CHESAPEAKE, VA. — Jimalee has purchased a 30,500-square-foot warehouse from Old Dill Road LLC for $2.24 million. The property is spread across 3 acres at 3728 Profit Way in Chesapeake. The building will house Electric Motor Contracting Co.’s expanded operations. Patrick Mumey and W. Scott Wermers of Thalhimer’s Virginia Beach, Va., office brokered the sale.
Southeast
WASHINGTON, D.C. — The Superior Court for the District of Columbia has appointed San Diego-based Douglas Wilson Cos. receiver of a 442,000-square-foot office building. The property is located on Half Street in Washington. Currently halfway complete, the property was designed to LEED Silver standards. The firm has also been appointed receiver of a 243,000-square-foot building at 100 M St. in Washington.
SILVER SPRING, MD. — Silver Spring-based Mid-City Financial Corp. has purchased the 192-unit Aspen Crossing Apartments from an undisclosed party for $20.8 million. The property, which is 96 percent occupied, is located at 14120 Grand Pre Rd. in Silver Spring. Aspen Crossing was built in 1979 and recently benefited from $2.5 million in renovations. Bill Roohan, Mike Muldowney, Andy Boyer, Michael Rudolph and Brian Margerum of CB Richard Ellis’ Washington, D.C., office brokered the sale.
ORLANDO, FLA. — Passco Cos. has secured a $12.65 million loan to acquire the 212-unit Promenade Crossing apartment complex. The Class A property, which is more than 95 percent occupied, is located at 4000 Maguire Blvd. in Orlando. The 10-year loan carries a fixed interest rate and was financed by Wachovia Multifamily Capital, a Freddie Mac servicer. Kevin Greenberg and Mark Strauss of Cohen Financial’s Newport Beach, Calif., office arranged the loan.
CHESAPEAKE, VA. — The U.S. General Services Administration, acting on behalf of the U.S. Coast Guard, has signed a lease renewal for 61,992 square feet with First Potomac Realty Trust. The 10-year lease allows the Coast Guard to occupy the entire Crossways Commerce Center III building in the Crossways Commerce Center Business Park in Chesapeake. The tenant leases an additional 73,263 square feet elsewhere on the property.
ALABAMA — Orlando, Fla.-based Cuhaci & Peterson Architects has been selected to remodel two Winn-Dixie supermarkets in Alabama. The stores, which both total 61,500 square feet, are located in Montgomery and Prattville.
ORLANDO, FLA. — Hardin Construction has completed the 469,000-square-foot Restaurant Support Center for Darden Restaurants. The Orlando facilities was built to house 1,300 employees that originally worked at 12 different locations. From the new property, workers will support Red Lobster, Olive Garden, LongHorn Steakhouse and Seasons 52 restaurants throughout the country. The architecture firm Perkins + Will designed the space to LEED Gold NC requirements. Green features include efficient heating and air systems, automatic lighting and a reflective roof.
MIAMI BEACH, FLA. — A group of South American-based investors has purchased the 104-unit Raleigh Hotel South Beach Miami from a private seller for an undisclosed amount. The property, which was built in 1940, is located on Collins Avenue in Miami Beach. Amenities include a lobby coffee shop, a martini bar and a poolside restaurant. Ali Baheri of Molinaro Koger brokered the transaction.
NORCROSS, GA. — World Changers Church International has purchased a 64,241-square-foot former church building from Atlanta Vineyard Church for $3.2 million. The property, which was most recently home to a medical tenant, is located at 6920 Jimmy Carter Blvd. in Norcross and will be used as a satellite church. Atlanta-based Bull Realty’s Daniel Latshaw represented the seller. Ann Terry of Choice One Realty represented the buyer.
WINCHESTER, VA. — Winchester-based Melnor Corp. has signed a 110,000-square-foot lease with an undisclosed landlord for space in the Fort Collier Industrial Park. Melnor will move into the space, which is located at 260 Brooke Lane in Winchester, on November 1. Brokers from Sperry Van Ness’ Winchester office represented the tenant in the lease.