March 05, 2010
IDI NABS TWO LEASES TOTALING 428,081 SQUARE FEET
IDI has leased 428,081 square feet in the Westfork Business Park in Lithia Springs, Ga. LITHIA SPRINGS, GA. — Global Experience Specialists has renewed a 199,505-square-foot least at IDI's Westfork Business Park in Lithia Springs. Gordon Benedict of Cushman & Wakefield represented GES in the transaction. Bob Tardy served as in-house represention for IDI. Also at Westfork Business Park, Bunzl Distribution Southeast LLC has signed a 228,576-square-foot lease, which includes a 76,192-square-foot expansion. Mark Sonnenberg of Colliers Turley Martin Tucker and Mike Spears of Colliers Spectrum Cauble represented Bunzl in the lease transaction. Bob Tardy represented IDI.
STALLED CONDO PROJECT PURCHASED IN BOCA RATON
BOCA RATON, FLA. — An area real estate firm has sold the 248-unit Eden Condominiums to a joint venture of Priderock Capital Partners and an investment firm managed by URDANG, a subsidiary of BNY Mellon Asset Management. Terms of the transaction were not disclosed. Construction on the Boca Raton property, which features an 18,000-square-foot clubhouse and a pool, started in 2002 and is still unfinished. The buyers plan to complete construction by the end of 2010, converting the condominiums to apartments and renaming the property The Heritage at Boca Raton.
EDWARDS CONSTRUCTION COMPLETES FLORIDA REC CENTER
THE VILLAGES, FLA. — Edwards Construction Services has finished the Seabreeze Regional Recreation Center in The Villages. The property includes a 34,826-square-foot recreation building and a 2,816-square-foot pool building. Sports courts and picnic pavilions are also included on the grounds. A grand opening is scheduled for March 11.
FORMER RESTAURANT SOLD TO VIRGINIA CREDIT UNION
RICHMOND, VA. — Virginia Credit Union has purchased a 6,816-square-foot building from BRC Richmond for $1.45 million. Located at 9498 W. Broad St. in Richmond, the property, a former Hams Restaurant building, sits on 1.34 acres. Thalhimer's Bruce Bigger brokered the sale.
GYM LEASES SPACE IN SOUTH CAROLINA SHOPPING CENTER
GOOSE CREEK, S.C. — East Shore Athletic Club has leased 43,200 square feet from Spring Hill Associates for space in the Shannon Park Shopping Center. The property is located at 214 St. James Ave. in Goose Creek. Erin England and Billy Ellison of Colliers Keenan in Charleston, S.C., represented the landlord in the lease.