POINCIANA, FLA. — Kissimmee, Fla.-based Chalifoux Management Group has acquired 37 acres from Avatar Properties for Poinciana Parke, a $100 million, 450,000-square-foot development in Poinciana Office & Industrial Park. The project will feature 150,000 square feet of space for corporate and research offices and an urgent care center and additional medical facilities. The project will also include 300,000 square feet of retail and restaurant space. Construction is slated to begin late this year. The property is located at the corner of Highway 17-92 and Poinciana Boulevard. Chalifoux is also negotiating the purchase of 36 additional acres from Avatar for the development of a $60 million mixed-use project featuring 500,000 square feet of retail office and office warehouse space. The property is comprised of adjacent 23- and 13-acre sites, located north of Highway 17-92 on Poinciana Boulevard.
Southeast
BOWIE, MD. — Chevy Chase, Md.-based JBG Rosenfeld Retail (JBGR) is redeveloping Bowie Marketplace, a 240,000-square-foot center located at the intersection of Annapolis Road and Superior Lane, into a mixed-use center. Main Street Marketplace, the new 185,000-square-foot, LEED-certified development, will be completed in two phases. Phase 1 will include the retail portion, and Phase 2 will focus primarily on the residential component. The retail phase will start construction in 2009, and is projected to be delivered in 2010. JBGR is negotiating with current tenants, Safeway and Rite Aid, to anchor the renovated center with new, prototype stores.
VOLUSIA COUNTY, FLA. — Wyotech has developed a 90,000-square-foot motorcycle and marine repair training school in Volusia County, located 15 miles northwest of Daytona Beach. The building features 12 classrooms, three motorcycle laboratories, a marine motor laboratory, a library and student lounges. Orlando, Fla.-based HuntonBrady Architects designed the facility.
JACKSONVILLE, FLA. — David Hsieh and Mark Prideaux of Marcus & Millichap’s Jacksonville office have arranged the sale of the 192-room Travelodge Inn & Suites in Jacksonville on behalf of the seller, Nilesh Patel, to Kenneth Choi of Los Angeles, for $6.2 million. The buyer was represented by Connie Cho of Coldwell Banker’s Los Angeles office. The property is in close proximity to the Jacksonville International Airport.
HIALEAH, FLA. — L & D Investors has acquired two multifamily complexes, Nina’s Apartments and Queens Apartments in Hialeah, from Samuel and Nina Levy, for $6 million. Nina’s Apartments, a 36-unit complex located at 1288 W. 29th St., sold for $3.1 million. The building features one- and two-bedroom apartment homes. Queens Apartments, a 34-unit community located at 1271 W. 29th St., sold for $2.9 million. Evan Kristol and Still Hunter of Marcus & Millichap’s Fort Lauderdale, Fla., office represented the sellers.
WASHINGTON, D.C. — The U.S. General Services Administration (GSA) has signed a 521,000-square-foot, 15-year lease for the U.S. Department of Justice (DoJ) at Two Constitution Square in Washington, D.C.’s NoMa district, located at 145 N. St. N.E. The DoJ is expected to commence occupancy in second quarter 2010. The move will consolidate its offices, which currently inhabit several buildings. The GSA was represented by Julie Rayfield, Neil Levy, Mett Miller, Rick Barnett and Todd Valentine of Studley’s Washington, D.C. office. The landlord was represented by Darian LeBlanc, Zeke Dodson and Mark Sullivan of Washington, D.C.-based Cassidy & Colliers Pinkard. Constitution Plaza is a 7-acre mixed-use development scheduled to break ground in April. Its first phase will deliver 1.6 million square feet of office, residential and retail space.
GREENVILLE, S.C. — White Horse Plaza LLC has purchased White Horse Plaza, a 170,950-square-foot, 31-acre retail center in Greenville, from White Horse Associates, for $7 million. The property is located at 6119 White Horse Rd., and was 96 percent occupied at the time of sale. Tenants include Dollar General, Fred’s discount store and CitiTrends. Del Creviston of Sperry Van Ness’ Roswell office represented the seller, and the buyer was represented in-house.
BONITA SPRINGS, FLA. — Fort Myers, Fla.-based Waldrop Group has broken ground on Waldrop Center, a 38,500-square-foot, Class A office building in Bonita Springs. The three-story building will contain professional office/medical spaces, ranging from 900 to 5,900 square feet. The property is located at 28100 Bonita Grande Dr., east of Interstate 75.
FORT WALTON BEACH, FLA. — Fort Walton Beach-based Big Dog LLC has acquired Burton Golf Facility, a 109,745-square-foot warehouse facility located at 645 Anchors St., in the Fort Walton Beach Commerce and Technology Park, from Burton Golf, for $5.1 million. The building is comprised of 47,807 square feet of warehouse space, 48,282 square feet of manufacturing space and 13,656 square feet of commercial office space. The seller was represented by Russell Wamble of Destin, Fla.-based Sterling/Chambless.
CHARLOTTE, N.C. — Newton, Mass.-based Northland Investment Corp. has purchased River Birch Phase II Apartments, a 184-unit, 25-acre complex in Charlotte, from St.Louis-based The Michelson Organization, for an undisclosed amount. Community amenities include a resort-style swimming pool, volleyball court, business center and 24-hour fitness facility. Blake Okland of Apartment Realty Advisors’ Charlotte office was the sole broker in the transaction.