TAMPA, FLA. — McKibbon Hotel Group has opened the 144-unit Homewood Suites by Hilton Tampa Airport/Westshore at Avion Park Westshore in Tampa. Located at the intersection of Spruce and O’Brien streets, the property includes a fitness center and an outdoor heated pool. Units feature fully equipped kitchens, flat-screen HDTVs and free wireless Internet. The hotel will be managed by McKibbon Hotel Management. The Homewood Suites joins the Hilton Garden Inn and TownePlace Suites by Marriott Tampa Westshore hotels, which are both already open at Avion Park Westshore.
SUNRISE, FLA. — Foxconn Technology Group has leased 42,521 square feet of office space at Corporate Center I, located at 1551 Sawgrass Corporate Parkway in Sunrise. Further details of the 7-year lease were not disclosed. Deanna Lobinsky, Travis Herring and Andrew Ackerman of CB Richard Ellis’ Ft. Lauderdale, Fla., office represented the unnamed landlord. Foxconn was represented by Prudential Realty’s Bill McGee.
MEMPHIS, TENN. — Best Buy has inked a 30,000-square-foot lease to become a co-anchor in Weingarten Realty Investors’ Ridgeway Trace Shopping Center. Further details of the lease were not announced. Located at the intersection of Poplar Avenue and Interstate 240 in Memphis, the 335,000-square-foot center is also anchored by Target. Target is scheduled to open in the spring, and Best Buy will open in spring 2010.
BOCA RATON, FLA. — Office Depot is expected to close 112 underperforming retail stores in North America within the next 3 months. Spanning the country and Canada, the closures include 45 locations in the central U.S., 40 in the Northeast and Canada, 19 in the West and eight in the South. An additional 14 stores will be closed through 2009 as leases expire or lease arrangements are finalized. The company notes that the closures are part of a strategic review, which was released October 29, 2008. The first wave of closures will reduce the company’s North American store base to 1,163. Additionally, new store openings for 2009 have been reduced to approximately 20, down from a previous estimate of 40. This action will reduce total company capital spending in 2009 to $200 million. The company also plans to close six of its 33 distribution facilities in North America.
GEORGIA — Henderson, N.C.-based Barnett Properties is scheduled to deliver four Food Lion-anchored shopping centers in Georgia totaling more than 191,000 square feet next year. A 35,000-square-foot Food Lion will open in Maple Street Commons, located on Georgia Highway 166 in Carrollton, on January 19. Food Lion will open a 34,928-square-foot store in Jackson Street Station, located on Georgia Highway 28 in Newnan, on March 4. The Food Lion at the 49,228-square-foot Sargent Plaza, located on Macedonia Road in Sargent, is slated for an April 15 delivery. A Food Lion will open on September 20 at Grantville Commons, located on Georgia Highway 29 in Grantville.
VIRGINIA BEACH, VA., AND WILMINGTON, N.C. — KeyBank Real Estate Capital has secured $18.3 million in loans for two Oakdale Heights senior housing properties. San Diego-based Pacifica Companies took out a $9.3 million loan for an 86-unit complex in Virginia Beach and a $9 million loan for an 87-unit property in Wilmington. Fannie Mae provided financing.
HAMPTON, VA. — Charleston, S.C.-based Ziff Properties has sold the 48,339-square-foot Coliseum Corner shopping center to Kodiak Properties of Bethesda, Md., for an undisclosed amount. Located at 2165 Cunningham Dr. in Hampton, Coliseum Corner is anchored by Goodwill and Kool Smiles and includes the tenants Nationwide Insurance, CitiFinancial, Weight Watchers, Cosmo Prof and Jackson Hewitt. Chris Read, Mike Burkard, Steve Shields, PK Kamath and Jeff Bloxsom of CB Richard Ellis represented the seller. Kodiak secured in-house representation.
ST. PETERSBURG, FLA. — Boston-based Charles Stark Draper Laboratories has purchased a 41,000-square-foot office building from Oerlikon USA for $7.75 million. The building, located at 10050 16th St. North in St. Petersburg, features 17,000 square feet of Class 100 clean space. Bill Alton and Paula Smith of NAI Tampa Bay brokered the sale, and Cushman & Wakefield represented the buyer.
WINTER SPRINGS, FLA. — The Stiles Corporation is currently renovating the 93,625-square-foot Red Willow Plaza, located at the intersection of Red Bug Lake Road and Tuskawilla Road in Winter Springs. The company has completed the first phase of renovations and has started on phase two, which will be complete in April. The renovation includes re-facing facades, installing towers and repainting buildings. Stiles also recently signed new leases in the property, which is 93 percent leased. Tenants include a 3,463-square-foot SprintCom, a 3,200-square-foot Dominick’s Catering, a 1,878-square-foot Thai Basil, a 1,744-square-foot Dunkin’ Donuts, a 1,688 Christie Dental, a 1,496-square-foot Solutions Wireless and a 1,260-square-foot Chic Salon & Spa.
MIAMI — Orlando, Fla.-based Keene Construction Co. has completed buildings A and B, which total 203,263 square feet, in Woolbright Development’s London Square retail center. The property is located at 13580 S.W. 120th St. T.J. Maxx, Ross Dress For Less, HomeGoods and Famous Footwear anchor the 108,747-square-foot Building A. Building B houses 94,516 square feet of office space.