SPARKS, MD. — Fundamental Administrative Services has signed a lease with BPG Investment Partnership VI to occupy a 94,071-square-foot Class A office building. The three-story property is located at 920 Ridgebrook Rd. in Sparks. The company, which is constructing a fitness center in the building, will move into the new space during the fourth quarter. Fundamental will house its consolidated operations in the property, vacating its current location, a 72,406-square-foot office at 930 Ridgebrook Rd. Richie Blue of Timonium, Md.-based Blue & Obrecht Realty represented Fundamental. Hayes Merkert, Athan Sunderland and Danielle Schline of Preston Partners’ Columbia, Md., office represented the landlord.
Southeast
ORLANDO, FLA. — Brandon Kievit of Marcus & Millichap’s Orlando office has brokered the sale of a 23,622-square-foot retail property between two undisclosed parties for $2.35 million. The building is leased to Sunbelt Rental and includes 7.45 acres of land for future development. The property is located at 608 E. Landstreet Rd. in Orlando.
PRINCE GEORGE’S COUNTY, MD. — The Peterson Cos. has sold 15 acres of land in Prince George’s County to Walt Disney Parks and Resorts for $11 million. The land is located in the 300-acre National Harbor area, a waterfront resort that includes six hotels and the Gaylord National Resort & Convention Center. Disney plans to build a stand-alone resort hotel on the land.
PANAMA CITY BEACH, FLA. — Tampa Bay, Fla.-based Hawkins Construction has completed Columbia Properties’ 99,200-square-foot Breakfast Point Marketplace shopping center. The property is located at the intersection of U.S. Highway 98 and Beckrich Road in Panama City Beach. Tenants include Publix and Office Depot.
LOUISVILLE, KY. — Iroquois Gardens New Cut LLC has sold the 156-unit Iroquois Gardens Apartments to two West Coast-based investors, Robt2 Limited and Assured Security Storage, for $5.8 million. The property is located at 518 Iroquois Gardens Dr. in Louisville. Louisville-based PRG Investments’ Fred Sutterlin brokered the sale.
ATLANTA — AECOM, a firm that provides professional and technical support services, has leased 51,337 square feet of office space in One Midtown Plaza, located on Peachtree Street in Atlanta. A remodel of the property was completed in December. The space will house the consolidated operations of several of the firm’s local brands, including Earth Tech, Metcalf & Eddy and DMJM Harris. Tishman Speyer brokered the 11-year lease.
ALBANY, GA. — Marcus & Millichap has brokered the sale of a 2,256-square-foot KFC store between two undisclosed parties for $1.04 million. Located at 1723 E. Oglethorpe Ave. in Albany, the property is surrounded by national fast food chains. John Glass of Marcus & Millichap’s San Francisco office represented the seller, and Ethan Pintard of the firm’s Oakland, Calif., office represented the buyer.
ST. PETERSBURG, FLA. — Marcus & Millichap has brokered the sale of 38th Avenue Medical Center in St. Petersburg for $2.61 million. St. Petersburg-based investors acquired the property from the undisclosed seller. Located across the street from St. Petersburg General Hospital, the 18,204-square-foot property houses nine offices ranging from 1,372 square feet to 2,812 square feet. Jeffrey Spilman and Michael Harris of Marcus & Millichap represented the sellers in the transaction.
GREENSBORO, N.C. — Moses Cone Health System is awaiting state permission for a $208.5 million expansion project that would add 243,107 square feet to the Moses H. Cone Memorial Hospital in Greensboro. If approved, the project would break ground in 2011 and deliver in October 2015. The project, which is centered around the construction of a six-story tower, will also include the renovation of 87,000 square feet of existing space. Sixteen operating rooms on the hospital’s second floor will be expanded and renovated, and additional space will also be added to the emergency department.
COLUMBUS, GA. — West Point, Ga.-based Batson-Cook has completed a 101,800-square-foot expansion to the Cessna Aircraft Co.’s facility in Columbus. The property features 90,000 square feet of warehouse space reserved for manufacturing airplane parts. Also included is 11,000 square feet of office space, which features three offices, a reception area, three conference rooms and a kitchen.