ORLANDO, FLA. — MAS Cos. has purchased the 81,000-square-foot 8350 Parkline Regional Airport Center from West Palm Beach, Fla.-based McCraney Property Co. for $11.25 million. The sale of the Orlando industrial building also included an additional 6.4 acres of vacant land. NAI Realvest’s George Livingston and Christy Alexander represented the buyer, and David Murphy of CBRE Orlando represented MAS Cos.
MCDONOUGH, GA. — CDP McDonough Westridge has sold a 13,813-square-foot CVS/pharmacy to a Hawaiian 1031 Exchange buyer for $6.01 million. The store sits on 1.86 acres of land on Highway 20 West in McDonough. Dan Earles, Mark Cooley and Neal Pringle of Atlanta-based The Shopping Center Group represented the seller. The buyer was represented by Paul Hanna and Shan Gastineau of Jones Lang LaSalle.
MORRISVILLE, N.C. — A 103-room Cambria Suites has opened at the Raleigh-Durham International Airport in Morrisville, marking the 1-year-old brand’s tenth hotel nationwide. The property features 1,800 square feet of banquet and meeting space, MP3 jacks and wireless Internet in each unit and an indoor pool and spa. The building is owned by Carolina Hotels & Resorts, a local developer, and is managed by Alliance Hospitality of Raleigh, N.C.
ORLANDO, FLA. — Roger B. Kennedy Inc. has broken ground on the 32,000-square-foot Lake Nona Village Center, Building 10, located in Orlando. The $2.6 million mixed-use building was designed by Maitland, Fla.-based Charlan Brock & Associates. Delivery is expected next June.
NASHVILLE, TENN. — Nordstrom has delayed opening a 149,000-square-foot store in Davis Street Land Co.’s The Mall at Green Hills until October 2011. The store, which will be Nordstrom’s first in Tennessee, was slated to deliver in October 2010. Located at 2126 Abbott Martin Road in Nashville, the 735,000-square-foot mall is anchored by Macy’s and Dillard’s. The mall also houses Tiffany & Co., Louis Vuitton, Lacoste, Cole Haan, kate spade and J. Crew.
DESTIN, FLA. — Cohen Financial has secured a $26.9 million credit facility for Emerald Grande, a mixed-use development encompassing 48,647 square feet of retail space and 280 condominium units. Located in Destin, the property is anchored by the restaurants Commander’s Palace and Pat O’Brien’s. Howard Taft and Charles Penan of Cohen Financial’s Miami office arranged the financing.
GRIFFIN, GA. — Milner, Ga.-based Ranew’s Cos. has broken ground on a 60,000-square-foot warehouse on Boyd’s Crossing Road in Griffin. The property will serve as a painting facility for Caterpillar, which is located across the street at Green Valley Industrial Park. The $5 million Ranew’s property is expected to create 50 new jobs. Delivery is set for the third quarter of next year.
RALEIGH, N.C. — Trailwood Building has set a first quarter 2010 target date for the 47,000-square-foot Lynden Centre at Crabtree, a two-story retail project in Raleigh. The property will be built on a previously developed site and will be constructed to Gold LEED standards. Lynden Centre’s environmentally friendly features include solar-heated water and solar-generated electricity, a water cistern for irrigation use and a rooftop garden. Construction will commence when pre-leasing reaches 50 percent. Coldwell Banker Commercial TradeMark Properties serves as the property’s leasing agent.
ATLANTA — NorthMarq Capital has expanded its Atlanta Corporate Solutions office by leasing 3,875 square feet in the Byers Engineering Building. The 89,000-square-foot property is located at the intersection of Georgia 400 and Perimeter Highway in Atlanta. NorthMarq’s move was spurred on by the company’s acquisition of ServicExpress, a transaction that added five new jobs to NorthMarq’s Atlanta operations.
BOYNTON BEACH AND HOLLYWOOD, FLA. — Fort Lauderdale, Fla.-based Moss & Associates has completed three school renovations totaling $49.5 million. The firm added 84,745 square feet of space to Forest Park Elementary School in Boynton Beach for $26 million. Classrooms, a cafeteria and a computer laboratory will be housed in the addition. Moss has also finished a 44,086-square-foot renovation to Apollo Middle School in Hollywood. Also in Hollywood, the company completed an 18,484-square-foot project at Boulevard Heights Elementary School. Renovating Apollo and Boulevard cost $13.4 million and $10 million, respectively. Moss will finish a $13.2 million project at Peters Elementary in Plantation, Fla., this month.