ALEXANDRIA, VA. — Smoot Lumber has signed a lease renewal for 172,000 square feet in First Potomac Realty’s Plaza 500 property at 6295 Edsall Rd. in Alexandria. As the lead tenant in the plaza, Smoot Lumber occupies a third of the property, which is home to 15 tenants spread across 504,000 square feet. Simpson Properties represented Smoot in the transaction, and First Potomac represented itself.
LOUISVILLE, KY. — Madison, Wis.-based Behnke Venutres recently acquired a 1.7-acre lot at Southgate Shopping Center in Louisville for construction of a 3,940-square-foot Culver’s Restaurant, which will open this fall. The Louisville-based Inman Group’s Jim Hutcherson represented the buyer, and the seller was represented by Mike French, a broker for Southgate Associates.
WASHINGTON, D.C. — Christopher Dixon of Marcus & Millichap represented 3634 Georgia, LLC, in the $1.4 million sale of the three-story, 5,000-square-foot property at 3634 Georgia Ave. in Washington. The building, which was completed in 2005, houses a yoga studio on the second and third floors and a bar, the Looking Glass Lounge, on street level. The buyer, 3634 Avenue, LLC, was unrepresented.
DORAL, FLA. — Gateway Warehouse & Consolidators has sold a 17,000-square-foot, Class A warehouse, located in the Beacon Industrial Park at 10850 NW 30th St. in Doral, for $2.6 million. Servicios Agecom purchased the building. Edward J. Redlich of ComReal Miami represented the seller.
HENDERSONVILLE, TENN. — Capitol Development International is nearing completion on the first retail building at the 16-acre Creekside Shoppes at Indian Lake, located on Indian Lake Blvd. in Hendersonville. Contracts for five of the nine parcels, ranging from 1 to 4.6 acres, have already been signed, and a hotel chain is moving onto a 2-acre plot on the property. The building will be finished by the end of July.
CHESAPEAKE, VA. — Old Dominion Truck Leasing recently purchased an 8-acre, 19,500-square-foot property for new offices, truck servicing and fleet storage from Ford Motor Co., for $3 million. Patrick L. Mumey and W. Scott Wermers of Thalhimer handled sale negotiations of the property, located at 2608 Indian River Rd. in Chesapeake.
CLEARWATER, FLA. — First Industrial has sold its 18,500-square-foot flex building, located at 4908 Creekside Dr. in Clearwater, to Kashi Groves, for $2.4 million. Scott Clendening and Baharea Saffary of Commercial Partners Realty represented the buyer. Clendening and Saffary also represented Madison Realty Capital in its sale of the 13,950-square-foot office complex Villages at Countryside, located at 26338 U.S. Highway 19 N. in Clearwater, to 26338 U.S. Highway, LLC, for $1.4 million.
LITHONIA, GA. — Harbor Group International recently sold Creekside Crossing, a 281,000-square-foot, 280-unit apartment complex, located at 100 Cavalier Crossing in Lithonia, to Grubb & Ellis Apartment REIT. The property features 37 storage units, a two-story leasing center and a car care center. David Gutting and Todd Trepke of Cushman & Wakefield represented the seller, and financing was arranged by Don Marshall, Mike Bryant and John Reed of Capmark Finance.
JACKSONVILLE, FLA. — Exeter Property Group purchased an 85,259-sqaure-foot industrial building in EastPark Business Center, located at 11902 Central Pkwy. in Jacksonville, from Tech Packaging. The seller will continue to operate its corporate headquarters from the property. John Richardson and Dan Stover of Grubb & Ellis|Phoenix Realty Group represented the seller.
WASHINGTON — Corus Bank closed a $60 million loan to a joint venture of The Cohen Companies and O’Connor Capital Partners for the construction of the 14-story Velocity, a mixed-use property located at 1025 First St. SE in Washington. The building will feature 200 condominiums and 1,400 square feet of ground-floor retail space.