CHESTERFIELD COUNTY, VA. — R.E. Michel Co. has purchased a 20,462-square-foot warehouse in Chesterfield County from K.B. Properties for $1.62 million. The property, located at 601 Johnston Willis Dr., will house R.E. Michel’s distribution operations. Gregg W. Beck of Thalhimer’s Richmond, Va., office brokered the sale.
Southeast
BRADENTON, FLA. — A developer based in Pinellas County, Fla., has purchased a 4,160-square-foot CarMax Buying Center from an undisclosed LLC for $1.39 million. Located at 3808 W. 14th St. in Bradenton, the property is an outparcel in Centre Pointe Commons. Michael Jaworski represented both parties in the transaction.
CHESAPEAKE, VA. — David Ching of Marcus & Millichap’s Oakland, Calif., office has represented an undisclosed buyer in the purchase of a 2,563-square-foot Burger King store from an undisclosed seller for $1.31 million. The property spans 1.21 acres at 217 Carmichael Way in Chesapeake.
WASHINGTON, D.C. — Washington-based Hickok Cole Architects is working to complete a design of the NYU-DC center, a new mixed-use New York University building in Washington. The property will be located on L Street and will encompass a lecture hall, seminar rooms, offices and student residences. NYU-DC will house undergraduate Arts and Science programs and satellite facilities for The Brademas Center for the Study of Congress, The Robert F. Wagner Graduate School of Public Service and NYU’s Office of Government and Community Affairs.
TAVARES, FLA. — Longwood, Fla.-based Cotter Ryan Commercial is preparing to break ground on the $4 million Premier Surgery Center in Tavares. Located at the intersection of Vindale Road and S.R. 441, the 20,000-square-foot property will include an ambulatory surgery center and medical office space. Completion is expected later this year.
FREDERICKSBURG, VA. — Sun Group Management has opened its 85-room Country Inn & Suites By Carlson Fredericksburg at 656 Warrenton Rd. The hotel is located off Exit 133 on Interstate 95 in Fredericksburg. Amenities include an indoor pool, a fitness center and a meeting room. Each unit features wireless high-speed Internet access and a 32-inch LCD television.
HAMPTON, VA. — Lumber Liquidators has signed a 100,000-square-foot lease expansion and renewal with an undisclosed landlord for space in a Hampton warehouse. The property is located at 300 W. Park Lane. Michael Shapiro of GVA Advantis’ Newport News, Va., office represented Lumber Liquidators in the transaction, and Clay Culbreth and Stephanie Sanker of the firm’s Norfolk, Va., office represented the landlord.
TAMPA, FLA. — The auto parts distributor Unique Industry Corp. has signed a lease renewal with Duke Realty for 35,540 square feet in its Fairfield IV warehouse in the Fairfield Distribution Center. The nine-building, 999,142-square-foot center is located on Elm Fair Boulevard in Tampa. Unique has resided in the property since November 2003. UGL Equis’ Todd Brandon represented the tenants, and Tim Hain served as in-house representation for Duke Realty.
SANFORD, FLA. — A joint venture between Canadian and Florida-based investors has borrowed a $14.05 million loan for the 356-unit Stonebrook Apartment Homes. The apartment complex, which was completed in 2001, is located at 1000 Stonebrook Dr. in Sanford. The 10-year Freddie Mac loan carries a 5.62 percent fixed interest rate and a 30-year amortization. Dennis Jimenez of CB Richard Ellis’ Orlando office secured the loan.
ROCKVILLE, MD. — Aeras Global TB Vaccine Foundation has completed a 9,000-square-foot tuberculosis vaccine manufacturing facility at its headquarters at 1405 Research Blvd. in Rockville. The multi-million dollar, BioSafety Level 2 facility will be able to produce 200 million doses of tuberculosis vaccine. By producing the vaccine at its own facility, Aeras will help reduce the cost of the new drug.