MIAMI — Moss & Associates has completed construction of the 84,000-square-foot Leon Medical Centers – Flagler Project. The project was complete 8 months removed from the groundbreaking ceremony. The $22 million facility is located on 5 acres at 150 N.W. 79th Ave. in Miami. The property includes spaces for primary and specialty care, a pharmacy and dental, optical and diagnostic services. Coral Gables, Fla.-based MGE Architects designed the hospital.
Southeast
NEPTUNE BEACH, FLA. — Orlando-based Cuhaci & Peterson Architects will soon start design work on a 62,350-square-foot Publix-anchored shopping center. The property, to be developed by Jacksonville, Fla.-based Regency Centers, will be located on Atlantic Boulevard in Neptune Beach. In addition to the Publix, the property will contain 15,000 square feet of shop space.
TAMPA, FLA. — Conyers, Ga.-based Rockdale Pipeline has sold three industrial buildings totaling 12,731 square feet to Hayes Pipe Supply of Nashville, Tenn., for $1.21 million. The 6.3-acre property is located at 9416 E. Martin Luther King Jr. Blvd. in Tampa. Josh Tarkow of Grubb & Ellis|Commercial Florida represented the buyer.
ATLANTA — Atlanta-based Jamestown has formed the Southeast Retail Joint Venture with Weingarten Realty Investors to invest in six grocery-anchored projects worth a total of $160 million. The developments are located in infill areas throughout the Southeast. Four of the deals, worth a total of $114 million, have already closed, and the two remaining projects will close when loans are secured. Jamestown’s net equity investment for 80 percent ownership of the developments is $53 million.
ORLANDO, FLA. — Wachovia Bank has renewed its 77,600-square-foot lease with Orlando-based Eola Capital for an additional 5 years. The company’s space is located in the One Orlando Centre office building at 800 N. Magnolia Ave. in Orlando. The 21-year-old property is 89 percent occupied. Both parties had in-house representation.
ORLANDO, FLA. — Rehrig Pacific Holdings has signed a 50,400-square-foot lease renewal with Boston-based AMB Property in Orlando. The industrial property is located at 7452 Presidents Dr. Robert Blackwell, Sean DuPree and Jim Murr of Maitland, Fla.-based NAI Realvest represented the tenant. Erik Schwetje of CB Richard Ellis’ Orlando office represented AMB Property.
LAUDERHILL, FLA. — 440 University LP has borrowed $3.4 million in financing from a regional bank for its 120,390-square-foot Promenade at Inverrary. The un-anchored strip center, which is 78 percent leased, is located at 4400 University Dr. in Lauderhill. The 3-year loan carries a 6.95 percent interest rate and a 25-year amortization schedule. Joseph Hepp of Delray Beach, Fla.-based Dockerty Romer & Co. secured the loan.
D’IBERVILLE, MISS. — Encore Hospitality has broken ground on the $16 million D’Iberville Courtyard by Marriot in the city’s Lakeview Village development. The 125-room property will include a restaurant, a lounge, an exercise room and an indoor pool. The five-story hotel is expected to open in May.
DAVIE, FLA. — 5780 Griffin Road LLC has purchased two acres of land worth $840,000 from a private party for the second phase of its 5700 Griffin Road office project. The land, located at the intersection of Griffin Road and S.W. 58th Avenue in Davie, is adjacent to the project’s first phase, a 30,000-square-foot office building. The second phase calls for a duplication of the fully-leased initial building. Groundbreaking for the second phase is scheduled for the third quarter of next year. Berger Commercial Realty Corp.’s Reese Stigliano represented the buyer; Joe Caprio of Joe Caprio and Co. represented the seller.
CLEVELAND, TENN. — Colliers International has brokered the sale of a 10,491-square-foot retail building between an institutional investment company and a private buyer for $1.17 million. The property, located at 138 Paul Huff Parkway in Cleveland, houses Ryan’s Grill, Buffet & Bakery. Financing for the transaction was secured through a local bank. Ian Schroeder and Maurice Nieman of Colliers’ Irvine, Calif., office brokered the sale.