BOCA RATON, FLA. — JARI Research Corp., Schmitt & Rossi and TLFO have signed a 143,000-square-foot lease with BRE/Boca Corporate Center for space in its Boca Raton Corporate Park and Campus. The three companies — a cancer research firm, an art company and a data processing firm, respectively — will be housed at 4530 Conference Way South in Boca Raton. Reichel Realty and CB Richard Ellis brokered the transaction.
VIRGINIA BEACH, VA. — Chesapeake, Va.-based Mid-Eastern Builders has completed construction on the 35,000-square-foot Metroplex One office building. Located at the intersection of Regent University Drive and Midtowne Way in Virginia Beach, tenants in the building include the American Center for Law and Justice, Trinity Broadcasting Network and Regent University’s School of Global Leadership and Entrepreneurship. Still in the planning stages, Metroplex II and III will span 140,000 square feet. A 500-acre mixed-used project is also planned.
MONROE, LA. — Faulk & Foster Real Estate has signed up with Princeton, N.J.-based NAI Global and will become NAI Faulk & Foster, helping NAI extend its presence in Louisiana. The firm, located at 1811 Auburn Ave. in Monroe, focuses on commercial real estate brokerage services, facility management, lease management, and development. NAI Faulk & Foster boasts 300 active clients and manages more than 1 million square feet of commercial property.
MECHANICSVILLE, VA. — The Shoppes at Bell Creek LLC of Richmond, Va., has sold the 65,781-square-foot The Shoppes at Bell Creek to New York-based Envoy Realty Partners for $9.5 million. The property, which is anchored by a 37,961-square-foot Food Lion, is located at 8319 Bell Creek Rd. in Mechanicsville. The center is 95 percent leased. Midlothian, Va.-based Mike Lowry Co. represented the seller, and the buyers secured in-house representation.
MIAMI — Hollywood, Fla.-based John Moriarty & Associates will complete vertical construction on the 600,000-square-foot Brickell Financial Centre on Friday. The 40-story project, which consists of office and retail space, is being developed by Miami-based Foram Development and has been constructed to Silver LEED certification. The building is located at 600 Brickell Ave. in Miami.
CORAL SPRINGS, FLA. — Orlando, Fla.-based Keene Construction Co. has finished construction on the 64,000-square-foot Turtle Crossing shopping center. St. Petersburg’s LNR Properties developed the project, which is located at 4348 N. State Rd. 7 in Coral Springs, and VanderPloeg & Associates of Boca Raton, Fla., provided design work. Keene’s services included demolition, 38 acres of site work and new construction.
ATLANTA — Dallas-based Lincoln Property Co. has secured two lease renewals totaling more than 115,000 square feet in the company’s 288,000-square-foot Airport-West Distribution Center. The two-building property is located on Buffington Road in Atlanta. PSI Group leased 66,524 square feet, and Chick-fil-A signed a 51,724-square-foot lease. With the two lease renewals, the property is now 93 percent occupied. Chip Craighill of Cushman & Wakefield’s Atlanta office represented PSI.
PEMBROKE PINES, FLA. — Israel-based Gamla-Cedron Group has purchased the 26 remaining units at the 250-unit La Via Condominium complex from an undisclosed seller for $1.43 million. The property is a distressed asset that has been sold, piece by piece, since 2005. The apartment complex, which is located in Pembroke Pines, was converted to condominium units to facilitate its sale. Avery Klann of Apartment Realty Advisors’ Boca Raton, Fla., office arranged the deal.
GREENVILLE, S.C. — Malvern, Pa.-based Liberty Property Trust has sold a 300,000-square-foot portfolio of six Class A office buildings to an undisclosed buyer for $35 million. The space is located in the Independence Corporate Park in Greenville. Ryan Clutter of CB Richard Ellis’ Charlotte, N.C., office represented the seller.
BIRMINGHAM, ALA., AND VALDOSTA, GA. — Oak Brook, Ill.-based Inland Real Estate Acquisitions has purchased two 657,000-square-foot distribution centers from The Home Depot for $59 million in a sale/leaseback agreement. The Home Depot will lease the buildings for 18 years. The Rapid Deployment Centers, located in Birmingham and Valdosta, each feature 32-foot ceilings and 239 dock doors.