CHAPEL HILL, N.C. — Jeff Frankel of NorthMarq Capital’s Chicago office has secured a $13.1 million loan for the 240-unit The Pointe at Chapel Hill apartment complex. The property is located at 100 Saluda Court in Chapel Hill. AmeriSphere Multifamily Finance provided financing for the 5-year interest-only loan.
OCALA, FLA. — Ocala-based Edwards Construction Services will break ground during the first half of 2010 on a 30,000-square-foot sanctuary for College Road Baptist Church. Located at 5010 S.W. College Rd. in Ocala, the sanctuary will accommodate 650 worshippers. The property will feature offices, a choir practice suite, a bookstore and a coffee shop.
NORFOLK AND CHESAPEAKE, VA. — Bethesda, Md.-based First Potomac Realty Trust has secured three leases with two tenants totaling 97,400 square feet. Verizon Virginia has renewed leases at Norfolk Commerce Park II and Norfolk Business Center totaling 58,200 square feet. Norfolk Commerce Park II, located at 5301 Robin Hood Rd. in Norfolk, and Norfolk Business Center, located at 2551 Eltham Ave. in Norfolk, total 218,945 square feet. Corinthian Colleges has also renewed its 26,900-square-foot lease and leased an additional 12,300 square feet of space at Greenbrier Circle Corporate Center. Located at 1081 Sara Dr. in Chesapeake, the center encompasses 229,163 square feet in two buildings.
WASHINGTON, D.C. — The Seattle-based law firm Davis Wright Termaine has leased 49,814 square feet of office space in Washington. The property, located at 1919 Pennsylvania Ave., is owned by SITQ and Tishman Speyer. The firm will occupy the entire eighth floor and a portion of the seventh floor when it moves into the new space in July 2010. The firm is currently located in the building, but this new lease allows the company to consolidate and expand. Brokers from Woodmark, CB Richard Ellis and Century Pacific represented the tenant.
CORAL GABLES, FLA. — Sunset I Ventures has sold Park Place I and II, two adjacent buildings in Coral Gables, to Kenneth D. Rosen of Kendar Realty for $8.5 million. The properties encompass 49,469 square feet of office space. Park Place I, located at 1500 Monza Ave., houses three tenants, including Baptist Health South, which leases 70 percent of the building. Park Place II sits at 1501 Venera Ave. and has nineteen tenants. Both buildings are 100 percent occupied.
NAPLES, FLA. — Fort Myers, Fla.-based J.L. Wallace has started construction on a 12,900-square-foot CVS/pharmacy in Naples. The property is located at 8831 Immokalee Rd. in Naples. J.L.’s services include construction of a drive-thru area, automatic glass doors, a single-ply roofing system over lightweight concrete and site work. Robert Reid Wedding Architects and Planners designed the store, and Coastal Engineering Consultants is providing engineering services.
CHESTERFIELD COUNTY, VA. — R.E. Michel Co. has purchased a 20,462-square-foot warehouse in Chesterfield County from K.B. Properties for $1.62 million. The property, located at 601 Johnston Willis Dr., will house R.E. Michel’s distribution operations. Gregg W. Beck of Thalhimer’s Richmond, Va., office brokered the sale.
BRADENTON, FLA. — A developer based in Pinellas County, Fla., has purchased a 4,160-square-foot CarMax Buying Center from an undisclosed LLC for $1.39 million. Located at 3808 W. 14th St. in Bradenton, the property is an outparcel in Centre Pointe Commons. Michael Jaworski represented both parties in the transaction.
CHESAPEAKE, VA. — David Ching of Marcus & Millichap’s Oakland, Calif., office has represented an undisclosed buyer in the purchase of a 2,563-square-foot Burger King store from an undisclosed seller for $1.31 million. The property spans 1.21 acres at 217 Carmichael Way in Chesapeake.
WASHINGTON, D.C. — Washington-based Hickok Cole Architects is working to complete a design of the NYU-DC center, a new mixed-use New York University building in Washington. The property will be located on L Street and will encompass a lecture hall, seminar rooms, offices and student residences. NYU-DC will house undergraduate Arts and Science programs and satellite facilities for The Brademas Center for the Study of Congress, The Robert F. Wagner Graduate School of Public Service and NYU’s Office of Government and Community Affairs.