HILLSBOROUGH COUNTY, FLA. — Garrison Developer Group of Florida has broken ground on the 351-unit Preserve at Alafia, the first phase of a $100 million mixed-use project. The five-story luxury apartment complex is located on the Alafia River in Hillsborough County and features 3,000 feet of frontage on a wildlife conservation area. The entire mixed-use development is slated to deliver during the summer of 2011.
MOUNT PLEASANT, S.C. — Healthcare Trust of America has executed an agreement to purchase the 60,800-square-foot Medical Center at East Cooper from a subsidiary of Tenet Healthcare for $10 million. The property is located on the campus of Mount Pleasant's East Cooper Regional Medical Center and is 90 percent leased to 16 tenants.
CHESAPEAKE, VA. — A private Virginia-based investor has purchased the 13,559-square-foot Chesapeake Square Shoppes from a private seller for an undisclosed price. The Chesapeake property houses Firehouse Subs, Rita's Ice, Tropical Smoothie and Five Guys Burgers & Fries. Rob Carter, David Webb and Alex Quarrier of Berkeley Capital Advisors brokered the sale along with S.L. Nusbaum's John Litz.
ATLANTA — RREEF has tapped The Shopping Center Group to market its Southeast and Mid-Atlantic portfolio, which totals 2 million square feet. The assignment encompasses 10 retail centers located in the Carolinas, Florida, Georgia and Virginia. The centers have an average occupancy of 94 percent. Two significant Atlanta-area properties include the 207,000-square-foot Providence Square in Marietta, Ga., and the 186,058-square-foot Perimeter Square in Atlanta.
MT. JULIET, TENN. — KHS America has signed a 10-year lease with Panattoni Development Co. for a 100,000-square-foot building at the Beckwith Farms development in Mt. Juliet. The lease includes an option to purchase the property. KHS, a distributor of musical instruments, will move its corporate headquarters from Austin, Texas, to the development. The property will deliver this summer. Dave McGahren of Colliers Turley Martin Tucker and Austin, Texas-based Commercial Texas' Lee Ellison and Dan Meyer represented the tenant. Colliers Turley's Doug Howard represented the landlord.
CARY, N.C. — Marcus & Millichap has brokered the $2.41 million sale of Centrum Station Shopping Center between two undisclosed parties. The 18,001-square-foot retail property is located in Cary. The sale was part of a 1031 exchange. Andrew Margulies of Marcus & Millichap brokered the sale.
JACKSONVILLE, FLA. — Walchle Lear Multifamily Advisors has represented an undisclosed party in its $1.5 million sale of an apartment complex to a private buyer. The 52-unit Jacksonville property was built in 1964. The Florida-based firm's Erik Bjornson represented the seller in the transaction.
GONZALES, LA. — Jackson, Miss.-based MISSCO Corp. d/b/a School Book Supply of Louisiana has signed a 52,620-square-foot lease with Sealy & Co. for space in its Sealy Ashland Distribution Center. The 147,385-square-foot Gonzales property is now 86 percent leased. NAI/Latter & Blum's Ben Johnson represented MISSCO in the lease. Jennifer A. Lee served as in-house representation for Sealy & Co.
LEBANON, TENN. — Deutsche Bank Berkshire Mortgage has secured a $17.8 million construction loan for the 210-unit Callis Hills Apartments. The Lebanon complex will encompass 11 buildings and feature a pool, a fitness center and a tennis court. The HUD loan is insured by the Federal Housing Administration. The 40-year loan has a fixed interest rate.
COLUMBIA, MD. — Martek Biosciences Corp. has signed an 86,367-square-foot lease with Preston Partners for space in a medical office facility. The property is located at 6480 Dobbin Road in Columbia. The lease accounts for renewal and expansion space. Scheer Partners represented Martek in the lease.
