MIAMI — Fort Lauderdale, Fla.-based Moss & Associates has commenced construction of the 84,670-square-foot Leon Medical Centers-Flagler. The property, located at 150 N.W. 79th Ave. in Miami, will deliver in November. The four-story hospital will exclusively cater to Medicare patients. Coral Gables, Fla.-based MGE Architects designed the building.
PEACHTREE CITY, GA. — GF Capital Real Estate Investment has leased 48,000 square feet in its 91,609-square-foot office building at 700 Westpark in Peachtree City to two tenants. The U.S. Army Reserve Corp. renewed its 31,595-square-foot lease, and General Dynamics renewed its 16,476-square-foot lease. The property is currently 95 percent leased. Michael Lipton of Atlanta-based Colliers Spectrum Cauble and David Strickland of Peachtree City-based Quantum Commercial Real Estate represented the landlord in the transactions. The U.S. Army was represented internally, and Ann Barrett of CB Richard Ellis’ Boston office represented General Dynamics.
DAVENPORT, FLA. — The last wave of retail tenants has taken up residence in the 630,000-square-foot Posner Commons, the retail component of Davenport’s Posner Park mixed-use development. Payless Shoes, GNC, Camille’s Sidewalk Café and the final anchor, Ross Dress for Less, have all opened. Additional anchors and junior anchors in the 80-acre retail development include Best Buy, JC Penney, Belk, Books-A-Million, Target, Staples, PetSmart, Michael’s, Dollar Tree and Dick’s Clothing and Sporting Goods.
MYRTLE BEACH, S.C. — CW Capital has sold the 144-unit Campus Pointe student housing property to Preiss Co. for $6.18 million. The complex is located at 110 Chanticleer Village Dr., near the campus of Coastal Carolina University, in Myrtle Beach. Campus Pointe is currently 50 percent occupied. Jim Sewell and Steve Mack of Hilton Head, S.C.-based Coastal Apartment Advisors represented the seller.
NEW ORLEANS — The discount grocer Save-A-Lot has opened three stores in the New Orleans area at 1841 Almonaster, 2841 S. Claiborne and 3610 MacArthur. The company has hired 100 employees to staff the stores. Save-A-Lot already operates four stores in the area.
ST. AUGUSTINE, FLA. — Orlando, Fla.-based Keene Construction Co. has commenced construction of the 61,000-square-foot Shoppes at Mission Trace. The $6 million property is located at 955 State Road 16 in St. Augustine. Jacksonville, Fla.-based Hallmark Partners is developing the center, which is anchored by a 45,600-square-foot Publix. Orlando-based Cuhaci & Peterson designed the space. Delivery is slated for August.
RINCON, GA. — Bradley Gillis and Tom Knopp of Salisbury, Md.-based Sperry Van Ness – Miller Commercial Real Estate has represented both parties in the sale of a 12,000-square-foot CVS/pharmacy for $3.97 million. The newly constructed building spans 1.42 acres in a Wal-Mart Supercenter-anchored development in Rincon.
WESTON, FLA. — The local private investor Westin Holdings II has sold the 9,547-square-foot Weston Town Center Executive Suites property to Fort Lee, N.J.-based Roned Realty for $2.85 million. The property is located in the Weston Town Center in Weston. Michael Zimmerman and Barry Wolfe of Marcus & Millichap’s Fort Lauderdale, Fla., office represented the seller.
CHARLESTON, S.C. — Indianapolis-based Lauth has completed construction of the 390,180-square-foot North Pointe Building Four in Charleston’s North Pointe Industrial Park. The Class A warehouse is located 4 miles from the Port of Charleston and 5 miles from Interstate 26. Building amenities include 32-foot ceilings and 100 dock doors. North Pointe Four is the first of two new warehouses under construction in the park.
ATLANTA — Atlanta-based Kairos Development Corp. has delivered the 351,373-square-foot Astoria at The Aramore, the final phase to the mixed-use Aramore project. The residential complex spans 1.38 acres in Atlanta and features a pool, a heated spa, a fitness center and street-level retail. New York City-based Real Estate Capital Partners and Pittsburgh-based Flagstar Bank provided funding for the $36 million project.
