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.
Southeast
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.
CHAPEL HILL, N.C. — The Longiotti family has sold the 79-room Siena Hotel and the adjacent Il Palio Ristorante to a private buyer for an undisclosed amount. The $8 million property is located at 1505 E. Franklin St. in Chapel Hill. Raleigh, N.C.-based Plaza Associates represented the seller.
CHATTANOOGA, TENN. — Michael Maffia of NAI BT Commercial’s San Francisco office represented an undisclosed party in the sale of a FedEx Freight facility to a private buyer for $8.66 million. The property, which spans 45,735 square feet, sits on 19.37 acres at 4256 Shallowford Rd. in Chattanooga. FedEx has a 15-year net lease on the property, which was built in 2008.
WINTER GARDEN, FLA. — Doug Rozzell and Jeff Schnupp of Thomas D. Wood & Co. have secured $2.8 million in financing for the 31,857-square-foot Mercantile Office Building. The property, located at 12200 W. Colonial Dr. in Winter Garden, houses the Mercantile Bank. Financing for the 5-year loan was provided by The Standard Life Insurance Co. The loan carries a 6.75 percent interest rate and a 25-year amortization.
FREDERICKSBURG AND RICHMOND, VA. — Liberty Property Trust has recently secured two industrial lease renewals in Virginia totaling more than 215,000 square feet. The Simmons Manufacturing Company has renewed its 128,500-square-foot lease at 9601 Cosner Dr. in Fredericksburg. Brian Witthoefft served as in-house representation for Liberty. Terry’s Tire Town Virginia has re-leased 90,000 square feet at 4501 Carolina Ave. in Richmond. Porter Realty’s Richard Porter represented the tenant, and Brian Felton represented Liberty in house.
JUPITER, FLA. — Patrick Madore of Thomas D. Wood & Co. has secured a $5.03 million loan for the Commons at Abacoa II office building. Located at 661 University Dr. in Jupiter, the property encompasses 29,461 square feet. The 10-year loan, which was financed through a regional bank, carries a 6.5 percent interest rate and a 65 percent loan-to-value ratio. The loan also includes a 25-year amortization schedule.
SANDY SPRINGS, GA. — Securus Properties has purchased a 15,000-square-foot REMAX real estate office from MAF 1878 LLC for $3.32 million. The property sits on 2.2 acres at 5163 Roswell Rd. in Sandy Springs. Bruce Propst of Atlanta-based Carter Real Estate represented the buyer, and John DeYonker of Atlanta-based Bull Realty represented the seller.
ORLANDO, FLA. —Emergency Insurance Restoration Services is eyeing an August completion of its 30,000-square-foot Kirkman Plaza shopping center. The $1.25 million property is located at 485 S. Kirkman Rd. in Orlando. Orlando-based Roger B. Kennedy Inc. is serving as general contractor, and the property was designed by CPH Engineers of Orlando.
BONITA SPRINGS, FLA. — Gramercy Capital Corp. has sold a 3,000-square-foot retail property to Lemac for $1.07 million. The building is located at 3250 Woods Edge Parkway in Bonita Springs. Dan O’Berski of CB Richard Ellis’ Fort Myers, Fla., office represented the seller.