BUENA PARK, CALIF. — RockTenn Corporation has signed a five-year lease at a 110,609-square-foot industrial building in Buena Park. The lease is valued at $3 million. The company plans to distribute corrugated paper products at the 5600 Knott Ave. property. It will be relocating from nearby Santa Fe Springs. RockTenn was represented by Clyde Stauff and Chris Sheehan of Colliers International. The landlord, Crown Associates Realty Inc., was represented by Scott Smith and Tim Cronin of Lee & Associates.
SPARTANBURG, S.C. — A joint venture between New York City-based The Praedium Group and Chartwell Holdings has acquired the 496-unit Haven at Oak Forest and the 204-unit Haven at North Town in Spartanburg, for $36.9 million. Haven at Oak Forest is located at 200 Health Ln., and Haven at North Town is located at 458 N. Church St. Amenities at both properties include a swimming pool, clubhouse with full Wi-Fi access, a fitness center, playground, nature walking trails, community car wash and grilling areas. Blake Oakland of ARA's Charlotte, N.C., office represented the seller in the transaction.
BOCA RATON, FLA. — Marcus & Millichap has arranged the $6.25 million sale of the 70,000-square-foot The Courtyard, a four-story office building located at 5301 N. Federal Hwy. in Boca Raton. Douglas Mandel of Marcus & Millichap's Fort Lauderdale, Fla., office, along with Benjamin Silver of the firm's Miami office, represented the seller, a Boca Raton-based partnership, in the transaction. The buyer was a local investor in a 1031 exchange.
MORRISTOWN, TENN. — A 47,600-square-foot Food City, located at 4100 Cool Springs Rd. in Morristown, has sold for $4.7 million. Food City has more than 10 years remaining on its lease for the stand-alone store. Nancy Miller and Sheree Strome Berk of Atlanta-based Bull Realty represented the seller, Foodmor Associates, in the transaction. Tom Kallenbach represented the buyer, B.B. & J. Holdings.
PENSACOLA, FLA. — A 356-unit multifamily portfolio, which contains six properties located in Pensacola, has sold for $4.5 million. The properties include the 40-unit Aspen Village, the 36-unit Crow Road, the 96-unit Dogwood Place, the 18-unit Guidy Lane, the 34-unit Myrtle Grove Villas and the 132-unit Wellington Arms. Clint Hale of Jacksonville, Fla.-based Just Multifamily represented Amvestar Capital, the buyer, in the all-cash transaction. Gerald Smith and Geoff Harlan of Orlando, Fla.-based Smith Equities Real Estate Investment Advisors represented the seller, Wellington Arms Properties, which had foreclosed on the properties in 2009.
LITHIA, FLA. — NorthMarq Capital has arranged $4.81 million in first mortgage refinancing for the 59,895-square-foot Shoppes of Fishhawk, located at 16751 Fishhawk Blvd. in Lithia. Sweetbay Supermarket anchors the center. Alison Williams of NorthMarq's Tampa, Fla., office arranged the 10-year loan with a 25-year amortization on behalf of the Tampa-based borrower through UBS — CMBS Platform.
CHICAGO — Chicago-based Bally Total Fitness has agreed to sell 39 fitness clubs to Blast Fitness Group LLC, in eight markets including St. Louis and Milwaukee. Blast plans to honor all Bally memberships associated with these markets. The transaction is expected to close May 1. J.P. Morgan Securities LLC acted as exclusive financial advisor to Bally.
LAKEWOOD, OHIO — Visconsi Cos. has sold a freestanding Sherwin Williams store in Lakewood for $1.6 million. Sherwin has approximately 9 years remaining on its 15-year lease. Mark Luttner of Luttner Real Estate Services represented the seller in the transaction. He also represented the buyer.
COLUMBUS — Ohio Employee Health Partnership has signed a 6,971-square-foot office lease at 445 Hutchinson Ave. in Columbus. Doug Falor and Randy Stephens of Cassidy Turley's Columbus office represented the landlord, Equity Office Properties, in the deal.
BOSTON — 491 Huntington Realty Trust has purchased a 24-unit apartment building in Boston's Hyde Park neighborhood for $2.7 million. The 22,320-square-foot property is fully occupied and located at 491-495 Huntington Ave. Robert Tito and Dan McGree of NAI Hunneman represented the seller, Kingsley Brightwood LLC, in the transaction. They also procured the buyer.