TEMPLE TERRACE, FLA. — Chattanooga, Tenn.-based 3H Group has acquired an 83-room Fairfield Inn & Suites in Temple Terrace, from Maryland-based Baywood Hotels, for $7.5 million. Jaiman Patel and Niven Patel of Marcus & Millichap’s Tampa, Fla., office represented the seller, and Jaiman also represented the buyer, along with Jeffrey Solenberger, of the same office.
LAKE MARY, FLA. — Fonon Inc. has signed a 131,000-square-foot lease at 400 Rinehart Road in Lake Mary. The landlord, Humphrey Realty, was represented by Bill Parke and Sher Tolan of Carter, and the lessee was represented by Dale Clemens of Clemens Commercial Real Estate. The tenant, a high-tech manufacturer of laser and semi-conductor products, will utilize 100,000 square feet for office space and 31,000 square feet for manufacturing purposes.
JACKSONVILLE AND CORAL GABLES, FLA. — Bacardi USA has leased 300,000 square feet at One Imerson Park Blvd. in Jacksonville and is building a 225,000-square foot headquarters building in Coral Gables. Wayne Schuchts and Ed Lyden of Staubach’s Miami office represented the lessee in the transaction. Additionally, Staubach will provide design construction consulting services for the new headquarters in Coral Gables.
SHENANDOAH COUNTY, VA. — Solaris Paper has signed a 10-year build-to-suit lease for 406,000 square feet at the North Shenandoah Industrial Park in Shenandoah County. BPG Development will oversee the development and construction of the 29-acre project on behalf of the landlord, BPG Investment Partnership VIII and VIII A. Construction will begin this month, and the project is scheduled to complete fourth quarter. The site has been designed and approved for up to 100,000 additional square feet. John Lesinski and Joshua Gurland of Winchester, Va.-based Leland Group Commercial Real Estate were the sole brokers and exclusively represented the landlord. The property is located near the intersection of Interstate 81 and I-66.
PUNTA GORDA, FLA. — Charlotte 41 Properties has acquired a 97,210-square-foot former Wal-Mart retail building in Punta Gorda, from Wal-Mart Stores, Inc., for $6.5 million. The property is located at 3811 Tamiami Trail. Allen Molin of CB Richard Ellis’ Fort Myers−Naples, Fla., office represented the buyer, and the seller was represented by Larry Foster and Bill Young, also of CB Richard Ellis.
ANDERSON, S.C., AND KANNAPOLIS, N.C. — Home-Towne Suites has acquired two Mainstay Suites hotels in Anderson and Kannapolis, from David Drye Co., for a total of $6.4 million. In Anderson, the hotel property features 79 rooms, a swimming pool and a business center. In Kannapolis, the hotel features 80 rooms and a business center. Ed James of The Mumford Company’s Newport News, Va., office, Tom Sommer of its Chicago office and Steve Kirby of its Atlanta office were the sole brokers in the sales transaction and exclusively represented the seller. The buyer intends to renovate the properties for operation as core brand products.
ORLANDO, FLA. — Kuehne + Nagel has leased 141,000 square feet at AMB Palmetto Distribution Center in Orlando, located near Interstate 4 and Highway 27. The tenant will utilize the space as its dedicated distribution and warehousing activities to support the Flordia operations of an entertainment customer. Bayne Porter and David Murphy of CB Richard Ellis’ Atlanta office represented the lessee, and the landlord was represented by Kevin Hoover of CB Richard Ellis’ Orlando office.
ORLANDO, FLA. — Vista Hospitality has acquired SunSpree Resort by Holiday Inn, a 507-room, 10-acre property in Orlando, from Miami-based LNR Property Corp., for an undisclosed amount. The resort features a swimming pool, fitness center, meeting space, an arcade, four restaurants and the Bikini Bottom Theatre. Ali Baheri of Molinaro Koger’s Washington, D.C. office was the sole broker and exclusively represented the seller. Vista will manage the hotel and retain the Holiday Inn Resort flag. The resort is located along State Route 535 near the Walt Disney World Resort.
SPRING LAKE, N.C. — New York-based First American Exchange Corp. has acquired Village on the Lake Luxury Apartments, a 115-unit, 30-acre multifamily community in Spring Lake, from Village on the Lake LLC, for $16.9 million. The property also includes an adjacent land parcel that has entitlements for the development of 108 additional units. The complex was 94 percent occupied at the time of sale and is located at 605 Village Lake Court, near Fort Bragg and Fort Pope Air Force Base. Jim Scofield of Sperry Van Ness’ Raleigh, N.C., office represented the seller, and the buyer was represented by Lefku & Company.
ORLANDO AND PENSACOLA, FLA. — Members of San Antonio-based Parham Group, Noah’s Ark Development, Cross Metal Buildings and NDS Construction, have developed two self-storage facilities for Silver Springs, Md.-based Sunburst Hospitality Corp. and Noah’s Ark Self Storage in Orlando and Pensacola, respectively. In Orlando, East Colonial Self Storage was developed for Sunburst Hospitality Corp. The facility features 93,700 square feet and 641 units, ranging from 25 to 300 square feet. The property is located at 10280 E. Colonial Dr. In Pensacola, Noah’s Ark Self Storage opened an 80,000-square-foot facility featuring 688 units, ranging from 25 to 300 square feet. The property is located at 451 E. Cervantes St., near the downtown area, and will be operated by Joshua Management.