HOUMA, LA. — K Partners Hospitality Group of San Antonio has begun construction on the 144-room Courtyard by Marriott Houma. The $22 million development will be located adjacent to the 100,000-square-foot Houma Civic Center. Hotel features include 7,000 square feet of meeting space, a swimming pool, an exercise room and a business center.
Southeast
ORLANDO, FLA. — Shelton Granade and Luke Wickham of CB Richard Ellis’ Orlando office have represented an undisclosed party in the sale of the 212-unit Promenade Crossing to a private buyer for an undisclosed amount. The Orlando apartment was built in 1997 and is 95 percent occupied.
LAWRENCEVILLE, GA. — Beachwood, Ohio-based Developers Diversified Realty Corp. and Chicago-based Prudential Real Estate Investors have sold the 89,064-square-foot Five Forks Village shopping center to Norcross, Ga.-based Safeway Group for an undisclosed amount. The center, which will be redeveloped, is located at 850 Dogwood Rd. in Lawrenceville. Robert Mahoney of CB Richard Ellis’ Chicago office represented the seller. Phil Ryan of Norcross-based Lavista Associates represented Safeway.
PENDERGRASS, GA., AND ATLANTA — First Industrial Realty Trust has leased 106,000 square feet in its 850,000-square-foot distribution center to Torrance, Calif.-based Kubota Tractor Corp. The property is located at 596 Bonnie Valentine Way in Pendergrass. The company will store equipment and distribute tractors from the facility. Kurt Unger and Craig Viergever of Atlanta-based Bryant Commercial Real Estate Partners, along with Todd Barton and Greg Haynes of CB Richard Ellis’ Atlanta office, brokered the lease. First Industrial has also leased 21,000 square feet of warehouse space to MasTec North America. The property, which is located on Southmeadow Parkway in Atlanta, is now fully leased. Atlanta-based NAI Brannen/Goddard’s Mike Powell and Wilson Covington, Bob Stephens and Randall Bryan of King Realty of Atlanta brokered the lease.
SAVANNAH, GA. — Gulfstream Aerospace has leased 250,800 square feet of warehouse space from Duke Realty Corp. in Savannah. The firm will fully occupy the properties at 194 and 198 Gulfstream Rd. North Point Industrial’s Jeff Jepson and Duke Realty’s Brian Sutton represented the landlord in the transaction. The tenant was represented in house.
ATLANTA — Fr8Auctions.com has purchased a 100,080-square-foot warehouse from Leviton Manufacturing for an undisclosed amount. The property is located on 6.78 acres at 575 Wharton Dr. in Atlanta. King Industrial Realty’s Bradley Bays represented Fr8Auctions.com in the transaction. Gordon Benedict and Chip Craighill of Cushman & Wakefield’s Atlanta office represented the landlord.
NASHVILLE, TENN. — Emdeon has signed a lease with Solomon Airpark for 34,200 square feet of office space in its Airpark Center East property in Nashville. The 15-year lease is worth more than $8.5 million. The tenant plans will use the build-to-suit space, which will be complete by the end of next year, for a data center. Joel McAlister of Colliers Turley Martin Tucker’s Nashville office represented the tenant.
TITUSVILLE, FLA. — Titusville, Fla.-based SBI Leasing has purchased a 10,811-square-foot restaurant from Palo Alto, Calif.-based Sovereign Investment Co. for $1.1 million. The building, which was formerly a Whistle Junction restaurant, is located at 3125 Columbia Blvd. in Titusville. Paul Partyka of NAI Realvest’s Maitland, Fla., office represented the seller.
WINSTON-SALEM, N.C. — Brett Mason of NorthMarq Capital’s Raleigh, N.C., office has secured a $2.68 million loan for the 111-unit Hampton Court Apartments in Winston-Salem. AmeriSphere Multifamily Finance provided funding for the 10-year loan, which carries a 30-year amortization.
BILOXI, MISS. — Hoar Construction will soon start work on a 161,000-square-foot addition to the Department of Veterans Affairs hospital in Biloxi. The addition consists of four operating rooms, 20 patient rooms and seven ICU rooms. Hoar will build the project adjacent to the existing hospital, connecting the new building to the current facility.