WASHINGTON, D.C. — Washington-based Hickok Cole Architects is working to complete a design of the NYU-DC center, a new mixed-use New York University building in Washington. The property will be located on L Street and will encompass a lecture hall, seminar rooms, offices and student residences. NYU-DC will house undergraduate Arts and Science programs and satellite facilities for The Brademas Center for the Study of Congress, The Robert F. Wagner Graduate School of Public Service and NYU’s Office of Government and Community Affairs.
Southeast
TAVARES, FLA. — Longwood, Fla.-based Cotter Ryan Commercial is preparing to break ground on the $4 million Premier Surgery Center in Tavares. Located at the intersection of Vindale Road and S.R. 441, the 20,000-square-foot property will include an ambulatory surgery center and medical office space. Completion is expected later this year.
FREDERICKSBURG, VA. — Sun Group Management has opened its 85-room Country Inn & Suites By Carlson Fredericksburg at 656 Warrenton Rd. The hotel is located off Exit 133 on Interstate 95 in Fredericksburg. Amenities include an indoor pool, a fitness center and a meeting room. Each unit features wireless high-speed Internet access and a 32-inch LCD television.
HAMPTON, VA. — Lumber Liquidators has signed a 100,000-square-foot lease expansion and renewal with an undisclosed landlord for space in a Hampton warehouse. The property is located at 300 W. Park Lane. Michael Shapiro of GVA Advantis’ Newport News, Va., office represented Lumber Liquidators in the transaction, and Clay Culbreth and Stephanie Sanker of the firm’s Norfolk, Va., office represented the landlord.
TAMPA, FLA. — The auto parts distributor Unique Industry Corp. has signed a lease renewal with Duke Realty for 35,540 square feet in its Fairfield IV warehouse in the Fairfield Distribution Center. The nine-building, 999,142-square-foot center is located on Elm Fair Boulevard in Tampa. Unique has resided in the property since November 2003. UGL Equis’ Todd Brandon represented the tenants, and Tim Hain served as in-house representation for Duke Realty.
SANFORD, FLA. — A joint venture between Canadian and Florida-based investors has borrowed a $14.05 million loan for the 356-unit Stonebrook Apartment Homes. The apartment complex, which was completed in 2001, is located at 1000 Stonebrook Dr. in Sanford. The 10-year Freddie Mac loan carries a 5.62 percent fixed interest rate and a 30-year amortization. Dennis Jimenez of CB Richard Ellis’ Orlando office secured the loan.
ROCKVILLE, MD. — Aeras Global TB Vaccine Foundation has completed a 9,000-square-foot tuberculosis vaccine manufacturing facility at its headquarters at 1405 Research Blvd. in Rockville. The multi-million dollar, BioSafety Level 2 facility will be able to produce 200 million doses of tuberculosis vaccine. By producing the vaccine at its own facility, Aeras will help reduce the cost of the new drug.
FORT LAUDERDALE, FLA. — A local LLC has sold a 22-unit Fort Lauderdale apartment portfolio to a local private investor for $858,000. The three-property sale included eight units at 800 N.W. 3rd Ave., eight units at 424 N.W. 14th Terrace and six units at 805 N.W. 2nd Ave. Jason Yukins of Marcus & Millichap’s Fort Lauderdale office represented the seller.
ORLANDO, FLA. — Siemens Shared Services has leased 29,500 square feet of space in University Corporate Center III, located in the Quadrangle Business Park at 11474 Corporate Blvd. in Orlando. Greg Morrison and Emily Zinaich of Orlando-based Morrison Commercial Real Estate represented the landlord, and The Princeton Group’s Lee Orisi represented Siemens. This is the third lease Morrison Commercial has executed at University Corporate Center III in the past 90 days. The property is currently 94 percent leased.
LOUISVILLE, KY. — Louisville-based Kindred Healthcare will purchase six nursing centers it currently leases from the healthcare REIT Ventas for $55.7 million. The properties are all under-performing assets that Kindred will eventually sell, generating an expected $10 million to $15 million. In addition, Kindred will extended its leases for 87 Ventas-owned nursing centers and 22 of the firm’s long-term acute care hospitals by 5 years.