SUNRISE, FLA. — Calkain Cos. has brokered the $4.8 million sale of a 5,170-square-foot investment property that is leased to Blue Cross/Blue Shield of Florida on a long-term, triple-net basis. The property is an outparcel to the Sawgrass Mills Mall. David Sobelman of the firm's Tampa, Fla., office represented the seller in the transaction. The buyer was a New York-based private investor.
Southeast
MIAMI — Eric Groffman of Transwestern's Miami office has completed five leases totaling 96,463 square feet at the 782,210-square-foot Miami Center, a Class A office property located at 201 South Biscayne Blvd. in Miami. The leases include: a 41,892-square-foot new lease for Morgan Stanley Smith Barney, which includes a 19,104-square-foot expansion; a 23,544-square-foot renewal for Regus Business Centers; a 14,722-square-foot new lease for Jones Walker; a 10,583-square-foot new lease to Apex Brasil; and a 5,722-square-foot new least for David B. Haber, P.A. Transwestern is the leasing advisor for the property on behalf of the owner, Sumitomo Corp. of America.
CHEVERLY & FORESTVILLE, MD. — Jason Smith of NorthMarq Capital's Bethesda, Md., office has arranged a $58.1 million floating-rate loan through Natixis Real Estate Capital on behalf of a joint venture between Foulger-Pratt Cos. and DLJ Real Estate Capital Partners. The joint venture will use the funds for the acquisition and repositioning of a 1,107-unit apartment portfolio containing four properties. The properties are the 366-unit Cheverly Terrace and 190-unit Hanson Arms Apartments, located in Cheverly, and the 404-unit Pennbrooke Terrace and the 147-unit Valleybrook Apartments, located in Forestville.
GERMANTOWN, MD. — Ground has broken on a new five-story, 162,000-square-foot office building located within Milestone Business Park at 12409 Milestone Center Dr. in Germantown. The development is for Digital Receiver Technology, a subsidiary of The Boeing Co. Trammell Crow Co. is the developer of the project and Buch Construction is the general contractor.
ALEXANDRIA, VA. — The Carlyle Group and AION Partners have selected Bainbridge Cos. to renovate and manage the 570-unit CITYSIDE Huntington Metro, located at 6034 Richmond Hwy. in Alexandria. The $9.5 million renovation will include upgraded amenities, landscaping, interiors and exteriors.
PORTERDALE & CONYERS, GA.; AND PENSACOLA, FLA. — Twin Rivers Capital has sold three of its retail properties: two Family Dollar Stores, located in Porterdale and Pensacola; and an AutoZone in Conyers. The total sale price of the transactions was $4.3 million. The seller was self-represented in the transaction. The buyers of the properties were undisclosed.
BOYNTON BEACH, FLA. — Marcus & Millichap has sold Easco Apartments, a portfolio of two apartment buildings, totaling 64 units, for $2.4 million. Brandon Rex and Tal Frydman of the Fort Lauderdale office represented the seller, a St. Petersburg, Fla.-based private investor and secured the buyer, a Delray Beach, Fla.-based limited liability company.
ORLANDO, CRYSTAL RIVER & JACKSONVILLE, FLA. — Duke Realty Corp.'s Orlando office has been selected to develop three LEED certified offices in Florida. Raleigh, N.C.-based Progress Energy has chosen Duke Realty as the design-build general contractor of a 73,000-square-foot office, laboratory and warehouse facility at its Crystal River Energy Complex in Crystal River, to open in the second quarter of 2012. Brazil-based Megastron Development has selected Duke Realty as the general contractor for a four-story, 133,000-square-foot office building, located at Kirkman Point in Orlando. Finally, the GSA has selected Duke Realty and General Capital Group to develop, design and construct a two-story, 48,000-square-foot office development at Flagler Center in Jacksonville, with completion scheduled for February 2012.
RANDALLSTOWN, MD. — The 105-unit The Greens at Liberty Road Senior Apartments in Randallstown is now open. Enterprise Homes developed the $15.6 million complex, which meets the requirements of the Enterprise Green Communities Criteria through its reflective roof, HVAC systems, low-VOC paint, “green” label carpet, water-conserving plumbing fixtures and more. Amenities include a multi-purpose room, fitness center, media center, sewing room, laundry facilities and a computer room. The project is managed by Habitat America.
MIAMI — Miami-based Aztec Group has arranged a $4.8 million construction loan for the 102-room Comfort Suites Airport/Cruise Port, and a $3.7 million refinancing loan for the 144-room Days Inn Miami Airport North, both in Miami. Jason Shapiro and Boaz Asbel represented the locally based owners of both properties, securing the financing through a local bank.