WASHINGTON, D.C. — Washington, D.C.-based National Pubic Radio (NPR) has acquired a 165,000-square-foot historic warehouse building in Washington, D.C.’s NoMa district, from Washington, D.C.-based J Street Development, with an institutional partner, for an undisclosed amount. NPR plans to move its headquarters to the building, with occupancy projected for 2012. NPR will keep the building façade and portions of the structure in place and add a 10-story office tower, slated to begin construction in September 2009. The headquarters will include a 60,000-square-foot broadcast and multimedia operations area and a public space for live shows and events. Vernon Knarr, Art Greenberg, Julie Rayfield and David Perlstein of Studley’s Washington, D.C. office represented the buyer, and the seller was represented by Nick Pappas of Eastdill Secured’s Washington, D.C. office. The property is located at 1111 North Capitol St. N.E.
Southeast
BAL HARBOUR, FLA. — Starwood Hotels & Resorts is developing St. Regis Resorts & Residences, Bal Harbour, a 9-acre, three-tower complex featuring 268 ultra-luxury residences, 37 condo-hotel suites, 183 hotel rooms and 24 St. Regis Residence Club residences. Amenities include a state-of-the-art fitness center and a 12,000-square-foot spa. Construction began this month and is projected to be completed in 2011.
CHAMPIONSGATE, FLA. — N.Y.-based Apollo Real Estate Advisors and Houston-based RIDA Development Corp. are developing a $69 million retail, office and multifamily expansion in the downtown district of ChampionsGate, an 1,800-acre resort-style community. The project will consists of 100,000 square feet of retail and office space and 180 luxury apartments. The lifestyle center will be designed by Atlanta-based Dougherty Design, and The Reserve at ChampionsGate will be designed by Orlando, Fla.-based L2 Studios. Construction is slated to begin in May.
RICHMOND, VA. — Chicago-based The Bond Cos. has acquired Beaufont Center, a 314,898-square-foot shopping center in Richmond, from GSC/Jon Perel, for $17 million. The center is situated on 47 acres at the intersection of Midlothian Turnpike and Chippenham Parkway. The property is anchored by a 169,876-square-foot space, occupied by a division of UPS. Plans for redevelopment are undetermined. Mike Dillon of Marcus & Millichap’s Chicago office, Michael Early of its Williamsburg, Va., office and Matthew Greenspon of its Charlotte, N.C., office were the sole brokers in the transaction.
BUFORD, GA. — Lawrenceville, Ga.-based Brand Properties has developed Buford Village, a 10-acre, mixed-use project in Buford, located at the intersection of Buford Highway and Hamilton Mill Road. The project is comprised of 55,000 square feet of retail, 30,000 square feet of office space and 23 townhomes. One of two outparcels contains The Brand Banking Company. Anchor tenants opening this spring include Bella Vita, a casual Italian restaurant; Bin 33, a wine purveyor; Three Dollar Café; Flying Biscuit Café; and Seven & Co., a member of the Aveda family.
FORT MYERS, FLA. — Intercontinental Hotels Group has opened the Candlewood Suites Fort Myers I-75, a $5 million, 46,000-square-foot property located 5 miles from Southwest Florida International Airport. The hotel contains 80 suites and is owned and operated by S&L Hospitality. Amenities include a 24-hour fitness center, high-speed Internet access and a guest cookout area.
GREENVILLE AND ROCK HILL, S.C. — Charlotte, N.C.-based Carolina Holdco has purchased two apartment communities, Grandeagle and Stones Crossing, in Greenville and Rock Hill, for a total of $10.5 million. Atlanta-based Churchill East sold Grandeagle Apartments in Greenville to Carolina Holdco, for $3.8 million. The multifamily community features 152 garden-style multifamily units. Carolina Holdco acquired Stones Crossing in Rock Hill, a 160-unit, 14-acre garden-style complex, from Stones Crossing LP, an affiliate of Nashville, Tenn.-based Carter-Haston Real Estate, for $6.7 million. Jordan McCarley of Southeast Apartment Partners’ Charlotte office was the sole broker in both transactions.
BRANDON, FLA. — Charlotte, N.C.-based Crescent Resources is developing Crosstown Center, a 260-acre mixed-use development in Brandon, located along Lee Roy Selmon Expressway and Falkenburg Road. Construction of 300 multifamily homes will start this summer, with delivery of the first units in January 2009. The apartments will feature one-, two- and three-bedroom units, ranging from 782 to 1,563 square feet. Candlewood Hotels has acquired a 2.5-acre site in the development for a 100-room hotel, and Lifelink will build a 60,000-square-foot facility. Construction for both projects is slated to begin this year. The development will also include Crosstown Center One, a three-story, LEED-certified Class A office building.
GOOSE CREEK, S.C. — Charlotte, N.C.-based Lincoln Harris, an affiliate of Lincoln Property Company, has acquired 16 acres in Goose Creek, from Charleston, S.C.-based The Daniel Island Company, for Phase 1 of The Market at Carnes Crossroads. The initial $25 million, 150,000-square-foot phase will feature a 48,756-square-foot Harris Teeter grocery store, 60,000 square feet of specialty shops and restaurants, 25,000 square feet of office space and multiple outparcel tenants. The retail-oriented center will be built within Carnes Crossroads, a 2,400-acre master-planned residential community developed by The Daniel Island Company. Erin England of Colliers Keenan’s Charleston office represented the buyer in the land transaction, and the seller was represented by Eric Meyer of Charleston-based Meyer Kapp.
FAYETTEVILLE, ARK. — Intercontinental Hotels Group has opened The Staybridge Suites Fayetteville, a $10 million, 77,273-square-foot hotel, located at 1577 West 15th St. The hotel features 109 suites, meeting space, fitness center and an indoor pool. Construction began on the four-story hotel in September 2006.