HOLLYWOOD, FLA. — Deerfield Beach, Fla.-based SIKON Construction Corp. has completed a 96,000-square-foot Kohl’s department store. Located at 4999 Sheridan St. in Hollywood, the two-story building was designed by Tulsa, Okla.-based Scott & Goble Architects.
Southeast
HUNTSVILLE, ALA. — Beverly Hills, Calif.-based O&S Holdings has leased a 42,000-square-foot building to The Sports Authority as part of the more than 150,000-square-foot second phase in Huntsville’s Bridge Street Town Centre. The store, located on the corner of Old Madison Pike and Governors West Drive, will open in fall 2009. The new tenant will join a 14-screen Monaco Pictures, a 210-room Westin Huntsville Hotel and 144,000 square feet of office space.
ATLANTA — Hotel Equities has renewed its 3,475-square-foot lease with RB41 PCE for its Atlanta headquarters, located at 41 Perimeter Center East in Atlanta, and is planning this month to start construction on an expansion. By adding 4,282 square feet to its headquarters, Hotel Equities will more than double the size of its offices. CresaPartners’ Ed Riggins represented Hotel Equities in the lease renewal, and Caroline Nolen of Barry Real Estate represented the landlord.
ORLANDO, FLA. — Dennis Carson and George Good of CB Richard Ellis have represented an affiliate of St. Petersburg, Fla.-based The Sembler Company in its sale of the 1.14 million-square-foot Winter Garden Village to an affiliate of Cole Real Estate Investments for an undisclosed amount. The open-air shopping center, located on 161 acres at the intersection of State Road 429 and State Road 535 in Orlando, is anchored by SuperTarget, Lowe’s Home Improvement Warehouse, Best Buy, Barnes & Noble, Marshalls and Staples. Michael Strober of CB Richard Ellis Capital Markets arranged financing for the transaction through Northwestern Mutual.
JACKSONVILLE, FLA., AND MANASSAS AND CHARLOTTESVILLE, VA. — Regency Centers Corp. has contributed three of its properties to Oregon Public Employees Retirement Fund, one of its co-investment partners, in a deal worth $83.4 million. The transaction included the Publix-anchored John’s Creek Center in Jacksonville, a center in Manassas anchored by Shoppers Food Warehouse and Hollymead Town Center in Charlottesville, which is anchored by Target and Harris Teeter.
COLUMBIA, MD., AND BALTIMORE — First Potomac Realty Trust has purchased the six-building, 306,656-square-foot Rivers Park I & II, an office property located on Guilford Road in Columbia, from affiliates of General Growth Properties for $42.3 million. Purchase of the fully-leased building was partially funded by a $28 million loan from U.S. Bank National Association. The 73,456-square-foot Triangle Business Center, a four-building business park located in Baltimore, also changed hands between the companies for $4.5 million in cash. The Triangle Business Center is 68 percent leased.
HUNTSVILLE, ALA. — David Collie of iCap Realty’s Atlanta office has secured a $19 million loan to fund the acquisition of the two-building, 168,000-square-foot Wester Aerospace & Defense office property. Located in the Cummings Research Park in Huntsville, the 22-acre property was acquired in a deal worth $29.3 million.
TAMPA, FLA. — Les Aron, David Goldstein and Dan Wolf have represented both parties in the sale of the 150,210-square-foot Tampa Plaza from a Minnesota investor to a New York-based LLC for $4.41 million. The property, located at 8303 N. Florida Ave. in Tampa, was built in 1968 and is anchored by Kmart.
BALTIMORE — Greenbelt, Md.-based The Bozzuto Group has commenced construction on The Fitzgerald, a mixed-use property featuring 280 apartments and 14,000 square feet of retail, after obtaining $75 million in financing. Bozzuto and its joint venture partners — Gould Property Co., The New York State Teachers’ Retirement System (NYSTRS) and a former Baltimore Raven football player — secured a $52 million construction loan from Bank of America and $23 million in equity from the NYSTRS. The property is located on 4.6 acres in the heart of Baltimore’s cultural district and is expected to deliver in 2010.
SHEPHERDSVILLE, KY. — Charles DeWeese Construction will being site work this month on the more than 1 million-square-foot ZAP/Integrity Automotive Electric Car plant, located on 267 acres in the North Wilkey Industrial Center in Shepherdsville. The plant, which will initially employ 1,250 people when completed, will begin production of three-wheel electric cars by the middle of next year. The building is being constructed to LEED standards and will feature turbine wind machines, roof ventilation and solar panels used to heat water and generate electricity.