KENNESAW, GA. — Atlanta-based Choate Construction Co. is eyeing a spring completion of a $16.5 million soccer stadium on the campus of Kennesaw State University in Kennesaw. Features include locker rooms, administrative offices and stadium seating for 8,300 spectators. The property, which was designed by the architecture firm Rossetti, is part of the second phase of the university's Sports & Recreation Park, an 88-acre project that will feature additional soccer fields, a rugby field and hiking trails. The Atlanta Beat, a women's professional soccer team is expected to lease the stadium this spring.
MIAMI — Alex Zylberglait and Ryan Shaw of Marcus & Millichap's Miami office have brokered the $3.75 million sale of Square One Center between two private parties. The 17,600-square-foot medical office building is located at 20880 W. Dixie Highway in Miami. Square One was built in 1999 and houses numerous NNN-leased medical tenants.
DULUTH, GA. — NCR Corp. has signed a lease renewal for 187,298 square feet and an expansion of 64,198 square feet with Satellite Realty Holdings. The deal extends NCR's original office lease by 6 years; the new lease will expire in 10 years and 9 months. The space is located at 2651 Satellite Blvd. in Duluth. John Shlessinger and John Ferguson of CB Richard Ellis represented NCR. Steve Morgan of Grubb & Ellis represented the landlord.
AVE MARIA, FLA. — Fort Myers, Fla.-based J.L. Wallace is planning a groundbreaking for the 38,107-square-foot Tom Golisano Field House on the campus of Ave Maria University in Ave Maria. The property will include an NCAA-regulation basketball court, training and weight rooms, dressing rooms, offices, and a conference room. Jason P. Tramonte Architect designed the project.
SEBRING, FLA. — Fort Myers, Fla.-based Stevens Construction has broken ground on the 33,636-square-foot Bud and Donna Somers Hospice House and Resource Center at 1110 Hammock Road in Sebring. The 16-bed facility is being built for Good Shepherd Hospice. Features include a children's recreation area, a kitchen, a chapel and a library. Delivery is expected early next year.
ORLANDO AND LONGWOOD, FLA. — Michael Heidrich of NAI Realvest has brokered the sale of two industrial properties worth $1.78 million. Miami-based Conquistador Realty Holdings sold a 32,000-square-foot property, located at 3941 Bryn Mawr St. in Orlando, to Overland Holding Corp. of Altamonte Springs, Fla., for $1.3 million. Joe Ardolino of RealPro Group represented the buyer. In the second transaction, Ferguson Enterprises of Newport News, Va., sold a 5,250-square-foot building at 370 North St. in Longwood to Structural Contractors South for $480,000. Lee Unargo of Charles Rutenberg Realty represented the buyer.
ORLANDO, FLA. — McKesson Medical-Surgical has renewed its lease with Orlando Warehouse Portfolio for the 216,478-square-foot warehouse at 401 Gills Drive in Orlando. The deal will keep McKesson in the property for the next 36 months. Erik Schwetje of CB Richard Ellis' Orlando office represented the landlord. The firm's Ray Romano represented the tenant.
ATLANTA — KeyBank Real Estate Capital has secured an $18.8 million loan for the 201-unit Campus Crossings at Briarcilff property in Atlanta. The student housing development serves students at nearby Emory University. Fannie Mae funded the loan, which is an advance from a $200 million credit facility KeyBank closed in January 2008.
HUNTSVILLE, ALA. — Sam Berns of NorthMarq Capital's Rochester, N.Y., office has arranged a $16.47 million loan for a Huntsville apartment complex. AmeriSphere Mortgage Finance funded the loan for the 204-unit Main Street Apartments. The 35-year loan carries a 4.95 percent interest rate and a 35-year amortization.
LEXINGTON, S.C. — An undisclosed party has borrowed $14.5 million for the 204-unit Overlook at Golden Hills Apartments in Lexington. The Fannie Mae DUS loan carries a 5.82 percent interest rate during its 10-year term. A 30-year amortization schedule is also included in the loan. Ronen Abergel of Arbor Commercial Funding arranged the financing.