PENSACOLA, FLA. — Carlisle Development Group and the Area Housing Commission have completed two affordable housing developments in Pensacola worth a total of $27 million. The 74-unit Morris Court II, located at 1200 N. M St., is 100 percent occupied by low-income families. Morris Court III, a 50-unit building located at 1301 N. M St., is reserved for senior housing. Amenities in the development include a community clubhouse, a computer lab, a library and a playground.
MIAMI — Two private real estate investment groups have purchased two U-Store-It properties totaling more than 137,000 square feet from an undisclosed buyer for $2.97 and $4.63 million. The assets, which are both located in Miami, were part of a 21-property portfolio. Chico LeClaire of Marcus & Millichap’s Denver office and Michael Mele of the firm’s Tampa, Fla., office represented the seller. Greg Zeifman of the firm’s Miami office represented the buyer.
ORLANDO, FLA. — 2580 Technology Drive LLC has sold a 24,700-square-foot office building to The United Mexican States for $5.55 million. The two-story, Class A property is located at 2550 Technology Dr. in Orlando and will be used as a consulate office. Sale of the building included 4.5 acres of land. Nan McCormick of CB Richard Ellis’ Orlando office represented the seller, and Orlando-based RealTrend’s John Hussey represented the buyer.
CHARLESTON, S.C. — Working as Southeastern Pizza Group, Charleston-based JEM Restaurant Group has purchased 40 Pizza Hut restaurants from an undisclosed party for an undisclosed price. The restaurants are located in Jacksonville, Fla., and Columbus and Macon, Ga. The transaction included real estate, leasehold interests and restaurant operating equipment.
HAYMARKET, VA. — Landservices has broken ground on two office buildings totaling 140,000 square feet in Haymarket. Located at the interchange of I-66 and Route 15, the buildings span 80,000 square feet and 60,000 square feet. The properties are part of The Village at Heathcote, which will encompass 450 residential units and 75,000 square feet of street-level retail. BB&T Bank and Minnieland Private Day School have leased pad sites in front of the buildings and should open late this year.
YOUNGSVILLE, N.C. — Dixie Development Co. has purchased a 75,000-square-foot manufacturing building from an undisclosed party for $5.75 million. The warehouse is located in the Youngsville Industrial Park on Bert Winston Road in Youngsville. Hollister currently leases the property, which features 11,325 square feet of office space and 16,600 square feet of clean room manufacturing space. Herb Cunningham of Raleigh, N.C.-based Caldwell Banker Commercial TradeMark Properties represented the buyer.
NAPLES, FLA. — George P. Atkinson Family Trust has sold a 7,150-square-foot retail building, located at 411 Tamiami Trail N. in Naples, to DNR Realty for $2.85 million. The buyer plans to open a drug store on the property. George Atkinson of CB Richard Ellis’s Fort Myers, Fla., office represented the seller. Naples-based Thompson Realty’s Andy Morrison represented the buyer.
PUNTA GORDA, FLA. — Punta Gorda Acquisitions Associates, a subsidiary of Pasadena, Calif.-based Evergreen Realty Group, has landed a $2.8 million loan for the purchase of the 56-unit Punta Gorda Elderly Care Center. The 15-year-old property, which spans 22,271 square feet, is located at 2295 Shreve St. in Punta Gorda. Kristopher Wood and Charlie Peterson of Philadelphia-based NAI Bluestone Real Estate Capital secured the 3-year, fixed-rate loan. Financing for the loan, which comes with a 7.75 percent rate and a 25-year amortization, was provided by the National Bank of Southwest Florida.
TENNESSEE — Centro Properties Group has sold a 320,371-square-foot shopping center portfolio to an undisclosed Atlanta-based investment company for an undisclosed amount. The five centers are located in multiple cities in Tennessee. Property tenants include Food Lion, Dollar General, Family Dollar, Burke’s Outlet, Auto Zone and Movie Gallery. Atlanta-based NAI Brannen Goddard’s Ty Underwood and Fain Hicks brokered the sale.
KISSIMMEE, FLA. — Tilt-Con Corp. of Orlando, Fla., has finished construction of the 53,893-square-foot Osceola County Joint Communication Emergency Operations Center in Kissimmee. Located at 2588 Partin Settlement Rd., the two-story property features a chiller yard and command vehicle shelter. The center was designed by Winter Park, Fla.-based Architects Design Group.
