DEERFIELD BEACH AND CORAL SPRINGS, FLA. — Deerfield Beach-based SIKON Construction Corp. has completed two SuperTarget stores totaling more than 370,000 square feet. The firm finished a 186,212-square-foot store at the intersection of Hillsboro Boulevard and Powerline Road in Deerfield Beach and has built a 185,000-square-foot store at the intersection of U.S. 441 and Wiles Road in Coral Springs. Minneapolis-based RSP Architects designed both buildings.
WINCHESTER, VA. — Cowperwood Co. and KMD Architects’ development of a $28 million,165,000-square-foot facility in Winchester for the Federal Emergency Management Agency has been completed and is fully operational. The property is LEED certified and features a green roof to absorb rain water and a 10-foot wall made from local boulders. The building includes office and warehouse space and an emergency command center.
BALTIMORE — Greater Baltimore AHC has received $30 million in financing for the renovation of its 301-unit MonteVerde, an affordable housing complex located in the Park Heights community of Baltimore. The funding, which was obtained from state bonds, housing tax credits and a conventional loan, will allow an upgrade to the kitchen and bath area of each apartment. Further renovations include a new complex entrance with added security features and new HVAC upgrades. The project is already underway, with Baltimore-based The Michael Group serving as general contractor with the help of the local architect Hord Coplan Macht.
WASHINGTON, D.C. — J Street Development, through a joint venture with a fund advised by Hartford, Conn.-based UBS Global Asset Management, has acquired a 109,959-square-foot office building, located at 666 11th St. in Washington. The 11-story building, which was built in 1968, is proximate to all five metro lines and includes a three-level garage. J Street is in the midst of planning interior and exterior renovations.
COOKEVILLE, TENN. — Memphis, Tenn.-based Baldor Electric Co. has sold the 671,000-square-foot CoLinx Distribution Center, located at 1536 Genesis Rd. in Cookeville, to Crossville Acquisitions for $30.69 million. Terry E. Smith of NAI Nashville brokered the transaction with the help of Fort Smith, Ark.-based Bradford & Udouj Realtors’ John Hagen.
ARLINGTON, VA. — Trammell Crow Residential, in a joint venture with Prudential Real Estate Investors, will soon break ground on the 217-unit Alexan 24, located at 2400 24th Rd. South in Arlington. Bank of America has provided a $70 million loan for construction, and twenty of the units will be reserved as affordable housing. Amenities of the five-story property include a pool, fitness center and game room. Delivery is scheduled for third quarter 2010.
WALTON, KY. — Regency Centers has opened its 139,610-square-foot Walton Towne Center, located at the intersection of Mary Grubbs Highway and Interstate 75 in Walton. The center is anchored by an 116,471-square-foot Kroger Marketplace, which features a gas station; an 18,000-square-foot Kroger Liquor store sits next door to the Kroger. Kohl’s Department Store and outparcels featuring McDonald’s, Heritage Bank, The Bank of Kentucky and Walton Pharmacy & Food Mart have opened.
POMPANO BEACH, FLA. — Tal Frydman and Chad Bishop of Marcus & Millichap’s Fort Lauderdale, Fla., office represented both parties in a Pompano Beach private investor’s sale of the 180-unit Banyan Village East to a Miami-based management company for $7.67 million. The property, located at 1880 N.E. 48th St. in Pompano Beach, has 147 vacant units. The buyer plans to rent the unsold condos as apartments.
VIRGINIA BEACH, VA. — Lee Hall Plaza has purchased a 12,500-square-foot D&M Seafood Building and a 1,000-square-foot BP gas station from Davis Family Partnership for $2.8 million. The buyer will use the buildings, located at 1645 and 1649 Independence Blvd. in Virginia Beach, for future development. Thalhimer’s John Duffy, Christopher Rouzie and Drew Haynie brokered the transaction.
CHARLOTTE, N.C. — North Carolina-based Grubb Properties has broken ground on a mixed-use complex, located at 1515 Elizabeth Ave. in Charlotte, featuring a 78,000-square-foot medical office building, 20,000-square feet of retail space and the 282-unit Sterling Elizabeth Apartment Homes. The site is located near the entrance to Presbyterian Hospital and is part of the overall Elizabeth Avenue development plan that calls for 250,000 square feet of retail, 340,000 square feet of office space and 850 residences. Grubb Properties’ project is expected to cost $75 million and will deliver in early 2010.