ATLANTA — Duke Realty Corp. has executed a lease agreement with Kuehne + Nagel for a 211,000-square-foot build-to-suit office and warehouse distribution building, located at 4100 N. Commerce Drive in Atlanta at Duke Realty's Camp Creek Business Center. The property will serve as Kuehne + Nagel's North American headquarters. The tenant was represented by Bayne Porter of CBRE in the transaction, and the landlord was self-represented by Wes Hardy. Completion is slated for the second quarter of 2013.
GREENVILLE, N.C. — LNR Properties has sold the 308-unit Brasswood Apartments, located at 3150 Brasswood Court in Greenville, to Summer Green through Auction.com for $6.2 million. Mike Fowler and Jim Davis of Brown Investment Properties represented the seller in the transaction.
SARASOTA, FLA. — Marcus & Millichap has arranged the $2.1 million sale of the 119-unit Sunrise Villas, an apartment complex located at 1809 19th St. in Sarasota. Michael Regan and Francesco Carriera of Marcus & Millichap represented both private investors in the transaction.
ROCK HILL, S.C. — Morgan Property Group has plans to build a 14,550-square-foot Walgreens, located at the intersection of Heckle and Herlong boulevards in Rock Hill. The company acquired the 1.9-acre parcel of land from First Place Bank and H. Allen Tate Jr. for $1.6 million. This is third Walgreens the company has developed in the Carolinas.
FORT LAUDERDALE, FLA. — Winthrop Realty Trust has acquired a first mortgage loan for a 326,000-square-foot office and retail building, located in Fort Lauderdale. The loan, which is currently in maturity default, has an outstanding balance of approximately $44.9 million and was purchased for $42.8 million.
ROSEMONT, ILL. — World Kitchen LLC has leased 55,000 square feet for its world headquarters in Rosemont. The housewares company will occupy space at Columbia Centre III, located at 9525 West Bryn Mawr Ave. David Kimball, Pamela Rose and Jay Beadle of MB Real Estate represented World Kitchen in the transaction. Tom Saletta of Saletta Commercial Realty represented the landlord.
PALMYRA, IND. — Marcus & Millichap has arranged the $1.5 million sale of Dollar General, a 12,480-square-foot, net-leased property in Palmyra, located near the border of Indiana and Kentucky. Nathan Whalen of Marcus & Millichap represented the seller, a developer in the transaction. Brent Silcox, also of Marcus & Millichap, represented the buyer, a partnership.
URBANA, ILL. — Love Funding has arranged a $6.4 million loan for the refinancing of Stone Ridge Square Apartments, a 160-unit apartment community in Urbana. Robyn Cunningham of Love Funding's St. Louis office arranged the 35-year loan through the U.S. Department of Housing and Urban Development's 223 (f) loan program. Stone Ridge Square, which was built in 1997, is a garden-style apartment community consisting of one-, two- and three-bedroom units.
NEW YORK CITY — Marcus & Millichap has arranged the $1.5 million sale of 2475 Hughes Ave., a 20-unit apartment property in the Bronx. Marco Lala, Jack Lala and David Raciti of Marcus & Millichap's Manhattan office represented the seller, a private investor. They also represented the buyer.
ELIZABETHTOWN, PA. — Exeter Property Group has purchased 1499 Zeager Rd., a 290,000-square-foot industrial building in Elizabethtown. Prior to the sale, the former single-user facility had been converted to multi-tenant use. The building is approximately 50 percent occupied by companies in the pet pharmaceutical industry, such as Butler Schein Animal Health. Gerard Blinebury, Leah Balerno and Pat McBride of Cushman & Wakefield represented the seller in the transaction. Exeter was represented in-house.