WEST PALM BEACH, FLA. — The law firm Lewis, Longman & Walker has signed an 11-year lease with Gaedeke Group for 15,742 square feet in its Northbridge Centre office development. The property is located at 515 N. Flagler St. in West Palm Beach. Occupancy of the 288,131-square-foot building is now 64 percent. Touchstone Webb Realty Co.'s Laureen Hunter represented the tenant. Kirk Fetter served as in-house representation for the landlord.
PINELLAS PARK, FLA. — Marcus & Millichap has brokered the sale of a 1,425-square-foot Church's Chicken between two undisclosed parties for $615,000. The Pinellas Park restaurant is used as a training location. Ron Schultz and John Brigel of Marcus & Millichap's Tampa, Fla., office represented the seller. Paul Bitonti and Brenton Baskin of the firm's Newport Beach, Calif., office represented the California-based buyer.
EDGEWATER, MD. — Regency Centers has broken ground on the 271,803-square-foot Village at Lee Airport, a mixed-use center anchored by a 62,911-square-foot Giant Food. Located on Maryland Avenue in Edgewater, the property will also house Panera Bread, Hong Kong Express and Subway. A 75,000-square-foot residential area is also part of the plans. Completion is expected late this year.
RALEIGH, N.C. — Regency Centers and Cary, N.C.-based WelCor Development will break ground Wednesday on the $20 million Market at Colonnade, located at the intersection of Six Forks Road and Colonnade Center Drive in Raleigh. The project will include a 40,000-square-foot Whole Foods Market and 17,000 square feet of additional retail space. Market at Colonnade was designed to LEED standards and is expected to generate 120 construction jobs and 160 permanent jobs. Delivery is slated for 2011.
PALMETTO BAY, FLA. — Master Builders of South Florida has broken ground on the Palmetto Bay Village Hall in Palmetto Bay. Designed by Boca Raton-based JMWA Architects, the property will be built to LEED Gold specifications. The two-story building will include offices for the mayor, the village commissioners, the police department and other village government departments. Completion is slated for November.
COLUMBIA, TENN. — Charles Warner of Baker Storey McDonald Properties has brokered Realty Income Corp.'s sale of a 7,500-square-foot former Hollywood Video location to Aaron's Inc., part of a three-property deal valued at $2.06 million. The building, located at 803 S. James Campbell Blvd. in Columbia, will be converted into a Aaron Rents store. The other stores are located in Arkansas and Ohio. Warner, with the help of the firm's Sheldon Griffen, has also brokered BSM Creekside's sale of a 2,500-square-foot building formerly occupied by Regions Bank to Kroger Limited Partnership I for $735,000. The property is located at 1000 S. James Campbell Blvd.
MIAMI, FLA. — Miller Construction Co. has completed a $43 million renovation of the Omni International Mall in Miami, creating The Omni Offices from 320,000 square feet of retail space. Phase two of the project, which is being developed by Argent Ventures, calls for an additional conversion of 280,000 square feet of retail space. The project features green construction aspects, including the use of low-emission glazing and heat-reflective roofing. The Government Services Administration has leased 28,000 square feet in the new space.
ORLANDO, FLA. — BRI 1827 Mosaic has purchased 248 units in the 451-unit Mosaic at Millenia condominium complex from an undisclosed seller for $14.8 million. The 7-year-old property, which is 97 percent leased, is located at 3705 Conroy Road in Orlando. When the complex was converted from apartments to condominiums in 2006, units were selling for $240,000 to $285,000; BRI's purchase price translates to $59,677 per unit. Bob Dockerty and Chris Caveglia of Dockerty Romer & Co. brokered the sale.
WASHINGTON, D.C. — Wells Fargo & Co. has provided $15 million in financing for the greening of 98 affordable housing units in the three-property Jasper29T development in Washington. More than $8 million will be provided in the form of a Low Income Housing Tax Credit; the company is also providing a $4.8 million construction loan and $2.82 million in Freddie Mac Forward Commitment financing. The project includes new HVAC units, upgraded insulation and the installation of low-flow fixtures and EnergyStar appliances.
FORT MYERS, FLA. — Stevens Construction will break ground this spring on the 10,440-square-foot Collins Vision Center in Fort Myers. The property will be located at 6900 International Blvd. and will include eight exam rooms, two orbital scan rooms, a reception area and offices. The project, designed by Christopher Lee Architects, is slated to deliver late this year.