HAMMOND, LA. — Target has opened a 127,380-square-foot store at the Hammond Square development on U.S. 51 Business in Hammond. The store features Target’s new P-Fresh concept, which highlights produce, meat and bakery offerings. Also included in the property are a pharmacy and a Starbucks Coffee. When complete, the 860,000-square-foot Hammond Square power center will also include JC Penney, Dillard’s, Sears, AMC Theatre, Best Buy, Books-A-Million and Rite Aid, among other national tenants.
MOREHEAD, KY. — Morehead State University has purchased a 60,000-square-foot warehouse from Barhorst Property for $1.3 million. The building spans 7 acres at 160 Old Cranston Rd. in Morehead. Lexington, Ky.-based NAI Isaac Commercial Properties’ Bruce Isaac represented the seller.
MIAMI AND ORLANDO, FLA. — Fort Lauderdale, Fla.-based Morgan Property Group has completed construction of two Walgreens stores in Florida. One store is located at the intersection of Bird Road and Hibiscus Street in Miami, and the other new property is located at the intersection of Semoran Boulevard and Auvers Boulevard in Orlando. Both developments are relocations of nearby stores.
SILVER SPRING, MD. — U.S. Retail Partners has borrowed a $7.5 million loan for its 65,000-square-foot Woodmoor Shopping Center. Tenants in the property, which is located on Colesville Road in Silver Spring, include CVS/pharmacy, Tuesday Morning, Bank of America, Starbucks Coffee and Subway. RiverSource Life Insurance Co. financed the 10-year loan, which carries a 25-year amortization schedule. Christopher Feeley and Jason Smith of NorthMarq Capital’s Washington, D.C., office and Joel Coykendall of the firm’s Jacksonville, Fla., office arranged the loan.
GEORGIA — Field Turf USA has signed a lease expansion with Springs Global U.S. for 224,000 square feet of industrial space. The property is located at 175 N. Industrial Blvd. in Calhoun, Ga. John Phelps of Grubb & Ellis’ Atlanta office represented both parties in the transaction. Phelps also represented Sonoco Products Co. in its 70,000-square-foot lease from First Street Associates. Sonoco will occupy warehouse space at 4099 Old Dixie Highway in Georgia.
ATLANTA — McLendon-Jones Enterprises has sold the 132,000-square-foot Atlanta Jobs Corps Center to Aroostook Property Management for an undisclosed price. Located at 239 W. Lake Ave. in Atlanta, the property was built in 1951 as an apartment complex and is now leased as an office building by the federal government. Jon Cunha and Michael Bull of Atlanta-based Bull Realty brokered the sale.
ALPHARETTA, GA. — Kaplan Higher Education Corp. has leased 96,900 square feet from SLC Winward in Alpharetta. The office space is located at 1015 Winward Ridge Parkway. Grubb & Ellis’ Steve Morgan represented the tenant.
DEBARY, FLA. — Longwood, Fla.-based Cotter-Ryan Commercial has completed construction of the 16,000-square-foot SummerHaven office building. The property is located on Enterprise Road in DeBary. SummerHaven Professional Center LLC is developing the three-story building.
BEL AIR, MD. — SECU has purchased land for a 4,500-square-foot bank branch from Park Centre/Plumtree LLC for $1.85 million. The branch will be built in the Park Centre development, which is located at the intersection of Plumtree Road and Route 24 in Bel Air. The new bank branch will open early next year. Chris Bennett of Columbia, Md.-based Manekin represented SECU, and the firm’s Joe Bradley represented the seller.
GEORGIA — Atlanta-based Batson-Cook Co. is constructing two healthcare projects totaling $25.6 million for Northside Hospital. The firm will add 52,800 square feet to the Northside Hospital–Forsyth Surgery Center, located on Northside Forsyth Drive in Cumming, Ga. The hospital will remain open while the $17 million project is being completed. Batson-Cook has also broken ground on a 59,500-square-foot medical office building on Northside’s Cherokee campus, located at 201 Hospital Rd. in Canton, Ga. The office, which is scheduled for completion next January, will include an imaging suite with MRI facilities.