ST. PETERSBURG, FLA. — Atlanta-based Pollack Partners has purchased 510 units in the 582-unit Bay Isle Key condominium development from GE Capital for $32.5 million. GE foreclosed on the St. Petersburg property last year. Lubert-Adler Real Estate Funds assisted Pollack in the deal. Cushman and Wakefield represented the seller.
TUSCALOOSA, ALA. — BE&K Building Group, a division of Houston-based KBR, will construct a $46.96 million United States Federal Building and Courthouse in Tuscaloosa. The development will replace the current courthouse and will be built to LEED Silver standards. Further details were not released.
ASHBURN, VA. — First Potomac Realty Trust has purchased the 194,183-square-foot Corporate Campus at Ashburn Center from MRP Realty for $14 million. The three-building property, located 5 miles from Dulles International Airport in Ashburn, was built in 2009 and is 45 percent leased to three tenants. First Potomac will invest $6 million in property renovations.
VIRGINIA BEACH, VA. — Orlando, Fla.-based The Henin Group has sold the Harbor Walk condominium project in Virginia Beach to Franciscus Homes for $4.8 million. The development broke ground in 2003 with a plan for 237 units, and Henin assumed control of the project in 2007. Franciscus acquired sites that will accommodate 156 units.
LOUISVILLE, KY. — Thieneman Springview has sold the 72-unit Springview Apartments to Springview Real Estate Ventures for $1.61 million. The Louisville complex was built in 1971. PRG Investments' Fred Sutterlin, Reed Weinberg and John Davis represented the seller. Breland Group Realtors' Tony Stefater represented the buyer.
PORT WENTWORTH, GA. — Savannah, Ga.-based developer Wrenn Blalock has sold a 400,000-square-foot distribution building to Duke Realty Corp. for an undisclosed amount. The property is located near the Port of Savannah at 602 Expansion Blvd. in Port Wentworth. NLS Real Estate Holdings fully leases the space.
PELL CITY, ALA. — Hoar Construction and Goodgame Co. will begin construction this summer on the 76,000-square-foot St. Clair Replacement Hospital for St. Vincent's Health System. The new building, located near Interstate 20 in Pell City, will replace the current structure, which was built in 1968. The 16-acre property will encompass 40 patient beds, a surgery department, outpatient services and a dietary department. A 45,000-square-foot medical office building is also being planned. Delivery of the hospital is slated for fall 2011.
HAMPTON, VA. — Drucker and Falk has brokered a private party's purchase of the 102-unit Country Club Apartments from Country Club Apartments Inc. for $5.59 million. The property, located at 115 Tide Mill Lane in Hampton, is proximate to Langley Air Force Base. Drucker and Falk's Alan Meetze and David Hudgins represented the seller.
FAYETTEVILLE, ARK. — Springdale, Ark.-based A.L.S. Management has purchased the 135-unit South Creekside apartment building from The Bank of Fayetteville for $4.7 million. Located at 900 N. Leverett Ave. in Fayetteville, the property features a pool and a tennis court. John Clayton, Aaron Hargrove and Tim McKay of Little Rock, Ark.-based Hendricks & Partners brokered the sale.
MIAMI — Atlanta-based Jamestown has acquired the 308-unit Vista View Apartments from Sky Development of Aventura, Fla., for $31.25 million. The company plans to rebrand the property, located north of Sunny Isles Boulevard in Miami, as Beach Place. Before the purchase, Vista View had been named in foreclosure and fraud lawsuits, and Jamestown subsequently purchased the development for a significant discount.