KENDALL, FLA. — Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap, has arranged the sale of Lakeside Villas, a distressed 190-unit condominium community in Kendall, for an undisclosed price. Still Hunter III, Evan Kristol and Alex Zylberglait of IPA advised the receivership. A local private investor purchased the 137,840-square-foot multifamily property that is located at 15140 S.W. 75th Circle Lane in Kendall. It was built in 1985 and includes one- and two-bedroom units.
ASHBURN, VA. — The Fresh Market will open a new location in Ashburn. The 23,000-square-foot specialty grocery store is set to break ground this month and will open this fall. This will be the first location for the specialty grocer in Loudoun County, Va. It will be located within One Loudoun, a 358-acre master-planned community featuring 1,040 homes and 702,000 square feet of retail space including fine dining and upscale shopping. One Loudoun Downtown LLC, a joint venture between Miller and Smith and North America Sekisui House LLC, is developing One Loudoun.
MIAMI BEACH, FLA. — The 14,987-square-foot SunTrust Bank building at 9600 Collins Ave. in Miami Beach’s Bal Harbour Village has sold for $13.5 million. An affiliate of the owner of Bal Harbour Shops purchased the office building from a wholly owned subsidiary of Inland American Real Estate Trust Inc. Casey Rosen and Mark Drazek of CBRE’s National Net Lease Property Group and Paco Diaz of its Miami retail team represented the seller.
GOOSE CREEK, S.C. — An industrial property situated on 87.36 acres directly across from a Google data center in Mt. Holly Commerce Park off Highway 52 in Goose Creek has sold for $3.3 million. Thomas Buist Jr. of Lee & Associates’ Charleston, S.C. office represented the seller, Goose Creek Industrial Investors, and Milton Thomas III of Lee & Associates represented the buyer, EF Sanders LLC.
DES PLAINES, ILL. — Saban Capital has acquired a 239,331-square-foot office building in Des Plaines for $39 million. The FAA Great Lakes regional headquarters and a smaller General Services Administration tenant lease 92.5 percent of the four-story office building. Transwestern’s Chicago office arranged the sale of the property, 2300 East Devon, on behalf of O’Hare Lake Office Park LLC. 2300 East Devon is one of five multi-story buildings within the 50-acre O’Hare Lake Office Park. The property was 94 percent occupied at the time of sale.
OAK BROOK, ILL. — Inland Real Estate Acquisitions and IREIT Business Manager & Advisor, on behalf of Inland American Real Estate Trust, have acquired retail assets in four states totaling $25.5 million. The properties include: Newington Fair, a 186,205-square-foot shopping center located in Newington, Conn., purchased for $17.2 million; and a portfolio of seven Dollar General stores, totaling approximately 63,000 square feet, located in Alabama, Georgia and Tennessee, purchased for $8.3 million. Lou Quilici, senior vice president of IREIT Business Manager & Advisor, facilitated the acquisition of Newington Fair. Joe Cosenza, president of Oak Brook-based Inland Real Estate Acquisitions, facilitated the purchase of the Dollar General stores.
SHAKOPEE, MINN. — Arizona-based Liberty Property Trust has purchased two buildings at Park 2000 in Shakopee, Minn., south of Minneapolis. The first property, Park 2000 Phase II located at 5555 12th Ave. E., is a 128,172-square-foot office building and is fully leased to S.W. Anderson Co., My Pillow and North American Membership Group Inc. The second property, Park 2000 Phase IV located at 1150 Gateway Drive, is a 153,454-square-foot industrial building and is fully leased to Logistics International LLC. LNR Partners was the seller. Terms of the deal were not disclosed.
RAYMORE, MO. — Sam’s Club has broken ground on a 136,085-square-foot grocery store at Raymore Galleria shopping center in Raymore just south of Kansas City. The store is scheduled to open this October. Sam’s Club is the newest tenant to the 400,000-square-foot shopping center located at Highway 58 and Dean Avenue. Kansas City-based Block & Co. Inc. is construction manager for the project.
MANKATO, MINN. — Marcus & Millichap has sold O’Reilly Auto Parts, an 8,343-square-foot property for $700,000 in Mankato, south of Minneapolis. The net-leased property is located at 510 Pfau St. Marcus & Millichap represented the buyer, an individual trust, and the seller, a private investor, in the deal.
SOUTH WINDSOR, CONN. — Marcus & Millichap has arranged the $32.2 million sale of a FedEx Ground package and sorting facility in South Windsor. The 224,061-square-foot facility is fully leased to FedEx Ground Package Systems for 15 years. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the buyer in the transaction.