FAIRFAX COUNTY, VA. — Fairfax, Va.-based Chalmers Property Co. has purchased the 160,000-square-foot Three Flint Hill office building from Three Flint Hill Limited Partnership for an undisclosed amount. The eight-story property is located in the Flint Hill Office Park at 3201 Jermantown Rd. in Fairfax County.
ORLANDO, FLA. — AT&T Corp. has leased 186,275 square feet of office space from a joint venture between Tower Realty Partners and The Praedium Group. The space is located in the Oak Ridge Office Park in Orlando. Tiffany Zullo of Tower Realty represented the owner.
VIRGINIA — Orlando, Fla.-based Cuhaci & Peterson Architects has been selected to remodel four Food Lion grocery stores in Ettrick and Richmond, Va. The stores span an average of 30,000 square feet. The work will include expanding some of Food Lion’s departments and emphasizing its “Take a Fresh Look” campaign.
MANASSAS, VA. — A joint venture among Potomac Capital Advisors, Baltimore-based Alex. Brown Realty and Bethesda, Md.-based Spectrum Partners has acquired the 176,000-square-foot Westgate Plaza Shopping Center from Principal Real Estate Investors for $25 million. The property, which is anchored by Giant Foods and Barnes & Noble Booksellers, is located at 8139 Sudley Rd. in Manassas. Additional tenants include Panera Bread, Pier 1 Imports, Ruby Tuesdays and Total Wine & More. Spectrum represented itself in the transaction.
MIAMI — Fort Lauderdale, Fla.-based Moss & Associates has completed construction of two Publix stores in Miami. A 31,000-square-foot store in Mary Brickell Village, located on South Miami Avenue, has been built in an existing parking structure. Moss & Associates has also finished a 39,000-square-foot prototype building in the Coral Way section of Miami. This project necessitated new site drainage, lighting and asphalt pavement.
DELRAY BEACH, FLA. — Blue Bell Creameries has purchased 2.25 acres of land for a future office and distribution facility from West Atlantic Property Associates for $1.4 million. The land is located at 9641 W. Atlantic Ave. in Delray Beach. William Mankin of Fort Myers, Fla.-based Colliers Arnold represented Blue Bell, and Gordon Lunt of Fort Lauderdale, Fla.-based Berger Commercial Realty Corp. represented West Atlantic.
MEMPHIS, TENN. — Bunzl Distribution USA, a supplier of safety and food packaging products, has signed a lease with IDI for 96,039 square feet of space in its Airways Distribution Center Building C. Bunzl is consolidating two existing facilities into the space. The Memphis warehouse is part of the 2.5-million-square-foot Airways Distribution Center. Kansas City, Mo.-based Colliers Turley Martin Tucker’s Mark Sonnenberg and Memphis-based Colliers Wilkinson Snowden’s Bayard Snowden represented the tenant. Tim Moore served as in-house representation for IDI.
Barry Wolfe and Michael Zimmerman of Marcus & Millichap sit down with REBusinessOnline.com to give their take on the South Florida retail sector. • What trends do you see presently in retail development in your area? While a recovery in the retail property sector may not start for several more quarters, the slowing in construction will help to set the stage for an eventual rebound in occupancy and rent growth. There is little to no construction currently beginning in South Florida; therefore, completions in 2009 will fall considerably less than the average posted over the past 5 years. • What type of retail product is doing well in your area? Retailers holding up well during the on-going recession are necessity-based retailers such as grocery, drug stores and gas stations. Retailers offering lower price points on their goods and services, such as Dollar General and Family Dollar, are also doing well. • What retailers are new to your area? Kohl’s continues to open stores throughout South Florida. Anthony’s Coal Fire Pizza is also expanding. Otherwise, we are seeing minimal retail expansion and development in the current market environment. • Please name one or two significant retail developments in your area. What …
MONCURE, N.C. — Uniboard is nearly finished developing its $160 million medium- and high-density fiberboard plant in Moncure. The foundation is 80 percent complete, and the production and warehouse areas are 50 percent done. The facility will supply fiberboard to cabinet and furniture manufacturers as well as Pergo, a laminate flooring manufacturer. Completion is slated for the fourth quarter.
MONTGOMERY, ALA. — Michael Maffia and Bob and Rick Sanner of San Francisco-based NAI BT Commercial have represented an undisclosed party in the sale of a 75,000-square-foot retail building to an undisclosed buyer for $9.4 million. The property, located at 8610 Eastchase Parkway in Montgomery, is fully occupied by Academy Sports.