ATLANTA — Deloitte & Touche has agreed to lease 260,000 square feet of space at One Ninety One Peachtree with Cousins Properties. The new deal renews Deloitte’s 100,000-square-foot lease and expands its office 160,000 square feet. Not included in the long-term lease are 24,000 square feet leased to Deloitte on a temporary basis. One Ninety One Peachtree Tower is currently 87 percent leased.
LEE COUNTY, FLA. — The third phase of Gulf Coast Town Center, featuring 79,000 square feet of retail space, has broken ground in Lee County, Fla. The project will initially feature a 70,000-square-foot Dick’s Sporting Goods and 9,000 square feet of specialty retail. Two junior anchors, as well as additional specialty shops and restaurants, will commence construction at a later date. Dick’s Sporting Goods is scheduled to open in October. Gulf Coast Town Center is a joint venture by Cleveland-based Richard E. Jacobs Group and CBL Associates, headquartered in Chattanooga, Tenn.
ROME, FITZGERALD AND CORDELE, GA. — Atlanta-based RCG Ventures recently acquired West Towne Square located in Rome, a 87,378-square-foot shopping center anchored by Big Lots, and Colony Square, a 55,160-square-foot center anchored by Dollar Tree, in Fitzgerald from North Miami-based Equity One for an undisclosed price. Parker Blanchard of RCG Ventures brokered the sale. The seller was represented by Brad Peterson of the Staubach Company’s Orlando office and Richard Reid in the Atlanta office. Represented by Jim O’Donnell in-house, RCG Ventures also purchased Cordele Corners in Cordele. from Rockville, Md.-based CW Capital for an undisclosed price. The 51,678-square-foot property is anchored by Tractor Supply Co. Bob Ison of Dallas-based United Corners represented the seller.
ALEXANDRIA, VA. —Trammel Crow Residential and Olayan America Corp.’s New York office are developing Alexan Carlyle in a joint venture for $94 million in Alexandria, Va. The 280-unit, five-story luxury apartment building will be located on a 2.8-acre parcel at 800 John Carlyle St., two blocks from the new 2 million-square-foot U.S. Patent and Trademark Office. The property will feature resort-style amenities including a pool, clubhouse, exercise room, billiards room and business center. Architects Cubellis DCA designed three distinct portions of the building to reflect the classic Federal architecture of the nearby Old Town Alexandria, the art-deco period and an urban lofts look, respectively. The Alexan Carlyle is part of the 77-acre master planned urban mixed-use center. The first units are expected to deliver in the third quarter of 2009.
ALEXANDRIA, VA. —Trammel Crow Residential and Olayan America Corp.’s New York office are developing Alexan Carlyle in a joint venture for $94 million in Alexandria, Va. The 280-unit, five-story luxury apartment building will be located on a 2.8-acre parcel at 800 John Carlyle St., two blocks from the new 2 million-square-foot U.S. Patent and Trademark Office. The property will feature resort-style amenities including a pool, clubhouse, exercise room, billiards room and business center. Architects Cubellis DCA designed three distinct portions of the building to reflect the classic Federal architecture of the nearby Old Town Alexandria, the art-deco period and an urban lofts look, respectively. The Alexan Carlyle is part of the 77-acre master planned urban mixed-use center. The first units are expected to deliver in the third quarter of 2009.
SOUTHEAST APARTMENT PARTNERS ARRANGE SALES IN FLORIDA AND NORTH CAROLINA JACKSONVILLE, FLA., AND WINSTON-SALEM, N.C. — Brian Moulder of Southeast Apartment Partners’ Jacksonville, Fla., office brokered the sale of Island Pointe Apartments in Jacksonville for $18.6 million. The multifamily complex features 288 garden-style units. The seller is an affiliate of Denver-based Sagebrush Realty Holdings, and the buyer is Atlanta-based D.E.L. Development. Daniel Eller of Southeast Apartment Partners’ Raleigh-Durham, N.C. office has represented Steven D. Bell and Company in the sale of Deerwood Crossing and Dutch Village, a two-property multifamily portfolio located in Winston-Salem, N.C., for $19.3 million. Combined, the properties contain 288 townhome units and are situated on more than 42 acres of land. Vaios Theodorakos of Framingham, M.A.-based VTT Properties purchased the properties.
ATLANTA — Gallery Residences, a 27-story, multifamily high-rise developed by Novare Group, will open in February at the intersection of Peachtree and Rumson roads in Atlanta’s Buckhead district. Features of the 203-unit property include 10-foot ceilings, floor-to-ceiling windows, a fitness facility pre-wired for iPod docking stations and a 24-hour concierge. A private, 1,000-square-foot gallery on the ground floor will spotlight artwork from Atlanta-area galleries.
ATLANTA — Two commercial floors of a high-rise mixed-use development in Atlanta, totaling 22,500 square feet, sold for $4.2 million to an undisclosed buyer. Clear Development and 1720 Dekalb Associates sold the two floors, located at 2285 Peachtree St. Daniel Latshaw and Robert Whitmore of Atlanta-based Bull Realty were the transaction agents.
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