HOMESTEAD, FLA. — Davie, Fla.-based Pirtle Construction has completed the 145,888-square-foot State School TT-1. The Miami-Dade County Public Schools’ facility is located at 955 S.E. 18th Ave. in Homestead. Tilt-Con Corp. provided slab-on-grade and tilt-up concrete work, and Miami-based Zyscovich Architects designed the property.
ATLANTA — Chicago-based Seyfarth Shaw will lease 84,000 square feet and The Boston Consulting Group will lease 37,000 square feet in the 12th & Midtown office tower in Midtown Atlanta. The two leases represent the first announced tenants in the 725,000-square-foot building, which is being constructed to LEED standards at 1075 Peachtree St. The structure is part of a $600 million, 1.4 million-square-foot development. Delivery of the property is expected in early 2010. Terms of the leases were not announced.
MIAMI — Sonesta International Hotels Corp. and Florida East Coast Realty will break ground on a 252-unit Sonesta Mikado hotel in Miami early this year. The 40-story hotel, located at 1701 N.E. 4th Ave., will feature a restaurant and 14,000 square feet of meeting space. Additional amenities include a pool bar, a fitness center and spa room and a pool deck on the 12th floor. Miami-based Zyscovich Architects designed the property. Miami’s Sonesta Mikado is set to open in 2011.
GREENSBORO, N.C. — On behalf of a limited partnership, Greensboro-based First LandMark – Guardian Management has purchased the 304-unit Woodstream Apartments from an undisclosed seller for $11.5 million. The complex is located at 7 Woodstream Lane in Greensboro and features a tennis court, a pool and a 1-acre pond. Red Mortgage Capital provided $9.36 million in financing as a 9-year fixed-rate mortgage. Jim Jarrell and Brandon Whitesell of Cushman & Wakefield’s Atlanta office represented the seller, and Timothy Hose represented First LandMark in house.
MIAMI GARDENS, FLA. — Miami Beach, Fla.-based A.B. Knight Construction has completed a 15,671-square-foot store for Yedra Polaris World Garden Furniture, the Spanish company’s first location in the United States. Located at 4700 N.W. 167th St. in Miami Gardens, the property was designed by Fort Lauderdale, Fla.-based Pasquale Kuritzky Architecture.
PANAMA CITY BEACH AND CLEARWATER, FLA. — ECI Capital of Atlanta has purchased the 268-unit Cabana West Apartments in Panama City Beach from an undisclosed seller for $20.5 million. ECI will invest more than $2.5 million to convert the condominiums to rental properties. The complex is 50 percent occupied. John W. Stone and Jason Stanton of Colliers Arnold’s Clearwater office represented the buyer. Stone and Stanton also represented Denver-based New South at Longbranch I & II in its sale of the 184-unit Longbranch Apartments in Clearwater to Tampa, Fla.-based Wisco I for $6.99 million. Wisco will spend $1 million to upgrade the property, which is 60 percent occupied. NAI Tampa Bay’s John Burpee represented the buyer.
GREENSBORO, N.C. — Durham, N.C.-based The Dilweg Cos. has purchased the 332,934-square-foot South Elm Center from the Lincoln Financial Group for an undisclosed price. The 13-building office park spans 28.93 acres of land near Interstates 40 and 85 in Greensboro. Amenities include high ceilings, heavy-load flooring and freight docks. The property is 92 percent occupied by Werner Co., Verizon, Professional Presort, Specialty Products and Lincoln Financial.
COLUMBIA, S.C. — The Miller-Valentine Group has broken ground on the 176,400-square-foot Midway Logistics warehouse. The property sits in the Lexington County Industrial Park, located at the intersection of Interstates 26 and 77 in Columbia. The facility’s anchor, JanPak, will occupy 50,400 square feet of space. Facility amenities include energy-efficient T-5 lighting, an ESFR sprinkler system and a clear height of 28 feet.
WASHINGTON, D.C. — Chicago-based Lillibridge has purchased two medical office buildings in Washington, totaling 101,000 square feet, from Ascension Health System for an undisclosed amount. The 69,000-square-foot DePaul Professional Building and the 32,000-square-foot Providence Medical Building are both located on the Providence Hospital campus at 1160 Varnum St. N.E. During the next 12 to 18 months, Lillibridge plans a major remodel to the buildings.
NASHVILLE, TENN. — Warren D. Smith, III, a more than 20-year industry veteran, has joined Nashville Commercial|Cushman & Wakefield Alliance as CEO and shareholder. He previously served as principal of Mid South Financial Corp. and will bring the company’s property management services to Nashville Commercial. Smith has no brokerage responsibilities in his new position and focuses on developing the firm’s portfolio and directing growth. Smith will retain his involvement with Q10/Vista Commercial Mortgage Group, cultivating its relationship with Nashville Commercial.