KISSIMMEE, FLA. — Supertel Hospitality has sold the 187-room Masters Inn East of Kissimmee to Royal Hotel Group Florida for an undisclosed amount. The property is located 2 miles from Walt Disney World. The buyer, a family investment group, plans to undertake exterior renovations to the property. Mumford Co. represented Supertel in the transaction.
FORT LAUDERDALE, FLA. — AT&T has signed a 110,477-square-foot lease renewal with New Boston Fund for space in the 413,390-square-foot AtlanTech Tower. AT&T currently occupies 25 percent of the Fort Lauderdale property, which also houses CompHealth Group, the corporate offices of Whole Foods Market and Alere. Rick Widerman of Jones Lang LaSalle’s Philadelphia office represented the tenant; Alice Lucia and Sandra Anderson of the firm’s Fort Lauderdale office represented the landlord.
TAMPA, FLA. — Tampa-based Monroe & Giordano has secured a $6.8 million loan for the 155,837-square-foot Westport Storage and Office/Warehouse. The 351-unit property, located on Williamson Boulevard in Tampa, was built in phases from 2000 to 2004. A national lending source provided financing for the permanent loan.
GEORGIA — Sea Island Co. has enlisted Cushman & Wakefield to sell three parcels of land totaling nearly 18,000 acres in Georgia. The firm will market a 7,820-acre parcel zoned for 800 acres of commercial space in Brunswick, Ga. Also for sale is more than 10,000 acres in Camden County, Ga., some of which is zoned for commercial and industrial uses. Finally, a 130-acre parcel on Georgia’s coast is looking for a buyer. Ron Willingham, Matt Hawkins and Pierce Owings of Cushman & Wakefield’s Atlanta office will partner with Savannah, Ga.-based Gilbert & Lattimore to sell the land.
HICKORY, N.C. — Ollie’s Bargain Outlet has opened a 40,000-square-foot store at Valley Crossing shopping center, marking the brand’s 80th location. The property is located at the intersection of Route 70/Route 321 ant 21st St. SE in Hickory. Ollie’s deals in closeout, surplus and salvage merchandise.
BRADENTON, FLA. — CB Richard Ellis has brokered the sale of the 226-unit Manatee Woods multifamily complex between two undisclosed parties for an undisclosed amount. Located in Bradenton, the 16-year-old property is 92 percent occupied. Shelton Granade, Luke Wickham, Jim Bobbitt and John Selby of CB Richard Ellis represented the seller.
TEMPLE HILLS, MD. — NorthMarq Capital has secured a $6.4 construction loan for a 1,000-unit Beech Road Self Storage store to be built in Temple Hills. A national bank financed the loan. Gary McGlynn and Jason Smith of NorthMarq Capital’s Washington, D.C., office arranged the loan.
ROCK HILL, S.C. — Alliance Plastics of Fort Mill, N.C., has leased 106,880 square feet of industrial space from Cleveland-based Weston Inc. Located in the 590,000-square-foot Weston Commerce Center at 2700 Commerce Dr. in Rock Hill, the property will house the firm’s production and warehousing operations. Legacy Real Estate Advisors represented the tenant. Piedmont Properties|CORFAC International’s A. Scott Hensley and Lester Osborn represented the landlord.
CUTLER BAY, FLA. — East Ridge Retirement Village Inc. is redeveloping 125,000 square feet of the 78-acre East Ridge Retirement Village. The property is located at 19301 SW 87th Ave. in Cutler Bay. The old space will be demolished and replaced by 334,000 square feet of high-tech independent and assisted-living facilities. The project is being designed to LEED standards.
MURFREESBORO, TENN. — On behalf of the retailer Vitamin Shoppe, Nashville, Tenn.-based Baker Storey McDonald Properties has purchased the note for an 8,800-square-foot retail property from a local bank. Located near the intersection of North Thompson Lane and Medical Center Parkway in Murfreesboro, the property was in danger of foreclosure. Baker Storey plans to invest a total of $2.5 million into the space, an amount that includes the purchase price and renovation costs. The tenant will open its doors in early 2011.
