BATON ROUGE, LA. — Inland Real Estate Acquisitions has purchased the 156,228-square-foot Siegen Plaza in Baton Rouge from Weingarten Realty Investors for an undisclosed amount. The center, which is shadow-anchored by Super Target, is 98 percent leased. Tenants include Ross Dress For Less, Petco, Rack Room Shoes, Olive Garden and Chick-fil-A.
RICHMOND, VA. — The Democratic Party of Virginia has purchased a 15,000-square-foot office building from Tinsman Holdings for $1.15 million. The property is located at 1710 E. Franklin St. in Richmond. Kathy Ivins and Mac Wilson of Thalhimer’s Richmond office brokered the sale.
NEW ORLEANS — 201 St. Charles Place LLC has purchased Place St. Charles, a 52-story Class A office tower, from the investment partnership of Loeb Partners Realty and J.S. Karlton Co. for an undisclosed amount. The New Orleans property boasts 1.4 million square feet of office space and 58,000 square feet devoted to retail. St. Charles Place LLC will assume an existing loan on the building, which is currently serviced by Wells Fargo. Michael Siegel of New Orleans-based Corporate Realty brokered the sale.
MIAMI — Miami-based Rilea Group’s 1450 Brickell, a 586,000-square-foot office tower in downtown Miami, has achieved LEED Gold pre-certification. When completed in January 2010, the property will feature a slew of environmentally friendly features, including high impact-resistant glass and special parking for fuel-efficient cars. The office project’s electricity will come from renewable energy sources and 75 percent of the construction waste will be recycled. The Weston, Fla.-based Spinnaker Group provided environmental consulting services for 1450 Brickell, and NBWW & Associates of Coral Gables, Fla., designed the building.
VIERA, FLA. — Chicago-based Lillibridge will break ground in February on a 76,000-square-foot medical office building in the 50-acre Viera Health Park in Viera. Completion of the project, which is being built for the non-profit group Health First, is slated for early 2010. The three-story building will feature a comprehensive imagining and diagnostic center. Viera Health Park is home to the 100-bed Viera Hospital and the 70,000-square-foot Pro-Health Fitness Center.
BLUFFTON, S.C. — Hargray Communications has completed a sale/leaseback to Kiawah General Store LLC for a 17,000-square-foot call center building. The property is located at 5 Buck Island Rd. in Bluffton. Michael Carmody of Charleston, S.C.-based CB Richard Ellis Carmody brokered the transaction.
FORT LAUDERDALE, FLA. — Marcus & Millichap Real Estate Investment Services has brokered a Coral Gables, Fla.-based company’s sale of Victory Shopping Center to a Davie, Fla.-based investor for $1.27 million. Located at 3901 S.W. 16th St. in Fort Lauderdale, the 11,350-square-foot center is 100 percent leased. Tenants include Revelation Baptist Church, Smiley Wash Laundry and A Plus Linen Service. Kirk Olson and Drew Kristol of Marcus & Millichap’s Miami office represented both parties in the transaction.
ALABAMA AND FLORIDA — Developer Triple JM has partnered with Southern California-based RedBrick Pizza Worldwide to develop 31 RedBrick Cafes in Northwest Florida and Southern Alabama. Franchises are planned in Destin, Ft. Walton Beach, Pensacola and Tallahassee, Fla., as well as Montgomery and Mobile, Ala. The developments are still in the planning stages.
TOWSON, MD. — General Growth Properties has taken over the management, leasing and marketing of Towson Commons, a 320,000-square-foot mixed-use property. Located at the intersection of York Road and Pennsylvania Avenue in Towson, the center is made up of 100,000 square feet of retail and 220,000 square feet of office space. The owner, Western Development Corp., will soon undertake a multi-million dollar renovation of the center.
NEW ORLEANS — FedEx Freight has purchased two parcels of land totaling 20 acres in James Business Park from Sealy FRLA Land and JII LLC for an undisclosed amount. The land, located on Airline Highway in New Orleans, will be the future site of a cross-dock facility, housing regional operations for FedEx Freight. Dallas-based McMahon Development Group will break ground on the project immediately. JII has also sold 3.48 acres in the park to Inspectorate America Corp. The company is set to break ground on a new laboratory next year. James Business Park, which is owned by both Sealy and JII, spans 200 acres and is home to more than 100 companies.