BOCA RATON, FLA. — Liberty Property Trust has signed lease renewals totaling more than 78,000 square feet for space in the firm’s Boca Colonnade building, located at 777 Yamato Rd. in Boca Raton. Campus Management Corp. has signed a 53,619-square-foot lease. Greg Katz of Studley’s Miami office represented Campus Management in the long-term lease. Verizon Wireless Personal Communications has signed a 25,262-square-foot lease. Keith Edelman and Scott Goldstein of Jones Lang LaSalle’s Miami office represented the tenant.
Southeast
PORT ORANGE, FLA. — The local engineering firm Eastport QLH has purchased a 10,000-square-foot warehouse from Great Falls, Va.-based Environics USA for $925,000. The property, which sits on 1.17 acres of land at 4401 Eastport Parkway in Port Orange, will be used as Eastport QLH’s new headquarters. Paul Partyka of Orlando, Fla.-based NAI Realvest represented the seller.
NORTH LITTLE ROCK, ARK. — Charlotte, N.C.-based Grandbridge has arranged a $21.28 million first mortgage for the 288-unit Lexington Park Apartments, located at 7601 Vestal Blvd. in North Little Rock. The 10-year loan, which was funded by Fannie Mae through its DUS program, carries an interest rate in the mid-5 percent range and a 30-year amortization. The Class A apartment complex features a pool, a recreation area and a clubhouse. David Boerner of Little Rock–based Plunkett Boerner & Associates and Alan Tapie of Grandbridge’s Atlanta office secured the loan.
GAITHERSBURG, MD. — Denver-based Dividend Capital Total Realty Trust has purchased the 232,717-square-foot 270 Center retail property from an undisclosed seller for an undisclosed price. The center, which is currently fully leased, is located at the intersection of Shady Grove and Gaither roads in Gaithersburg. CB Richard Ellis brokered the sale.
FAIRFAX, VA. — Long Island, N.Y.-based Gyrodyne Co. of America has acquired the 58,000-square-foot Fairfax Medical Center from an undisclosed seller for $12.89 million. Located at 10721 Main St. in Fairfax, the property is currently 84 percent leased. The Fairfax Medical Center encompasses two four-story buildings spread across 3.5 acres. Virginia Commerce Bank provided $8 million in mortgage financing.
RICHMOND, VA. — Allied Capital REIT has sold the 146,305-square-foot Midlothian Center to Midlothian Plaza Associates for $7 million. The property, located at the intersection of Wadsworth Drive and Midlothian Turnpike in Richmond, is 57 percent occupied by medical and retail service tenants. Eric Robison, Richard Thalhimer, James Ashby, IV, and C. Lee Warfield, III, of Thalhimer’s Richmond office brokered the sale.
PENSACOLA, FLA. — A privately-owned partnership has sold the 114-unit Veranda senior housing complex to the Rauls family of Georgia, a senior housing owner and operator, for $10.2 million. The property is located at 6982 Pine Forest Rd. in Pensacola. The 143,640-square-foot complex was built in 2004 and is currently 61 percent occupied. CLW Health Care Services Group of Tampa, Fla., represented the seller.
GASTONIA, N.C. — Kevin Jenkins of NorthMarq Capital’s Charlotte, N.C., office has arranged $2 million in bridge financing for Great Circle Properties’ 126-unit Highland Hills Apartments. The complex is located at 1081 Sims Circle in Gastonia. CIBC provided financing for the loan, which is based on a 2-year, interest-only term.
JACKSONVILLE, FLA. — AJC Logistics has leased 52,500 square feet of warehouse space from Cabot Properties for an undisclosed price. The property is located in the Alta Lakes Commerce Center at 11804 Cabot Commerce Circle in Jacksonville. Aaron Zarle of Jacksonville–based Grubb & Ellis|Phoenix Realty Group represented the tenant, and the firm’s John Richardson and Bryan Bartlett, along with JJ Conners of Jax Industrial Management, represented the landlord.
MARYLAND — Rockville, Md.-based Scheer Partners has secured lease renewals for four Maryland biotech companies totaling more than 136,000 square feet. CoGenesys has renewed its 48,000-square-foot lease at 9410 Key West Ave. in Rockville. Robert Scheer of Scheer Partners represented the tenant in the transaction. GenVec has signed a 42,900-square-foot lease with RREEF for space at 65 W. Watkins Mill Rd. in Gaithersburg, Md. Scheer’s Adam Nachlas and Matt Brady represented the landlord. Nabi has renewed its 25,000-square-foot lease at 12276 Wilkins Ave. in Rockville. Scheer and Brady represented the tenant. MedImmune has renewed its 21,000-square-foot lease at 55 W. Watkins Mill Rd. in Gaithersburg. Nachlas represented the undisclosed landlord, and Brady represented MedImmune.