FORT MYERS, FLA. — Two office buildings totaling 18,944 square feet, located at 9351 Corkscrew Rd. and 21105 Design Park Ln. in Fort Myers, have been sold for $1.42 million. Stan Stouder of CRE Consultant's Fort Myers office represented Bank of America, the seller, in the transaction. Stephanie Miller and Bob Muller of Estero, Fla.-based Select Real Estate represented the buyer, First CZ Real Estate.
COLUMBIA, S.C. — Two tenants have signed anchor leases at the 200,000-square-foot Target Center, located on Two Notch Road in Columbia. Dicks Sporting Goods signed a 47,800-square-foot lease and Michaels signed a 23,400-square-foot lease. Michaels opened on Feb. 9 and Dick's is scheduled to open in the summer of 2012. A partnership between Charlotte, N.C.-based Selwyn Property Group, Richardson Properties, Gateway Holding and Return Holdings owns the center, which is currently undergoing redevelopment, and is also slated for completion in summer 2012. Charlotte-based The Navigator Group represented Dick's Sporting Goods in its lease negotiation. Selwyn Property Group represented the landlord.
HANOVER, MD. — The Cordish Co. has topped off the $500 million, 330,000-square-foot Maryland Live! Casino, located at 7002 Arundel Mills Cir. in Hanover. The property will include 4,750 Las Vegas-style slot machines and popular electronics gaming tables, as well as a variety of dining options, eight bars and a 500-seat live entertainment venue. A joint venture between Commercial Interiors and TN Ward is the general contractor for the project, which is slated for completion in summer 2012.
GAINESVILLE, FLA. — Gainesville-based Charles Perry Partners Inc. (CPPI) has broken ground on North Florida Regional Medical Center's $32 million, 116,380-square-foot patient tower, located at 6500 Newberry Rd. in Gainesville. The 92-bed facility will include a state-of-the-art, 12-position Level II Neonatal Intensive Care Unit. Nashville, Tenn.-based Earl Swensson Associates designed the property. In addition, CPPI will renovate 25,106 square feet of space in the cardiology department. A cath lab will be added and non-invasive cardiology, medical records and nuclear medicine will be relocated. Completion is slated for June 2013.
LOUISVILLE, KY. — Stream Realty Partners has acquired the 101,000-square-foot Central Station Shopping Center, located at 3165 S. 2nd St. in Louisville. A 46,000-square-foot Kroger anchors the center, which is currently 85 percent leased to tenants including Starbucks, T-Mobile, FedEx Kinko's, H&R Block, Quizno's, Edward D. Jones, Little Caesar's and Supercuts. The Shopping Center Group has been retained to lease and manage the asset. Craig Collins of Louisville-based Commercial Kentucky represented the seller in the transaction. George Dickinson of Fletcher Bright & Co.'s Atlanta office arranged financing through Birmingham, Ala.-based Protective Life Insurance Co.
DAYTONA BEACH, FLA. — A 10,908-square-foot CVS/pharmacy, located at 1350 Beville Rd. in Daytona Beach, has been sold for $4 million. Leon Brockmeier of Marcus & Millichap's Tampa office represented the seller, a limited liability company from Miami, in the transaction. Patrick Whitney of the firm's Jacksonville, Fla., office represented the buyer, a Colorado-based limited liability company in a 1031 exchange.
ST. ROSE, LA. — Delta Petroleum Co. has signed a 220,000-square-foot lease for an industrial property, located at 10352 River Rd. in St. Rose. Tom McGarity of Cassidy Turley's Columbus, Ohio, office, along with Max J Derbes Co., represented the tenant in the lease transaction. Yeti Holdings is the landlord.
Most Tampa Bay-area businesses look forward to 2012 with more cause for optimism than they had heading into 2011. In prior quarters, the positive direction of the market was largely anecdotal. Over the last few months, though, tangible signs of broad-based improvement have emerged, suggesting that the obstacles to a stronger recovery may be weakening. Hiring activity has spread from a narrow set of countercyclical sectors such as healthcare and education to a broader group of industries such as hospitality and tourism, as well as professional/business services. Housing sales have started to pick up and hotel occupancy rates have increased as business travel and tourism rebound. The rate of growth still falls well short of its heady pace during the 1990s and the post-dot.com years between 2003 and 2007, yet 2011 brought clear signs of forward movement. The resurgence of cost-driven relocations of major businesses to Tampa Bay, combined with significant expansions by locally based firms, has been particularly encouraging. The headlines have been dominated not only by news of firms that are deciding to move to Tampa Bay from other cities, but also of existing companies that weathered the storm of the Great Recession and are moving forward with …
CANTON, GA. — Cherokee County School District has selected Choate Construction Co. to build the $31.6 million, 240,000-square-foot Teasley Middle School replacement, located on Reservoir Drive in Canton. The school, which is currently being referred to as “Middle School E”, will include 95 classrooms. Construction is slated to begin on or before March 1 of this year with completion scheduled for March 2014. Manley Spanger Smith Architects is the architect for the project.
GREENVILLE, S.C. — The 50,000-square-foot Lewis Plaza Shopping Center, located at 1700 Augusta St. in Greenville, has been sold for $4.25 million. The property is 90 percent leased to tenants including McAllister's Deli, Wells Fargo and UPS. Frank Halter, Pete Brett and David Sigmon of Greenville-based Coldwell Banker Commercial Caine represented the seller in the transaction. Paul Holder of Greenville-based AVTEX Commercial Properties represented the buyer, Lewis Plaza Partners, a partnership formed by AVTEX Commercial Properties.