GREENVILLE, S.C. —Schwarz & Schwarz has acquired two warehouses in Greenville, totaling 240,000 square feet, from Greenville-based T. Walter Brashier & Associates, for $6.6 million. Caterpillar has leased the 160,000-square-foot warehouse located along Old Laurens Road, and Human Technologies has leased the 80,000-square-foot warehouse located along Welcome Road. Ford Borders and Grice Hunt of Greenville-based NAI Earle Furman and John Scott of Greenville-based Grubb & Ellis | The Furman Co. were the sole brokers in the transaction and exclusively represented the seller.
PENSACOLA, FLA. — The U.S. Naval Facilities Engineering Command, Southeast, is developing a 150,000-square-foot, 16-acre U.S. Air Force training facility at Naval Air Station Pensacola. The project will include a 100,000-square-foot hanger, 75,000 square feet of hanger space, 25,000 square feet of maintenance space, 24 aircraft sun shelters and a 50,000-square-foot, single-story navigator training facility. The facility will break ground mid-summer and is slated for completion next November. Atlanta-based Opus South and Pensacola-based Whitesell-Green will design and construct the project. Pensacola-based Bullock Tice Associates is the lead project designer.
RIVIERA BEACH, FLA. — Palm Beach Gardens, Fla.-based OMRD is redeveloping Ocean Mall into a $50 million mixed-use development on Singer Island in Riviera Beach. The project will be completed in three phases. Phase 1 will consist of three one-story and one two-story buildings, including several casual restaurants; Phase 2 will include a five-story hotel; and Phase 3 will redevelop the dry sand areas east of Ocean Avenue into tennis/volleyball courts, playgrounds and additional amenities. The Key West and Caribbean-themed development is situated on 10.5 acres and will begin construction this summer. Catafulmo Construction is the general contractor, and Richard Jones Architecture is designing the project.
COLUMBIA, MD. — Columbia-based Oekos Management Corp. has acquired Rivers Corporate Center, a 280,000-square-foot, nine-building business park in Columbia, from Rivers Center, a group of Howard County, Md.-based investors, for $44 million. The office/research and development buildings are located along Guilford and Old Columbia roads, near the intersection of Route 32 and Route 29, and were 93 percent leased at the time of sale. Tenants include United Healthcare, Applied Data Systems, Staples and St. Agnes Healthcare. Don Schline and Liz Martin of Manekin’s Columbia office were the sole brokers in the sales transaction. Manekin will also serve as leasing agent.
VIRGINIA BEACH, VA. — Pembroke Associates No. 3 is developing Corporate Center VI, a 60,000-square-foot, three-story Class A office building in the central business district of Virginia Beach. The project is located adjacent to Thalia Creek on a 6-acre land parcel. Construction is scheduled for completion in August. Southern Trust Mortgage has leased 14,819 square feet of office space.
BRUNSWICK, GA. — Liberty Harbor LLC has begun vertical construction on Liberty Harbor, a $2 billion, 155-acre waterfront development in Brunswick. The project will feature 2,400 residences, 300 home sites, a 450-wet slip marina, a boardwalk and a yacht club.
MIAMI — Dubai-based Nakheel Resorts has invested $375 million in exchange for a 50 percent interest in Fontainebleau Miami Beach Hotel, to form a joint venture with Las Vegas-based Fontainebleau Resorts. The hotel property will undergo a $500 million renovation, which is expected to open the second half of this year. The hotel is situated on 17 oceanfront acres and will feature 1,500 guest rooms and suites, a 40,000-square-foot spa, multiple marquee restaurants, a nightclub and ultra-lounge, a lush poolscape and 200,000 square feet of meeting, convention and ballroom facilities.
CHARLESTON, S.C. — The Medical University of South Carolina has opened Ashley River Tower, a $275 million, 641,000-square-foot state-of-the-art hospital specializing in cardiovascular and digestive disease in Charleston. The facility is comprised of a four-story diagnostic and treatment building, a seven-story patient hospitality tower and a garden atrium that connects the two buildings. The project is the first phase of the hospital’s expansion plan and features 156 beds, nine operating rooms and family lounges on each floor. Construction began in October 2004 and was completed this February. New York-based NBBJ was the project architect.
MIAMI — Florida International University broke ground on the College of Nursing and Health Sciences Building, a $34 million, 140,000-square-foot interdisciplinary sciences building in Miami. The five-story building will include two 300-seat auditoria, a 90-seat classroom, two 60-seat teaching classrooms and instruction and research lab environments. HOK Florida is the project architect. Construction began this month and is slated for completion next November.
FAYETTEVILLE, GA. — Morristown, N.J.-based Lamar Companies has acquired Banks Crossing Shopping Center, a 256,930-square-foot property in Fayetteville, from Birmingham, Ala.-based AIG Baker, for $23 million. Tenants include Kroger, JC Penney, Guitar Center and Farmer’s Home Furniture. Joe Montgomery and Tony D’Ambrosio of Colliers Spectrum Cauble’s Atlanta office represented the buyer in the transaction.