ATLANTA — Historic Urban Equities has redeveloped the 11-story Atlanta Flatiron Building, adding new HVAC systems to the property and updating the lobby and common areas. These and other renovations reduced the Flatiron’s carbon footprint by 20 percent. The property, located at 84 Peachtree St. in Atlanta, encompasses 37,000 square feet of office space.
POTOMAC, MD. — Potomac-based Willco Cos. will soon close on its $100 million Willco Fund I, which will target office, multifamily and industrial investments in the Washington, D.C., area. Acquisitions will focus on undercapitalized assets, and during the next 3 years, Willco expects to purchase properties worth $375 million. Investors in the fund are willing to hold assets for an extended length of time.
DURHAM, N.C. — Ram Realty Partners II, a fund sponsored by Palm Beach Gardens, Fla.-based Ram, has acquired the 134,295-square-foot Durham Festival Shopping Center from an undisclosed party for an undisclosed amount. The shopping center is located on Hillsborough Road in Durham. Kroger anchors the property, which is also occupied by Millennium Sports Club, Dollar General and SunTrust Bank. Ram Realty Partners II currently holds $175 million in assets.
MT. PLEASANT, S.C. — Greenville, S.C.-based Fox Capital Partners is developing Rivertowne Place, a grocery-anchored shopping center, to LEED specifications. The property is located on Highway 41 in Mt. Pleasant. Rivertowne will spotlight a new Harris Teeter prototype in addition to providing space for restaurants and retail tenants.
ASHBURN, VA. — Glasstech has signed a lease with Merritt Properties for 20,747 square feet of warehouse and office space in Ashburn. The property is located at 44601 Guilford Drive. Steve Shaw and Keith Wallace served as in-house representation for Merritt Properties.
WASHINGTON, D.C. — The Washington office of Gensler Associates will redesign the 1 million-square-foot Washington Square office tower starting later this year. Twenty retail shops also occupy space in the building. The property, located at 1050 Connecticut Ave. in Washington, is owned by Lerner Enterprises and The Tower Companies. Renovations include enhanced access-control systems, a new elevator system and additional bike racks.
GAINESVILLE, FLA. — The Florida division of Clancy & Theys Construction Co. has completed a 12,417-square-foot sanctuary at the St. Patrick Catholic Church. The property, which is owned by the Diocese of St. Augustine, is located at 412 N.E. 16th Ave. in Gainesville. The building includes acoustical panels on the perimeter walls and a cathedral-style open ceiling. Gainesville-based Brame Architects designed the church.
CLAYTON, N.C. — LSF5 has sold a Lone Star Steak House restaurant to an undisclosed party for an undisclosed amount. The property is located at 13049 U.S. Highway 70 West in Clayton. Morrison Divine of Sperry Van Ness’ Raleigh, N.C., office and Kase Abushark of the firm’s Irvine, Calif., office represented the seller; Charlie Barzola of Raleigh-based Commercial Carolina represented the buyer.
GEORGIA AND FLORIDA — Orlando, Fla.-based Cuhachi & Peterson Architects is working on six retail design projects in Georgia and Florida. The firm is working on the renovation of two Pizza Hut stores in Claxton and Glenville, Ga., and two more stores in Savannah, Ga. Each store encompasses 1,000 square feet of space. In Lady Lake, Fla., the firm is designing interiors for the 2,300-square-foot Irish Café and the 1,700-square-foot Gold-In-Art store. The Lady Lake properties are located in the Village Crossroads shopping center on U.S. Highway 441.
PENSACOLA, FLA. — Developers Diversified Corp. has sold the 259,392-square-foot Palafox Square shopping center to Yale Realty Services Corp. for an undisclosed amount. The Pensacola property is anchored by a 219,742-square-foot Wal-Mart Supercenter and is fully occupied by Office Depot, GameStop, Radio Shack, Fantastic Sams, GNC and Sally Beauty Supply, among others. Jim Michalak, Anthony Blanco and Lenard Williams of Plaza Advisors represented the seller.