ORLANDO AND APOPKA, FLA. — Rebman Properties has brokered two warehouse leases in the Orlando area totaling 109,875 square feet. The firm's Roger Rebman and Lyle Nelsen represented Oakmont Industrial Group in its 60,000-square-foot lease to Golden State Foods. The property is located in the Northwest Distribution Center in Orlando. Greg Rebman of Rebman Properties represented ABC Supply Co. in its 49,875-square-foot lease to Andes Fiber and Paper. The property is located at 2550 Clark St. in Apopka.
WEST PALM BEACH, FLA. — CB Richard Ellis brokered the sale of a two-story, 50,155-square-foot office building, which is located at 4100 Okeechobee Blvd. in West Palm Beach. 4100 Okeechobee Building Owner LLC acquired the property for $3.45 million or $68.78 per square foot. The building is currently 66 percent occupied by one tenant, Child and Family Connections. CBRE’s Scott O’Donnell, Dominic Montazemi, Kirk Nelson and Miguel Alcivar represented the buyer and the seller, New York-based Capital Resources Southeast, in the transaction.
KNOXVILLE, TENN. — An undisclosed Mississippi company has acquired Papermill Self Storage, a 55,067-square-foot self-storage facility in Knoxville. Located at 3980 Papermill Road, the property sold for $2.02 million. Michael Mele and Anne Williams of Marcus & Millichap represented the Texas-based seller in the transaction. Terms of the transaction were not disclosed.
ORLANDO, FLA. — Avalon Park Group is planning to develop an 80,000-square-foot assisted-living and memory care facility on Tanja King Parkway and Avalon West Boulevard near downtown Avalon Park in Orlando. The company has received approval for its pre-application for the $15 million project. Designed by Orlando-based Baker Barrios Architects, the 90-unit, 128-bed facility will feature six neighborhoods, each with 15 studios or one-bedroom units. Additionally, the property will feature outreach rooms, a wellness area, occupational and physical therapy services, a salon and a spa.
NORCROSS, GA. — Wells REIT II has received $500 million in new financing for future operations. The 3-year, unsecured revolving credit facility was issued by a syndicate of lenders led by JPMorgan Chase Bank NA. Wells originally sought $350 million in financing, but received additional interest from lenders. The REIT will use the financing to enhance and add to its real estate portfolio. The current portfolio includes 91 buildings in 23 states, Washington, D.C., and Russia, covering more than 20 million square feet. Wells REIT II is advised by Wells Real Estate Funds.
MARIETTA, GA. — OCI Chemical, a subsidiary of South Korea-based OCI Company LTD, has signed a lease for 13,770 square feet of office space at Five Concourse Parkway, Suite 2550, within Concourse Corporate Center in Marietta. The company is relocating its North American headquarters to the new facility from 1800 W. Oak Commerce Court in Marietta. Billy Hobbs and Jason Jones of CresaPartners Atlanta represented the tenant; Teresa Johnson of Cousins Properties Inc. represented the owner, TIA-CREF, in the transaction. Terms of the lease were not released.
PASCO COUNTY, FLA. — Dallas-based CoastOak Group has acquired Connerton from Terrabrook, the previous developer, for an undisclosed price. Located in central Pasco County, the 4,800-acre, mixed-use master planned community is the only “New Town” currently under construction in the greater Tampa Bay area. As planned the community will feature approximately 8,500 residential units and more than 3 million square feet of commercial space for office, industrial and retail uses. The community currently features onsite shopping, a long-term acute care facility, a soon-to-open elementary school, Club Connerton, neighborhood parks and conservation areas.
HOBE SOUND, FLA. — DiVosta Investments has purchased the Bank of America building in Hobe Sound for $1.87 million or $127 per square foot. Built in 1972, the two-story, approximately 14,686-square-foot office property was 100 percent occupied at the time of acquisition. William Strauss, David Donnellan, Todd Weintraub and Warren Sears of CB Richard Ellis represented the seller, Evanston, Ill.-based Bridge Road LLC, in the transaction.
VIRGINIA BEACH, VA. — Amerigroup Corp. has signed a lease for 30,528 square feet of office space at Corporate Center VI in Virginia Beach. Additional details of the transaction were not released. Donald Crigger of CB Richard Ellis represented the tenant; Gerald Keller of Pembroke Commercial represented the undisclosed landlord in the transaction.
ORLANDO, FLA. — Fisher Auction Co. and Cushman & Wakefield have completed a bulk sale of condominium units at The Vue at Lake Eola, a 375-unit multifamily property in Orlando. An undisclosed buyer from Rio de Janeiro, Brazil, placed the highest bid on the portfolio, which includes 145 condominium units and approximately 8,000 square feet of retail space. The portfolio sold for $25.9 million. Fisher and Cushman & Wakefield conducted the bulk-buy auction.