MARYVILLE, TENN. — Ceramaspeed has sold a 140,260-square-foot distribution facility in Maryville to Blount County for $2.7 million. The county plans to house highway and school maintenance departments in the warehouse after Ceramaspeed moves out in April. Brian Tapp and Maribel Koella of NAI Knoxville represented the seller.
ORLANDO, FLA. — Tinwood, a joint venture between Regency Centers and Publix, has sold the 83,167-square-foot Regency Village to Regency Village Associates for $13.75 million. The Publix-anchored center, located at the intersection of International Drive South and Vineland Avenue in Orlando, is 88 percent occupied. Tenants in the property include Subway, The UPS Store amd Sony JVC Superstore. Jim Michalak of Tampa, Fla.-based Plaza Advisors brokered the sale.
VIRGINIA BEACH, VA. — An entity of Palms Associates has sold a 45,926-square-foot industrial/flex building to the Norfolk Airport Authority for $5.6 million. The property is located adjacent to the Norfolk International Airport at 1429 Miller Store Rd. in Virginia Beach. R. Worth Remick, H. Ashton Williamson, III, and Blake Dozier of CB Richard Ellis’ Norfolk, Va., office represented the seller.
PALM BAY, FLA. — Bradenton, Fla.-based W.G. Mills is constructing the 321,666-square-foot Heritage High School for Brevard Public Schools. The $64.7 million property, located at 2351 Malabar Rd. in Palm Bay, is slated for delivery in August. The school encompasses three two-story buildings, a gymnasium, a courtyard and an 869-seat auditorium. Features include a closed-circuit television studio and digital projectors and DVD/VCR players in each classroom. Orlando, Fla.-based SchenkelShultz Architecture designed the building.
ST. PETERSBURG, FLA. — St. Petersburg-based Boca Ciega Townhomes LLC has sold the 109-unit Boca Ciega Town Home apartment complex to California-based Boca Ciega Apartments LLC for $7.8 million. The property, which is located at 3401 37th Street South in St. Petersburg, is fully occupied. John Burpee of NAI Tampa Bay represented the seller, and the buyer was represented in house.
POINCIANA, FLA. — With an eye toward building a 15,400-square-foot retail building, Boca Raton, Fla.-based Realcap Associates has purchased 3.71 acres of land from Avatar Properties for an undisclosed amount. The property, located at the intersection of Pleasant Hill Road and Southport Road in Poinciana, will serve as the second phase of Poinciana’s Southport Plaza retail development. The first phase was completed in 2006 and includes the tenants Domino’s Pizza, CORA Health and Rehabilitative Services, Extreme Art of Tang Soo Do karate studio and My Angel’s Dream Day Care. Realcap will break ground on the second phase in the next 90 to 120 days, with a delivery planned for the late summer or fall.
WEST PALM BEACH, FLA. — New York City-based Cohen Commercial Properties has purchased the 66,130-square-foot Datura Place office property from an undisclosed party for an undisclosed amount. The building is currently fully leased and is located in downtown West Palm Beach. The firm purchased the property because of its location, appealing aesthetics and below-market rents.
FORT LAUDERDALE, FLA. — New York City-based Therese Virserius Design has competed renovations to the 300-unit Westin Fort Lauderdale. The property is located on Corporate Drive in Fort Lauderdale. The firm renovated all the guest rooms, meeting rooms, common areas, ballrooms and boardrooms.
MT. JULIET, TENN. — Wal-Mart Supercenter and Lowe’s Home Improvement Warehouse are the two newest tenants in Atlanta-based The Gipson Co.’s 140-acre The Paddocks at Mt. Juliet. Wal-Mart will open a 176,348-square-foot store in the fall, and a 103,000-square-foot Lowe’s will open during the company’s third quarter. The Paddocks is located at the intersection of North Mt. Juliet Road and Pleasant Grove Road in Mt. Juliet. Atlanta-based The Shopping Center Group represented the owner in the leases. New York-based Real Estate Capital Partners and Hannover Leasing of Germany are partners in the development.
LAKE MARY, FLA. — Northpointe OffiCenter LLC has taken out a $7 million loan for the 52,995-square-foot Northpointe OffiCenter office building in Lake Mary. The building is occupied by HF Management Services. Protective Life Insurance Co. provided financing for the 12-year loan, which comes with a 25-year amortization schedule. Robert Hernandez of NorthMarq Capital’s Tampa, Fla., office secured the loan.
