JOHNS CREEK, GA. — Trammell Crow Atlanta Development has broken ground on two 100,000-square-foot medical office buildings in Johns Creek, along West Johns Crossing. The four-story buildings will be situated on an 18-acre site, adjacent to the Emory Johns Creek Hospital. The project broke ground in April and is projected for completion in March 2009. Trammell Crow purchased the site from JC Office, for $8.7 million. Pierce and Bobby Mayson of Atlanta-based Lavista Associates were the sole brokers in the land acquisition.
HILLSBOROUGH COUNTY, FLA. — Crosland will open MiraBay Village, a 31-acre mixed-use center in southern Hillsborough County’s Apollo Beach, this fall. The coastal-themed development is anchored by a 50,000-square-foot Sweetbay supermarket and includes 146,000 square feet of specialty shops, restaurants and office space, in addition to 100 townhomes. Florida-based api(+) was the project architect. MiraBay Village is located on the perimeter of MiraBay, a 750-acre waterfront community, near Tampa, Fla.
HILLSBOROUGH COUNTY, FLA. — Crosland will open MiraBay Village, a 31-acre mixed-use center in southern Hillsborough County’s Apollo Beach, this fall. The coastal-themed development is anchored by a 50,000-square-foot Sweetbay supermarket and includes 146,000 square feet of specialty shops, restaurants and office space, in addition to 100 townhomes. Florida-based api(+) was the project architect. MiraBay Village is located on the perimeter of MiraBay, a 750-acre waterfront community, near Tampa, Fla.
WESLEY CHAPEL, FLA. — Forest City Commercial Development and West Palm Beach, Fla.-based The Goodman Company have signed 42 additional tenants at The Shops at Wiregrass, an 800,000-square-foot lifestyle center in Wesley Chapel, located at the intersection of State Road 56 and Bruce B. Downs Boulevard. The new retailers include American Eagle Outfitters, Barnes & Noble, Coldwater Creek, Fifth Third Bank, Gymboree, Kay Jewelers, Talbots and White House | Black Market. The property is anchored by Dillard’s, Macy’s and JC Penney, and will open in October.
WESLEY CHAPEL, FLA. — Forest City Commercial Development and West Palm Beach, Fla.-based The Goodman Company have signed 42 additional tenants at The Shops at Wiregrass, an 800,000-square-foot lifestyle center in Wesley Chapel, located at the intersection of State Road 56 and Bruce B. Downs Boulevard. The new retailers include American Eagle Outfitters, Barnes & Noble, Coldwater Creek, Fifth Third Bank, Gymboree, Kay Jewelers, Talbots and White House | Black Market. The property is anchored by Dillard’s, Macy’s and JC Penney, and will open in October.
TAMPA, FLA. — American Tire Distributors has signed a 147,197-square-foot lease to occupy Building E at Madison Business Center in Tampa, from Atlanta-based IDI. Rick Narkiewicz negotiated the lease on behalf of the landlord, and the tenant was represented by Texas-based Jackson & Cooksey. American Tire Distributors is scheduled to occupy the state-of-the-art facility this summer, which will triple its capacity in Tampa.
TAMPA, FLA. — American Tire Distributors has signed a 147,197-square-foot lease to occupy Building E at Madison Business Center in Tampa, from Atlanta-based IDI. Rick Narkiewicz negotiated the lease on behalf of the landlord, and the tenant was represented by Texas-based Jackson & Cooksey. American Tire Distributors is scheduled to occupy the state-of-the-art facility this summer, which will triple its capacity in Tampa.
TAMPA, ORLANDO, AND BRANDON, FLA. — Cushman & Wakefield has negotiated two office building sales and a land acquisition in Florida, totaling $43 million. Flagler Development purchased Bridgeport Center, a 170,924-square-foot, nine-story office building in Tampa, from AEW Capital Management, for $29.5 million. The property was 95 percent occupied at the time of sale. The seller was represented by Mike Davis and Rick Brugge of Cushman & Wakefield. Rudnick Development purchased Reflections at Hidden Lake, a 96,322-square-foot office investment property in Orlando’s Lake Mary submarket, from an undisclosed seller, for $9 million. Mike Davis, Rick Brugge and Matthew McKeever of Cushman & Wakefield represented the seller. Life Link Foundation acquired 10 acres at Crosstown Center in Brandon, for $4.7 million. The nonprofit organization will develop offices in the 1.1 million-square-foot mixed-use project, bordered by Lee Roy Selmon Expressway and Highway 301. The buyer was represented by Andy May and Bruce Erhardt of Cushman & Wakefield.
CHATTANOOGA, TENN. — BRT Realty Trust acquired by deed, in lieu of foreclosure, a 308-unit garden apartment complex in Chattanooga, in the accordance with the terms of a “walk-away guarantee” provided by the borrower’s principal. The property had secured a first mortgage loan with an outstanding principal balance of $25.7 million.
ROCKVILLE, MD. — Federal Capital Partners, in partnership with Angelo, Gordon & Co., has purchased The Monterey, a 432-unit, 16-story high-rise apartment community in Rockville. Federal Capital will re-establish the property as a Class A complex through a $17 million renovation. The property was 45 percent occupied at the time of sale, and is located at the intersection of Rockville Pike and Montrose roads.