RICHMOND, VA. — AH Richmond Tower 1 has purchased 0.38 acres of land from James Center Development Co. c/o CSX for $3 million. Plans for the space, located at the intersection of 10th and Canal streets in Richmond, include the Williams Mullen Center, a high-rise office building. Jeffrey Cooke and Suzanne White of Thalhimer brokered the sale.
Southeast
MECHANICSVILLE, VA. — Morgata has purchased a 12,000-square-foot medical office building from Meadowbridge for $1.6 million. The property, located at 8201 Atlee Rd. in Mechanicsville, houses a physical therapy clinic that the buyer plans on expanding. Thalhimer’s Birck Turnbull brokered the sale.
GAINESVILLE, VA. — A 140,000-square-foot Wegmans supermarket has opened at the Shops at Stonewall, located on Lee Highway and Old Carolina Road in Gainesville. The store features a seafood bar, a cheese shop and a bakery and will employ 600 workers. Co-anchors Staples, Bed Bath & Beyond, Ross Dress For Less and Michaels have already opened in the 317,572-square-foot shopping center. Future tenants include Wink Optometry, The Athlete’s Foot, SunTrust Bank and Bubbles.
RALEIGH, N.C. — Buffalo, N.Y.-based The Rose Hill Group of WNY has secured a $15.9 million construction loan for the 73,000-square-foot Lafayette Village. Located on Falls of Neuse Road in Raleigh, the property is 80 percent preleased to office and retail tenants. Financing for the loan was provided through a national bank.
SIMPSONVILLE, S.C. — Philadelphia-based Exeter Property Group has purchased a 121,871-square-foot warehouse from E & G Investments for $4 million. Located at 1410 Old Stage Rd. in Simpsonville, the 13-year-old building is fully leased by Pratt Industries. David Hume and Britton Burdette of Marcus & Millichap’s Atlanta office brokered the transaction.
WEST PALM BEACH, FLA. — Construction is nearly complete on Ocala, Fla.-based Edwards Construction Services’ 61,100-square-foot Iron Mountain warehouse. The $3.8 million building, located in West Palm Beach, will house Iron Mountain’s information management, records management and data protection operations. The property features fire sprinklers and a multi-story racking system. Fort Lauderdale, Fla.-based Architectural Alliance designed the building.
MIAMI LAKES, FLA. — Miami-based Courtelis Co. has welcomed four new tenants and will soon bring four more to its Red Palmetto Shoppes, located on N.W. 163rd St. in Miami Lakes. A 21,000-square-foot Office Depot has taken up the center’s anchor position, and Glamour Salon & Day Spa has opened a 2,100-square-foot store. T-Mobile has moved into a 1,053-square-foot space, and Express Employment Professionals will occupy a 1,050-square-foot parcel. A 5,000-square-foot Unlimited Fitness & Wellness Center, a 4,500-square-foot Commerce Bank, a 2,100-square-foot Dickie’s BBQ and a 1,529-square-foot Firehouse Subs will open next year.
STATESBORO, GA. — CBL & Associates Properties and Ewing Southeast Realty have completed the 162,000-square-foot Statesboro Crossing shopping center. The 50-acre property, located at the corner of Brannen Street Extension and Veteran’s Memorial Parkway in Statesboro, is anchored by PETCO, T.J. Maxx, Hobby Lobby and Books-A-Million. The center also includes more than 38,000 square feet of specialty stores, such as Rack Room Shoes, Avon and Hibbett Sports.
ALPHARETTA, GA. — Duke Realty has sold an 80,000-square-foot warehouse to Chicago-based First Industrial, a real estate investment trust, for $4.4 million. Kimberly-Clarke is the major tenant in the building, which is located at 11415 Old Roswell Rd. in Alpharetta. Duke Realty’s Brian Sutton represented the seller, and Bob Burdell of NAI Brannen Goddard represented First Industrial.
CHARLOTTE, N.C. — DT Plaza Charlotte has sold the 51,130-square-foot Dollar Tree Plaza to a New York-based private investor for $3.45 million. The 24-year-old center, which is located at 3618 Albemarle Rd. in Charlotte, is anchored by Chuck E. Cheese and Dollar Tree. The center is 90 percent occupied. Sperry Van Ness/Lighthouse Commercial Realty’s Troy A. Legge represented the seller, and the buyer was represented by Atlanta-based Andy Radford Real Estate Investments.