WASHINGTON, D.C. — An office building at 1718 Connecticut Ave. in Washington, D.C., has sold for $14.4 million. Richard McBride and Roy Ayers of McBride Real Estate Services Inc. represented both the seller, PRI Inc., and the buyer, an entity operated by telecommunications executive Dave Schaeffer. The 47,569-square-foot office building was built in 1982 and is fully leased. Tenants include the law firm of Katz, Marshall & Banks, Policy Study Associates, Electronic Privacy, and Martell & Associates.
Southeast
YORK, S.C., AND ATLANTA — Blanchard Real Estate Capital has acquired a 152,000-square-foot Walmart Supercenter at 970 Liberty St. in York. Joe Montgomery and Tony D’Ambrosio of Colliers International represented the unlisted seller. Blanchard has also acquired the former State Bank and Trust at 4241 Roswell Rd. in Atlanta. The 7,300-square-foot building is an outparcel to Chastain Square Shopping Center, which is anchored by Publix. The company plans to redevelop the former bank.
ATLANTA — Mark Sixour and Bill Ireland of HFF have arranged a $20.6 million in refinancing for Parkwood Plaza, a 210,919-square-foot Class A office building in Atlanta. The 10-year, fixed-rate securitized loan was secured through The Goldman Sachs Group Inc. Parkwood Plaza is located at 1300 Parkway Circle in Atlanta’s Cumberland/Galleria submarket.
ANDERSON, S.C. — Brad Walker of Grandbridge Real Estate Capital has closed a $3.1 million first mortgage loan for Anderson Crossing Apartments, a 152-unit multifamily community in Anderson. Fannie Mae provided the funding for the 10-year fixed-rate loan, which features a 30-year amortization.
SILVER SPRING, MD. — Social & Scientific Systems Inc. has renewed its 88,230-square-foot, long-term lease at Silver Spring Plaza at 8757 Georgia Ave. in Silver Spring. Jim Cahill, Joe Judge and Bob Shue of Jones Lang LaSalle represented the tenant, and Marc Witowski of WPC represented the landlord, Washington Property Co.
OVIEDO, FLA. — Central Florida Regional Hospital, an affiliate of Hospital Corp. of America, has broken ground on a $9.7 million freestanding emergency department on 26 acres at the intersection of Red Bug Lake Road and State Road 417 in Oviedo. The 11,000-square-foot, state-of-the-art satellite facility will operate as a full-service emergency room providing 24/7 emergency care for both pediatric and adult patients. It will also offer comprehensive emergency services including a dedicated trauma room as well as laboratory and imaging services. The single-story emergency care center will include 12 private patient care rooms, a waiting area, nurse station, restrooms and support areas. It will open next fall and employ 35 full-time staff and four emergency care physicians. Charles Perry Partners Inc. (CCPI) is the healthcare project’s construction manager. CCPI specializes in healthcare, institutional, educational, government and commercial construction.
VIRGINIA BEACH, VA. — Pacolet Milliken Enterprises Inc. and Republic Station LLC have entered into a joint venture to own the new Whole Foods Market in the Hilltop area of Virginia Beach. The 40,000-square-foot freestanding grocery store is located at 1800 Laskin Rd. and opened this past October. The joint venture purchased an ownership interest from the developer, S.J. Collins Enterprises. It is the 14th addition to Pacolet Milliken Enterprises’ grocery store portfolio in the past 26 months.
CHARLOTTE, N.C. — Charlotte-based SYNCO Properties Inc., on behalf of Associated Realty Investors/500 East Morehead Limited Partnership, has sold 500 East Morehead Street, a 43,000-square-foot office building in Charlotte’s Midtown submarket. An entity sponsored by Charlotte-based Beacon Partners acquired the property for $5.25 million. The three-story building was built in two phases in 1960 and 1963. It fronts East Morehead Street adjacent to the Dowd YMCA. SYNCO Properties and its investing partners purchased 500 East Morehead Street in 1982 for $1.3 million. Tim Hose of SYNCO Properties represented the seller, and Mike Harrell of Beacon Partners represented the buyer.
LARGO, FLA. — The 37,574-square-foot Champions Center shopping center has sold for $2.65 million at 3690 E. Bay Dr. in Largo. Mike Milano and Ron Schultz of Colliers International Tampa Bay represented the seller, JPMCC 2005-CIBC13 East Bay Drive LLC. The buyer, Cantor Spellman Family Partnership LLP, represented itself. The center was 66 percent occupied at the time of the transaction. Outback Steakhouse is Champions Center’s major tenant. Other tenants include Kut Doctors Barbershop, Color Pages, Miracle Ear, Vitamin Outlet, Select Staffing, Next Step Rehab, Allstate and West Shore Pizza.
GREENWOOD, S.C. — Greenville, S.C.-based Carolina Holdings has sold the two-tenant Shops at Westwood on Highway 72 Bypass in Greenwood. The property is fully leased to Mattress Firm and Aspen Dental. Carolina Holdings developed the retail property, which is situated in front of Walmart, and will continue to serve as manager on behalf of the new ownership. McMillan Pazdan Smith was the project architect and Caldwell Construction was the general contractor.