LAKELAND, FLA. — South Florida-based Skyrise Development Group will develop Lakeland First Business Park, a 58,700-square-foot office and warehouse facility in Lakeland, located at 1485 W. 10th St. The project is situated on 5 acres near Interstate 4 and I-75, and will feature offices and 20 retail-warehouse spaces. Construction is slated to begin in April.
GADSDEN, ALA. — Atlanta-based RCG Ventures has acquired East Side Plaza, an 85,196-square-foot shopping center in Gadsden. The property is anchored by Fred’s discount store, Burke’s, Dollar General and Food World, which is separately owned. Also, Tractor Supply has signed a lease with RCG.
SANFORD, FLA. — Oakbrook, Ill.-based Inland Atlantic Development is building Seminole Commons, a $20 million, 81,000-square-foot retail center in Sanford. The property broke ground last December, and is scheduled for completion in the fourth quarter. Indiana-based hhgregg will open a store in the 11-acre center in May, and the retailer is set to open additional stores in Northern and Central Florida, including Jacksonville, Tallahassee and Daytona Beach, this spring.
POINCIANA, FLA. Kissimmee, Fla.-based Chalifoux Management Group has acquired 37 acres from Avatar Properties for Poinciana Parke, a $100 million, 450,000-square-foot development in Poinciana Office & Industrial Park. The project will feature 150,000 square feet of space for corporate and research offices and an urgent care center and additional medical facilities. The project will also include 300,000 square feet of retail and restaurant space. Construction is slated to begin late this year. The property is located at the corner of Highway 17-92 and Poinciana Boulevard. Chalifoux is also negotiating the purchase of 36 additional acres from Avatar for the development of a $60 million mixed-use project featuring 500,000 square feet of retail office and office warehouse space. The property is comprised of adjacent 23- and 13-acre sites, located north of Highway 17-92 on Poinciana Boulevard.
BOWIE, MD. Chevy Chase, Md.-based JBG Rosenfeld Retail (JBGR) is redeveloping Bowie Marketplace, a 240,000-square-foot center located at the intersection of Annapolis Road and Superior Lane, into a mixed-use center. Main Street Marketplace, the new 185,000-square-foot, LEED-certified development, will be completed in two phases. Phase 1 will include the retail portion, and Phase 2 will focus primarily on the residential component. The retail phase will start construction in 2009, and is projected to be delivered in 2010. JBGR is negotiating with current tenants, Safeway and Rite Aid, to anchor the renovated center with new, prototype stores.
LONGWOOD, FLA. — Harkins Development, the development and general contracting division of Orlando-based Harkins Companies, has broken ground on Blackadar Office Complex, a $2.5 million, 14,000-square-foot property in Longwood. The project is comprised of four 3,500-square-foot buildings, located at the intersection of County Road 427 North and E.E. Williamson Road. Blackadar Insurance Agency will utilize one of the buildings as its new headquarters, and the remaining buildings will be offered for sale. Longwood-based The Architecture Company is the project architect. The first building is slated for completion in September.
BARTOW, FLA. — Realvest Development, a division of Realvest Holdings, has purchased a 40-acre land parcel for the future development of Bartow CommerCenter, from Lakeland, Fla.-based Overkill Hill Farms, for $2.3 million. The site is located at 91 Mine Rd. George Livingston, Drew Saphos and Christie Alexander of Orlando-based NAI Realvest negotiated the sale. Bartow CommerCenter will feature 400,000 square feet of industrial space.
VOLUSIA COUNTY, FLA. — Wyotech has developed a 90,000-square-foot motorcycle and marine repair training school in Volusia County, located 15 miles northwest of Daytona Beach. The building features 12 classrooms, three motorcycle laboratories, a marine motor laboratory, a library and student lounges. Orlando, Fla.-based HuntonBrady Architects designed the facility.
JACKSONVILLE, FLA. David Hsieh and Mark Prideaux of Marcus & Millichap s Jacksonville office have arranged the sale of the 192-room Travelodge Inn & Suites in Jacksonville on behalf of the seller, Nilesh Patel, to Kenneth Choi of Los Angeles, for $6.2 million. The buyer was represented by Connie Cho of Coldwell Banker s Los Angeles office. The property is in close proximity to the Jacksonville International Airport.
BRADENTON, FLA. — A Bradenton-based investor has purchased All U Can Storage I and II, a two-building self-storage portfolio in Bradenton, for $2.1 million. The facilities, totaling 38,200 square feet of net rentable space and 2.8 acres, are located separately. Mike Mele, Scott Rutherford and Will Gendron of Tampa-based The Mele Group of Marcus & Millichap were the sole brokers in the transaction.