Southeast

NEUSTAR SIGNS 10-YEAR LEASE TO OCCUPY VIRGINIA OFFICE BUILDING

by admin March 8, 2010

STERLING, VA. — Neustar has signed a 10-year lease with Bavar Properties Group to occupy its 92,000-square-foot Ridgetop III at Loudoun Tech Center building. The $18 million office property is located at 21575 Ridgetop Circle in Sterling. The tenant currently leases 45,000 square feet at the nearby Ridgetop I building and will move into the new Class A space by the end of the year. Jones Lang LaSalle's Robb Johnson represented Neustar in the lease. Neil Alt of Lincoln Property Co. represented the landlord.

March 8, 2010

IDI NABS TWO LEASES TOTALING 428,081 SQUARE FEET

by admin March 5, 2010

LITHIA SPRINGS, GA. — Global Experience Specialists has renewed a 199,505-square-foot least at IDI's Westfork Business Park in Lithia Springs. Gordon Benedict of Cushman & Wakefield represented GES in the transaction. Bob Tardy served as in-house represention for IDI. Also at Westfork Business Park, Bunzl Distribution Southeast LLC has signed a 228,576-square-foot lease, which includes a 76,192-square-foot expansion. Mark Sonnenberg of Colliers Turley Martin Tucker and Mike Spears of Colliers Spectrum Cauble represented Bunzl in the lease transaction. Bob Tardy represented IDI.

March 5, 2010

Multifamily Southeast

STALLED CONDO PROJECT PURCHASED IN BOCA RATON

by admin March 5, 2010

BOCA RATON, FLA. — An area real estate firm has sold the 248-unit Eden Condominiums to a joint venture of Priderock Capital Partners and an investment firm managed by URDANG, a subsidiary of BNY Mellon Asset Management. Terms of the transaction were not disclosed. Construction on the Boca Raton property, which features an 18,000-square-foot clubhouse and a pool, started in 2002 and is still unfinished. The buyers plan to complete construction by the end of 2010, converting the condominiums to apartments and renaming the property The Heritage at Boca Raton.

March 5, 2010

Retail Southeast

EDWARDS CONSTRUCTION COMPLETES FLORIDA REC CENTER

by admin March 5, 2010

THE VILLAGES, FLA. — Edwards Construction Services has finished the Seabreeze Regional Recreation Center in The Villages. The property includes a 34,826-square-foot recreation building and a 2,816-square-foot pool building. Sports courts and picnic pavilions are also included on the grounds. A grand opening is scheduled for March 11.

March 5, 2010

Retail Southeast

FORMER RESTAURANT SOLD TO VIRGINIA CREDIT UNION

by admin March 5, 2010

RICHMOND, VA. — Virginia Credit Union has purchased a 6,816-square-foot building from BRC Richmond for $1.45 million. Located at 9498 W. Broad St. in Richmond, the property, a former Hams Restaurant building, sits on 1.34 acres. Thalhimer's Bruce Bigger brokered the sale.

March 5, 2010

Retail Southeast

GYM LEASES SPACE IN SOUTH CAROLINA SHOPPING CENTER

by admin March 5, 2010

GOOSE CREEK, S.C. — East Shore Athletic Club has leased 43,200 square feet from Spring Hill Associates for space in the Shannon Park Shopping Center. The property is located at 214 St. James Ave. in Goose Creek. Erin England and Billy Ellison of Colliers Keenan in Charleston, S.C., represented the landlord in the lease.

March 5, 2010

Multifamily Southeast

DEVELOPER BREAKS GROUND ON LUXURY APARTMENTS

by admin March 4, 2010

HILLSBOROUGH COUNTY, FLA. — Garrison Developer Group of Florida has broken ground on the 351-unit Preserve at Alafia, the first phase of a $100 million mixed-use project. The five-story luxury apartment complex is located on the Alafia River in Hillsborough County and features 3,000 feet of frontage on a wildlife conservation area. The entire mixed-use development is slated to deliver during the summer of 2011.

March 4, 2010

Healthcare Southeast

HEALTHCARE TRUST TO BUY SOUTH CAROLINA MOB

by admin March 4, 2010

MOUNT PLEASANT, S.C. — Healthcare Trust of America has executed an agreement to purchase the 60,800-square-foot Medical Center at East Cooper from a subsidiary of Tenet Healthcare for $10 million. The property is located on the campus of Mount Pleasant's East Cooper Regional Medical Center and is 90 percent leased to 16 tenants.

March 4, 2010

Retail Southeast

CHESAPEAKE SHOPPING CENTER SOLD

by admin March 4, 2010

CHESAPEAKE, VA. — A private Virginia-based investor has purchased the 13,559-square-foot Chesapeake Square Shoppes from a private seller for an undisclosed price. The Chesapeake property houses Firehouse Subs, Rita's Ice, Tropical Smoothie and Five Guys Burgers & Fries. Rob Carter, David Webb and Alex Quarrier of Berkeley Capital Advisors brokered the sale along with S.L. Nusbaum's John Litz.

March 4, 2010

Retail Southeast

SHOPPING CENTER GROUP GRABS 2 MILLION SF LEASING ASSIGNMENT

by admin March 4, 2010

ATLANTA — RREEF has tapped The Shopping Center Group to market its Southeast and Mid-Atlantic portfolio, which totals 2 million square feet. The assignment encompasses 10 retail centers located in the Carolinas, Florida, Georgia and Virginia. The centers have an average occupancy of 94 percent. Two significant Atlanta-area properties include the 207,000-square-foot Providence Square in Marietta, Ga., and the 186,058-square-foot Perimeter Square in Atlanta.

March 4, 2010

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