Easton Group closes 120,000sf transaction

rpitts — Tue, 23 Dec 2008 08:46:37 -0500

DORAL - The Easton Group has purchased a 120,000sf warehouse in Deerfield Beach. The building, at 2900 Southwest 15th St., was built in 2003 on 8.84 acres. The Easton Group, through its partnerships, bought the warehouse from Graebel/South Florida Movers Inc. for $9.6 million ($81 psf) and leased it back to the company. Financing was provided by State Farm Life Insurance Company.

McKibbon opens new Homewood Suites hotel

rpitts — Mon, 22 Dec 2008 16:18:11 -0500

TAMPA - Homewood Suites by Hilton, the international brand of all-suite, residential-style hotels, recently announced the opening of its newest property in Tampa. The seven-story, 144-suite hotel is owned by McKibbon Hotel Group and is managed by McKibbon Hotel Management. General Manager Todd Kinney brings nearly 20 years of hotel management to the venture, which is coupled with more than seven years of experience from Director of Sales Mike Nealon.

C&W negotiates lease for Ross Dress for Less

rpitts — Mon, 22 Dec 2008 16:09:32 -0500

ORLANDO - Cushman & Wakefield of Florida Inc. announced that Ross Dress for Less Inc. has renewed its lease of 44,000sf space at Shoppes at Hunt Club, committing to five years at 474 South Hunt Club Blvd. in Apopka.

Associate Director of Retail Brokerage Services Mindy Boehm negotiated the lease, representing the landlord, Shoppes at Hunt Club Enterprises Inc., in the transaction.

OAK completes work on College of Business

rpitts — Mon, 22 Dec 2008 16:01:47 -0500

FORT MYERS - Owen-Ames-Kimball Company has completed construction of Florida Gulf Coast University’s Lutgert College of Business at the Fort Myers campus. Described as FGCU’s signature building, the 70,000sf, four-story building sits prominently at the university’s front entrance.

Visitors to the new building are greeted by a 20-foot stainless steel sculpture that rises from a step waterfall pool. Beyond is a dramatic 70-foot glass curtain wall entrance. The U-shaped building wraps around a central brick-finished protected courtyard area, which opens to the main campus.

Alenia to build 300,000sf center

rpitts — Mon, 22 Dec 2008 15:55:04 -0500

JACKSONVILLE - Mayor John Peyton announced that Alenia North America Inc. will build a final assembly and delivery center for the C-27J Spartan cargo plane at Cecil Commerce Center.

Alenia plans to add 300 new jobs paying an average wage of $55,000 to the local market. The company also expects to invest approximately $104 million in new, private capital and construct a building greater than 300,000sf.

Flagler breaks ground on Cordoba project

rpitts — Mon, 22 Dec 2008 15:54:26 -0500

MIAMI - Flagler Development announced the groundbreaking of Cordoba, the first residential building to be developed within the 120-acre Downtown Doral mixed-use community.

The four-story, 224-unit Cordoba features residences from 700sf to 1,300sf and joins the recently opened 7950 Professional Center, a commercial office condominium. With a 20-month construction timeframe, Cordoba is scheduled for occupancy in summer 2010.

Law firm launches equity matchmaker tool

rpitts — Mon, 22 Dec 2008 15:52:27 -0500

ORLANDO - Law firm Foley & Lardner LLP announced the launch of its Senior Living Private Equity Matchmaker tool, the latest addition to its proprietary online Private Equity Matchmaker software platform that is designed to enhance the ability of Foley attorneys to refer potential business opportunities to its existing client base.

Fisher Auction marks $21M condo-block sale

rpitts — Mon, 22 Dec 2008 15:39:07 -0500

TAMPA - Fisher Auction has completed the sale of a portfolio of 171 condominium apartments along with 12,930sf of retail space for $21.9 million. The portfolio was offered for auction as one unit of sale.

The United States Bankruptcy Court engaged Fisher Auction Company Inc., along with Cushman and Wakefield, to market and auction the portfolio, part of “The Place” at Channelside in Tampa. The developer fell into insolvency trying to cope with rapidly declining condo prices and buyers who backed out of their contracts.

Crown starts work on WaterGrass school

rpitts — Mon, 22 Dec 2008 15:38:30 -0500

WESLEY CHAPEL - Construction is under way on WaterGrass Elementary School, a Green public school inside the master-planned community of WaterGrass on Curley Road in southeast Pasco County.

The 88,000sf school is on a 22.4-acre site transferred to the Pasco County School District by Crown Community Development, says Teri McGinnis, marketing director for Crown, which is developing the 2,000-home community. The school property incorporates two acres of wetlands.

Grubb & Ellis closes 69,400sf lease renewal

rpitts — Mon, 22 Dec 2008 15:35:20 -0500

TAMPA - Grubb & Ellis|Commercial Florida negotiated a long-term renewal lease for 69,400sf of industrial space at 1150 North 28th St. in Centreport 60 off SR 60 between the Crosstown Expressway and I-4 in Tampa.

Jan Boltres, CCIM, and Mike Scott, principals and senior vice presidents at Grubb & Ellis|Commercial Florida, represented the tenant, Global Warehousing & Distribution Inc., in negotiating the renewal agreement valued at $1.4 million.

Tampa Industrial Partners LP is the landlord.

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