LAKELAND, FLA. — Lakeland-based Publix Super Markets Inc. has entered into an agreement with Bi-Lo Holdings LLC, parent company of the BI-LO and Winn-Dixie grocery store chains, to purchase seven BI-LO stores in North and South Carolina. The seven stores include 8120 S. Tryon St. in Charlotte, N.C.; 12810 York Road in Charlotte; 9815 Rose Commons Drive in Huntersville, N.C.; 158 Highway 274 in Lake Wylie, S.C.; 3110 Fincher Farm Road in Matthews, N.C.; 1735 Heckle Blvd. in Rock Hill, S.C.; and 2186 Cherry Road in Rock Hill. Grand opening dates for the locations will depend on the scope of the remodels, according to Publix.
ATLANTA — Washington, D.C.-based StoneBridge Investments has acquired Spalding Crossing, a 252-unit luxury apartment community located between Atlanta's Sandy Springs and Dunwoody neighborhoods. The community is also located within Atlanta's Central Perimeter office submarket. An offshore investment group and a Netherlands-based affiliate of StoneBridge provided equity for the purchase. Additionally, SunTrust Bank N.A. provided a $24.3 million acquisition loan. StoneBridge will soon begin a $2.7 million upgrade to the community. StoneBridge has retained ZRS Management LLC to provide property management services.
LOUISVILLE, KY. — A joint venture between Brennan Investment Group and TriGate Capital has acquired Tradeport I, a 212,500-square-foot, Class A distribution facility. The property is located at 9001 Cane Run Road in Louisville's Riverport submarket. Kevin Grove of CBRE Louisville represented the seller, Principal Real Estate Investors, in the transaction. The acquisition is TriGate Capital's second investment with Brennan and its first acquisition in Louisville.
ATLANTA — Atlanta-based Fairlead Commercial Real Estate LLC and The Creations Group have acquired 34 Peachtree, a 30-story office tower located in downtown Atlanta. The buyers purchased the mortgage note for nearly $11.9 million, or $39 per square foot, in partnership with private investors based in Asia. The prior ownership had paid approximately $28.3 million for the property in 2005. The 282,589-square-foot office tower, which is currently 66 percent leased, went into foreclosure on Sept. 3. Fairlead acted on behalf of its ownership entity, One Park Tower LLC, in the all-cash transaction. Cushman & Wakefield represented special servicer Midland Loan Services in the note sale. Fairlead will handle leasing and property management services at 34 Peachtree.
ATLANTA — HFF has arranged $114 million in non-recourse financing for Promenade, a 775,089-square-foot, Class A office tower located in Atlanta's Midtown submarket along Peachtree Street. The property, built in 1990 as a build-to-suit for AT&T, is adjacent to The Four Seasons, Colony Square and the High Museum. The office tower is currently 87 percent leased. Mark Sixour and Bill Ireland of HFF arranged the nine-year, fixed-rate loan through Northwestern Mutual on behalf of the borrower, Atlanta-based Cousins Properties Inc.
ACWORTH, GA. — Colliers International has arranged the sale of Acworth Crossing and Acworth Avenue Shops in Acworth, a northwest suburb of Atlanta. Acworth Crossing sold for $12.5 million and Acworth Avenue Shops for $3.6 million. Acworth Crossing, a 118,829-square-foot center located at 3335 Cobb Parkway N.W., is 83 percent leased to tenants Best Buy, Michaels, PetSmart and Dollar Tree. Acworth Avenue Shops, a 16,130-square-foot, unanchored retail strip center, is fully leased to national and local tenants. Joseph Montgomery and Tony D'Ambrosio of Colliers International represented the sellers in the transactions. A CMBS bondholder was the seller of Acworth Crossing and a national shopping center owner was the seller of Acworth Avenue Shops.
NAPLES, FLA. — Stevens Construction has been selected as the construction manager for Landmark Hospital of Southwest Florida, a 50-bed, acute-care facility located on Goodlette-Frank Road in Naples. The three-story, 86,676-square-foot hospital will specialize in wound care, low-tolerance rehabilitation, mechanical ventilation and treatments. The first floor of the hospital will be shell space available for lease; the second floor will accommodate operating rooms, conference rooms, CT scans and administrative offices; and the third floor will feature a 10-bed ICU, 10-bed progressive care unit and 30 medical and surgical beds. Construction is slated to begin in early 2014. HuntonBrady Architects designed the new hospital.
MIDDLE RIVER, MD. — Washington, D.C.-based Greysteel has arranged the sale of Miramar Plaza Shopping Center, a 37,000-square-foot, unanchored retail center located at 901-915 Middle River Road in Middle River, about 12 miles outside Baltimore. Gil Neuman of Greysteel represented the seller, Vanguard Equities, and procured the buyer, Aasan Investment LLC, in the transaction. The property is currently 92 percent leased.
MIAMI — Sedgwick LLP and Veritext Legal Solutions have signed leases totaling 27,000-square-foot at One Biscayne Tower, a 700,000-square-foot office tower located in downtown Miami. The two 10-year leases have a combined value of $9 million. Ryan Holtzman of Taylor & Mathis represented the landlord in the two lease transactions. Catarina Jimenez of Jones Lang LaSalle represented Sedgwick LLP and Ryan Ackerman of CBRE represented Veritext Legal Solutions.
GREENSBORO, N.C. AND NASHVILLE, TENN. — Landmark Apartment Trust of America Inc., a multifamily REIT based in Richmond, Va., has purchased two apartment communities in two separate transactions for $37 million. The apartment communities include the 240-unit Landmark at Battleground Park, formerly known as Mission Battleground Park, in Greensboro and the 360-unit Landmark at Glenview Reserve, formerly known as Mission Briley Parkway, in Nashville. The apartment communities have an average 95 percent occupancy.