HOLLYWOOD, FLA. — Fort Lauderdale, Fla.-based Stiles Construction recently completed a three-phase, 151,341-square-foot oceanfront redevelopment project for the City of Hollywood, located at Garfield Street midway between Hollywood Boulevard and Sheridan Street. The project includes a 148,000-square foot parking garage and the 3,341-square-foot Garfield Community Center. An additional part of the development, Charnow Park, features four beachfront pavilions and an interactive fountain.
Southeast
NEWNAN, GA. — Coweta Summit Associates recently sold the three-story, 67,333-square-foot medical office building Summit Healthplex, located at 1755 Highway 34 East in Newnan, to an undisclosed buyer for $26 million. Tenants include Georgia Bone & Joint, Georgia Rehabilitation Center and Meriwether County Hospital Authority. Atlanta-based Bull Realty’s Paul Zeman brokered the property for the seller.
BIRMINGHAM, ALA. — Needham, Mass.-based Potomac Realty Capital recently arranged a $31 million, 7-year loan for a 507-unit apartment complex in Birmingham. The loan, converted from an acquisition bridge loan, is structured as a Freddie Mac first mortgage.
ST. PETERSBURG, FLA. — Camille Renshaw of Colliers Arnold’s Clearwater, Fla., office represented the local firm Foresight Technologies in its sale of a 17,712-square-foot office building, located at 695 Central Ave. in St. Petersburg, to Cortland Realty Partners I for $3.25 million. The buyer was represented by Natalie Feldman of Tampa, Fla.-based Eisner, Feldman & Grant.
GAINESVILLE, FLA. — Brett Chetek and Jonathan Brackman of Marcus & Millichap’s Jacksonville, Fla., office brokered Northwood Shoppes’ sale of the 15,293-square-foot Shoppes of Northwood, located at 5000 NW 34th St. in Gainesville, to Alachua, Fla.-based Dalvar for $2.2 million. Chetek and Brackman also represented the buyer.
ATLANTA — Roswell-based designer Randall-Paulson Architects has recently completed the 109,845-square-foot Building 100, the first phase of the 327,000-square-foot industrial project, Hartsfield East, located on Wilson Road near Hartsfield-Jackson Atlanta International Airport. Building 100 is 80 percent leased to global integrated logistics manager UTi. Construction on the 108,475-square-foot Building 200 will commence in the fall with the 109,000-square-foot Building 300 to follow.
MIAMI — Construction will begin by the end of this year on the more than 60,000-square-foot Kallisto, Boston-based Congress Group’s luxury multifamily development located at 120 Ocean Dr. in Miami’s South Beach. Plans call for eight single-floor residences and two penthouses, which range in cost from $4.9 to $13.5 million. Condos are designed with floor-to-ceiling windows and personal exercise rooms, and the property includes a pool, sauna and bar. Delivery is expected in the fourth quarter of 2010.
BELCAMP, MD. — Construction has begun on a 24,000-square-foot office building, the third in Columbia, Md.-based Manekin and Alex Brown Realty’s $60 million, 467,000-square-foot Water’s Edge Corporate Campus, located at the intersection of U.S. routes 40 and 543 in Belcamp. The lead tenant, Johns Hopkins Community Physicians, has signed an 11-year lease for the new building, which will deliver in February.
ANNAPOLIS, MD. — Canada-based Sun Life Assurance Co. recently sold the 51,971-square-foot Parkway Building, located at 200 Harry S. Truman Pkwy. in Annapolis, to the Maryland Association of Realtors for $12.8 million. The four-story building is 92 percent leased. Sun Life was represented by Dennis Malone, Phil Iglehart, Jay Wellschlager and Jon Carpenter of Colliers Investment Services Group, a division of Colliers International.
NEW PORT RICHEY, FLA. — Kerry Walsh of Coldwell Banker Commercial Wikle Properties’ Palm Harbor, Fla., office recently represented both parties in Helen Ellis Memorial Hospital’s sale of a 17,600-square-foot medical office building to a local buyer for $2.5 million. Walsh represented both parties in the transaction for the building, located at 2114 Seven Springs Rd. in New Port Richey.