LOUDOUN COUNTY, VA. — Washington Real Estate Investment Trust has purchased the 87,400-square-foot Lansdowne Medical Office Building from an undisclosed party for $19.9 million. The four-story property is located at the intersection of Riverside Parkway and Lansdowne Boulevard in Loudoun County. Washington REIT, which has been planning to buy the building since April 2008, funded the purchase with cash and its own line of credit.
Southeast
WASHINGTON, D.C. — The General Services Administration, on behalf of the Bureau of Land Management, has signed a 94,435-square-foot lease with Lerner Enterprises for space in the 20 M Street office building. The 190,600-square-foot 20 M Street, which has been LEED Gold certified, is located at the intersection of M and Half streets in Washington. The Bureau of Land Management will move into four floors in the building during the first quarter of next year. Studley’s Washington office represented the GSA. Brian Raher of Cushman & Wakefield’s Washington office represented the landlord.
CORAL GABLES, FLA. — R.C. Chaffin Family Holdings has acquired a 4,202-square-foot office condominium from Brown Development Group for $1.56 million. Located at 500 S. Dixie Highway in Coral Gables, the space features five private offices, three executive offices and two conference rooms. Coral Gables-based Holly Sime Realty’s Randy Olen represented the buyer. John Crotty and David Metalonis of Colliers Abood Wood-Fay’s Coral Gables office represented Brown Development.
TAMPA, FLA. — Jupiter, Fla.-based Landmark Residential has purchased the 438-unit Three Palms Apartments from a joint-venture between a Blackrock-managed fund and BH Equities for $23.5 million. Located on North Dale Mabry Highway in Tampa, the property is 90 percent occupied and recently underwent a $3.9 million renovation. Three Palms includes four pools, a heated spa and a fitness center. John Selby and Jim Bobbitt of CB Richard Ellis’ Tampa office represented the seller.
TAMPA, FLA. — Jupiter, Fla.-based Landmark Residential has purchased the 438-unit Three Palms Apartments from a joint-venture between a Blackrock-managed fund and BH Equities for $23.5 million. Located on North Dale Mabry Highway in Tampa, the property is 90 percent occupied and recently underwent a $3.9 million renovation. Three Palms includes four pools, a heated spa and a fitness center. John Selby and Jim Bobbitt of CB Richard Ellis’ Tampa office represented the seller.
DORAL, FLA. — Flagler is aiming for a fall 2010 completion of its 150,000-square-foot office building at 8333 Downtown Doral in Doral. The building, which is located in the 120-acre mixed-use project, Downtown Doral, is 30 percent preleased by the Florida Agency for Health Care Administration. The project has been designed by HuntonBrady Architects to meet LEED Gold standards.
ORLANDO, FLA. — CB Richard Ellis Realty Trust has purchased a 124,500-square-foot office building from an undisclosed party for an undisclosed amount. The property, which is located at 12650 Ingenuity Dr. in Orlando, is fully leased to Kaplan’s higher education division. Built with a self-contained data center room with a redundant power supply, the property also includes a cafeteria. CB Richard Ellis Realty Trust and CB Richard Ellis Investors’ Jeffrey Torto worked to purchase the building.
ORLANDO, FLA. — Orange Crown Holdings of Orlando has purchased the 19,136-square-foot Semoran Park office building from Orlando-based Semoran Park Condominiums for $2 million. The Class A property is located at 1277 N. Semoran Blvd. in Orlando. The building is 72.6 percent leased and houses tenants including Semoran Park Family Physicians and Semoran Law Center. Jay Dixon and Jerry Thornbury of Grubb & Ellis|Commercial Florida’s Orlando office brokered the sale.
ROANOKE, VA. — Wal-Mart Stores East has purchased 29.07 acres of land from an undisclosed seller to build a Wal-Mart Supercenter. The land is located in the Clearbrooke area of Roanoke. Lee Warfield and Pete Waldbauer of Thalhimer’s Richmond, Va., office represented Wal-Mart in the transaction.
ATLANTA — Georgia State University has opened an 87,000-square-foot freshman residence hall at the corner of Piedmont and Edgewood avenues in Atlanta. The $15.7 million property features 107 suites, which can accommodate 325 students. Each room contains cable and Internet connections, and lounges outfitted with a 50-inch television can be found on each floor.