BETHESDA, MD. — Carr Properties has acquired the contract and development rights for a 223,000-square-foot trophy office project located at 4500 East West Hwy. in Bethesda. Construction will begin during the first quarter of 2012 with completion slated for the first quarter of 2014. The development, which is the first trophy quality, ground-up office development in Bethesda in more than 10 years, will be designed to achieve LEED Gold certification.
MEDLEY, FLA. — Conchita Foods has secured a 60,000-square-foot, 10-year lease for its new South Florida headquarters at 10505 N.W. 112th Ave. in Medley at Flagler Station Business Park. The company will relocate its warehouse, office and distribution operations in early 2012. Brian Smith of Cushman & Wakefield's Miami office represented the tenant in the lease transaction and the landlord was self-represented by Stuart Gordon of Flagler Development.
DUNN, N.C. — Delhaize America and Food Lion have plans to expand the company's distribution center in Dunn by 54,000 square feet. The center currently serves 264 Food Lion stores primarily in N.C. Upon completion in early 2012, the facility will be more than 1.3 million square feet.
BALTIMORE — Big Lots has signed a lease with Inland Western Retail Real Estate Trust to occupy 35,000 square feet of space at the 796,733-square-foot Reisterstown Road Plaza in Baltimore. The Home Depot, Marshalls, Burlington Coat Factory, Shopper's World and Giant Foods anchor the center.
RICHMOND, VA. — Oxbridge Retail has sold the 127,801-square-foot Oxbridge Square, located at 1001 Hull St. in Richmond, to Louisiana-based PMAT Acquisition for $12.5 million. Martins Supermarket anchors the center, which is currently 79 percent leased. Michael Cleeman of New York-based Cohen & Co. represented the buyer in the transaction.
HAILEAH, FLA. — Howard Taft and Charles Penan of Coconut Grove, Fla.-based Aztec Group has arranged $3 million in financing for a ground lease of a Walgreens located at 1155 W. 68th St. in Haileah. Symetra Life Insurance Co. provided the 20-year, self-amortizing loan.
TAMPA, FLA. — Marcus & Millichap has arranged the $2.05 million sale of the 132-unit Marbella Apartments, located at 12406 N. 15th St. in Tampa. Michael Regan, Francesco Carriera and Nicholas Meoli of the firm's Tampa office represented the seller, a Florida-based partnership, and the buyer, a private investor.
SHREVEPORT, LA. — The Shreve Memorial Library has purchased a 32,328-square-foot former Verizon call center in Shreveport from Longview, Texas-based Bert Kouns Partners for $1.85 million. Beth King of Shreveport-based Sealy Real Estate Services represented the seller in the transaction.
RALEIGH, N.C. — Crescent Resources has broken ground for the $50 million, 282-unit Gallery at Cameron Village, located at Clark Avenue and Oberlin Road in Raleigh. In addition to residential units, the property will feature 16,000 square feet of retail space. The first apartments are slated for completion in spring 2013. Raleigh-based Cline Design Associates, PA is the architect for the project, and Cox Schepp Construction is the general contractor.
ATLANTA — A 657,000-square-foot former SuperValu Foods grocery distribution center, located at 605 Selig Dr. S.W. in the Fulton Industrial district of Atlanta, has been acquired by 605 Selig Drive, LLC, an entity affiliated with Covington Capital. The buyer plans to rebrand the industrial property as Logistics Pointe. St. Louis-based Commercial Development Corp. sold the site, which was approximately 50 percent occupied at the time of the transaction and includes more than 40 acres. Steven Cooney of Tranzon Asset Advisors represented the seller, while David Beak of NAI Brannen Goddard represented the buyer. Covington Capital is planning an aggressive program of interior and exterior improvements.