DAVIE, FLA. — Fort Lauderdale, Fla.-based Moss & Associates will start work in June on a $1.4 million renovation of the Central Services Building on the campus of Nova Southeastern University in Davie. The 22,000-square-foot property will be transformed into a new athletics facility. Delivery has been set for early August.
Southeast
ATLANTA — GE Energy has signed a 106,000-square-foot lease with Eola Capital for space in the nine-story Parkwood Point office building. The property is located at 2018 Powers Ferry Road in Atlanta and is now 89 percent occupied. GE will move its Digital Energy division into the space in July and will eventually employ more than 400 workers at the location. CB Richard Ellis' John Shlesinger and Brent Woodruff represented GE. Bob Stoner represented Eola Capital internally.
TAMPA, FLA. — Gamla-Cedron Group has purchased 144 units of the 240-unit Promenade at Tampa Palms condominium complex from Guaranty Bank for $6 million. Guaranty had foreclosed on the property, which is located at 16200 Enclave Village Drive in Tampa, in February. T. Sean Lance and John Burpee of NAI Tampa Bay represented the buyer. Marcus & Millichap's Still Hunter represented the bank.
GREER AND GREENVILLE, S.C. — RealtyLink has sold two Tuffy Auto locations to private buyers for more than $3 million. One 5,100-square-foot property, located adjacent to a Target center in Greer, was sold for $1.62 million. The other store, a 5,390-square-foot property in downtown Greenville, also sold for $1.62 million. The new stores were completed 2 years ago and are leased to the tenants on 20-year terms.
MURFREESBORO, TENN. — An affiliate of CW Capital has sold the 179-room Clarion Inn & Suites of Murfreesboro to Gateway Hospitality Services of Tennessee for an undisclosed amount. The property is located near two hospitals and Middle Tennessee State University. David Mumford, David Holcombe and Randy
PLANTATION, FLA. — The Chrysalis Center has purchased the two-story Bank of America office building from BB Plantation for $2.7 million in a 1031 exchange. The property is located at 3800 W. Broward Blvd. in Plantation. Chrysalis will occupy the second floor, and Bank of America will continue to operate from the first floor. Paul White, Isabel Fine and Miguel Salvat of Keller Williams Commercial represented the buyer. Southeast Properties' Laurie David-Roe represented the seller.
JACKSONVILLE, FLA. — A private party has borrowed an $8.43 million acquisition loan for the 400-unit Summer Oak at St. John's Apartments, which was purchased for $12.4 million. The Jacksonville property is currently 85 percent occupied. Freddie Mac financed the loan, which carries a 5.65 percent interest rate. Grandbridge Real Estate Capital arranged the funding.
WASHINGTON, D.C. — Skanska USA will break ground this month on the partially completed, Class A office building at 1015 Half St. in Washington. Completion is expected in December. Washington Design Group served as architect on the LEED-Silver project, which is being developed by Douglas Wilson Cos. and is being built to the General Services Administration's construction standards.
MIDDLE RIVER, MD. — Ace Logistics has leased 141,400 square feet from RREEF at 670 Chesapeake Park Plaza in Middle River. The warehouse lease serves as a relocation and expansion for the tenant. Cushman & Wakefield's Matthew Laraway and Robert Clements represented Ace Logistics. KLNB's Peter Dudley represented the landlord.
CHESTERTOWN AND CALIFORNIA, MD. — Marcus & Millichap has brokered two retail sales in Maryland. MWASH LLC has sold a Walgreens to an undisclosed party for $7.07 million. The property is located at the intersection of Washington Avenue and Morgenec Road in Chestertown. The firm's Dean Zang and Mark Taylor represented the seller. Zang and Taylor also represented Park Place Cal in its sale of an Olive Garden to an undisclosed party for $1.77 million. The newly constructed restaurant is located in the Park Place development at 45265 Abdell House Lane in California.