VIRGINIA BEACH, VA. — Lowe’s Home Centers has acquired Giant Square Shopping Center in Virginia Beach, a 155,130-square-foot property, from Giant Square Shopping Center Corp. for an undisclosed amount. The owner plans a new Lowe’s Home Improvement Store, situated on 12.15 acres at 717 Independence Blvd. Gerald Divaris, Alex Divaris and Jason Oliver of Virginia Beach-based Divaris Real Estate represented the buyer in the transaction.
Southeast
ORLANDO, FLA. — Lake Cay Commons, a 108,000-square-foot mixed-use retail project, is set to open in March 2008 at the intersection of Universal Boulevard and Canadian Court in southwest Orlando. It will feature a 13,000-square-foot grocery store anchor, adjacent 13,000 square feet of retail shops, another 42,000-square-foot building with retail shops and second-floor offices as well as outparcels. Newnan, Ga.-based Thomas Enterprises is the developer and J. Raymond Construction is the general contractor.
MIAMI— Boston-based developer E.A. Fish Associates is developing Latitude One, the first Class A office condominium built in the Brickell corridor of Miami. The commercial component of the luxury condominium Latitude on the River, Latitude One is a 24-story ultra modern office building, located at 175 S.W. Seventh St. along the Miami River. Businesses operating out of Latitude One will include trial attorneys Lyons & Lurve and Assist Card of Florida. The tower consists of 231,000 square feet of Class A office space. Designed by Arquitectonica, the mixed-use community will encompass three separate components including the 44-story, 452-unit residential tower; a 10,000-square-foot building housing a retail bank; and Latitude One.
HENRICO COUNTY, VA. — Lee Warfield and Pete Waldbauer of Thalhimer, a member of the Cushman & Wakefield Alliance, have represented Sam’s Club in its purchase of 16.3 acres of land at the intersection of Interstate 64 and Laburnum Avenue in Henrico County. Sam’s East purchased the acreage from Laburnum Associates for $3 million for the development of a Sam’s Club within White Oak Village.
PORT CHARLOTTE, FLA. — Owen-Ames-Kimball Co. has completed construction of Phase I of the Harbor Nissan car dealership building in Port Charlotte. The 36,000-square-foot project includes a showroom with offices and a vehicle service area with 20 work bays. The project is being completed in two phases, which allows the dealership to remain open during construction. Phase II will begin soon and include the demolition of the old building.
SHELBYVILLE, TENN. — First Colony Healthcare has begun construction on a 30,000-square-foot medical office building in Shelbyville. The project is a significant part of the development of the replacement hospital for Bedford County Medical Center, also under construction. First Colony Healthcare is collaborating with Southland Constructors and Thomas, Miller & Partners on this project. Expected to be complete in summer 2008, the facility will feature custom-designed medical practice suites.
FORT LAUDERDALE, FLA. — Construction has completed on Bamboo Flats, a residential community within Flagler Village in Fort Lauderdale. Located along NE 3rd Avenue between NE 7th and NE 8th streets, Bamboo Flats features 57 three- and four-story units, rooftop terraces, 11-foot ceilings, a community swimming pool and two courtyards. Bamboo Flats is one of six communities within Flagler Village, a mixed-use development currently underway. Project partners for Bamboo Flats included owner Flagler Junction LLC, Fort Lauderdale-based Pasquale Kuritzky Architecture and general contractor W.A. Bentz.
DEERFIELD BEACH, FLA. — Panattoni Development is developing two buildings totaling 245,000 square feet in Quiet Waters Business Park in Deerfield Beach. The first building, located at 740 S. Powerline Rd., will offer 23,000 square feet to 150,000 square feet. The second building, located at 750 S. Powerline Rd., will offer 12,300 square feet to 95,000 square feet. The buildings are scheduled to break ground first quarter 2008 with delivery scheduled for third quarter 2008. The 46-acre Class A park features five existing buildings, all 100 percent leased, and offers showroom/warehouse, distribution and light manufacturing space.
ORLANDO, FLA. — Orlando-based Johnson-Laux Construction has completed Great Oaks Village Learning Facility, a $1 million project in Orlando. The 6,000-square-foot facility is situated on the Great Oaks Village campus consisting of seven homes and support facilities at 1718 E. Michigan Street. The campus is home to 84 children who’ve been removed from their homes by the State of Florida due to abuse, neglect or abandonment. Orlando-based KBJ Architects provided architectural services.
VIRGINIA BEACH, VA. — Thalhimer has brokered the sale of One Bowland Parkway in Virginia Beach. Emmaus Way Enterprises acquired the 17,500-square-foot office/warehouse building from One Bowland Parkway LLC for $1.8 million. The property is situated on 1.16 acres at 2401 Bowland Parkway. The owner will operate their company, Triple I Technologies, on the property. Janet Whitbeck and Jennifer Whitbeck of Thalhimer/Cushman & Wakefield brokered the sale.