NAPLES, FLA. — St. Petersburg, Fla.-based The Sembler Co. has completed the 105,000-square-foot Brooks Village, located at the intersection of Pine Ridge Road and Collier Boulevard in Naples. The Publix-anchored center also houses Walgreen’s, Hair Cuttery, Lovely Nail, China Star and Bank of America. Brooks Village opens to the public June 25.
FORT MYERS, FLA. — The Fort Myers office of Owen-Ames-Kimball Co. will build the first phase of Florida Gulf Coast University’s Fine Arts Building 2. The property will be located near the existing arts building on the university’s Fort Myers campus. The project includes building a 210-seat recital hall, a lobby, classrooms, practice rooms, an instrument storage room and offices. The property will be constructed to LEED standards.
ALTAMONTE SPRINGS, FLA. — Seminole County Public Schools has enlisted Orlando, Fla.-based SchenkelShultz Architecture to design its 64,000-square-foot Endeavor School Project. The $8 million school is being built to replace the Rosenwald School, which is located at 1096 Merritt St. in Altamonte Springs. SchenkelShultz will design the project to meet LEED standards.
ALPHARETTA, GA. – Philips Electronics has leased nearly 110,000 square feet of office and data center space at One Deerfield Centre, a mixed-use complex developed by Hines and managed by UBS Global Asset Management. The property is located 1 mile west of Georgia Highway 400 in Alpharetta. Philips is moving from its home of more than a decade, 64 Perimeter Center in Atlanta. The company will use space on the first and second floors for a customer care center for its healthcare division beginning this fall. Vincent Tuminelli of CB Richard Ellis’ New York office and John Dolan of the firm’s Atlanta office represented Philips in the transaction, while John Heagy, Tori Kerr and Brian Eichenseer provided in-house representation for Hines.
JACKSONVILLE, FLA. — An institutional client has sold the 200-unit Southern Pines apartment complex to an undisclosed party for $13 million. The 20-year-old property is located at 1010 Belle Rive Blvd. in Jacksonville. Steve Lear and Bart Walchle of Jacksonville Beach, Fla.-based Walchle Lear Multifamily Advisors brokered the sale.
THE VILLAGES, FLA. — Ocala, Fla.-based Edwards Construction Services has broken ground on the 32,000-square-foot Seabreeze Regional Recreation Center in The Villages of Lake Sumter, a retirement community. The project includes a wellness center, meeting areas, an area for arts and crafts and a pool. Delivery is slated for early next year.
NORFOLK, VA. — Hurrah Players has purchased the 8,400-square-foot Chamber of Commerce Building in Norfolk from Hampton Roads Chamber of Commerce for $1.07 million. The property, which will be used as the new Hurrah Players headquarters, is located at 420 Bank St. Casey J. O’Hearn of Thalhimer brokered the sale.
ELKTON, MD. — MHTJ Enterprises has borrowed a $9.62 million loan to refinance its 156-unit Apartments at Iron Ridge, located on Iron Hill Road in Elkton. The property encompasses 16 two-story buildings and features a tennis court, a swimming pool and a weight room. The 10-year, non-recourse loan carries a 30-year amortization and was arranged using FNMA financing. Laura Saull-Smith of Love Funding’s Washington, D.C., office secured the loan.
ALPHARETTA AND MARIETTA, GA. — Strategic Storage Trust, a $1 billion REIT, has purchased two Atlanta-area self-storage properties totaling $9.6 million. The company purchased a 76,500-square-foot facility in Alpharetta from Storage Partners of Alpharetta for $5.1 million. Located at 11640 Jones Bridge Rd., the store contains 670 units. Strategic Storage also purchased a 500-unit property in Marietta from Storage Partners of Powers Ferry Road for $4.5 million. The self-storage store spans 52,000 square feet at 2035 Powers Ferry Rd. Charles LeClaire of Marcus & Millichap’s Denver office and Michael Mele of the firm’s Tampa, Fla., office brokered the sale.
TALLAHASSEE, FLA. — A bank in Houston has sold the 222-unit Camaron at Woodcrest apartment complex to an LLC based in Deland, Fla., for $9.3 million. The property is located at 275 John Knox Rd. in Tallahassee. Evan Kristol and Still Hunter of Marcus & Millichap’s Fort Lauderdale, Fla., office brokered the sale.