FORT LAUDERDALE, FLA. — In-Rel Management has opened Courthouse Place, a 65,000-square-foot boutique office building in Fort Lauderdale. The eight-story, Class A property is located at 12 SE 7th St. and features a bank branch with drive-thrus. Available space ranges from 1,000 square feet to 42,000 square feet. Deanna Lobinsky, Travis Herring and Andrew Ackerman of CB Richard Ellis’ Fort Lauderdale office will handle the leasing and marketing of the property on behalf of the landlord, In-Rel Management.
Southeast
NAPLES, FLA. — Bonita Springs, Fla.-based Heatherwood Construction Co. is developing the new corporate headquarters for First American Bank in Naples. The Class AAA, two-story property will offer 26,000 square feet of office space. Located in the Marquesa Plaza at 3360 Pine Ridge Rd., additional tenants include Starbucks Coffee, Wireless Toyz and Figaro’s Pizzeria. Hector Vidal and Jeff Wise of Heatherwood will oversee the project, and Sheeley Architects has provided design services. Completion is slated for October 2008.
CENTER POINT, ALA. — Bruno’s Centre, a 119,172-square-foot shopping center in Center Point has been sold for $6.17 million. In-Rel Management, a Florida-based private investor, acquired the property from Center Point Associates. The property, located at 1671-1691 Center Point Pkwy., is 89 percent leased and tenants include Bruno’s Supermarket, Dollar General, H&R Block, Wells Fargo Financial and Sally Beauty Supply. Mark Shellabarger and Matthew Baldwin of CB Richard Ellis’ Tampa office, and Craig Taylor of CB Richard Ellis’ Atlanta office represented the seller. Dan Anderson and Stephen Butler of Birmingham, Ala.-based Engel Realty served as local market advisors.
FORT MYERS, FLA. — Basik Development has begun Phase II of Central Park in Fort Myers. Phase II of the office park project will include adding three more buildings to the existing seven buildings already completed in Phase I. The three buildings will range in size from 3,075 square feet to 4,205 square feet. The site is zoned for 20 office buildings totaling 34,000 square feet to 76,000 square feet. The project is situated on 9.2 acres near U.S. Highway 41 and Daniels Boulevard.
LAUDERHILL, FLA. — CB Richard Ellis has represented L & A Enterprises in the $6.4 million sale of Park Regency in Lauderhill to an undisclosed buyer. The 64-unit, 85-bed assisted living facility, which is approximately 97 percent occupied, is situated on 4.29 acres at 2801 NW 55th Ave. Bruce Gibson and John Mekras of CBRE and Lisa Silvers of CBRE | Melody brokered the sale.
PORT CHARLOTTE, FLA. — Owen-Ames-Kimball has completed construction on Neil Armstrong Elementary School in Port Charlotte. The two-story, LEED certified facility features 112,000 square feet including 41 classrooms and labs, a media center, a dining/multipurpose area and a separate physical education building. This hurricane replacement school also features hurricane resistant window glass and other features. Owen-Ames-Kimball’s project team included Charlie Russell, Vern Koch, Frank Mullins and Frank Bell.
ATLANTA — Hypo Real Estate Capital Corp., a member of Hypo Real Estate Group, has closed a $393 million construction loan for Phase II of 12th & Midtown, a luxury two-tower mixed-use property located at 1075 Peachtree St. in Atlanta. The sponsors of the deal are Daniel Corp., Selig Enterprises and MetLife. The property will consist of a 725,000-square-foot Class A office tower, more than 60,000 square feet of flagship retail space, the 414-room Loews Atlanta Hotel and 60 luxury residences.
LEXINGTON, KY. — Marty O’Connell, Sean Fogarty, Dave Nachison and Matthew Lawton of Holliday Fenoglio Fowler’s (HFF) Chicago office have represented Northwestern Mutual in the $28.5 million sale of The Fountains of Andover, located at 3200 Todds Rd. in Lexington. B&M Management Co. purchased the multifamily property. Completed in 1998, the property features 318 units that average 861 square feet. Amenities include a clubhouse, a business center, a pool, a fitness center, a tennis court and a car wash area.
NEWNAN, GA. — Two Atlanta-based firms, Diplomat Cos. and Kennedy Capital Group, have entered into a joint venture partnership to develop the 1 million-square-foot, $150 million multi-use development known as Newnan Village Crossing on a 125-acre tract in Newnan. The development will consist of three hotels, numerous restaurants, medical offices, an assisted living facility and retail space. Construction will begin by the end of 2007, with the first buildings scheduled for occupancy within 1 year.
DAVIE AND PLANTATION, FLA. — Scott O’Donnell and Dominic Montazemi of CB Richard Ellis’ Boca Raton, Fla., office were the sole brokers in the $21.5 million sale of the 254,076-square-foot Rand Industrial portfolio situated in Davie Park of Commerce in Davie and Plantation Technology Park in Plantation. Matecumbe Capital Management acquired the property from Rand Industrial Realty No. 101, LP. The nine-building portfolio was 91.1 percent occupied at the time of the transaction.