GREENWOOD, S.C. — Marcus & Millichap’s Michael Bennett of the Downtown Chicago office and Andrew Margulies of the North Carolina office have represented both buyers and sellers in the $2.95 million sale of the Commons strip center. Located across from Wal-Mart Supercenter in Greenwood, the 16,144-square-foot retail center sits on a 1.82-acre site.
HUNTSVILLE, ALA. — ACTS Retirement-Life Communities has acquired Carlton Cove from Carlton Cove, Inc. for $27.25 million. The entrance fee continuing care retirement community is situated on 43 acres in Huntsville. The property includes 49 single-family and duplex homes, 113 independent living apartments, and a 91-unit, 105-bed health center.
BOYNTON BEACH, FLA. — Fort Myers, Fla.-based Eagle Concrete Systems has started construction on Valencia Square in Boynton Beach. The Publix-anchored shopping center will feature six buildings totaling 83,4000 square feet. Keene Construction Co. is serving as general contractor.
CHARLOTTESVILLE, VA. — Perkins + Will have completed Phase I of the Snyder Building on the University of Virginia campus. The 86,000-square-foot, 4-story facility houses wet and dry lab space, two MRI suites, one animal suite, a vivarium, offices and conference space. Phase II will result in a total of 120,000 square feet upon completion.
ROANOKE, VA. — Star City Lodging has acquired Rodeway Inn at an undisclosed price from Mountain Valley Associates. The buyer, a regional, multi-unit owner and operator, plans to renovate the property. It will remain in the Choice Hotels brand family. David Mumford and Ed James of the Mumford Company structured the sale.
CHARLOTTE, N.C. — A Charlotte-based investment group has acquired a 101,591-square-foot industrial building from BASF Corp. in Charlotte. Situated on 14 acres, the property is located at 6685 I-85. Fred Waldman and Vern Anderson of UGL Equis represented the seller, Terry Brennan of Trinity Partners served as co-broker, and Claus Partners represented the buyer in the transaction.
COLUMBIA, S.C. — Construction has started on the new regional office for the Veterans Benefits Administration in Columbia. The 116,000-square-foot, Class A office building will be situated on 10 acres on the Dorn VA Hospital campus. It is scheduled to house 500 employees and is scheduled for completion May 2009. Project partners include development and construction firm Miller-Valentine Group, and owner/developer Keenan Development.
JACKSON, MISS. — The Hutting Building has traded hands for $3.05 million in Jackson. Jason and Carol Morehouse acquired the 100,000-square-foot industrial building from Space Point Associates. The property is located at 851-861 Boling St. and is fully leased to Hutting Building Products. Tom Baginski of San Francisco-based NAI BT, represented both parties in the transaction.
HERNDON, VA. — Union Investment Real Estate AG has acquired Woodland Pointe, a Class A office building in Herndon, from Tishman Speyer. The approximately 184,787-square-foot property was completed in January and is leased to Volkswagen of America. The six-story property is situated within Woodland Park, a business park comprising of office space, apartments, restaurants and a hotel.
BALTIMORE — WellDoc Communications plans to relocate their corporate headquarters to the Railway Express Building in Baltimore. The 5,200-square-foot space is located at 1501 St. Paul St. and is currently undergoing a $19 million conversion into a mixed-use development. The finished product will feature 30,000 square feet of office and retail space, and 30 loft apartments. Brad Berzins of NAI KLNB represented the tenant and Lone Azola of O’Connor & Mooney Realtors represented the landlord in the transaction, Railway Express LLC. The technology-based healthcare company was previously located in the Johns Hopkins University Eastern campus.