CHARLOTTE, N.C. — A Charlotte-based investment group has acquired a 101,591-square-foot industrial building from BASF Corp. in Charlotte. Situated on 14 acres, the property is located at 6685 I-85. Fred Waldman and Vern Anderson of UGL Equis represented the seller, Terry Brennan of Trinity Partners served as co-broker, and Claus Partners represented the buyer in the transaction.
COLUMBIA, S.C. — Construction has started on the new regional office for the Veterans Benefits Administration in Columbia. The 116,000-square-foot, Class A office building will be situated on 10 acres on the Dorn VA Hospital campus. It is scheduled to house 500 employees and is scheduled for completion May 2009. Project partners include development and construction firm Miller-Valentine Group, and owner/developer Keenan Development.
JACKSON, MISS. — The Hutting Building has traded hands for $3.05 million in Jackson. Jason and Carol Morehouse acquired the 100,000-square-foot industrial building from Space Point Associates. The property is located at 851-861 Boling St. and is fully leased to Hutting Building Products. Tom Baginski of San Francisco-based NAI BT, represented both parties in the transaction.
HERNDON, VA. — Union Investment Real Estate AG has acquired Woodland Pointe, a Class A office building in Herndon, from Tishman Speyer. The approximately 184,787-square-foot property was completed in January and is leased to Volkswagen of America. The six-story property is situated within Woodland Park, a business park comprising of office space, apartments, restaurants and a hotel.
BALTIMORE — WellDoc Communications plans to relocate their corporate headquarters to the Railway Express Building in Baltimore. The 5,200-square-foot space is located at 1501 St. Paul St. and is currently undergoing a $19 million conversion into a mixed-use development. The finished product will feature 30,000 square feet of office and retail space, and 30 loft apartments. Brad Berzins of NAI KLNB represented the tenant and Lone Azola of O’Connor & Mooney Realtors represented the landlord in the transaction, Railway Express LLC. The technology-based healthcare company was previously located in the Johns Hopkins University Eastern campus.
FAIRVIEW, N.C. — Thomas D. Wood and Co. has secured $3 million in financing for Fairview Crossings Shopping Center in Fairview. StanCorp Mortgage Investors provided the 25-year loan at a fixed rate of 6.10 percent with a 25-year amortization with a loan to value of 70 percent. The 43,120-square-foot, Food Lion-anchored retail center is located at 1350 Charlotte Hwy.
OLIVE BRANCH, MISS. — Crossroads Distribution Center Building F, located in Olive Branch, has gained LEED certification status, making it the largest LEED-certified industrial building in the Southeast. The 800,308-square-foot warehouse and distribution center is situated at the intersection of Polk Lane and Stateline Road within the Crossroads Distribution Center, and was developed by Atlanta-based IDI. The company is also developing Crossroads Building A, a 452,715-square-foot building within the center.
PORT CHARLOTTE, FLA. — The first LEED-certified elementary school in Florida has been completed in Port Charlotte. Fort Myers, Fla.-based Owen-Ames-Kimball Co. provided construction management on the two-story, 112,000-square-foot school. Features include low-VOC (volatile organic compounds) emitting carpet and paint, smart boards, open spaces, natural light, native plant landscaping, preferential parking for fuel-efficient vehicles, and low-flow toilets and sinks. The school was one of three replacement schools built by Owen-Ames-Kimball Co. after being destroyed by Hurricane Charley.
CONCORD, N.C. — The Charlotte, N.C. regional office of Stanley Steemer has acquired 2.5 acres in Concord with plans of developing a satellite facility. The 12,000-square-foot building will be located within the International Business Park at Concord. The company plans to operate 13 trucks from the new facility, which is scheduled to break ground within a year. Anne Johnson of CB Richard Ellis represented the seller, Nolim Group, and Bryan Crutcher, also of CB Richard Ellis, represented the International Business Park in the transaction. Ian Bertolina of Bertolina Commercial Real Estate Services represented Stanley Steemer.
DAVENPORT, FLA. — The second phase of Ovation Town Center in Polk County is underway. Orlando, Fla.-based Cuhaci & Peterson Architects has been awarded the design contract for 60,000 square feet of space. The property is located at the southwest corner of CR 532 and Lake Wilson Road in Polk County. Included in the design is a 45,000-square-foot Publix. A.G. Armstrong is developing the property.
