ATLANTA — Georgia Realm LLC has acquired the 7,172-square-foot retail component of Realm, a 30-story, mixed-use building located at 3324 Peachtree Road NE in Atlanta, from WN City Center LP. for $1.8 million. The property is fully leased to Buckhead Pizza Co., Jimmy John's and Macon & Co. Salon. Neal Pringle and Mark Cooley of The Shopping Center Group represented the seller in the transaction.
Southeast
DAVENPORT, FLA. — NorthMarq Capital has arranged first mortgage financing of $26.4 million for the 304-unit Integra Meadows Apartments, located in Davenport. Joel Coykendall of NorthMarq’s Jacksonville, Fla., office arranged the 7-year loan with a 30- year amortization schedule through Freddie Mac.
CARBARRO, N.C. —Fairfield Autumn Woods LLC has sold the 236-unit Autumn Woods Apartments, located at 222 Old Fayetteville Road in Carbarro for $26.25 million. Blake Oakland, Dean Smith, Sean Wood and John Heimburger of ARA’s Charlotte, N.C., office represented the seller in the transaction. The buyer was Centerville, Ohio-based The Connor Group. The property is 94 percent leased.
OAK BROOK, ILL. — Oak Brook-based Inland Real Estate Acquisitions has purchased a portfolio of nine retail bank branches located in Ohio, North Carolina, Florida and Georgia for a total of approximately $18.6 million. The portfolio includes five Ohio properties leased to KeyBank N.A., two Regions Bank locations in Georgia and two BB&T locations in North Carolina and Florida, which total 42,882 square feet. The buyer was self-represented by Joe Cosenza.
ORLANDO, FLA. — Aragon Holdings has purchased the 373-unit Abaco Key Apartment Homes, a Class A apartment complex located adjacent to the Walt Disney World Resort in Orlando. The property is 95 percent leased, and includes a fitness center, basketball and tennis courts, a pool with cabanas and sundeck, media and game room, outdoor kitchen with tables and a grill, business center and dog park. The Aragon Multi-Family Cash Flow Fund provided equity for the purchase.
MELBOURNE, FLA. — A 124,000-square-foot industrial building, located on 3900 Sarno Road in Melbourne, has sold to a local church for $2.5 million. The building, which was vacant at the time of the sale, includes 10,000 square feet of mezzanine space and 114,000 square feet of warehouse space. A local CBRE broker represented the seller, Roseview’s bank client, in the transaction. The Roseview Group oversaw significant improvements to the property, including a complete cleanup and mold removal.
RALEIGH, N.C. — Southbridge Fellowship, a North Carolina-based non profit, has purchased 10.79 acres for $1.46 million on Glenwood Ave. in Raleigh. The organization plans to build a church campus on the property and hopes to consolidate and expand its existing offices to the new campus within the next two to three years. Randy Williamson and Jim Anthony of Colliers International represented the buyer in the transaction.
CHANTILLY, VA. — Strategic Storage Trust Inc. has acquired an 870-unit self-storage property, located at 14518 Lee Road in Chantilly, for $7.3 million. The property is 93 percent leased. The new facility will be rebranded under the SmartStop Self Storage name.
HUNTSVILLE, ALA. — MCA has acquired the 603,000-square-foot Bridge Street Town Centre, a lifestyle center located in the 4,000-acre Cummings Research Park in Huntsville. Tenants include Bed Bath & Beyond, DSW, Barnes & Noble, ULTA, Toys “R” Us/Babies “R” Us and a 14-screen Monaco Pictures movie theater. Adam Howells and David Disney of UCR Investment Sales represented the seller, O&S Holdings, in the transaction.
GREENSBORO, N.C. — CDI Properties has sold the 56-unit Grentton Place Apartments, located at 4107 Yanceyville St. in Greensboro, for $3.17 million. Austin Green of Capstone Apartment Partner's Charlotte office represented the seller in the transaction. The buyer was a Chicago-based private investor.