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ATLANTA — With 60 new stores in development in North Georgia, SUBWAY Restaurants has announced plans to open at least seven locations in emerging southwest Atlanta submarkets within the next 8 months, including Northside Drive, Sandtown Crossing, Bolton Road and Greenbriar Mall locations. “We have seen the plans presented by the Atlanta Development Authority and feel the city is serious about redeveloping these corridors,” says SUBWAY development agent Joseph Hart. “We want to be a part of the revitalization effort and support the local communities we serve. Being here at the front end of that gives us a competitive advantage. We encourage other retailers to take a look at these areas and join us.” On April 5, a renovated store will reopen at 2151 Campbellton Road, a corridor currently experiencing retail leakage of more than $200 million due to the lack of retail quality and variety. SUBWAY prefers locations near MARTA (Metro Atlanta Rapid Transit Authority) stations, due to the significant number of employees and customers that rely on public transit, and also looks for sites near schools and in stable neighborhoods. In addition, SUBWAY will roll out several non-traditional units located inside gas stations. The sandwich chain’s growth strategy …

FAIRBURN, GA. — USAA Real Estate Co. and Industrial Developments International (IDI) will develop a 1,145,378-square-foot distribution warehouse for The Clorox Sales Co. in Fairburn. Located within the Southcreek Industrial Park off Interstate 85 south of Atlanta’s Hartsfield-Jackson International Airport, the property will be owned by US Industrial REIT III Distribution, an affiliate company of USAA Real Estate, when completed in February 2011. The Clorox Sales Co., a subsidiary of consumer-product manufacturer The Clorox Company, signed a 10-year lease on March 20 for the massive cross-docked facility, which will feature 164 docks, 328 trailer storage spaces and an additional 223 auto spaces. The distribution warehouse will be situated on approximately 72 acres in the south Atlanta submarket, the city’s second largest in terms of distribution space. “Selecting outstanding and easily accessible sites makes sound business ventures for all parties involved,” says Pat Duncan, chairman and CEO of USAA Real Estate Co. USAA Real Estate recently signed a 10-year lease agreement with Clorox at its Redlands, Calif., location, and is developing a similar build-to-suit property for the Oakland, Calif.-based company in Chicago. Also, USAA Real Estate and IDI recently collaborated on a build-to-suit development in Columbia, S.C., for The Home Depot. …

NEW YORK CITY — The New York City Housing Authority (NYCHA) has closed on a financing package totaling approximately $400 million that will be used to renovate and modernize more than 20,000 units of public housing throughout New York City. The deal included private financing, low-income housing bonds, state funds and funds from last year's American Recovery and Reinvestment Act. A primary component of the financing package is the approximately $108 million in stimulus funds that will be used for the projects. Because of the complicated prerequisites related to receiving stimulus funds for public housing construction projects, NYCHA had to transfer ownership of the 21 public housing communities to be renovated to two limited liability companies. NYCHA will manage both companies. Other investing partners in the limited liability companies include Citigroup and the New York City Housing Partnership. Citigroup will play an important role in the renovation projects, contributing approximately $209 million in financing for the project. In return, the lender will be the recipient of low-income housing tax credits related to the renovations as well as help satisfy its obligations under the Community Reinvestment Act. Other investments include $42 million from the state of New York and $50 million …

KIRKWOOD, MO. — Paric has been selected as the general contractor for Aberdeen Heights Senior Living Community, a new independent and assisted living senior facility located in the St. Louis suburb of Kirkwood. The $179 million project will be located on 17 acres at the former St. Joseph Hospital campus. It will contain 243 independent living apartments, 30 assisted living apartments, 15 memory-support apartments and a health center that will contain 34 private skilled nursing rooms and four semi-private skilled nursing rooms. Amenities at the project will include restaurant-style dining, a fitness center with an indoor pool, a creative arts area, a media room and a clubroom. Construction of the community will begin in May, following demolition and abatement of the existing hospital campus, which is being completed by Environmental Operations, Inc. Move-ins for the independent living units will begin in September 2011, with the rest of the project being completed later that year. The owner and operator of Aberdeen Heights is a joint venture between Ashfield Active Living and Wellness Communities, Inc. Greystone Communities will serve as development consultant. Assisting Paric in the construction of the facility will be Wauwatosa, Wis.-based AG Architecture. — Coleman Wood

