SPARTANBURG, S.C. — A private investor based in the Midwest has purchased the 127,426-square-foot CH2M Hill building from an undisclosed institutional investor for $14.65 million. The office building, located at 1500 International Dr. in Spartanburg, is 100 percent leased to the engineering firm CH2M Hill. Tulsa, Okla.-based Stan Johnson Co.’s Craig Tomlinson brokered the purchase, and Doug Connell and Doug Webster of Grubb & Ellis’s Atlanta and Greenville, S.C., offices, respectively, represented the seller.
CONWAY, ARK. — Houston-based Southwestern Energy Co. will break ground on a 100,000-square-foot facility to process Fayetteville Shale early next year. The property, which will be operational by the middle of 2010, is located at TND Partners’ Village at Hendrix in Conway. Southwestern will initially employ 220 workers at the facility with an aim to increase the workforce to more than 400 people.
FORT MYERS, FLA. — Fort Myers-based J.L. Wallace has completed the 30,000-square-foot Park Center medical office complex. The two-building property is located at 8255 and 8267 College Parkway in Fort Myers. Advance Pain Management and Spine Specialist, Southwest Florida Oral and Facial Surgery Center and Center for Surgical Procedures are tenants in the property. Fred Barry, Dennis Tyeryar and Robbyn Spears formed the J.L. Wallace construction team.
LAND O’ LAKES, FLA. — An affiliate of Fort Lauderdale, Fla.-based Stiles Corp. has purchased the 80,000-square-foot Arbor Square at Connerton from an affiliate of Tatone Properties for $17.75 million. The retail center, located on U.S. Highway 41 in Land O’ Lakes, is anchored by a 45,600-square-foot Publix and houses SunTrust Bank. Mark Shellabarger and Dennis Carson of the Tampa, Fla., and Miami offices of CB Richard Ellis, respectively, represented the seller.
ATLANTA — Brasfield & Gorrie has broken ground on a 130,000-square-foot Class A office building in Grove Street Partners’ Gateway Center development near the Hartsfield-Jackson Atlanta International Airport. The office, which represents the first phase in the airport project, will be built to LEED standards. Rule Joy Trammell + Rubio designed the building, and Valdosta, Ga.-based Park Avenue Bank provided financing. Delivery is expected in August. A joint venture between Grove Street and Boston-based Fidelity Investments, the 1 million-square-foot Gateway Center will encompass 400,000 square feet of office space, 60,000 square feet of retail space and two hotels.
ORLANDO, FLA. — Ustler Development will break ground early next year on the 105,000-square-foot GAI Building in downtown Orlando. GAI Consultants has leased 65,000 square feet of space in the property, which is located at 618 E. South St. The company will move into the building in spring 2010 and will eventually employ 200 workers. Baker Barrios Architects designed the building, and Brasfield & Gorrie will serve as the general contractor. GAI, the original owner of the site, sold the property to Ustler for redevelopment and then leased space for a new office. Chris Sproles of CB Richard Ellis’ Orlando office represented GAI in both the lease and the earlier sale.
NORCROSS, GA. — DPR Construction has completed a 45,000-square-foot manufacturing facility for Atlanta-based Suniva. Located in Norcross, the space will be used to produce solar cells and features high-purity water systems, chemical delivery systems and a chemical bunker. The property encompasses 30,000 square feet of industrial space and 15,000 square feet of office space. Rob Noma of the architecture firm Perkins+Will designed the project, which took 16 weeks to complete.
BRUNSWICK, GA. — David Hsieh of Marcus & Millichap’s Jacksonville, Fla., office represented both parties in the sale of the 128-unit Glynn Place apartment complex for $5.4 million. Sale of the property, which is located at 820 Scranton Rd. in Brunswick, came with an 8.61 percent cap rate. Parties involved in the transaction were not disclosed.
DESTIN, FLA. — Regatta Bay Manor and Legacy Apartments have sold the 300-unit Legacy on the Bay apartment complex to GAA Legacy General Partner and GAA Legacy Limited Partner for $27 million. The 332,305-square-foot property sits on 16 acres in Destin. Joshua Goldfarb of Atlanta-based Southeast Apartment Partners brokered the transaction.
BIRMINGHAM, ALA. — Tampa, Fla.-based LVR Real Estate Partners and Birmingham-based Engel Realty have purchased the 276-unit Madison at Shoal Run from G&I III Madison for $16.3 million. The owners will undertake interior and exterior renovations to the property, which is located in Birmingham’s Oak Mountain neighborhood. Engel Realty will serve as the complex’s property manager. CB Richard Ellis brokered the transaction.