MORRISVILLE, N.C. — iContact, an e-mail marketing firm, has signed a 70,304-square-foot lease with Duke Realty Corp. for space in Perimeter Park. The property is located at 5221 Paramount Parkway in Morrisville; iContact will occupy some of the space recently vacated by Lenovo, who moved out of the building late last year. Jones Lang LaSalle's Ryan Lawrence represented the tenant. Hooker Manning served as in-house representation for Duke Realty Corp.
PORTSMOUTH, VA. — PFR Properties II has acquired a 76,000-square-foot warehouse from RADVA Corp. for $1.6 million. The building sits on 8 acres at 2211 Elliott Ave. in Portsmouth. After a renovation, the site will be the new corporate headquarters of Special Events Entertainment and Rentals. Thalhimer's Patrick Mumey brokered the sale.
GEORGIA — Atlanta-based Lavista Associates recently brokered the REO sales of three Georgia office buildings. The firm's Austin Chase represented Excel Federal Credit Union in its sale of a 17,280-square-foot building to a private party for an undisclosed amount. The property is located at 101 Colony Park Drive in Cumming. Chase also represented State Bank & Trust in its sale of an office to an undisclosed party. The 5,900-square-foot property is located at 41 Milton Ave. in Alpharetta. John Cape and Kirven Brantley represented Westside Bank in an office disposition. The 9,000-square-foot Suwanee property is located in Satellite Park at Huntcrest.
MEDLEY, FLA. — USPly Trading Co. has signed a 37,440-square-foot lease with PPF Lincoln-Medley at the 670,000-square-foot Lincoln Logistics Park. The property is located at 12604 NW 115th Ave. in Medley. The building features office space and ESFR sprinklers. Jones Lang LaSalle's Steven Medwin, Harry Wardell and Nick Wigoda represented the landlord.
VENICE, FLA. — W.G. Mills of Sarasota, Fla., will break ground in June on the 347,000-square-foot Venice High School for the School Board of Sarasota County. The $78 million school will be located at One Indian Ave. in Venice. SchenkelShultz Architecture designed the project.
UNION CITY, GA. — Ambling Development Partners has arranged $18.7 million in funding for the 150-unit Woodbridge at Parkway Village senior housing facility and will break ground on the project this month. The 146,000-square-foot Union City property will be located on 6.67 acres of land and will feature a movie theater, a cyber café, a library and a fitness center. Funding was obtained through low income housing tax credits, the Hope VI Redevelopment Plan and other state and county sources. Rockport Mortgage Corp., Red Mortgage Capital Group and Merchant Capital helped arrange the financing. Delivery is slated for June 2011.
POMPANO BEACH, FLA. — A court-appointed receiver has sold the 104-unit Fairview Apartments to a private LLC based in Hollywood, Fla., for $3.2 million. The 2.92-acre property is located at 740-770 SW 8th St. in Pompano Beach. Evan Kristol and Still Hunter, III, of Marcus & Millichap's Fort Lauderdale, Fla., office represented the seller. The firm's Joseph Thomas represented the buyer.
MARIETTA, S.C. — Sage Automotive Interiors will invest $10 million in its Gayley plant in Marietta during the next 5 years. The expansion initiative will include adding 80 new employees to the plant, which currently houses 200 workers. Sage creates parts for Chrysler, Jeep, Dodge and Hyundai. The Greenville Area Development Corporation assisted in the initiative. Physical improvements are ongoing, and the company may start hiring by the end of the year.
FAYETTEVILLE, N.C. — Drucker & Falk is preparing for a Wednesday grand opening of the 242-unit Enclave at Pamalee Square in Fayetteville. The property is located on Commonwealth Avenue near Fort Bragg. Apartment amenities include a putting green, a media room, a billiards room, a pool and a fitness center.
GWINNETT, GA. — Benning Construction Co. has broken ground in Gwinnett on the 150,000-square-foot Mega Mart, a Korean grocery and retail discount store. The store will be located in a former Macy's site in Gwinnett Place Mall that has stood vacant since 2003. Wakefield Beasley & Associates designed the store, which will open this fall. The property will include 75,000 square feet of grocery space; the other half of the store will be reserved for retail and specialty goods.