoossee Rd. in Orlando for 3 years. The landlord, Columbus, Ohio-based Airport Investment Properties LLC was represented by Michael Heidrich of the NAI Realvest Maitland office. He was the sole broker in the deal.
DAYTONA BEACH, FLA. — An undisclosed Florida condo developer purchased the remaining 414 luxury condo units at Marina Grande on the Halifax in Daytona Beach for $60 million. The twin 25-story buildings contain a total of 486 condominiums, 72 of which were sold in 2007. The seller, Miami-based Holly Hill Associates, which is an entity controlled by N.Y.-based Cerberus Capital Management, was represented by Todd Cohen of Orlando-based Cohen Estate Capital, LLC.
MIAMI LAKES, FLA. — HeartWare, Inc., has leased a 131,000-square-foot facility at 14000-14050 NW 57th Ct., Miami Lakes, for an undisclosed amount. HeartWare was represented in the transaction by Jones Lang LaSalle's Keith Edelman and Scott Goldstein. Jim Armstrong of The Easton Group and Lee Kastikos of The Kastikos Group represented the property owners, Marcus Partners and The Easton Group. As part of the firm's expansion plans, the space will serve for research and development, as well as manufacturing and administrative functions.
ST. PETERSBURG, FLA. —Marcus & Millichap Real Estate Investment Services sold Welk Arms, a 41-unit apartment property to an undisclosed limited liability company for $1.05 million. Welk Arms is located at 4701 68th St. North, St. Petersburg, and contains six single-story buildings on approximately 2.5 acres. The listing was marketed on behalf of the seller, a California financial institution, by Michael P. Regan, Francesco P. Carriera and Nicholas Meoli of Marcus & Millichap's Tampa office.
WASHINGTON, D.C. — The Air Line Pilots Association renewed their lease for 10,366 square feet at 1625 Massachusetts Ave. NW, Washington, D.C., for the next 7 years. Washington, D.C.-based West, Lane & Schlager negotiated on behalf of ALPA. Although new locations were considered, ALPA decided to stay at their current address.
WINDER, GA — Carmike Cinemas has selected Benning Construction Company to construct a 46,000-square-foot 12-screen cinema in Winder. The theater will offer Carmike Cinema's signature “BigD Large Format Digital Experience,” which includes bigger screens, bigger sound and luxurious seating for both 2D and 3D features. The theater is set to open in fall 2011.
WASHINGTON, D.C. — The Rockefeller Group has partnered with Mitsubishi Estate New York to acquire 1101 K Street Northwest in Washington, D.C. A joint venture between JBG Companies and Rockwood Capital sold the Class A office for an undisclosed price. Built in 2006, the 10-story, 291,480-square-foot property is currently 80 percent occupied. The property features a two-story lobby, 9- to 10-foot ceiling heights, floor-to-ceiling windows, a rooftop deck, a fitness center, state-of-the-art building systems, underground parking and a restaurant, Brasserie Beck.
GRANVILLE, W.V. — Asset Plus Companies and Diamond Realty Investments have broken ground for the development of The Domain at Town Centre, a student housing development at West Virginia University. Located in Granville, the 912-bed community will be completed for occupancy by fall 2012. The project will be leased and managed by Asset Campus Housing, the student housing affiliate of Asset Plus Cos. The property will feature one-, two-, three- and four-bedroom units, a resort-style swimming pool, an outdoor barbeque kitchen, sand volleyball courts, basketball courts, an exercise facility, a clubhouse, tanning beds, a game room. reserved covered parking, an Internet cafe and a business center with private study rooms.
JACKSONVILLE, FLA. — Fort Lauderdale, Fla.-based Red Apple Development, the development arm of Charter Schools USA, has purchased a 117,000-square-foot facility at 7510 Baymeadows Way in Jacksonville. Situated on an 18.8-acre campus, the property sold for $5.8 million. The buyer plans to renovate the property and open Duval Charter School at Bay Meadows, which will serve students kindergarten through 12th grade. K Dan Shalloway and Jim Morgan of Sperry Van Ness represented the buyer; Bruce Jackson of CB Richard Ellis represented the seller, Ashland Oil, in the transaction.