CLEVELAND, TENN. — Dayton, Tenn.-based Dillard Construction has broken ground on the first phase of Green Development Group’s 26,000-square-foot Ocoee Commons Professional Office Park, located on Ocoee Crossing in Cleveland. The initial phase includes 13,738 square feet, with the remainder of the space being constructed during phase two. A little more than 2,000 square feet has already been leased.
MIAMI — Orlando, Fla.-based Cuhaci & Peterson Architects is working on a redesign of two Winn-Dixie supermarkets in Miami. The firm will design new spaces for the 50,000-square-foot store on N.W. 41st Street, and the 61,000-square-foot store on N.W. 11th Street.
FORT MYERS, FLA. — Fort Myers-based J.L. Wallace is constructing the 1-acre Bunche Beach Preserve in Fort Myers. The property is located on John Morris Road. Bunche Beach Preserve will include green features like boardwalks and piers made from recycled materials and restrooms that use reclaimed rainwater. Electricity for the site will be generated by the sun.
GREER, S.C. — Weil Brothers-Cotton has sold the 200,000-square-foot C&W warehouses to KIDCO for an undisclosed amount. The property is located at 560 Gilliam Rd. in Greer. Bentley Commercial/CORFAC International’s Laurens Nicholson and Richard Barrett represented the buyer. Brett Chambless of Chambless Partners represented the seller.
MIAMI — Quartin Limited Partnership has sold the 119,071-square-foot Tropical Paperbox warehouse to DAHRO for $6.4 million. DAHRO will use a portion of the property, located at 7000 N.W. 25th St. in Miami, as warehouse space and will lease the remainder. Jay Ziv of Colliers Abood Wood-Fay brokered the transaction.
ALEXANDRIA, VA. — Jim Kornick, Jerry Burg and Matt Clinebell of NorthMarq Capital have brokered the sale of the Landmark Professional Building to JAG Associates for $10.8 million. The 60,432-square-foot office property is located at 5249 Duke St. in Alexandria. Currently 90 percent occupied, the building will near full capacity when JAG moves into 3,500 square feet later this year.
DURHAM, N.C., AND ATLANTA — Benton Investment Co. has sold the 114-unit University Apartments complex, located at 1500 Duke University Rd. in Durham, to Capstone Development Corp. for $3.52 million. The 73-year-old property is 91 percent occupied. Chris Spain, Larry Orr, David Gutting, Mike Kemether, Nathan Swenson, David Wagner, Brandon Whitesell and Steve West of Cushman & Wakefield represented both parties in the sale. Cushman & Wakefield also brokered the sale of the 193-unit Brookhaven complex and the 152-unit Magnolia at Whitlock property, which are both located in Atlanta. Corus Bank sold The Brookhaven to 3833 Peachtree for an undisclosed price. Equity Residential sold Magnolia at Whitlock to Fortress Capital for $6.3 million.
CHARLOTTE, N.C. — Crescent Resources Multifamily Development Group has completed construction of the 360-unit Circle at South End. Located at 222 E. Bland St. in Charlotte, the property is aimed at health-conscious residents and is entirely smoke free. The complex was built to LEED specifications, and green features include water-saving landscaping and fixtures and energy-efficient appliances.
ORLANDO, FLA. — The Florida division of Clancy & Theys Construction Co. will construct the 117,000-square-foot Partnership III Building on the University of Central Florida campus in Orlando. The $15.6 million property will contain offices, classrooms and research labs. Designed by SchenkelShultz Architecture, the building is expected to deliver in December 2010.
VIRGINIA BEACH, VA. — Weatherly Investment Associates has opened the 144-room Holiday Inn Express & Suites Virginia Beach Oceanfront after an extensive renovation and rebranding. The property, formerly the Holiday Inn Hotel & Suites Surfside, is located at 2607 Atlantic Ave. in Virginia Beach. Amenities include an on-site market, a heated swimming pool and a business center.
