Work starts on Olympia Pharmacy plant
Construction is under way on a compounding pharmacy in southwest Orlando under building standards devised for drug manufacturing operations.
Precision Building Construction LLC of Orlando is building the 6,000-square-foot facility for Olympia Pharmacy at 6700 Conroy Windermere Road in the Shoppes of Winder Oaks Plaza. Completion is expected in early December.
Olympia provides customized-dosage prescriptions for humans and animals, performs high-risk compounding and makes bio-identical hormones, anti-aging products and flavored medications.
The building will more than double the size of a facility that Precision previously built for Olympia in the same plaza. The cost is $750,000 for the project, which will be rated by the International Organization for Standardization for sterility in compounding injectable medicines.
“We designed the clean room, where compounds are mixed and chemicals are sterilized, to have a federally rated ISO 5 rating, and the anteroom, where employees shower and don their masks and gowns, to have an ISO 7 rating,” said Chuck Hobus, president of Precision Building Construction.
Design Styles Architecture of Tampa was architect for the project.
Design
Cuhaci & Peterson Architects Engineers Planners, Orlando, completed the design of a 151-room Element Hotel at Fashion Square Mall on East Colonial Drive in Orlando. Construction is expected to start in early 2014. The $10 million project will be certified by the U.S. Green Building Council. The contract was from Starwood Hotels & Resorts, the developer of Element.
Leases
Highwoods Properties Inc. completed five Orlando leases, including a 17,000-square-foot lease expansion that McCalla Raymer LLC signed for Highwoods’ Landmark Center Two in downtown Orlando. Dave Ayers represented Highwoods Properties. McCalla Raymer was represented by the Colliers International team of Jamie Barati, Todd Davis and Danny Rice. …
Equity Partners brokered two long-term office leases in East Orlando in the Research Park/University submarket. Orion Technologies LLC, which moved from Merritt Island, leased 5,956 square feet. Community Based Care of Central Florida Inc., represented by Chris Sproles of CBRE, leased 14,542 square feet.
Sales
CBRE‘s Net Lease Property Group completed the sale of a single-tenant Pep Boys property at 2994 Alafaya Trail, Oviedo. The buyer, Cole Capital of Phoenix, Ariz., purchased the property for $3.45 million from Alafaya and Carrigan LLC. CBRE represented the seller. The property was a build-to-suit for Pep Boys, which signed a 15-year lease for the 14,380-square-foot building on 1.5 acres. …
The CBRE team of Shelton Granade, Luke Wickham and Justin Basquill represented the seller in the sale of a $42.2 million portfolio of four apartment complexes, including Millenia West in Orlando. …
Landmark Apartment Trust of America Inc., a multifamily real estate investment trust, acquired four properties in Florida, Texas and Alabama for $98.2 million. One of the acquisitions was Landmark at Woodland Trace, 1450 Sunshadow Drive, Casselberry. …
The Marcus & Millichap team of Kent Hricko and Vincent Cortazar represented the seller, Bank of the Ozarks, in the $285,000 sale of a 164,221-square-foot commercial parcel on U.S. Highway 441 in Apopka.
See the story in the Olando Sentinal HERE