ORLANDO, FLA. — Orlando-based Rhodes+Brito Architects is designing renovations to two area schools worth $31 million. The company will complete a $28 million renovation that adds up to 25 new classrooms at Walker Middle School, located on Lancaster Road in Orlando. Design work will start in October, and construction is slated to begin in early 2010. Rhodes+Brito has also just entered the design phase in the $3 million renovation of Rosemont Elementary School. Construction will start next summer on the building, located off Rose Bay Drive at Rosemont in Orlando.
ORLANDO, FLA. — Lane Florida has broken ground on the 183-unit Montage, a 19-story apartment community located at 101 Lake Ave. in Orlando. The property features 8,000 square feet of ground-level retail space and will be built to silver LEED standards. Amenities include a rooftop 24-hour fitness center, club room and pool. The building, which is expected to deliver in late spring 2010, was designed by Houston-based EDI Architects.
JACKSONVILLE, FLA. — Bryan Bartlett of Grubb and Ellis| Phoenix Realty Group has represented the owner in the sale of a 315,000-square-foot industrial building to Amalfi Capital Group for $6.65 million. The property is located at 1507 Industrial Blvd. in Jacksonville.
MEMPHIS, TENN. — HSA Commercial Real Estate has acquired a 344,400-square-foot warehouse, located at 5321 Shelby Dr. in Memphis, from Crews Inc. in a sale-leaseback transaction. Since the building’s completion in 1986, Crews Inc. has occupied the property and will continue to operate from the facility. The seller was represented by NAI Saig Co.’s Hank Martin.
ORLANDO AND APOPKA, FLA. — San Antonio-based Noah’s Ark Development has commenced construction of two Noah’s Ark Self Storage stores totaling more than 170,000 square feet. Slated for completion in spring 2009, the 645-unit Noah’s Ark Balboa, located at the intersection of Apopka-Vineland Road and Balboa Drive in Orlando, will span 94,000 square feet. The 556-unit Noah’s Ark Rock Springs, located at 837 N. Park Ave. near Rock Springs Road in Apopka, encompasses more than 79,000 square feet and will deliver in early summer 2009. Both stores will feature climate-controlled units, digital video surveillance and glide roll-up doors.
OSCEOLA COUNTY, FLA. — Realvest Development has completed three buildings — one totaling 49,920 square feet and two smaller ones at 13,600 square feet and 11,600 square feet — at Poinciana CommerCenter West. The facility, located at U.S. 17-92 and Poinciana Parkway in Osceola County, features 20-foot ceilings, energy-efficient lighting and solar windows.
CUMMING, GA. — Sean Leahy of Phoenix-based Tradition Realty Advisors has represented an undisclosed buyer in the sale of a 14,820-square-foot Walgreens, located at 2595 Peachtree Parkway in Cumming, for $4.95 million. Marcus & Millichap represented the undisclosed seller.
ST. PETERSBURG, FLA. — H.I.P. Paving has purchased a 31,796-square-foot two-building portfolio, located at 800 31st St. S and 650 34th St. S in St. Petersburg, from Cox Lumber Co. for $1.1 million. Scott Clendening of St. Petersburg-based Commercial Partners Realty represented the buyer.
WASHINGTON, D.C. — Washington-based Perseus Realty, in partnership with YMCA of Metropolitan Washington, FLGA Real Estate Group and Capmark Investments, has broken ground on a $97 million mixed-use project, located at the intersection of 14th and W streets in Washington’s U Street Corridor. The property includes 231 apartments, a 46,000-square-foot redevelopment of a historic YMCA and 12,200 square feet of retail space. The $15 million YMCA building will feature fitness and childcare facilities, meeting rooms and a 25-meter indoor swimming pool. Hellmuth, Obata & Kassabaum and Davis Carter Scott Ltd. are designing the 263,000-square-foot development. Delivery is expected by December 2010.
ORLANDO, FLA. — Freehold, N.J.-based Monmouth Real Estate Investment Corp. has purchased a 110,638-square-foot industrial building, located at 950 Bennett Rd. in Orlando, from Delaware-based FE Orlando Investment Limited Partnership for $8.3 million. The property is leased to Federal Express Corp. until 2017.