LONGWOOD, FLA. — Mr. and Mrs. Bagsiyao of Kissimmee, Fla., have purchased Bethesda at Longwood Assisted Living Care Center, a 90-bed facility in Longwood, from Mr. Neil Buck, for $5 million. The property is located at 480 East Church St. Ken Carriero and Damien Carriero of Marcus & Millichap’s Tampa, Fla., office represented the seller.
Southeast
POLK COUNTY, FLA. — Cuhaci & Peterson Architects is designing two retail centers in Polk County, for Charlotte-based Crosland Co. and A.G. Armstrong, respectively. Crosland Co. is developing a 60,000-square-foot center, featuring a 40,000-square-foot Sweetbay supermarket, at the intersection of Highway 27 and State Route 547. A.G. Armstrong is developing Phase 2 of the Shoppes on the Ridge, which consists of a 40,000-square-foot addition. The property is located at the intersection of Highway 27 and Chalet Suzanne Road.
LONGWOOD, FLA. — Mr. and Mrs. Bagsiyao of Kissimmee, Fla., have purchased Bethesda at Longwood Assisted Living Care Center, a 90-bed facility in Longwood, from Mr. Neil Buck, for $5 million. The property is located at 480 East Church St. Ken Carriero and Damien Carriero of Marcus & Millichap’s Tampa, Fla., office represented the seller.
COLUMBIA, S.C. — Columbia Northeast LLC has acquired Columbia Northeast Shopping Center, a 58,783-square-foot, 10-acre property, from American Spectrum, for $3.2 million. The retail center is located at 9221 Two Notch Rd. Anchor tenants are Big Lots and Dollar General. Woody Sharpe of Columbia-based NAI Avant brokered the transaction.
BOWLING GREEN, KY. — Birmingham, Ala.-based Medical Properties Trust has entered into a definitive agreement to sell the real estate assets of three inpatient rehabilitation facilities to Vibra Healthcare, for $90 million. The properties are currently operated by Vibra, and are located in Bowling Green, Marlton, N.J., and Fresno, Calif. Medical Properties Trust expects to acquire at least $200 million in hospital real estate assets this year.
FORESTVILLE, MD. — A subsidiary of FCP Fund I, has purchased Park Berkshire Apartments, a 598-unit garden-style apartment community in Forestville, for an undisclosed amount. The property consists of 22 three-story buildings situated on 21 acres. The complex is in close proximity to Washington Capitol Beltway and the Suitland Metro Station. Plans for a $14 million renovation are underway.
BOCA RATON, FLA. — REM Management has acquired 7800 Congress Centre, a 40,720-square-foot, Class A office building in Boca Raton, from 7800 Congress LC, for $8.5 million. The property is 61 percent occupied by URS Corp. Scott O’Donnell and Dominic Montazemi of CB Richard Ellis’ Boca Raton office were the sole brokers and exclusively represented the seller.
POLK COUNTY, FLA. — Cuhaci & Peterson Architects is designing two retail centers in Polk County, for Charlotte-based Crosland Co. and A.G. Armstrong, respectively. Crosland Co. is developing a 60,000-square-foot center, featuring a 40,000-square-foot Sweetbay supermarket, at the intersection of Highway 27 and State Route 547. A.G. Armstrong is developing Phase 2 of the Shoppes on the Ridge, which consists of a 40,000-square-foot addition. The property is located at the intersection of Highway 27 and Chalet Suzanne Road.
ALTAMONTE SPRINGS, FLA. — Camden Renaissance, a 578-unit, 23-building multifamily complex in Alamonte Springs, is undergoing a $7.6 million renovation. Construction began in February and is projected for completion summer 2009. Orlando-based Leffler & Heaney is the general contractor.
BUTNER, N.C. — John Nelley and Al Buckley, partners with Nashville, Tenn.-based NWI Limited Partnership, are developing Falls Lake Commerce Center, a 300-acre master-planned business campus in Butner. The property will feature more than 4 million square feet of industrial and retail development. The first phase, Falls Lake II, includes a 150,800-square-foot distribution facility scheduled for completion in September. Site development is also underway for two speculative facilities, totaling 190,000 square feet. The development will offer land parcels, build-to-suits and 50 acres allotted for large box retail. Colliers Pinkard’s Raleigh, N.C., office is marketing the property, located 6 miles from Durham near Interstate 85.