TALLAHASSEE, FLA. — Parrish Group will break ground next January on Persimmon Hill, a development on Thomasville Road in Tallahassee that features 100,000 square feet of retail and office space mixed with 20 boutique home sites. The phased project features 1,000 linear feet of frontage on Thomasville Road and is located adjacent to a 430,000-square-foot retail development. The first phase is expected to deliver in fall 2009.
MIAMI — Atlanta-based InterContinental Hotels Group has opened a 122-room Hotel Indigo in the Kendall area of Miami. The converted Ramada Limited property is the first Hotel Indigo in Miami and will be joined by two additional Hotel Indigos in Miami Lakes and South Beach this fall. Hotel amenities include a business center, wireless Internet and two restaurants. Driftwood Hospitality Management oversees daily operations of the hotel on behalf of the owner, Rodblu Investment Fund I.
PUNTA GORDA, FLA. — Owen-Ames-Kimball Co. has broken ground on a 409-space parking garage with ground level retail at the intersection of Herald Court and U.S. Highway 41 in Punta Gorda. Design elements include a roofed stair tower emblazoned with the city’s seal. Jason Prokopetz, Frank Mullins and Frank Bell of Owen-Ames serve as the construction team.
WINCHESTER, VA. — An affiliate of the Beck Co. has sold a 50-unit Econo Lodge in Winchester to Aadesh LLC for $2.9 million. The property will undergo cosmetic renovations but will retain its Econo Lodge brand. David Mumford and Ed James of the Mumford Co. represented the seller.
BUFORD, GA. — Lake Lanier Islands Resort has undergone a complete rebuilding of the 221-room Legacy Lodge & Conference Center, the first phase of a 10-year resort-wide expansion plan. Located at 7000 Holiday Rd. in Buford, hotel renovations include a 21,000-square-foot conference center, a ballroom that seats up to 300 people and six 4,500-square-foot villas. BullFrogs Bar and Grille was also expanded as part of Phase 1. The second phase, which will be complete by next spring, includes a golf course redesign and improved infrastructure.
ATLANTA — Parkside Partners of Atlanta has purchased a 50,000-square-foot warehouse, located at 5256 Peachtree Rd. in Atlanta, from a private party based in Albertville, Ala., for $3.25 million. The buyers plan on retrofitting the space for offices. William Johnson, Anthony Lois and Mary Sorrells of Bowers & Co. Land and Investment Group represented the seller.
LEXINGTON, KY. — Cohen Financial’s Mark Strauss, Bruce Krall and Kevin Greenberg arranged a $12.53 loan for Pasco Companies’ acquisition of the 208-unit Resort at Lake Crossing. The 10-year, fixed-rate loan for the apartment property, located at 3601 Brookewind Way in Lexington, includes 57 percent loan-to-value financing. The loan was financed by Wachovia through its Freddie Mac program.
WASHINGTON, D.C. — Blake Real Estate, internally represented by Steve Lustgarten, has leased 70,000 square feet in a 308,579-square-foot property, located at 1100 L St. N.W. in Washington, to the U.S. Secret Service. The General Services Administration represented the Secret Service in the transaction. Tenants in the building include CACI and the civil division of the Department of Justice. Further details of the lease were not announced.
WINTER PARK, FLA. — The Sorensen Trust has sold a 3,872-square-foot commercial building, located at 935 N. Orange Ave. in Winter Park, to 935 Orange Avenue LLC for $1.41 million. Mark Squires of Maitland, Fla.-based Coldwell Banker Commercial NRT and Palkiper Real Estate Services’ Marie Boyle brokered the transaction.
COLLEGE PARK, GA. — Atlanta-based Grove Street Partners will break ground next month on two LEED-certified hotels, representing the first phase of the 1 million-square-foot, mixed-use Gateway Center in College Park. The seven-story, 403-room Marriott, which will feature meeting and ballroom space and two restaurants, is expected to deliver in August 2010. The 147-room Spring Hill Suites will deliver in February 2010. The hotel developments represent a $134 million investment by Grove Street, Fidelity Investments of Boston and Williams Opportunity Fund. Smallwood, Reynolds, Stewart, Stewart & Associates designed the Marriott, with Goode Van Slyke Architecture working on the Spring Hill hotel. Brasfield & Gorrie will serve as general contractor.