WASHINGTON, D.C. — Kaiser Permanente has signed a lease with Louis Dreyfus Property Group and Fisher Brothers for more than 200,000 square feet of space in the 700 Second Street at Station Place office building in Washington. Designed to LEED Silver standards, the building is 60 percent preleased. The 507,273-square-foot 700 Second Street is the third phase of the 1.6-million-square-foot Station Place office complex. Bruce Pascal, Roberta Liss, Andrew Felber, Tim Hutchens, Mark Klug and Bobby Blair of CB Richard Ellis represented the owners. Rita Robison and Andy O’Brien of Jones Lang LaSalle represented Kaiser Permanente.
ATLANTA — The law firm Sutherland Asbill & Brennan has signed a lease renewal with Atlanta-based Jamestown Properties for 240,906 square feet of office space at 999 Peachtree. Both parties have agreed to a lease term that will expire in 2020. Sutherland Asbill & Brennan has been a tenant at 999 Peachtree since 1988. The 28-story property is located at the intersection of Peachtree and 10th streets in Atlanta.
RICHMOND, VA. — Richmond-based MGT Construction has completed two multifamily projects in Richmond. MGT built the 79-unit Paper Company Apartments, located at 203 Hull St. The property also includes 12,000 square feet of office space. The firm also worked on the 28-unit Shockoe Lofts, located at 2010 E. Main St. Shockoe includes 4,000 square feet of retail space.
BONITA SPRINGS, FLA. — Solovey Fountains Group has sold a 5,273-square-foot building to 3364 Woods Edge LLC for $1.22 million. The office property is located at 3364 Woods Edge Circle in Bonita Springs. Craig Timmins of Naples, Fla.-based Investment Properties Corp. brokered the sale.
WILLIAMSBURG, VA. — GATS has purchased a 4,780-square-foot Applebee’s restaurant from DBAPPLE for $1.87 million. The property, which was purchased as an investment, is located at 1640 Richmond Rd. in Williamsburg. Thomas Dana of Thalhimer’s Virginia Beach, Va., office brokered the sale.
CHEROKEE, N.C. — Turner Construction Co. has been tapped to build the 500,000-square-foot Harrah’s Cherokee Hotel Tower III, a 21-story extension to the casino. The property is located on Casino Drive in Cherokee. The $120 million tower will include 68 hotel suites and 454 rooms. Completion is slated for December 2010.
ZEPHYRHILLS, FLA. — Primerica Group One has completed the development of its 104,477-square-foot Zephyr Commons Shopping Center. The $7.5 million property is located on Highway 301 in Zephyrhills. Publix anchors the shopping center, which was constructed by Tampa Bay, Fla.-based Hawkins Construction.
COVINGTON, LA. — Stirling Properties will break ground in September on the 60,000-square-foot Medical Arts Pavilion at Lakeview Medical Center. The $14 million, two-building property is located at the intersection of Highway 190 and Fairway Drive in Covington. Construction of the first building should be complete by the fall of 2010. Gensler designed the space, and Central Progressive Bank is financing the project.
OLDSMAR, FLA. — Hawkins Construction of Tampa, Fla., has completed a 25,000-square-foot Goodwill Superstore at 3929 Tampa Rd. in Oldsmar. The $3 million property was built for Goodwill Industries-Suncoast. St. Petersburg, Fla.-based The Sembler Company will manage the development, and Lyman Davidson Dooley of Tampa designed the property.
LOUISVILLE, KY. — Columbus, Ga.-based Flournoy Development has sold the 328-unit Terraces at Forest Springs apartment complex to St. Louis-based Michelson Realty Co. for $22.87 million. The complex, which is 92 percent occupied, is located at 3501 Terrace Springs Dr. in Louisville. Terraces at Forest Springs features a fitness center, a car wash center and lighted tennis courts. Cushman & Wakefield’s Nathan Swenson, Mike Kemether, David Gutting, David Wagner, Chris Spain, Larry Orr, Brandon Whitesell and Steve West brokered the sale.