WASHINGTON, D.C. — The U.S. General Services Administration (GSA) has signed a 521,000-square-foot, 15-year lease for the U.S. Department of Justice (DoJ) at Two Constitution Square in Washington, D.C.’s NoMa district, located at 145 N. St. N.E. The DoJ is expected to commence occupancy in second quarter 2010. The move will consolidate its offices, which currently inhabit several buildings. The GSA was represented by Julie Rayfield, Neil Levy, Mett Miller, Rick Barnett and Todd Valentine of Studley’s Washington, D.C. office. The landlord was represented by Darian LeBlanc, Zeke Dodson and Mark Sullivan of Washington, D.C.-based Cassidy & Colliers Pinkard. Constitution Plaza is a 7-acre mixed-use development scheduled to break ground in April. Its first phase will deliver 1.6 million square feet of office, residential and retail space.
Southeast
GREENVILLE, S.C. — White Horse Plaza LLC has purchased White Horse Plaza, a 170,950-square-foot, 31-acre retail center in Greenville, from White Horse Associates, for $7 million. The property is located at 6119 White Horse Rd., and was 96 percent occupied at the time of sale. Tenants include Dollar General, Fred’s discount store and CitiTrends. Del Creviston of Sperry Van Ness’ Roswell office represented the seller, and the buyer was represented in-house.
BONITA SPRINGS, FLA. — Fort Myers, Fla.-based Waldrop Group has broken ground on Waldrop Center, a 38,500-square-foot, Class A office building in Bonita Springs. The three-story building will contain professional office/medical spaces, ranging from 900 to 5,900 square feet. The property is located at 28100 Bonita Grande Dr., east of Interstate 75.
FORT WALTON BEACH, FLA. — Fort Walton Beach-based Big Dog LLC has acquired Burton Golf Facility, a 109,745-square-foot warehouse facility located at 645 Anchors St., in the Fort Walton Beach Commerce and Technology Park, from Burton Golf, for $5.1 million. The building is comprised of 47,807 square feet of warehouse space, 48,282 square feet of manufacturing space and 13,656 square feet of commercial office space. The seller was represented by Russell Wamble of Destin, Fla.-based Sterling/Chambless.
CHARLOTTE, N.C. — Newton, Mass.-based Northland Investment Corp. has purchased River Birch Phase II Apartments, a 184-unit, 25-acre complex in Charlotte, from St.Louis-based The Michelson Organization, for an undisclosed amount. Community amenities include a resort-style swimming pool, volleyball court, business center and 24-hour fitness facility. Blake Okland of Apartment Realty Advisors’ Charlotte office was the sole broker in the transaction.
WASHINGTON, D.C. — Washington, D.C.-based National Pubic Radio (NPR) has acquired a 165,000-square-foot historic warehouse building in Washington, D.C.’s NoMa district, from Washington, D.C.-based J Street Development, with an institutional partner, for an undisclosed amount. NPR plans to move its headquarters to the building, with occupancy projected for 2012. NPR will keep the building façade and portions of the structure in place and add a 10-story office tower, slated to begin construction in September 2009. The headquarters will include a 60,000-square-foot broadcast and multimedia operations area and a public space for live shows and events. Vernon Knarr, Art Greenberg, Julie Rayfield and David Perlstein of Studley’s Washington, D.C. office represented the buyer, and the seller was represented by Nick Pappas of Eastdill Secured’s Washington, D.C. office. The property is located at 1111 North Capitol St. N.E.
BAL HARBOUR, FLA. — Starwood Hotels & Resorts is developing St. Regis Resorts & Residences, Bal Harbour, a 9-acre, three-tower complex featuring 268 ultra-luxury residences, 37 condo-hotel suites, 183 hotel rooms and 24 St. Regis Residence Club residences. Amenities include a state-of-the-art fitness center and a 12,000-square-foot spa. Construction began this month and is projected to be completed in 2011.
CHAMPIONSGATE, FLA. — N.Y.-based Apollo Real Estate Advisors and Houston-based RIDA Development Corp. are developing a $69 million retail, office and multifamily expansion in the downtown district of ChampionsGate, an 1,800-acre resort-style community. The project will consists of 100,000 square feet of retail and office space and 180 luxury apartments. The lifestyle center will be designed by Atlanta-based Dougherty Design, and The Reserve at ChampionsGate will be designed by Orlando, Fla.-based L2 Studios. Construction is slated to begin in May.
RICHMOND, VA. — Chicago-based The Bond Cos. has acquired Beaufont Center, a 314,898-square-foot shopping center in Richmond, from GSC/Jon Perel, for $17 million. The center is situated on 47 acres at the intersection of Midlothian Turnpike and Chippenham Parkway. The property is anchored by a 169,876-square-foot space, occupied by a division of UPS. Plans for redevelopment are undetermined. Mike Dillon of Marcus & Millichap’s Chicago office, Michael Early of its Williamsburg, Va., office and Matthew Greenspon of its Charlotte, N.C., office were the sole brokers in the transaction.
BUFORD, GA. — Lawrenceville, Ga.-based Brand Properties has developed Buford Village, a 10-acre, mixed-use project in Buford, located at the intersection of Buford Highway and Hamilton Mill Road. The project is comprised of 55,000 square feet of retail, 30,000 square feet of office space and 23 townhomes. One of two outparcels contains The Brand Banking Company. Anchor tenants opening this spring include Bella Vita, a casual Italian restaurant; Bin 33, a wine purveyor; Three Dollar Café; Flying Biscuit Café; and Seven & Co., a member of the Aveda family.