AVENAL, CALIF. – The 40-unit Pleasant Valley Manor has sold to an unnamed buyer from Avenal Associates for $1,880,000. The community is located in 1017 E. Dome Street in Avenal. Al R. Inouye and Steven A. Nelson of Hendricks & Partners’ Sacramento office negotiated this transaction.
BEAVER, UTAH – The 35-unit Best Western Butch Cassidy Inn motel in Beaver has sold to Digvi Inc. for $1,425,000. Mike Francis, an investment specialist in Marcus & Millichap’s Salt Lake City office, marketed the listing exclusively on behalf of the seller, a limited liability company. Francis also secured the buyer.
DENVER — Unique Properties has sold a free-standing retail building in Denver to Matthew Morris Salon for $1,110,000, or $178.31 per square foot. The 6,225-square-foot building is situated on a 15,246-square-foot lot that also features off-street parking. It is located at 26 W. Ellsworth Ave. Matthew Morris plans to renovate the building and open its salon by summer 2012. The seller, Regas Christou, was represented by Tim Finholm and Sam Leger of Unique Properties.
ATLANTA — A joint venture between Carter Validus Mission Critical REIT (CV Reit) and three institutional investors has purchased the 338,000-square-foot Peachtree Data Center, located in downtown Atlanta, for $94.75 million. CV REIT will control and run the operations of the property, which is currently fully leased to six tenants. The building underwent a $230 million renovation in 2010.
ATLANTA — Los Angeles-based Cohen & Associates has purchased Renaissance Walk, a mixed-use development located at 171 Auburn Ave. NE in Atlanta, for $12.5 million. The original developer sold 21 of the condominium units before converting the remaining 140 units into apartments. Also included in the property is 30,500 square feet of retail space. The apartments are currently 90 percent occupied. CBRE represented both the buyer and the seller in the transaction. Shlomi Ronen of Los Angeles-based Dekel Capital arranged financing.
MIAMI — Miami Avenue Holding has sold five retail spaces, a 6,000-square-foot office and an 18,000-square-foot lot, located at 1036 & 1040 S. Miami Ave. and 21 SW 11th St. in Miami, for $7.5 million. Fabio Faerman of Miami-based Fortunue Commercial Division represented both the seller and the undisclosed buyer in the transaction.
TAYLORS, S.C. — Marcus & Millichap has arranged the $2.05 million sale of the 80-unit Cunningham Villas, located at 24 Cunningham Rd. in Taylors. Mark Boyce of Marcus & Millichap's Charleston office represented both parties in the transaction. Amenities include laundry facilities, a playground and outdoor grill areas.
CHARLOTTE, N.C. — SCOR Global Life America (formerly Transamerica Reinsurance Co.) has signed a 140,000-square-foot lease at the Bank of America Plaza, located at 101 S. Tryon St. in Charlotte. The building is 97 percent leased to tenants including Alston + Bird and Bank of America. Keith Bell of Mohr Partners’ Charlotte office, along with Merrill Roth of Newmark Knight Frank’s New York City office, represented the tenant in the lease transaction. Peter Conway and Rhea Greene of Trinity Partners’ Charlotte office represented Dallas-based Behringer Harvard, the landlord.
DES MOINES — Dunkin' Donuts has signed a store development agreement with a franchisee team that includes siblings Lori Kelderman High and Jeff Kelderman, for eight new restaurants in Des Moines. Two restaurants are slated to open in 2013 and the remainder by 2016. Franchise opportunities are still available in Iowa, specifically in Sioux City and Ottawa as well as Lincoln and Omaha, Neb.
POWELL, OHIO — Powell Crossing, a 48,750-square-foot retail center has sold for $7.3 million in Powell. The center's shadow anchor, Kroger, recently expanded its space by 20,000 square feet. Dan Cooper of Cooper Commercial Investment Group represented the sellers, Columbus, Ohio-based Powell-Sawmill LLC. He also found the buyer, a private group from Texas.