DELRAY BEACH, FLA. — SIKON Construction of Deerfield Beach, Fla., will soon start work on a 13,800-square-foot distribution center for Blue Bell Creameries. The property will be located at the interchange of West Atlantic Avenue and U.S. 441 in Delray Beach. Birmingham, Ala.-based Gresham, Smith and Partners designed the facility. Delivery is expected at the end of 2010.
Southeast
MYRTLE BEACH, FLA. — Greenville, S.C.-based RealtyLink has brokered the $2.23 million sale of an 8,142-square-foot Bridgestone tire store between two private companies. The building, which was completed in February, is located 5 miles from the Myrtle Beach International Airport in Myrtle Beach. The tenant's 15-year lease carries 10 percent rent increases every 5 years.
MAUMELLE, ARK. — Marcus & Millichap has brokered the sale of a 1,750-square-foot Starbucks between two private investors for $1.11 million. The tenant has leased the space, which is located at 105 Commons Drive in Maumelle, through 2017. Gino Lollio, William Bennett and Andy Gallas of Marcus & Millichap's Chicago office represented the seller. Peter James of the firm's Los Angeles office represented the buyer. Clarence Cropper of the Montgomery, Ala., office also assisted in the deal.
KISSIMMEE, FLA. — A private party has purchased the 185-unit Legacy Parc apartment complex from a lender that foreclosed on the property earlier this year. The 20-year-old property is located at 1880 Destiny Blvd. in Kissimmee. Legacy Parc last changed hands in 2005, when it was purchased for conversion into condominiums. Shelton Granade and Luke Wickham of CB Richard Ellis' Orlando, Fla., office represented the seller.
DOTHAN, ALA. — Aronov Realty Management of Montgomery, Ala., has started the development of Cottonwood Corners, a 63,000-square-foot shopping center anchored by a 45,600-square-foot Publix. The Dothan property will help generate approximately 200 jobs. Delivery is expected next fall.
OAKLAND PARK, FLA. — Valco Exchange has sold a 35,800-square-foot industrial building to Twelve Terrace for $1.89 million. The property is located at 4201 N.E. 12th Terrace in Oakland Park. The buyer will use the space for its window and door manufacturing operations. Randy Rauch of Fort Lauderdale, Fla.-based NAI Rauch Weaver Norfleet Kurtz & Co. represented the seller.
BENTONVILLE, ARK. — Wal-Mart Stores Inc. has tapped Fort Myers, Fla.-based J.L. Wallace to remodel a Sam's Club store in Bentonville. The remodeling will only take place at night, which will keep the store fully operational during the project. Ronald D. Ress will serve as the architect, and Kimley-Horn & Associates will provide engineering services.
ORLANDO, FLA. — Simon Property Group has completed the development of a 150,000-square-foot outdoor promenade at The Florida Mall in Orlando. Forever 21 and Zara have opened in the property as well as a 25,000-square-foot H&M, which is one of the first in Florida. The Florida Mall houses more than 250 retailers, six department stores and six restaurants.
SPARTANBURG, S.C. — Scottsdale, Ariz.-based Healthcare Trust of America has purchased a 108,500-square-foot medical office building from an undisclosed party for $16.25 million. The property is located on the Spartanburg campus of Mary Black Memorial Hospital. Mary Black Health System has leased 65 percent of the building through 2018.
JACKSONVILLE, FLA. — Using its Bell Fund III investment tool, Bell Partners has purchased the 282-unit Aventine at Deerwood apartment complex from a private party for an undisclosed amount. The complex features a clubhouse, a resort-style pool and a fitness center on 14.9 acres. Wood Partners built the property, which is located on Touchton Road in Jacksonville, in 2002. Aventine at Deerwood is 94 percent occupied.