March 04, 2010
DEVELOPER BREAKS GROUND ON LUXURY APARTMENTS
The 351-unit Preserve at Alafia will deliver in 2011. HILLSBOROUGH COUNTY, FLA. — Garrison Developer Group of Florida has broken ground on the 351-unit Preserve at Alafia, the first phase of a $100 million mixed-use project. The five-story luxury apartment complex is located on the Alafia River in Hillsborough County and features 3,000 feet of frontage on a wildlife conservation area. The entire mixed-use development is slated to deliver during the summer of 2011.
HEALTHCARE TRUST TO BUY SOUTH CAROLINA MOB
MOUNT PLEASANT, S.C. — Healthcare Trust of America has executed an agreement to purchase the 60,800-square-foot Medical Center at East Cooper from a subsidiary of Tenet Healthcare for $10 million. The property is located on the campus of Mount Pleasant's East Cooper Regional Medical Center and is 90 percent leased to 16 tenants.
CHESAPEAKE SHOPPING CENTER SOLD
CHESAPEAKE, VA. — A private Virginia-based investor has purchased the 13,559-square-foot Chesapeake Square Shoppes from a private seller for an undisclosed price. The Chesapeake property houses Firehouse Subs, Rita's Ice, Tropical Smoothie and Five Guys Burgers & Fries. Rob Carter, David Webb and Alex Quarrier of Berkeley Capital Advisors brokered the sale along with S.L. Nusbaum's John Litz.
SHOPPING CENTER GROUP GRABS 2 MILLION SF LEASING ASSIGNMENT
ATLANTA — RREEF has tapped The Shopping Center Group to market its Southeast and Mid-Atlantic portfolio, which totals 2 million square feet. The assignment encompasses 10 retail centers located in the Carolinas, Florida, Georgia and Virginia. The centers have an average occupancy of 94 percent. Two significant Atlanta-area properties include the 207,000-square-foot Providence Square in Marietta, Ga., and the 186,058-square-foot Perimeter Square in Atlanta.