BLUEFIELD, W.VA. — Stafford Hospitality has acquired Holiday Inn Bluefield, a 120-room property in Bluefield, from Equity Inns. The property is located near Interstate 77 and features a swimming pool, fitness center, sauna, restaurant/lounge and 3,500 square feet of meeting space. Ros Mallory of Jones Lang LaSalle represented the seller.
ATLANTA — Dallas-based Rosewood Hotels & Resorts has opened The Mansion at Peachtree, a 42-story, hotel and condominium tower in Atlanta’s Buckhead District. The property features 127 hotel rooms and 45 residential units. Two fine dining restaurants, NEO and Craft Atlanta, will open this month and in September, respectively. The Mansion was designed by architect Robert A. M. Stern.
POLK COUNTY, FLA.— Dallas-based Trammell Crow Company, in a joint venture with Boardwalk Land Development and Met Life, is developing Posner Park, a $500 million, 368-acre mixed-use development, located at the southeast corner of Interstate 4 and Highway 27 in Polk County. Posner Commons, an 80-acre, 630,000-square-foot retail tract, will feature several major tenants: Target, Books-A-Million, Belk, Best Buy, Staples, JC Penney, Dick’s Sporting Goods, Ross Dress For Less, Michaels and PetSmart. Retail stores are slated to open this spring and early fall. Posner Park is approved for 1.5 million square feet of retail, 1 million square feet of Class A office space, 2,600 hotel rooms and 2,000 multifamily residences. The project is expected to be completed in 2018.
CHARLOTTE, N.C. — Crosland is building Blakeney Crossing, a $26 million, 87,000-square-foot retail center in Charlotte, located opposite the Target-anchored Blakeney shopping center at the corner of Ardrey Kell and Rea roads. The project will be anchored by a 30,000-square-foot Best Buy and PetSmart, both of which will open in the fourth quarter. Additional tenants include Just Fresh, a restaurant that will open a 4,000-square-foot location; the Winestore, which will open a 1,390-square-foot location; Asian Fusion, which will open a 2,500-square-foot location late this year; Salsarita’s Fresh Cantina, which will open a 2,382 square-foot restaurant; and Omaha Steaks, which will open a 1,320-square-foot store. Blakeney is a 270-acre multi-use development, located 2 miles outside of Interstate 485.
CHARLOTTE AND CONCORD, N.C. — Michael Dean of Colliers Pinkard has negotiated the sale of an office building in Charlotte and a land parcel in Concord, respectively, on behalf of two separate buyers. Fox Entertainment/SPEED Channel purchased a 78,200-square-foot office building for its new headquarters in Charlotte, located at 1200 W.T. Harris Blvd. The facility will undergo renovations, which are projected for completion early next year. The company currently occupies a production studio located along Southern Pine Boulevard. Kelly Givens and David Gordon of Studley also represented the buyer in the transaction, and the seller was represented by Norman Walters of The Keith Corp. Heritage House Fabrics acquired a 5.6-acre land parcel in Concord for its new 50,000-square-foot office/warehouse facility. The new building is twice the size of Heritage’s previous headquarters location. The seller was represented by Bryan Crutcher and Ann Johnson of CB Richard Ellis.
WASHINGTON, D.C. — Detroit-based MayfieldGentry Realty Advisors has acquired 1522 K Street N.W., an 81,094-square-foot, 11-story office building in Washington, D.C., from Intrepid K Street, for an undisclosed amount. The Class B property was 89 percent occupied by 30 tenants at the time of sale, including: Atelier Architects, the National Sleep Foundation and R.E. Bushnell & Law Firm. Steven Gichner and Eric Berkman of Grubb & Ellis’ Washington D.C. office represented the seller. The property is located three blocks from the White House and is adjacent to the St. Regis Washington, D.C. hotel. The new owner plans to renovate the property to achieve Class A status.
HAMPTON ROADS, VA. — The Department of Defense (DoD) will build Homeport Hampton Roads, a six-story, 755-unit naval enlisted housing structure in Hampton Roads. The multifamily community will feature indoor and outdoor swimming pools, a community center, a softball field, two tennis courts, a volleyball court and two half basketball courts. Construction began early this year and is projected to complete in 26 months. Tompkins Builders, a subsidiary of Turner Construction Co., is the general contractor. The developer is Hunt Building Co., and the project architect is Lessard Group. DoD is also building military housing in San Diego.
ATLANTA — Manhattan Peachtree Properties has acquired Paces Ferry Center, a 20,930-square-foot infill strip center in Atlanta, from Paces Properties, for $8.4 million. Tenants include Willy’s Mexicana Restaurant, Hair Cuttery, Planet Smoothie, Einstein Bros. Bagels, Wolf Camera and FedEx Kinko's. Jim Hamilton, Whitney Knoll and Kevin Hurley of Staubach’s Atlanta office were the sole brokers in the transaction and exclusively represented the seller.
MIAMI — Boston-based Eaton Vance has acquired One Riverview Square, a 147,895-square-foot, eight-story office building in Miami, from Rubicon America Trust, for $49.6 million. The Class A property is 100 % leased to the United States Government GSA Immigration and Customs Enforcement and the Social Security Administration. Tom Holtz, Steve Buss and Ryan Watts of CB Richard Ellis’ Minneapolis office, as well as Christian Lee, Charles Foschini and Christopher Apone of its Miami office were the sole brokers in the transaction and exclusively represented the seller. The building is located on the north side of the Miami River, in close proximity to Interstate 95.
PALM BEACH GARDENS, FLA. — The Related Companies and Crocker Partners will open CityPlace Tower, a $110 million, 300,000-square-foot office building in Palm Beach Gardens, this month. The property features 18 stories and is located at the south entrance of CityPlace, a 72-acre mixed-use development, on the northwest corner of Okeechobee and South Quadrille boulevards. Tenants include INTECH, Carlton Fields, P.A., The ComVest Group, Shutts & Bowen, JB Hanauer & Co. and Goodrich. The ground floor will feature a Regions Bank with drive-through teller and Clevelands Clinic’s Health and Wellness Center. Boston-based Elkus/Manfredi Architects was the project architect.