TAMPA, FLA. — Wurth Wood Group has signed a 46,000-square-foot office/warehouse lease, located at 5100 W. Hanna Ave. in Tampa. Craig Capo and John Ayers of Tampa-based Industrial Property Group represented the tenant in the lease transaction. Rian Smith of Cushman & Wakefield's Tampa office represented the landlord, Hanna Warehouse Partners.
WASHINGTON, D.C. — New York City-based Mitsui Fudosan America has entered into an agreement to acquire an 80 percent partnership interest in the 421,901-square-foot Homer Building, a trophy office building located at 601 13th St. NW in Washington, D.C., from Sydney, Australia-based Investa Office Fund for $252 million. The building is currently 90 percent leased to tenants include Amgen, General Mills and Toyota. Clarion Partners is representing the seller in the transaction, which is expected to close in January of 2012. Eastdil Secured is representing the buyer.
BETHESDA, MD. — StonebridgeCarras, PN Hoffman and Northwestern Mutual have formed a joint venture to develop a $200 million mixed-use project, located at the corner of Woodmont and Bethesda Avenues in Bethesda. The development will contain 250 residential units and 40,000 square feet of retail space. SK&I Architectural Design Group designed the project and the Clark Construction Group has been retained as the general contractor. Stephen Conley, Dave Nachison, Alan Davis, Mark Remington and Dan McIntyre of HFF's Washington, D.C., office represented StonebridgeCarras and PN Hoffman in the creation of the joint venture. Ground breaking is slated for January of 2012.
LARGO, FLA. — ARA has arranged the $23.62 million sale of the 324-unit Monterey Lakes, an apartment complex located at 7501 Ulmerton Rd. in Largo, a submarket of Tampa, Fla. Richard Donnellan of ARA's Boca Raton, Fla., office, along with Patrick Dufour of ARA's Tampa office, Kevin Judd of ARA's Orlando, Fla., office and Matt Wilcox of ARA's Jacksonville, Fla., office represented Waterton Residential, the seller, in the transaction. The buyer was a Florida-based private buyer.
LOUISVILLE, KY. — The 212-unit Legends at Indian Springs, an apartment complex located at 11000 Indian Legends Dr. in Louisville, has been sold for $20.75 million. Craig Collins of Louisville-based Cushman & Wakefield/Commercial Kentucky represented the seller, a Louisville-based developer, in the transaction. The buyer was Irvine, Calif.-based Passco.
CLEARWATER, FLA. — Colliers International has negotiated the $9.5 million sale of the 200-unit Coral Cove Apartments, located at 25 N. Belcher Rd. in Clearwater. The property was foreclosed on in February of 2011. John Stone and Jason Stanton of the firm's Tampa Bay, Fla., office represented NW-Coral Cove, the seller, in the transaction. WRH The Palms of Clearwater LLLP was the buyer.
NEW ORLEANS — Skanska USA and MAPP Construction have started construction on the $522 million first phase of the $1.2 billion, 2.18 million-square-foot University Medical Center, located in downtown New Orleans, on behalf of the State of Louisiana. The development is affiliated with Louisiana State University and LSU Health. The first phase includes a 550,661-square-foot, 424-bed hospital tower and a 746,982-square-foot adjoining diagnostic and treatment center. Full completion is slated for February 2015.
JACKSONVILLE AND TAMPA, FLA. — Atlanta-based JMG Realty has purchased the 336-unit Circle at Bartram Park, located at 14701 Bartram Park Blvd. in Jacksonville, and the 300-unit Circle at Crosstown, located at 1820 Crosstown Club Pl. in Tampa, from an institutional seller for $64.5 million. Kevin Judd of ARA's Orlando, Fla., office, along with Matt Wilcox of the firm's Jacksonville office and Patrick Dufour of the firm's Tampa office, represented the seller in the transaction.
DURHAM, N.C. — Charlotte, N.C.-based Crescent Resources has started construction on the $47 million, 303-unit Circle Ninth Street, an apartment complex located adjacent to Ninth Street and the Erwin Mill building in Durham. Raleigh, N.C.-based Cline Design Associates is the project and landscape architect for the development and Charlotte-based State Building Group is the general contractor. Financing for the property is being provided by an equity investment from Crescent Resources, U.S. Bank N.A. and Pearlmark Real Estate Partners.
STERLING, VA. — Boston-based New Boston Fund has completed a 178,234-square-foot build-to-suit, located in TransDulles Centre at 22640 Davis Dr. in Sterling, on behalf of Cedar Rapids, Iowa-based Rockwell Collins. The building is 47 percent office space and 53 percent manufacturing space. Rockwell Collins will consolidate several of its facilities to the new property, which will serve as its regional headquarters. Brian Coakley of Donohoe Real Estate's Washington, D.C., office represented the tenant in the lease transaction, and Neil Alt of Lincoln Property Co.'s Washington, D.C., office represented the landlord.