ORLANDO, FLA. — LG Electronics, USA, has signed a lease with TR Crownpointe Corp. for 96,000 square feet of space in an Orlando warehouse. The property is located at 7469 Kingspointe Parkway. Tom McFadden and William Bradford of locally based Southern Commercial Real Estate Advisors represented the landlord, and Susan Ruby of Jones Lang LaSalle’s Orlando office represented LG Electronics.
ALTAMONTE SPRINGS, FLA. — OFFICECO has purchased a 21,234-square-foot office building from Eula Scott LLC for $2.37 million. The property is located at 505 Maitland Ave. in Altamonte Springs. The law firm Wright, Fulford, Moorhead & Brown will occupy the property. Orlando-based First Capital Property Group’s Chuck Mitchell and Trent Scott represented OFFICECO. Maitland, Fla.-based Maitland Realty Co.’s Michael Calhoun represented the seller.
OVIEDO, FLA. — Orlando-based Johnson-Laux Construction has completed the 5,346-square-foot Public Works Administration Building for the Oviedo City Council. The $1.9 million property, located at 1655 Evans St. in Oviedo, has been built to LEED standards. The building’s green features include a rain harvesting system, waterless urinals and pervious concrete paving. Orlando-based VOA Associates designed the property.
D’IBERVILLE, MISS. — ULTA, Dress Barn, Mattress Direct, Mystic Salon & Spa, Five Guys Burgers & Fries, GNC, Ice Cream & More and Splendor Salon are slated to move into The Promenade in D’Iberville when the center starts opening this fall. The 700,000-square-foot power center is being developed by Chattanooga, Tenn.-based CBL & Associates Properties and Atlanta-based Forum Development Group. The Promenade’s anchors will include Target, Kohl’s, Best Buy and PetSmart.
GREENVILLE, N.C. — John Edwards of Arbor Commercial Funding’s Boston office has secured a $3.44 million loan for the 72-unit Melbourne Park 3 Apartments in Greenville. The 10-year loan carries a 6.10 percent interest rate and a 30-year amortization. The loan was financed through the Fannie Mae DUS program.
NAPLES, FLA. — Officials have broken ground on a $17 million renovation project to update the Conservancy of Southwest Florida’s campus. The property is located at 1450 Merrihue Dr. in Naples. The project will include a new wildlife rehabilitation clinic, a nature discovery center, an environmental planning center and a new entrance. When complete, the property will be certified as a green building prototype by the U.S. Green Building Council.
STOCKBRIDGE, GA. — Embassy Group has purchased the 128-unit Cobblestone Village apartment complex from Brad Bradford Realty for $4.56 million. The property, which was built in 1989, is located at 5220 N. Henry Blvd. in Stockbridge. Cobblestone Village features a swimming pool, tennis courts and a fitness center spread across its 12.79 acres. David Gutting, Mike Kemether, Larry Orr, Chris Spain, Nathan Swenson, David Wagner, Steve West and David Whitesell of Cushman & Wakefield’s Atlanta office represented both parties in the transaction.
CHATTANOOGA, TENN. — Chattanooga-based CBL & Associates Properties has created a business development team to focus on expanding the firm’s third-party management client base. The new division is led by Vice President Jay Wiseman. The company is currently developing two malls in the Southeast: The Pavilion at Port Orange in Florida and The Promenade in D’Iberville, Miss.
ORLANDO, FLA. — Twin Med has signed a 54,250-square-foot lease renewal with GE Real Estate for space in an Orlando warehouse. Located at 2126 W. Landstreet Rd., the space will be used for the company’s recently expanded operations. William Bradford and Tom McFadden of Orlando-based Southern Commercial Real Estate Advisors represented the landlord. Twin Med was represented by Deborah Mickler and Forrest Askew of Colliers Arnold’s Orlando office.
KEY WEST AND TAVERNIER, FLA. — Orlando-based Cuhaci & Peterson Architects has started design work on two Winn Dixie renovations in Florida. A 54,000-square-foot store, located at 2778 N. Roosevelt Blvd. in Key West, and a 45,598-square-foot store, located at 92100 Oversees Hwy. in Tavernier, will receive upgrades.