LOUISA AND LYNCHBURG, VA. — Fort Lauderdale, Fla.-based Morgan Real Estate has arranged 1031 exchanges for two Walgreens drugstores in Louisa and Lynchburg. GAC Lousia acquired a single-tenant Walgreens, situated on 2.3 acres at 1102 N. Main St. in Louisa, from Louisa Main Street Realty. GAC Lynchburg VA acquired a single-tenant Walgreens, situated on 1.4 acres at 5006 Boonsboro Rd., from Boonsboro Road Realty. Stan Johnson Company’s Tulsa, Okla., office and Net Lease Capital Advisers’ Nashua, N.H., office represented the buyers, and the sellers were represented by Morgan Real Estate in both transactions.
LAKE CHARLES, LA. — A Houston-based limited liability company has acquired Terrace 12 Apartments, a 1-acre, 25,041-square-foot complex in Lake Charles, for $1.3 million. The property is located at 155 East Pkwy., and was 98 percent occupied at the time of sale. William Hoffpauir and Thomas Pate of Marcus & Millichap’s Lafayette office represented the buyer.
LAKE CHARLES, LA. — A Houston-based limited liability company has acquired Terrace 12 Apartments, a 1-acre, 25,041-square-foot complex in Lake Charles, for $1.3 million. The property is located at 155 East Pkwy., and was 98 percent occupied at the time of sale. William Hoffpauir and Thomas Pate of Marcus & Millichap’s Lafayette office represented the buyer.
CHARLOTTE, N.C.; JACKSONVILLE AND TAMPA, FLA. — Crescent Resources is developing three apartment complexes, as a part of its new upscale, environmentally friendly Circle brand, in Charlotte, Jacksonville and Tampa. Circle at South End, located in Charlotte, broke ground in November. The four-story, 360-unit apartment community will seek LEED certification upon completion and features one-, two- and three-bedroom units, ranging from 550 to 1,650 square feet. The community is adjacent to the new light rail station, and includes 8,000 square feet of street-level retail. Circle at Crosstown in Tampa and Circle at Bartram Park in Jacksonville broke ground this month. The three-story communities feature one-, two- and three-bedroom apartment homes, ranging from 780 to 1,300 square feet. A total of 300 residences are planned for Crosstown, and 336 units are planned for Bartram Park. Additional communities are slated to begin construction this year, including Circle at University Marketplace in Durham N.C.; Circle at Cool Springs in Nashville, Tenn.; and Circle at Stonelake in Austin, Texas.
CHARLOTTE, N.C.; JACKSONVILLE AND TAMPA, FLA. — Crescent Resources is developing three apartment complexes, as a part of its new upscale, environmentally friendly Circle brand, in Charlotte, Jacksonville and Tampa. Circle at South End, located in Charlotte, broke ground in November. The four-story, 360-unit apartment community will seek LEED certification upon completion and features one-, two- and three-bedroom units, ranging from 550 to 1,650 square feet. The community is adjacent to the new light rail station, and includes 8,000 square feet of street-level retail. Circle at Crosstown in Tampa and Circle at Bartram Park in Jacksonville broke ground this month. The three-story communities feature one-, two- and three-bedroom apartment homes, ranging from 780 to 1,300 square feet. A total of 300 residences are planned for Crosstown, and 336 units are planned for Bartram Park. Additional communities are slated to begin construction this year, including Circle at University Marketplace in Durham N.C.; Circle at Cool Springs in Nashville, Tenn.; and Circle at Stonelake in Austin, Texas.
GAINESVILLE, FLA. — The University of Florida is building a $65 million, 160,000-square-foot biomedical sciences building in Gainesville. The six-story facility began construction in October 2006 and topped out in February. The project is slated for completion in early 2009. Orlando, Fla.-based HuntonBrady Architects are the project architect.
GAINESVILLE, FLA. — The University of Florida is building a $65 million, 160,000-square-foot biomedical sciences building in Gainesville. The six-story facility began construction in October 2006 and topped out in February. The project is slated for completion in early 2009. Orlando, Fla.-based HuntonBrady Architects are the project architect.
FORT LAUDERDALE, FLA. — Carlisle Development Group and the Housing Authority of the City of Fort Lauderdale are developing Dixie Court Apartments I and II, a $25 million, 154-unit complex, located at 950 N.W. 4th St. The garden-style community consists of 66 one-bedroom, 60 two-bedroom and 28 three-bedroom units. Amenities include a clubhouse, computer lab, library, car care area, picnic pavilion and playground. Construction began this month and is projected for completion in March 2009.
FORT LAUDERDALE, FLA. — Carlisle Development Group and the Housing Authority of the City of Fort Lauderdale are developing Dixie Court Apartments I and II, a $25 million, 154-unit complex, located at 950 N.W. 4th St. The garden-style community consists of 66 one-bedroom, 60 two-bedroom and 28 three-bedroom units. Amenities include a clubhouse, computer lab, library, car care area, picnic pavilion and playground. Construction began this month and is projected for completion in March 2009.
RICHMOND, VA. — Virginia-based First and Franklin has acquired Linden Row Inn, a historic 70-room property in Richmond, from Silver Linden Properties, for an undisclosed amount. David Mumford, Matt Winston and Justin Pinkard of Mumford Company’s Newport News, Va., office were the sole brokers in the transaction.