DURHAM, N.C. — Lee Holder of Raleigh, N.C.-based Anthony & Co. has leased 168,295 square feet of space at a building in Research Triangle Park to Global Electric Electronics. Further details of the lease were not announced. The property, located at 2910 Weck Dr. in Durham, will serve as a recycling space for electronics.
Southeast
ASHEVILLE, N.C. — Thomas D. Wood & Co.’s Marshall Smith has secured a 15-year, $7.2 million loan for the 164,672-square-foot Forest Ridge Shopping Center, located at 1636 Hendersonville Rd. in Asheville. The loan comes with a 15-year amortization and a 6.25 percent fixed rate. The anchor tenant, Wal-Mart, is planning a 40,000-square-foot expansion. Additional tenants include RadioShack and Subway.
NAPLES, FLA. — Logan Fort Myers Associates has sold an Office Max to OLP Naples for $6.16 million. Dan O’Berski, Bill Young and Larry Foster of CB Richard Ellis’ Fort Myers, Fla., office brokered the transaction with the help of the company’s Atlanta office. The property is located at 3770 Ninth St. N. in Naples.
ATLANTA — John Glass of Marcus & Millichap’s San Francisco office represented an undisclosed party in the sale of 12 Napa Auto Parts stores leased to Genuine Parts Co., which were listed at a sales price of $18.65 million. The properties are located in Bessemer, Ala., Florida City and St. Augustine, Fla., Lake City, Ga., Jackson, Miss., Charlotte, N.C., Midlothian, Va., Vancouver, Wash., and four other states. The stores are between 5,000 and 11,000 square feet, and the leases come with six 5-year renewal options. Rob Fox of Marcus & Millichap’s Atlanta office represented the buyer, and Marcus & Millichap employees in 11 states helped broker the transaction.
GEORGIA — Atlanta-based MetroGroup Development, a preferred developer of CVS/pharmacy stores in Georgia and Florida, is currently constructing two stores in Georgia and has plans for 16 more statewide. Construction is underway on CVS/pharmacy stores in Macon, Ga.’s Hartley Station and in Rome, Ga., at the intersection of Martha Berry Boulevard and North Rome Connector. In the next 2 to 12 months, MetroGroup will begin construction on two stores in Atlanta, three stores in Sandy Springs, Ga., and one store each in Braselton, Canton, Cartersville, College Park, Ellijay, Fairburn, LaFayette, LaGrange, Newnan, Sharpsburg and Tallapoosa, Ga.
HOLLYWOOD, FLA. — Deerfield Beach, Fla.-based SIKON Construction Corp. has completed a 96,000-square-foot Kohl’s department store. Located at 4999 Sheridan St. in Hollywood, the two-story building was designed by Tulsa, Okla.-based Scott & Goble Architects.
HUNTSVILLE, ALA. — Beverly Hills, Calif.-based O&S Holdings has leased a 42,000-square-foot building to The Sports Authority as part of the more than 150,000-square-foot second phase in Huntsville’s Bridge Street Town Centre. The store, located on the corner of Old Madison Pike and Governors West Drive, will open in fall 2009. The new tenant will join a 14-screen Monaco Pictures, a 210-room Westin Huntsville Hotel and 144,000 square feet of office space.
ATLANTA — Hotel Equities has renewed its 3,475-square-foot lease with RB41 PCE for its Atlanta headquarters, located at 41 Perimeter Center East in Atlanta, and is planning this month to start construction on an expansion. By adding 4,282 square feet to its headquarters, Hotel Equities will more than double the size of its offices. CresaPartners’ Ed Riggins represented Hotel Equities in the lease renewal, and Caroline Nolen of Barry Real Estate represented the landlord.
ORLANDO, FLA. — Dennis Carson and George Good of CB Richard Ellis have represented an affiliate of St. Petersburg, Fla.-based The Sembler Company in its sale of the 1.14 million-square-foot Winter Garden Village to an affiliate of Cole Real Estate Investments for an undisclosed amount. The open-air shopping center, located on 161 acres at the intersection of State Road 429 and State Road 535 in Orlando, is anchored by SuperTarget, Lowe’s Home Improvement Warehouse, Best Buy, Barnes & Noble, Marshalls and Staples. Michael Strober of CB Richard Ellis Capital Markets arranged financing for the transaction through Northwestern Mutual.
JACKSONVILLE, FLA., AND MANASSAS AND CHARLOTTESVILLE, VA. — Regency Centers Corp. has contributed three of its properties to Oregon Public Employees Retirement Fund, one of its co-investment partners, in a deal worth $83.4 million. The transaction included the Publix-anchored John’s Creek Center in Jacksonville, a center in Manassas anchored by Shoppers Food Warehouse and Hollymead Town Center in Charlottesville, which is anchored by Target and Harris Teeter.