FLORIDA — Altamonte Springs, Fla.-based Forum Architecture & Interior Design has completed design work for four multifamily properties currently under construction in Florida. The buildings span more than 1.6 million square feet and carry an estimated cost of $99 million. The 612-unit Glen at Cagan Crossings, located in Clermont, Fla., is being constructed by Winter Park, Fla.-based Walker & Co. Victoria Park, a 348-unit complex located in Polk County, Fla., is being built by Winter Park Construction. The 280-unit Lakeside Village Apartments, located in Windermere, Fla., is being built by Lake Mary, Fla.-based Altman Contractors. Lakeside Terrace, an 84-unit senior housing center located in Winter Haven, Fla., is being built by Altamonte Springs-based Picerne Construction.
BALTIMORE — Atlanta-based ARCO Design/Build has commenced construction on a 155,000-square-foot office and cold storage distribution center for Merchants Terminal Corp. The property is located in Baltimore adjacent to the city’s port. Delivery is expected this summer. Roswell, Ga.-based Randall-Paulson Architects designed the property.
SANTA ROSA BEACH, FLA. — Orlando-based Windcrest Development has sold 10.6 acres of land to Publix for an undisclosed price. Located on Highway 98 in Santa Rosa Beach, the land will be used for the 57,000-square-foot Publix at South Walton shopping center. A 40,000-square-foot Publix will anchor the property, which is slated to deliver in the third quarter. Jason Carnes of GVA Advantis’ Panama City, Fla., office represented both parties in the transaction.
HARRISONBURG, VA. — Virginia Beach, Va.-based Wheeler Interests has purchased the 56,960-square-foot Port Crossing Shopping Center from Baltimore-based Broad Reach Retail Partners for $7.5 million. The center is located near I-81 in Harrisonburg. Food Lion anchors the property, which is 94 percent occupied. Wheeler is planning an 8,400-square-foot expansion.
DEERFIELD BEACH, FLA. — Anda Medical Properties has purchased two medical office buildings from private sellers for $3.55 million. The 24,480-square-foot building and the 21,030-square-foot property are both located on Powerline Road in Deerfield Beach. Jeffrey Scott of Fort Lauderdale, Fla.-based Brenner Real Estate Group brokered the sale.
ORLANDO, FLA. — Orlando-based McCree General Contractors & Architects has completed the 11,530-square-foot Orlando Fire Station #7. The facility was built to Silver LEED certification and features high-efficiency heating and cooling systems and low-flow plumbing. Design plans for the property are part of a prototype that will be used at five more fire stations in the area. The fire station includes truck bays, offices, a kitchen, a dining room, sleeping quarters and a triage area.
CARY, N.C. — Columbus, Ohio-based CASTO has welcomed Bloom Supermarket to the 58,863-square-foot Fairview Village, which is currently under construction in Cary. The 38,000-square-foot store will open during the first quarter of 2010. Bloom Supermarket is a subsidiary of Food Lion.
WASHINGTON, D.C. — JetSet Hospitality has purchased The Embassy Inn and the Windsor Inn & Suites from an undisclosed seller for an undisclosed amount. The two properties, which were constructed in the early 1900s, are located on 16th Street in Washington and encompass 84 total rooms. Bill Moyer and Charlotte Seale of Washington-based Donohoe Real Estate Services structured the sale.
HAMPTON ROADS, VA. — Jackson, Miss.-based Parkway Properties has sold the 82,000-square-foot Lynnwood Plaza, an office property in Hampton Roads, to an undisclosed buyer for $7.8 million. The plaza is currently 96.7 percent occupied. The sales price represented an 8.4 percent cap rate on 1 year of projected net operating income.
BOCA RATON, FLA. — Crown Wine & Spirits has sold two of its Boca Raton stores for a total of $3.5 million. A Sarasota, Fla.-based company purchased an 8,750-square-foot store, located at 3500 N. Federal Highway, for $2.25 million. A local private investor purchased a 4,800-square-foot store, located at 757 S. Federal Highway, for $1.25 million. The two transactions were sale-leasebacks, with Crown Wine & Spirits signing 15-year NNN leases. The leases come with 1.5 percent annual rent increases and three 5-year options. Marc Strauss of Marcus & Millichap’s Fort Lauderdale, Fla., office and Adolfo Palacios of the firm’s Miami office represented the seller. Greg Zeifman of Marcus & Millichap’s Miami office represented the Sarasota company, and Evan P. Kristol and Still Hunter, III, of the Fort Lauderdale office represented the local buyer.