CHESTERFIELD COUNTY, VA. — Virginia T’s has leased 208,000 square feet of industrial space in two buildings, located at 11200 and 11300 Old Stage Rd. in Chesterfield County, from The HNI Corporation. Further details of the lease were not disclosed. Grubb & Ellis|Harrison & Bates’ Stuart Cary and Greg Creswell represented HNI.
FORT LAUDERDALE, FLA. — Altman Development is developing the 279-unit Satori, a luxury apartment community spanning 5.7 acres at 1111 E. Sunrise Blvd in Fort Lauderdale. The project will include 12,149 square feet of retail space and will be built using environmentally-friendly features. Completion of the first phase, which consists of 57 units, is planned for March 2009, and the entire project should deliver late next year.
FREDERICKSBURG, VA. — As part of a $100 million renovation to the 1.3 million-square-foot Spotsylvania Towne Centre, built in 1981 in Fredericksburg, the newly-created Village at Towne Centre will usher in a host of new tenants starting in November. Fink’s Jewelers, Firebirds, Sephora, Coldwater Creek, The Pub, Cache, Bravo Cucina Italiana and Saxon Shoes will all open in the center by spring 2009. In addition, Muvico Entertainment is developing a 12-screen movie theater on the site, and Splitsville will help bring a bowling alley and arcade to the area.
MARYLAND, VIRGINIA AND WEST VIRGINIA — NPC International has acquired 99 Pizza Hut stores located in Maryland, Virginia and West Virginia from Colonial Foods for $81.8 million. The 50 dine-in restaurants, three Pizza Hut/Yum! brand stores and 46 delivery units are located primarily in Virginia. NPC funded the purchase by borrowing against its $75 million revolving credit facility and utilizing $5 million in cash reserves. NPC is the world’s largest Pizza Hut franchisee.
MT. JULIET, SMYRNA AND HIXSON, TENN. — Watkins Retail Group is planning to open three new Publix supermarkets in Tennessee. This month, a 90,640-square-foot store will open in Mt. Juliet Village in Mt. Juliet, and a 73,850-square-foot Publix will also deliver in The Shops at Lee Village in Smyrna. A Publix is set to anchor the 78,490-square-foot Creek Plantation Village, located at the intersection of Hixson Pike and Cassandra Smith Road in Hixson. The Publix, which is slated for delivery on Oct. 8, will be joined by BiBa’s Italian Restaurant, Chloe Salon, Great Clips and other regional and national tenants.
ORLANDO, FLA. — Orlando-based Rhodes+Brito Architects is designing renovations to two area schools worth $31 million. The company will complete a $28 million renovation that adds up to 25 new classrooms at Walker Middle School, located on Lancaster Road in Orlando. Design work will start in October, and construction is slated to begin in early 2010. Rhodes+Brito has also just entered the design phase in the $3 million renovation of Rosemont Elementary School. Construction will start next summer on the building, located off Rose Bay Drive at Rosemont in Orlando.
ORLANDO, FLA. — Lane Florida has broken ground on the 183-unit Montage, a 19-story apartment community located at 101 Lake Ave. in Orlando. The property features 8,000 square feet of ground-level retail space and will be built to silver LEED standards. Amenities include a rooftop 24-hour fitness center, club room and pool. The building, which is expected to deliver in late spring 2010, was designed by Houston-based EDI Architects.
JACKSONVILLE, FLA. — Bryan Bartlett of Grubb and Ellis| Phoenix Realty Group has represented the owner in the sale of a 315,000-square-foot industrial building to Amalfi Capital Group for $6.65 million. The property is located at 1507 Industrial Blvd. in Jacksonville.
MEMPHIS, TENN. — HSA Commercial Real Estate has acquired a 344,400-square-foot warehouse, located at 5321 Shelby Dr. in Memphis, from Crews Inc. in a sale-leaseback transaction. Since the building’s completion in 1986, Crews Inc. has occupied the property and will continue to operate from the facility. The seller was represented by NAI Saig Co.’s Hank Martin.
ORLANDO AND APOPKA, FLA. — San Antonio-based Noah’s Ark Development has commenced construction of two Noah’s Ark Self Storage stores totaling more than 170,000 square feet. Slated for completion in spring 2009, the 645-unit Noah’s Ark Balboa, located at the intersection of Apopka-Vineland Road and Balboa Drive in Orlando, will span 94,000 square feet. The 556-unit Noah’s Ark Rock Springs, located at 837 N. Park Ave. near Rock Springs Road in Apopka, encompasses more than 79,000 square feet and will deliver in early summer 2009. Both stores will feature climate-controlled units, digital video surveillance and glide roll-up doors.