GREENBELT, MD. — Columbia, Md.-based Manekin has completed the 42,300-square-foot Greenbelt Ambulatory Care Center, located at 7300 Hanover Dr. in Greenbelt. Berry Rio & Associates designed the $10 million, Class A medical office condominium. The firm utilized environmentally friendly features such as energy-efficient systems and water-saving fixtures in its design. The property is currently 72 percent sold.
Southeast
ATLANTA — The Georgia State University Foundation has purchased 3.8 acres at 188 Martin Luther King Jr. Blvd. in Atlanta from an undisclosed party for $6.6 million. The school plans to construct a football practice facility on the site in anticipation of its new football team. The property will include a 100-yard artificial turf field and a 50-yard natural grass field. Space for offices, meeting rooms, a locker room and a weight room will be incorporated into the design. A groundbreaking date has not been set, but officials hope to deliver the property by next fall. The Georgia State Panthers will start Division 1-AA play in 2010.
ARLINGTON, VA. — Chevy Chase, Md.-based JBG Cos. has broken ground on the Renaissance Crystal City Potomac Yards and the Residence Inn Crystal City Potomac Yards. The property, which encompasses the two hotels, is being built to LEED standards. Renaissance Crystal City, located on Potomac Avenue in Arlington, will feature 300 rooms, a 10,000-square-foot ballroom and 10,000 square feet of meeting rooms. The 325-unit Residence Inn will feature dishwashers and full-sized refrigerators in each room. Delivery is slated for winter 2010.
TAMPA, FLA. — Helios AR Real Estate Fund I, a $100 million fund managed by an affiliate of the Adler Group, has purchased the 332,582-square-foot Breckenridge Park from Americas Capital Partners. The business park, which consists of Class A office and industrial space spread across 15 buildings, was sold for an undisclosed amount. Matthew Adler of the Adler Group represented the buyer, and Mike Davis of Cushman & Wakefield represented Americas. The property is located at the interchange of I-4 and U.S. 301 in Tampa.
WINCHESTER, VA. — JBG Rosenfeld Retail has purchased a 76 percent interest in Winchester Gateway and Stonewall Plaza from Bruce A. Grffin LLC, the developer of the centers, for an undisclosed amount. Griffin will retain a 24 percent interest in the properties. Located at the intersection of I-81 and Route 7 in Winchester, the 157,000-square-foot Winchester Gateway is anchored by Martin’s Grocery. The center, which is 94 percent leased, also houses PETCO, Fashion Bug, Sonic, Virginia ABC, Starbucks Coffee, Quiznos Subs and Curves. The 119,000-square-foot Stonewall Plaza, which is anchored by a 68,000-square-foot Martin’s Grocery, is located at the intersection of routes 37 and 522 in Winchester. The center is 89 percent leased and is home to Dollar Tree, McDonald’s, Quiznos Subs and Wachovia.
POINCIANA, FLA. — Completing the first phase of its Poinciana CommerCenter, Small Bay Partners has opened 63,000 square feet of industrial space in three buildings. Located at the intersection of U.S. 17-92 and Poinciana Boulevard in Poinciana, one building will serve as a showroom while the other two will be used as office and warehouse space. The property features three-phase electrical power, outside storage, high ceilings and wide overhead doors.
JACKSONVILLE, FLA. — Marcus & Millichap has brokered an Aventura, Fla.-based company’s sale of the 151-unit Arlington Village apartment complex to a Jacksonville-based developer for $4 million. The buyer took out a Fannie Mae loan to finance the purchase. Arlington Village, located at 840 & 1000 Bert Rd. in Jacksonville, consists of 17 two-story buildings and is 60 percent occupied. Tal Frydman and Daniel Draizin of Marcus & Millichap’s Fort Lauderdale office brokered the sale.
MIAMI — Key International Development has completed the $121 million Ivy, a mixed-use tower in downtown Miami. The 45-story building houses 504 condominiums, and restaurant and retail businesses span the ground floor. The property, which was constructed by Fort Lauderdale, Fla.-based Moss & Associates, features a resort-style pool, a fitness facility and a sauna. Key is also developing an adjacent office tower, the 1.3 million-square-foot Mint. Moss is providing construction work on the second tower and expects a delivery date of mid-2009.
ATLANTA — The Federal Aviation Administration has leased a 98,000-square-foot office building in the Camp Creek Business Center. The facility, located at 1500 Centre Parkway in Atlanta, will house 400 workers when the FAA occupies the space early next year. Further details of the lease were not released. The FAA joins the Department of Homeland Security and the Federal Bureau of Prisons in the center. Duke Realty’s Corey Richardson represented the landlord in the transaction.
AUGUSTA, GA. — Atlanta-based R.J. Griffin Co. has broken ground on a 57,000-square-foot outpatient cancer clinic across the street from the Medical College of Georgia Cancer Research Center in Augusta. The new building will feature 30 exam rooms, 30 chemotherapy infusion stations, six private treatment rooms and a café. The $29 million project, which was designed by the Orlando office of Heery Design, will also include a 158-car parking deck. Delivery is slated for early 2010.