DESTIN, FLA. — Sandestin Investments has purchased the Sandestin Gulf and Beach Resort from Intrawest, which announced the tentative purchase agreement in February, for $30 million. The 2,400-acre property is located in Destin. The resort, which encompasses 1,500 units, features more than 7 miles of beaches, 15 tennis courses, 19 pools, 65,000 square feet of meeting space and a 98-slip marina. Coral Gables, Fla.-based American Real Estate Capital secured the acquisition loan.
ORLANDO, FLA. — Roger B. Kennedy Inc. has completed construction of the 32,000-square-foot Lake Nona Village Center Building 10. The $2.6 million, two-story property is located at 9685 Lake Nona Village Place in Orlando. Developed by Lake Nona Village II LLC, Maitland, Fla.-based Charlan Brock & Associates designed the property. Building 10 houses the 3,082-square-foot world headquarters of Annika Enterprises.
CARRBORO, N.C. — PACE Academy has signed a 21,384-square-foot lease with SHM Properties for space in the Harris Building. The property, which is located at 308 N.C. Highway 54 Bypass in Carrboro, is now 100 percent leased. Grubb & Ellis|Thomas Linderman Graham's Arnold Siegmund and Churchill Bunn represented the landlord in the transaction.
MIAMI — Marcus & Millichap has brokered the $1.2 million sale of a vacant mixed-use property in Miami. The 13,268-square-foot, two-story property is located on the southwest corner of 29th Street and Biscayne Boulevard. The buyer, a limited liability company based in New York, will operate the property as an owner/user and rent out space on the second floor. Mark Wohl of Marcus & Millichap brokered the sale.
WASHINGTON, D.C. — The law firm Mintz, Levin, Cohn, Ferris, Golvsky and Popeo has signed a 55,000-square-foot lease renewal with Beacon Properties at the 350,000-square-foot Market Square. The law firm has occupied space in the office building, which is located at 701 Pennsylvania Ave. NW in Washington, since 1991. The lease will keep the firm in Market Square for 10 more years. Cassidy & Pinkard's Phillip Thomas represented the landlord. Lois Zambo and Steve London of Studley represented the tenant.
BEAUFORT, S.C. — Greenville, S.C.-based RealtyLink has completed a Verizon Wireless retail store in Beaufort. The 4,500-square-foot property is located on Highway 70 and is part of a development that houses Goodyear, Arby's and IHOP.
HARFORD COUNTY, MD. — St. John Properties will break ground during the second quarter on The Village Center at The GATE, a 60-acre shopping center near the Government and Technology Enterprise project in Harford County's Aberdeen Proving Ground. The Village Center will encompass 78,000 square feet in up to nine buildings, which includes five restaurant pad sites, two pad sites for banks and a 10,000-square-foot child-care facility. A 21,000-square-foot, multi-tenant building is also part of the project.
PENSACOLA, FLA. — Sojourn Lodging has sold a 100-unit Quality Inn located in Pensacola to Jay & Vishal Corp. for an undisclosed amount. The buyer will undertake cosmetic renovations to the three-building property, which is visible from US Highway 98. Sojourn was represented in the deal by David Mumford, Steve Kirby and Burton Brooks of Mumford Co.
WASHINGTON, D.C. — The General Services Administration has signed a 40,996-square-foot lease expansion with StonebridgeCarras for space at One Constitution Square in Washington. The GSA will now occupy the entire 329,251-square-foot property, which is located at the intersection of 1st and M streets in the NoMa neighborhood. The 1.6 million-square-foot first phase of Constitution Square — which also includes the 589,000-square-foot Two Constitution Square, a 440-unit apartment building, a Hilton Garden Inn, a Harris Teeter and 30,000 square feet of retail space — is 99 percent pre-leased. Affiliates of StonebridgeCarras and Walton Street Capital are developing the project.
ORLANDO, FLA. — Pelliconi Group of Italy has leased 86,413 square feet from Duke Realty Corp. in Parksouth Distribution Center, eight-building, 990,091-square-foot business park. The property is located near the Florida Turnpike in Orlando. Pelliconi will move into the space in mid-April and has predicted that they will staff 24 jobs during the next 3 years. NAI Realvest Partners' Rob Blackwell represented the tenant. Tim Perry served as in-house representation for Duke Realty.