.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.
HAMPTON, VA. — Virginia Beach, Va.-based John Duffy of Thalhimer, a member of Cushman & Wakefield Alliance, negotiated the sale of the Hampton North II, a 67,749-square-foot, Class A office building. 81st Partnership sold the 6.87-acre property, located at 303 Butler Rd., to Hampton North L.L.C., for $5.1 million.
FLORENCE, KY. — Colliers Turley Martin Tucker (CTMT) has brokered the sale of Houston Lakes Retail Center, a 73,145-square-foot shopping center, located at 77-87 Spiral Dr. in the Cincinnati suburb of Florence, for $5.4 million. The center is shadow-anchored by The Home Depot and Kohl’s, and consists of a 23,500-square-foot Haverty’s furniture store, as well as 49,645 square feet of vacant space formerly occupied by Media Play. Rob Taylor of CTMT represented the seller, Chicago-based 189 Madison Partnership. The buyer was undisclosed.
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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.