MIAMI — LKS Associates has leased an 8,000-square-foot property to an undisclosed party for a new CVS/pharmacy location. The tenant will demolish the existing Roadhouse Grill to make way for the 13,000-square-foot drug store. Located in the Kendall Value Center on Sunset Drive in Miami, the property will contain two drive-thru lanes. Continental Real Estate Cos.’ Carlos Guzman represented the landlord. Kendall Value Center is now fully leased.
Southeast
LEXINGTON, KY. — Health Management Associates has sold an 11,648-square-foot office building to an undisclosed party for $1.3 million. The 7-year-old property is located at 425 Lewis Hargett Circle in Lexington and is fully occupied. Ken Silvestri of Lexington-based Silvestri-Craig Realtors brokered the sale.
WINTER SPRINGS, FLA. — Altamonte Springs, Fla.-based Forum Architecture & Interior Design has completed plans for the 60-unit Greens at Tuscawilla condominium development. The Winter Springs property will encompass 15 buildings, which will house four units each. Congressional Homes is developing the complex, and Structural Concepts & Design will provide engineering services.
SALISBURY, MD. — Chicago-based Mayfair MDCC has sold a 25,000-square-foot former Circuit City store to an undisclosed party for $2.58 million. The property is spread across 2.24 acres at 2640 N. Salisbury Blvd. in Salisbury. Spirit Halloween is currently occupying the space through October. Henry Hanna and Wesley Cox of Sperry Van Ness – Miller Commercial Real Estate in Salisbury represented Mayfair in the transaction. Blair Rinnier of Salisbury-based Rinnier Development represented the buyer.
BESSEMER, ALA. — Target Container Co. has signed a lease renewal with an undisclosed landlord for 80,500 square feet of warehouse space in the Perimeter Industrial Park. The property, which is located at 4978 Perimeter Way in Bessemer, has housed Target for 15 years. Sonny Culp of Birmingham, Ala.-based Graham & Co. represented the tenant in the lease. Birmingham-based EGS Commercial Real Estate’s Brad Moffat represented the landlord.
MIAMI — Miami-based Stonemason Partners has completed fundraising for a fund designed to acquire more than $100 million worth of multi-tenant retail and distressed property in the Southeast. During the next 4 years, Stonemason will buy property with the goal of redeveloping, re-tenanting and repositioning the assets.
DORAL, FLA. — Nippon Express USA has signed a 171,000-square-foot lease renewal with an entity controlled by Seagis Property Group for space in a Doral warehouse. The property, which is Nippon’s Latin American distribution center, is located at 2900 N.W. 112th Ave. Steven J. Medwin, Harry Wardell and Nick Wigoda of Lincoln Property Co.’s Miami office represented the tenant. The landlord represented itself in the lease.
ROCKVILLE, MD. — BAE Systems Technology Solutions & Services has signed a lease with an undisclosed landlord for a 139,120-square-foot building. The property is located in the 350,000-square-foot Redland Corporate Center at 520 Gaither Rd. in Rockville. Silver LEED certification is being pursued for the property, and the building meets GSA setback and security requirements. Cresa Partners’ Gene Sachs, Paul Ehrenreich, Lauren Hodgin and Andrew Corner represented BAE. Larry Thau, Jim Cahill and Dave Macklin of CB Richard Ellis represented the landlord.
ST. PETERSBURG, FLA. — California-based Makabe & Makabe has purchased the 80,703-square-foot Tyrone Corners Shopping Center from an undisclosed seller for $10.5 million. The property is located across the street from Tyrone Square Mall at 2500 66th St. N. in St. Petersburg. Tyrone Corners is anchored by JoAnn Fabrics, HomeGoods, Panera Bread, AT&T Wireless, Keva Juice and Chick-fil-A. Richard Tarquinio and Christina Monacelli of CB Richard Ellis’ Boca Raton, Fla., office and Mark Shellabarger of the firm’s Tampa office represented the seller.
GULF SHORES, ALA. — Connexion Technologies will open its Gulf Shores facility, located at 1240 Commerce Dr., Thursday. The property houses a regional call center and an operation center helmed by Accerlera Services. Connexion will also occupy space in the building. More than 80 workers will staff the new property.