CLARKSTON, GA. — Marcus & Millichap has brokered the sale of Kristopher Woods Apartments, a 214-unit multifamily community in Clarkston, for $5.9 million. The property is located at 762 Jolly Ave. South and was 99 percent occupied at the time of the sale. Andrew Mays and Paul Vetter of Marcus & Millichap’s Atlanta office arranged the sale between the two undisclosed parties.
From farmland in the early 1970s to a major economic center in Georgia and the Southeast today, Central Perimeter has evolved into the dominant office submarket in metro Atlanta and an employment center larger than the downtowns of Nashville, Charlotte or Jacksonville. A corporate hub, Central Perimeter contains the headquarters of nearly 50 companies, including four that are Fortune 500s. During 2012, Central Perimeter also was the most active submarket in metro Atlanta, accounting for more than half of the region’s total office space absorption at 1.7 million square feet. The largest lease transaction in metro Atlanta in 2012 was in Perimeter. State Farm opened a new customer service center in nearly 500,000 square feet of space in two buildings in Dunwoody, which created 500 jobs. Metro Atlanta’s largest office sale in 2012 was the $300 million purchase of the 2.1 million-square-foot Concourse Corporate Center that includes the landmark King and Queen buildings. Additionally, Cox Enterprises added two buildings totaling 600,000 square feet to its Perimeter campus, delivering the largest office construction project last year. Central Perimeter is maintaining this strong activity in 2013, with State Farm leasing nearly 200,000 square feet of additional office space, adding 800 jobs. Also, …
MIAMI — CB Richard Ellis (CBRE) has brokered the sale of a newly constructed Whole Foods Market in Miami for $19.8 million. Completed this past May, the 36,000-square-foot, freestanding building is located on a three-acre site at 12150 Biscayne Blvd. It is solely occupied by Whole Foods on a net lease. Happiness Inc. purchased the property from a Miami-based real estate development firm, which was represented by the CBRE team of Dennis Carson, Casey Rosen, David Donnellan and Todd Weintraub.
CARY, N.C. — UNC Health Care and Pacolet Milliken have opened the new UNC Wellness Center at Northwest Cary. The 60,000-square-foot facility, which is owned by Pacolet Milliken and leased to UNC, is located at 350 Stonecroft Lane in Cary. The wellness center combines preventative health care, fitness facilities, physical therapy and surgical recovery in a single roof. It features climbing and bouldering walls, a seven-lane swimming pool, a teaching kitchen and classroom, TRX suspension training, an outdoor turf training field, a whirlpool and sauna, a cushioned indoor track, and group exercise studios.
WINDERMERE, FLA. — Tavistock Development Co. has announced plans to develop Phase II of The Grove at Isleworth, an open-air, multi-use center located in Windermere. Construction will begin this summer for two buildings totaling 82,000 square feet that will feature street-level retail space with medical and professional office space above. The buildings will front a tree-lined plaza. Tenants already signed for Phase II include Dexter’s, Jeremiah’s Italian Ice, BurgerFi, Marilyn Monroe Spa, Cali Chic Boutique, Salt Scene and Soul Mates Boutique. Phase I of The Grove at Isleworth is anchored by Publix and LA Fitness. When complete, the center will contain more than 200,000 square feet of retail and office space.
INDIALANTIC, FLA. — Marcus & Millichap has brokered the sale of a 15,525-square-foot retail building net-leased to CVS/pharmacy in Indialantic for $5.1 million. Michael Lombardi of Marcus & Millichap’s New Jersey office represented the seller, a developer based in the Northeast United States. Lombardi partnered with Preet Sabharwal of Marcus & Millichap’s Manhattan, New York, office to represented the buyer. Kirk Felici assisted with the transaction.
LAUDERDALE LAKES, FLA. — Construction is complete for a new facility for the Florida Department of Corrections. The building totals 5,855 square feet and is located at 3714 W. Oakland Park Blvd. in Lauderdale Lakes. It will contain offices for the department’s probation and parole divisions. Berger Commercial Realty was the construction manager for the project.
JEFFERSON CITY, KNOXVILLE AND POWELL, TENN. — CNL Healthcare Properties has purchased four medical office buildings in the Knoxville area for approximately $57.3 million. The portfolio totals more than 200,000 square feet of Class A space. It includes Jefferson Medical Commons in Jefferson City, Physicians Regional Medical Center – Central Wing Annex in Knoxville, and Physicians Plaza A and B in Powell. CNL acquired the portfolio from N.T. Brinkman, whose affiliate will continue to manage the properties.
SOUTH CAROLINA — Reger Holdings has purchased a five-property portfolio of South Carolina industrial buildings for $8.6 million. The portfolio contains 349,000 square feet of space. The properties comprise 1001, 1005 and 1025 Technology Court in West Columbia; 103 Lachicotte Road in Lugoff; and 7421 E. Spartan Blvd. in North Charleston. With this purchase, Reger Holdings now controls nine industrial buildings in South Carolina totaling 710,000 square feet of space. Chuck Salley and Dave Mathews of Colliers International represented the buyer in the deal. The seller’s name was not disclosed.
TAMPA, FLA. — Marcus & Millichap has completed the sale of Green Oaks, a 100-unit multifamily property located at 3801 W. Tyson Ave. in Tampa. Built in 1983, the community includes eight, two-story buildings on six separate parcels that total 2.83 acres. The buildings’ roofs were replaced last year, and 70 percent of the units were remodeled during the same time period. Frank Carriera and Michael Regan of Marcus & Millichap’s Tampa office represented both parties, Florida-based private investors, in the deal.