LEXINGTON, KY. — Chicago-based Ventas has sold the Samaritan acute care hospital to affiliates of the University of Kentucky for $35 million. The sale of the hospital, which is located in Lexington, includes a 50,000-square-foot medical office building. Both the hospital and the office building were being leased by the university.
NAPLES, FLA. — The Adler Group of Miami has received a $22 million loan for the purchase of two business parks totaling 252,422 square feet. Collier Park of Commerce and Commerce Center encompass 11 buildings near the Naples Municipal Airport in Naples. Financing for the loan was provided by Mercantil Bank of Venezuela. New York-based Cushman & Wakefield Sonnenblick Goldman secured the loan.
SAVANNAH, GA. — Rosemont, Ill.-based McShane Construction has completed the 51,522-square-foot fourth phase of Atlanta-based The Integral Group’s Ashley Midtown project. The phase adds 38 units in 13 two-story and four one-story buildings to the Savannah apartment, townhome and senior-living development. McShane has also constructed a community building, which features offices, a library and clubroom space, on the property. Hansen Architects of Savannah designed the project.
ATLANTA — Design and Production will begin a $10 million renovation to Jimmy Carter’s presidential library, the 24,000-square-foot Carter Center, on April 27. The project, which is being designed by Bethesda-based Gallagher & Associates, will give the museum a new look and highlight new exhibits focusing on the former president’s life after the Oval Office. Funding for the renovation came from private sources. The new museum will open on Carter’s 85th birthday on October 1.
BOCA RATON, FLA. — West Palm Beach, Fla.-based Suffolk Construction Co. has completed the 15,283-square-foot Office Depot Center for Executive Education on the campus of Florida Atlantic University in Boca Raton. The $5.6 million property will be used by Office Depot executives during training sessions and FAU graduate students. The two-story building features a tiered seminar room, meeting rooms, classrooms, study areas and offices. West Palm Beach-based SchenkelShultz Architecture designed the project.
ORLANDO, FLA. — The Pizzuti Cos. will break ground on a 160,000-square-foot office property at 777 N. Orange Ave. in Orlando later this year. The Class A building will be constructed to LEED specifications and will house 10,000 square feet of ground-floor retail space. Orlando-based HuntonBrady Architects is designing the property, and Birmingham, Ala.-based Brasfield & Gorrie will serve as the general contractor. Pizzuti is aiming for a January 2011 completion.
WOODSTOCK, GA. — Marcus & Millichap has brokered a Boca Raton, Fla.-based private investor’s sale of a 115,396-square-foot BJ’s Wholesale Club to an undisclosed party for $16.05 million. The property is located at 105 Long Dr. in Woodstock, just off I-575. Sonny Molloy of Marcus & Millichap’s Atlanta office represented the seller, and Jason Vitorino and Philip Levy of the firm’s Dallas office represented the buyer.
NORCROSS, GA. — Contemporary Marketing Group has signed a 125,000-square-foot lease with ProLogis for space in its 1.1 million-square-foot Atlanta NE Distribution Center in Norcross. With the new lease, the 65-acre park is at full capacity. Tenants include The Home Depot, Konica Minolta, Mygrant Glass Co., Tire Centers and Nippon Express.
FAIRFAX, VA. — Long Island, N.Y-based Gyrodyne Co. of America will purchase the 59,108-square-foot Fairfax Medical Center from an undisclosed party for $13.2 million. The property, which encompasses two four-story buildings on 3.5 acres of land, is located at 10721 Main St. in Fairfax. Fairfax Medical Center is 84 percent occupied by 28 tenants. Gyrodyne anticipates closing on the purchase no later than April 30.
CANTON, GA. — Aurelius Holdings and Canton-based Highridge Partners are predicting a summer completion of the 24,000-square-foot 151 Main. The $5.5 million Class A office building is located in downtown Canton. The property will house office suites and ground-level retail space.