BOSTON — New Boston Fund has sold the One Brigham Circle mixed-use complex in Boston to AEW Capital Management. Developed in 2003 by New Boston and joint venture partners NDC Development Associates and Mission Neighborhood Housing Services, One Brigham Circle is a 200,000-square-foot complex located in the city's Mission Hill neighborhood. It consists of office and retail space as well as a parking garage and a 5.5-acre park. Partners HealthCare Systems is the primary tenant of One Brigham Circle, occupying 123,000 square feet of office space on a long-term lease. Partners is a group of teaching hospitals affiliated with nearby Harvard Medical School and Brigham Women's Hospital. Retail tenants at the development include Stop & Shop and Walgreen's. Occupancy was 98 percent at the time of closing. AEW acquired the property on behalf of AEW Core Property Trust. In a statement, Dan Bradley, portfolio manager for the AEW fund, said, “One Brigham represented the rare opportunity to acquire a well-located, infill, Class A asset located adjacent to the supply-constrained Longwood Medical Area. Due to the irreplaceable nature of the asset, the high-quality tenants and the strong submarket, we feel this is an excellent long-term investment for the fund.” The acquisition …

PORT ORANGE, FLA. — CBL & Associates Properties and The Benchmark Group have held the grand opening for The Pavilion at Port Orange, a 415,000-square-foot, open-air shopping center located in Port Orange. Situated on 73 acres of land at the interchange of Interstate 95 and Taylor Road, the property opens more than 92 percent leased. Anchors include Belk and a 14-screen Hollywood Theater. Junior anchors include Homegoods, Marshalls, Michaels, ULTA and PETCO. Other retailers and restaurants include Malibu Beacon Grill, AT&T, Five Guys Burgers & Fries, Trendy Room, Mattress One, Kirkland's, rue 21 and David's Bridal. Above the retail space is more than 34,000 square feet of office space. One of the draws of The Pavilion at Port Orange is a 7-acre lake. Several of the center's restaurants have outdoor seating overlooking the lake. Walking paths, a playground and community green space add to the appeal of the feature. The project also includes some sustainable components, including a reflective roof, native landscaping, energy-efficient lighting fixtures, water-effience irrigation systems and stormwater ponds, and dual-flush toilets. “We are thrilled to officially open The Pavilion at Port Orange, which will not only provide the area with an outstanding retail, dining and entertainment destination, …

COLUMBIA, S.C. — Miller-Valentine Group has broken ground for the newest building within Columbia's Lexington County Industrial Park. The company will develop a new build-to-suit distribution facility for Republic National Distributing Co. (RNDC), the nation's second largest wine and spirits distributor. The distribution facility will total 206,500 square feet.Ę In addition to warehouse space, it will contain 20,000 square feet of office, conference and training space. The building will serve as the distributor's new South Carolina headquarters, replacing a smaller facility it currently occupies less than a mile away. It is expected to be operational by September. For Miller-Valentine Group, the announcement of this build-to-suit represents the third big tenant to come to Lexington County Industrial Park in the past year. What we're seeing is a return on our investment in the park, says Derek Mathis, a developer with Miller-Valentine. Five years ago, Miller-Valentine invested in the struggling industrial park with the intention of turning it into a Class A property. It partnered with the park's owners and became the preferred developer, which has allowed Miller-Valentine develop the park to its specifications and control the quality of new projects within it. And companies have taken notice. Husqvarna occupies a majority …

SANTA MONICA, CALIF. Ń Holliday Fenoglio Fowler (HFF) has worked on behalf of The Lionstone Group to arrange $85 million in acquisition financing for Lantana Media Campus, a 462,429-square-foot, Class A office campus located in Santa Monica. The collateral for the fixed-rate loan consists of four of the campus' five buildings: the 203,102-square-foot Center Building, the 131,242-square-foot South Building, the 65,998-square-foot IMAX Building and the 62,087-square-foot West Building. The campus is situated on 12 acres along West Olympic Boulevard. Houston-based Lionstone acquired the campus from Maguire REIT in an all cash-transaction that closed in December 2009. Colby Mueck and Scott Galloway of HFF's Houston office partnered with Mark Wintner of the firm's Los Angeles office negotiated the loan through Hartford, Conn.-based Cornerstone Real Estate Advisors. The Lantana Media Campus is positioned in the heart of the media and post-production entertainment world and has historically exhibited strong occupancy and cash flow, said Mueck, in a statement. The acquisition compliments Lionstone's portfolio in the submarket, which now exceeds 650,000 square feet. Ń Coleman Wood

STAMFORD, CONN. Ń Proctor & Gamble has disposed of a 32.68-acre industrial and office campus located in Stamford that formerly served as the headquarters for its Clairol subsidiary. The campus, which is located just off Route 1 near Interstate 95, contains approximately 700,000 square feet of office, research and development, manufacturing and distribution space. Clairol first moved into the campus in 1968, but Proctor & Gamble recently decided to relocate the division's manufacturing operations to Mexico and its staff to offices in Cincinnati; Danbury, Conn.; and Woodlands Hills, Calif. Charles Hoffman III of Cushman & Wakefield represented Proctor & Gamble in the sale. The buyer is a joint venture between affiliates of Steven Wise Associates, Spinnaker Real Estate Partners and the Connecticut Film Center. The partnership plans to reposition the property for single- or multi-tenant occupancy. Leasing will be led by Cushman & Wakefield. Ń Coleman Wood