Southeast

PARKERSBURG, W. VA. — Ackerman & Co. has negotiated the sale of a net-leased retail property in Parkersburg for approximately $2.4 million. CVS/pharmacy occupies the 10,125-square-foot building, which was constructed in 2000. Jason Powell of Ackerman arranged the deal between the seller, a Pennsylvania-based trust, and the buyer, New Jersey-based Arctrust Equities.

MARIETTA, GA. — Hanley Investment Group Real Estate Advisors has completed the sale of a metro Atlanta shopping center for $7.79 million. Barrett Creek Plaza is located at 125 Ernest Barrett Parkway in Marietta. Constructed in 2003, the property contains 28,481 square feet of space that was 89 percent occupied at the time of the sale. Tenants include Axiom Staffing, Buffalo Wild Wings Grill & Bar, Chase Bank, Cheeseburger Bobby’s, Moe’s Southwest Grill and T-Mobile. The Hanley team of Kevin Fryman, William Asher and Edward Hanley represented the buyer, a Miami Beach-based private investor, as well as the seller, Los Angeles-based Westwood Financial. The property traded at a 7.78 percent cap rate.

DURHAM, N.C. — Berkeley Capital Advisors has brokered the sale of Hope Valley Square, a 40,383-square-foot shopping center located in Durham. The U.S. Postal Service anchors the property. The Berkeley team of Rob Carter, Alex Quarrier and David Webb represented the seller, Hawthorne Shannon Plaza. DNA Partners purchased the property for an undisclosed amount.

HOMESTEAD, FLA. — The Miami office of Grandbridge Real Estate Capital has originated $14.38 million in permanent financing for Oasis Plaza Shopping Center, a 68,000-square-foot retail property located in the Miami suburb of Homestead. The non-recourse loan carries a 10-year term and a 30-year amortization schedule. Grandbridge’s Philip Carroll and Michael Balan arranged the deal on behalf of the undisclosed borrower through a life insurance company.