FREDERICKSBURG AND RICHMOND, VA. — Liberty Property Trust has recently secured two industrial lease renewals in Virginia totaling more than 215,000 square feet. The Simmons Manufacturing Company has renewed its 128,500-square-foot lease at 9601 Cosner Dr. in Fredericksburg. Brian Witthoefft served as in-house representation for Liberty. Terry’s Tire Town Virginia has re-leased 90,000 square feet at 4501 Carolina Ave. in Richmond. Porter Realty’s Richard Porter represented the tenant, and Brian Felton represented Liberty in house.
Southeast
JUPITER, FLA. — Patrick Madore of Thomas D. Wood & Co. has secured a $5.03 million loan for the Commons at Abacoa II office building. Located at 661 University Dr. in Jupiter, the property encompasses 29,461 square feet. The 10-year loan, which was financed through a regional bank, carries a 6.5 percent interest rate and a 65 percent loan-to-value ratio. The loan also includes a 25-year amortization schedule.
SANDY SPRINGS, GA. — Securus Properties has purchased a 15,000-square-foot REMAX real estate office from MAF 1878 LLC for $3.32 million. The property sits on 2.2 acres at 5163 Roswell Rd. in Sandy Springs. Bruce Propst of Atlanta-based Carter Real Estate represented the buyer, and John DeYonker of Atlanta-based Bull Realty represented the seller.
ORLANDO, FLA. —Emergency Insurance Restoration Services is eyeing an August completion of its 30,000-square-foot Kirkman Plaza shopping center. The $1.25 million property is located at 485 S. Kirkman Rd. in Orlando. Orlando-based Roger B. Kennedy Inc. is serving as general contractor, and the property was designed by CPH Engineers of Orlando.
BONITA SPRINGS, FLA. — Gramercy Capital Corp. has sold a 3,000-square-foot retail property to Lemac for $1.07 million. The building is located at 3250 Woods Edge Parkway in Bonita Springs. Dan O’Berski of CB Richard Ellis’ Fort Myers, Fla., office represented the seller.
CORAL SPRINGS, FLA. — Uniondale, N.Y.-based Arbor Commercial Funding has secured a $38.45 million loan for The Grove at Turtle Run apartment complex. The 510-unit property is located at 3615 Turtle Run Blvd. in Coral Springs. The 10-year loan was financed under the Fannie Mae DUS MBS product line. The loan carries a 5.51 percent interest rate and a 30-year amortization schedule.
MIAMI — Parsons Brinckerhoff will undertake an $18 million improvement project for the Miami-Dade Seaport Department’s 50-acre Miami Seaboard Marine Cargo Terminal. The project is the second phase of a redevelopment plan and includes grading, paving, drainage and lighting work. Parsons Brinckerhoff will begin construction this fall. Completion of the phased project is slated for 2014.
GREENVILLE, S.C. — Donaldson South Distribution has leased 210,891 square feet of industrial space to an undisclosed tenant in Greenville. The property is located at 513 Old Griffin Rd. Laurens C. Nicholson of Greenville-based Bentley Commercial represented the landlord, and Colliers Keenan’s Givens Stewart represented the tenant.
LEXINGTON, KY. — The scented candle manufacturer Scentsy Wickless Candle has signed a lease for 80,000 square feet of industrial space in Lexington. The company will use the space, which is located at 2471 Palumbo Dr., to house 70 to 100 new employees and serve as a distribution center for the East Coast. Bruce Isaac of NAI Isaac Commercial Properties represented the tenant.
COLLEGE PARK, GA. — Greenline Foods, a trimmed green bean producer, has leased 64,030 square feet of warehouse space in College Park. The property, which spans 6 acres with additional room for expansion, is located at 4280 Stacks Rd. The warehouse also includes more than 28,000 square feet of freezer space. Art Murray of Atlanta-based Lavista Associates represented Greenline.