Southeast

SOUTHEAST CAPITAL PARTNERS TO DEVELOP ATLANTA MULTIFAMILY RESIDENCES

by admin March 31, 2008

ATLANTA — Atlanta-based Southeast Capital Partners is developing Six60 @ Old 4th Ward, a $52 million, four-story multifamily project in Atlanta, located along Ralph McGill Boulevard. The project is situated on 5.3 acres and will contain 301 apartment, loft and townhome units. Amenities include a 2,370-square-foot fitness center, swimming pool, cyber caf and a clubroom. Construction began this month and is projected for completion in 2009. Dallas-based Humphreys & Partners Architects are the project architect, and the general contractor is Atlanta-based Fortune-Johnson General Contractors.

March 31, 2008

ADRIAN DEVELOPMENT TO BUILD LAKEVIEW OFFICES AT DORAL

by admin March 31, 2008

DORAL, FLA. — Adrian Development Co. is developing Lakeview Offices at Doral, a 440,000-square-foot office park in Doral, located at 41st Street and the Florida Turnpike. The project will be LEED-certified and is comprised of 300,000 square feet of Class A office space and 140,000 square feet of retail space. Construction is slated to begin in the fall, with initial occupancy in fall 2009. Andrew Trench and Joyce Alarcon of Miami-based Holly Real Estate/TCN Worldwide are marketing the property.

March 31, 2008

Civic Southeast

POPE & LAND ENTERPRISES ACQUIRES CHARLOTTE COLISEUM

by admin March 31, 2008

CHARLOTTE, N.C. — Atlanta-based Pope & Land Enterprises has acquired the Charlotte Coliseum. The transaction was completed 60 days after Pope & Land Enterprises was chosen by the city of Charlotte as the winning bidder in a unique auction process. Initial plans for the redevelopment include significant greenspace and recreational amenities surrounding new residential, office, retail and hotel developments. Plans include the demolition of the coliseum building in early 2007 with initial groundbreaking to commence afterwards.

March 31, 2008

Industrial Southeast

COLDWELL BANKER COMMERCIAL NRT CLOSES SALE OF LARGE INDUSTRIAL PARCEL

by admin March 31, 2008

BROWARD COUNTY, FLA. — Ron Kent of Boca Raton, Fla.-based Coldwell Banker Commercial NRT has sold 28 acres of land in Broward County for approximately $6.45 million to IDI. The site will be developed into industrial leasing space. The property provides turnpike frontage as well as access to the turnpike, Interstate 95 and the Sawgrass Expressway.

March 31, 2008

Office Southeast

TINDALL CORP. OPENS NEW MISSISSIPPI FACILITY

by admin March 31, 2008

JACKSON COUNTY, MISS. — Spartanburg, S.C.-based Tindall Corp. has opened a $26 million, 165,000-square-foot facility in Jackson County, north of Moss Point, Miss. The project was developed under the GO ZONE law, which provides economic incentives for projects built on the Gulf Coast following Hurricane Katrina. The state-of-the-art facility includes 10,000 square feet of office space. Previously, Tindall operated a plant in Biloxi, Miss., which was damaged by the storm.

March 31, 2008

Southeast

WINDSOR AUGHTRY CO. TO DEVELOP GAINESVILLE HOSPITALITY PROJECT

by admin March 31, 2008

GAINESVILLE, FLA. — Greenville, S.C.-based Windsor Aughtry Co. is developing the Hampton Inn & Suites Ð Downtown Gainesville, a $14 million, 86,000-square-foot property, located at 101 S.E. 1st Ave. The project includes a 124-room hotel and 8,000 square-feet of street level retail. Memphis, Tenn.-based Renaissance Group is the project architect, and the general contractor is Memphis-based Pride Construction. Construction is scheduled for completion in spring 2009.

March 31, 2008

Retail Southeast

JONES LANG LASALLE TO REPOSITION SHANNON MALL

by admin March 31, 2008

UNION CITY, GA. — Greg Maloney, Kristin Mueller and Ed Seikus of Jones Lang LaSalle have been retained by the new owners of Shannon Mall, Shannon Mall Investments, to provide advisory services on the repositioning of the retail property in Union City. Jones Lang LaSalle is responsible for the strategic oversight of repositioning the mall, including identifying a new name; identifying and retaining new merchants, entertainment venues and restaurants; and collaborating with Union City officials in creating a new town center.

March 31, 2008

Industrial Southeast

COLLIERS ARNOLD NEGOTIATES SALE OF FORMER WINN-DIXIE DISTRIBUTION WAREHOUSE

by admin March 31, 2008

BARTOW, FLA. — Edward Miller and Dolores Seymour of Colliers Arnold's Tampa, Fla., office have represented the seller, Wachovia Corp., dba Bartow/PTTA of Charlotte, N.C., in the $1.9 million sale of a former Winn-Dixie distribution warehouse located at 210 Century Blvd. in Bartow. IP 210 Century LLC, represented by Todd Burrows of Coldwell Banker, purchased the 54,565-square-foot facility and its 11.31-acre site.

March 31, 2008

Industrial Southeast

ALABAMA INDUSTRIAL PORTFOLIO SELLS FOR $13 MILLION

by admin March 31, 2008

BIRMINGHAM, ALA. — Florida-based Arcis Investments has acquired a $13 million industrial portfolio in Birmingham, totaling 391,258 square feet. Oxmoor Center is a five-building, 185,000-square-foot property, located along Oxmoor Road. The complex was 87 percent occupied at the time of sale. Oxmoor Industrial is a five-building, 141,758-square-foot office/warehouse property. The complex was 70 percent occupied at the time of sale. 2700 Republic is a one-story, 64,500-square-foot distribution warehouse. The facility was 25 percent occupied at the time of sale. Newton Square, Pa.-based GMH Capital partners represented the sellers in the transaction.

March 31, 2008

Office Southeast

JV ACQUIRES NORTH CAROLINA BUSINESS PARK PORTFOLIO

by admin March 28, 2008

CHARLOTTE AND CORNELIUS, N.C. — Irvine, Calif.-based CIP Real Estate and Baltimore, Md.-based Alex Brown Realty have acquired a business park portfolio, comprised of three properties in Charlotte and Cornelius, from Charlotte-based Beacon Ventures, for $50 million. Coffey Creek International Business Center features 395,989 square feet, and is located at the intersection of Beam Road and Cross Beam Drive in Charlotte. Hickory Grove Business Park is situated on 18 acres and features 12 buildings, totaling 110,017 square feet, in Charlotte. The facility is located along E. WT Harris Boulevard, and was 71 percent occupied at the time of sale. Lake Norman Commerce Center features seven buildings, totaling 91,719 square feet, and is located at the intersection of Catawba Avenue and Liverpool Parkway in Cornelius. The facility is situated on 9.3 acres and was 95 percent occupied at the time of sale. The seller was represented by Ryan Clutter of CB Richard Ellis’ Charlotte office, and the joint venture partners were represented in-house.

March 28, 2008

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