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OCALA AND ORLANDO, FLA. — Jay Ballard, Hal Warren and Enon Winkler of Cushman & Wakefield’s Orlando office, along with Byron Moger of the firm’s Tampa office, have negotiated Tarragon Corporation’s $72.9 million sale of two apartment communities to Brookfield Real Estate Management. Deerwood Village, a 328-unit, 37-acre apartment community located at 1850 SE 18th Ave. in Ocala, sold for $32.9 million. Brookfield also acquired the 342-unit, 24-acre Villa Tuscany Apartments, located at 753 Sherwood Terrace Drive in Orlando, for $40 million
JACKSONVILLE, FLA. — Tampa-based Plaza Advisors’ Jim Michalak negotiated the $26.6 million sale of the contiguous Point Meadows and West Point Meadows Shopping Centers to Konover South from Point Meadows, Inc. The 130,000-square-foot shopping center is located at the intersection of Interstate 295 and Baymeadows Road. Tenants include Steinmart, Winn Dixie, Household Finance, Jenny Craig, and Carvel Ice Cream; outparcel tenants include Walgreens, Bank of America and Wendy’s.
ATLANTA — Forest Park/Fort Gillem Local Redevelopment Authority (LRA) have selected Cousins Properties, LNR Property Corporation’s Commercial Property Group and The Benham Cos. as the team for the $750 million redevelopment of Fort Gillem. Approximately, 1,200-acres of the military base will be redeveloped over 10 to 15 years to include 717 single-family and multifamily residences; 435,000 square feet of retail space; more than 1 million square feet of office space; more than 8.2 million square feet of light manufacturing and warehouse distribution space; and more than 200 acres of green space. At completion the project will add 25 to 30 percent more land to the city of Forest Park, Ga., and approximately $243 million in new real property taxes to the area. The project is expected to generate 4,700 new construction jobs and 17,642 permanent jobs.
MIAMI — Christian Lee of CB Richard Ellis’ Institutional Group, Charles Foschini and Christopher Apone of CBREú Melody’s South Florida office and Don Jennewein of the Tampa office represented the seller, Dalfen America, in the $25.8 million sale of InterAmerican Plaza. Miami-based Salgo Investors purchased the 163,129-square-foot office building, which sits atop a four-story parking structure. Centrally positioned between downtown Miami and Coral Gables, the building is 98 percent leased to 37 tenants including South Florida Workforce, Miami-Dade Community College, Healthy Start Coalition, Miami Behavioral Health Center and the Department of Children and Families.
.APOPKA, FLA. — Small Bay Partners will develop the Apopka CommerCenter, a 16-acre small bay industrial facility on Orange Avenue in Apopka. Acquired last December, the site will accommodate 200,000 square feet of industrial space to be subdivided for small businesses that require 2,000 to 20,000 square feet of space. The project will start construction in the first quarter of 2009 and complete Phase I in the third quarter of 2009.