POMPANO BEACH, FLA. — Marshall Smith of Thomas D. Wood & Co. has secured a $3 million loan for the 118,217-square-foot Pompano Merchandise Mart industrial project. The three-building property is located at 2099 and 2101 W. Atlanta Blvd. in Pompano Beach. Southern Farm Bureau Life Insurance Co. provided funding for the 5-year, non-recourse loan. The loan carries a 6.5 percent interest rate and a 25-year amortization schedule.
JACKSONVILLE, FLA. — An undisclosed REIT has sold the 208-unit Pinebrook Apartment Homes, located at 7500 Powers Ave. in Jacksonville, to an undisclosed buyer for $7.12 million. The property encompasses 14 two-story buildings. Stewart Weston of Marcus & Millichap’s Long Beach, Calif., office and David Hsieh of the firm’s Jacksonville office brokered the sale.
BELLE GLADE, FLA. — Tilt-Con Corp. of Orlando, Fla., has started work on the 168,646-square-foot Lakeside Medical Center for the Health Care District of Palm Beach County. The 50-acre site is located at the intersection of U.S. 441 and State Road 80 in Belle Glade. Tampa, Fla.-based Skanska USA Building is overseeing construction of the property, which was designed by Hollywood, Fla.-based Gresham, Smith and Partners. The new property will replace Glades General Hospital. Delivery is slated for later this year.
ORLANDO, FLA. — Office Depot has renewed its lease for 252,000 square feet of industrial space with Colony Realty Partners for an undisclosed amount. Terms of the lease were not released. The warehouse is located in Orlando’s Crossroads Distribution Center at 1151 Gills Dr. Matt Sullivan and Wilson McDowell of Colliers Arnold’s Orlando office represented the landlord.
DELAND, FLA. — An undisclosed private investor has purchased a 7,895-square-foot Tire Kingdom store from an undisclosed retail developer for $2.36 million. The property is located at 1615 Woodland Blvd. in Deland. Ryan Butler and Brad Moulder of Tulsa, Okla.-based Stan Johnson Co. represented the seller.
CHESTERFIELD COUNTY, VA. — Ellwood Properties has purchased 4.3 acres of land from Idlewood Properties for $525,000. The land, located in the Waterford Corporate Center at 13506 Tredegar Lake Parkway in Chesterfield County, will be used for a medical office development. H. Merrill Plaisted and Jason Guillot of Thalhimer’s Richmond, Va., office brokered the transaction.
PLANTATION, FLA. — Orlando, Fla.-based Tilt-Con Corp. has broken ground on a 105,750-square-foot Kohl’s department store in Plantation. The two-story building, which is being constructed to achieve LEED certification, is located at 801 S. University Dr. Longwood, Fla.-based J. Raymond Construction is leading the project, and Cleveland-based Richard L. Bowen + Associates designed the building. Delivery is set for March.
LAKE CHARLES, LA. — Raintree Investment Corp. Thirteen has borrowed a $4.53 million refinance loan for its 172-unit Whispering Pines Apartments in Lake Charles. The loan carries a 6.25 percent interest rate and a 40-year amortization. With the loan, Raintree made $90,000 worth of upgrades to the 127,680-square-foot property. Love Funding secured the HUD loan.
TUPELO, MISS. — A private investor has purchased a 19,000-square-foot Tractor Supply Co. store from an undisclosed seller for $2.28 million. The property spans 2.68 acres at 850 Symphony Lane in Tupelo. Tulsa, Okla.-based Stan Johnson Co.’s Jerry Hopkins and Ken Hedrick represented the buyer. Nashville, Tenn.-based Calton Realty Advisors’ Bob Calton represented the seller.
ATLANTA — The Durham, N.C.-based architecture firm The Freelon Group has been selected to partner with Atlanta-based HOK to serve as the architect of record for the $125 million Center for Civil & Human Rights. The 100,000-square-foot property, located at the intersection of Ivan Allen Boulevard and Centennial Olympic Park Drive in Atlanta, will feature museum exhibits spanning from the pre-Civil Rights days to the modern struggle for equal opportunity. The Freelon Group’s design was picked by the center’s board of directors from a finalist panel of five renderings. The selection took into account functionality, aesthetics, cost and public feedback. Groundbreaking is scheduled for this winter, and the center will open in 2012.