HOLLY SPRINGS, GA. — Baltimore-based Prime Retail is developing Prime Outlets – Holly Springs, a $120 million, 450,000-square-foot outlet center, located approximately 30 miles north of Atlanta along Interstate 575. The center will open in 2010 and is expected to house 120 stores.
FRANKLIN, TENN. — Brentwood, Tenn.-based Coda Development has broken ground on Camden Commons at Gateway Village, a $70 million, 130,000-square-foot mixed-use center at the 60-acre Gateway Village development in Franklin. The European-style project will feature retail space, restaurants, offices and 190 residences. Phase one will include a single-story retail building and a three-story building featuring residential lofts and street-level retail, totaling 55,000 square feet. The mixed-use development is located at the intersection of Moore’s Lane and Franklin Road. Construction will begin in June on phase one and complete next spring, and Gateway Village is expected to complete construction in 2011.
BIRMINGHAM, ALA. — Alpine Partners, a subsidiary of Minturn Properties, has acquired Alpine Village, a 160-unit multifamily complex, from an affiliate of Harbor Group International, for $7.2 million. The community features one-, two- and three-bedroom units, averaging 916 square feet. Amenities include a swimming pool, a tennis court, a fitness center and a playground. The property was 94 percent occupied at the time of sale. Meredith Ray and Robert Simon of Corporate Realty Advisors represented the buyer.
RICHMOND, VA. — The School for the Performing Arts purchased two office buildings in Richmond, from N. Hamilton Associates, for $1.6 million. The vacant 12,000-square-foot building will be utilized as the school’s headquarters, and the adjacent 16,000-square-foot building is fully leased to the Commonwealth of Virginia. Suzanne White and C. Lee Warfield of Thalhimer | Cushman & Wakefield represented the buyer, and the seller was represented by Barry Hofheimer of CB Richard Ellis.
LAKELAND, FLA. — MidFlorida Federal Credit Union has acquired a 3,904-square-foot bank building in Lakeland, from Jacksonville, Fla.-based Wachovia Bank NA, for $1.3 million. The property is situated on a .61-acre-site at 1817 Crystal Lake Rd. Larry Bossarte and Cheryl Bossarte of NAI Realvest represented both the seller and the buyer in the sales transaction. MidFlorida will open a new branch at the facility.
DALTON, GA. — Opus South Corp. is developing Hammond Creek, a 168-acre mixed-use project in Dalton, located at the northwest corner of North Dalton Bypass and Underwood Road. The development will feature 1.2 million square feet of retail space, which will be built in three phases. Additional phases will include apartments, senior housing and an office component. Construction is slated to begin next year. Colliers Spectrum Cauble brokered the land transaction on behalf of Opus and will also market the project.
COLUMBIA, S.C. — Jupiter, Fla.-based Asset Development Management has acquired Riverview Apartments, a 220-unit multifamily complex in northwest Columbia, from Virginia Beach, Va.-based Sterling Partners, for $12 million. Property features include a clubhouse, a fitness center, a swimming pool and tennis courts. The complex is located at 4501 Bentley Dr., near the University of South Carolina. Steve Mack and Jim Sewell of Hilton Head, S.C.-based Coastal Apartment Advisors were the sole brokers and exclusively represented the seller.
DEERFIELD BEACH, FLA. — Pennsylvania-based Seagis Property Group has acquired a 92,000-square-foot, 5.6-acre facility via a sales-leaseback transaction in Deerfield Beach, from Doormark, Inc., for $8 million. The property is located at 400 Goolsby Blvd. in northern Broward County. JC Conte of Staubach’s Miami office was the sole broker in the sales transaction.
GAINESVILLE, FLA. — Wal-Mart has opened a 35-acre, 207,000-square-foot Wal-Mart Supercenter in east Gainesville and is planning a second location in the northern area of the city. Mike Ryals of Bosshardt Realty Services represented the seller in the land transaction for the east location and is also representing the seller in the acquisition of the north Gainesville site, which is scheduled to complete by the end of next year.
YORK COUNTY, N.C. — Koll Development Co. has built Intellicenter-Charlotte, a 150,000-square-foot, three-story office building in York County, located at the southeast corner of Interstate 77 and Gold Hill Road. Daimler Trucks North America has signed an 11-year lease for the building and will occupy the property in July. The facility will house a small contingency of Daimler’s Portland, Ore.-based sales and marketing employees. Construction began last July. The project architects were Forum Studio and Gensler.