MARATHON KEY, FLA. — Atlanta-based Hotel Equities, along with Peter Rosasco of Sundance Resort & Marina LLC, is developing a Hampton Inn & Suites in Marathon Key. Situated along Highway A1A, the property will offer 80 rooms. Additionally, the property features unobstructed water views and easy access to Marathon Airport.
ACWORTH, GA. — New Jersey-based JPJ Equity II LLC has purchased The Learning Experience, a 12,500-square-foot daycare facility located in Acworth. Harmony Grove Partners LLC sold the property for $3.05 million. Mark Taylor and Dean Zang of Marcus & Millichap’s Philadelphia office represented the buyer; Robert Pfeiffer of Marcus & Millichap’s Atlanta office represented the seller in the transaction.
SPARKS, MD. — The Sparks Venture Centre, the Hunt Valley-Sparks area’s first ExecuCentre, has opened at The Highlands Business Park in Sparks. The 5,000-square-foot facility, which is located at 954 Ridgebrook Rd., offers fully furnished individual or multiple suites for lease. Matthew Haas and Kevin Haus of Manekin LLC are serving as the building’s leasing agent.
FORT MYERS, FLA. — Locally-based J.L. Wallace has completed the renovations of Fort Myers Christian Center, a non-denominational Christian church and community outreach center. The renovations included the addition of a new lobby, kitchen and classrooms to the 8,000-square-foot building. Additionally, the company created a new sanctuary space in the existing building. The property is located at 3500 Fowler St. in Fort Myers. David Grossman of J.L. Wallace served as project manager, Dennis Tyeryar served as superintendent and Robbyn Spears served as project manager assistant.
MADISON, ALA. — Jacksonville, Fla.-based Summit Contractors Group is underway on Continental Properties’ 360-unit The Springs at Madison Apartments development. The $21 million project is located in Madison, a suburb of Huntsville, Ala. Mouriz/Salazar Associates designed the property, which will deliver in April 2010. Financing for the project was provided by M&I Bank, an institution that has a long-term business relationship with Continental.
BOCA RATON, FLA. — 980 North Federal LLC has sold the 93,762-square-foot Compson Financial Center to 980 North Federal Acquisition Group for $20 million. The office property is located at 980 N. Federal Highway in Boca Raton. Scott O’Donnell and Dominic Montazemi of CB Richard Ellis’ Boca Raton office brokered the sale.
SARALAND, ALA. — Kennesaw, Ga.-based Ryla will bring a new regional headquarters, a corporate data center and a regional customer contact center to Saraland in June, creating 1,200 local jobs. The company is making an $8.5 million capital investment in the project and will welcome 400 new workers to the new property by early this summer; the 800 remaining jobs will be created by the end of 2011. In a press conference, Ryla President and CEO Mark Wilson explained that many locations in the Southeast were in the running for the new center, but Saraland stood out. “The decision is one that we’re confident is going to prove good for our company and good for the community,” he says.
LARGO, MD. — Truman Drive LLC has borrowed a $4.2 million loan for its 284-unit Truman Park apartment complex. The Class A property, located on Harry S. Truman Drive in Largo, was built in 2002. Chris Black of KeyBank Real Estate Capital secured the Freddie Mac mortgage.
PERSON COUNTY, N.C. — With the help of Raleigh, N.C.-based Progress Energy, Carolina Solar Energy will develop a solar PV facility on 4 acres of land in the Person County Business and Industrial Center, located on U.S. 501 in Person County. The facility will be used to manufacture 837,000 kilowatt-hours of solar energy during its first year of production. Carolina Solar started planning the project last year in response to Progress Energy’s call for renewable energy proposals.
CHARLOTTE, N.C. — Falls Church, Va.-based Toshiba America Nuclear Energy Corp. will open a national project management and engineering center in Charlotte. The firm markets advanced boiling water nuclear reactors among other construction and engineering products associated with nuclear reactors. To help launch this new facility, the state has awarded Toshiba America, which is gearing up for the planned construction of two nuclear reactors in Houston, a job development investment grant. The $2.8 million facility is expected to generate 194 new jobs. Details of the project have not been announced.