ATLANTA — Duke Realty Corp. has executed a lease agreement with Kuehne + Nagel for a 211,000-square-foot build-to-suit office and warehouse distribution building, located at 4100 N. Commerce Drive in Atlanta at Duke Realty's Camp Creek Business Center. The property will serve as Kuehne + Nagel's North American headquarters. The tenant was represented by Bayne Porter of CBRE in the transaction, and the landlord was self-represented by Wes Hardy. Completion is slated for the second quarter of 2013.
Southeast
GREENVILLE, N.C. — LNR Properties has sold the 308-unit Brasswood Apartments, located at 3150 Brasswood Court in Greenville, to Summer Green through Auction.com for $6.2 million. Mike Fowler and Jim Davis of Brown Investment Properties represented the seller in the transaction.
SARASOTA, FLA. — Marcus & Millichap has arranged the $2.1 million sale of the 119-unit Sunrise Villas, an apartment complex located at 1809 19th St. in Sarasota. Michael Regan and Francesco Carriera of Marcus & Millichap represented both private investors in the transaction.
ROCK HILL, S.C. — Morgan Property Group has plans to build a 14,550-square-foot Walgreens, located at the intersection of Heckle and Herlong boulevards in Rock Hill. The company acquired the 1.9-acre parcel of land from First Place Bank and H. Allen Tate Jr. for $1.6 million. This is third Walgreens the company has developed in the Carolinas.
FORT LAUDERDALE, FLA. — Winthrop Realty Trust has acquired a first mortgage loan for a 326,000-square-foot office and retail building, located in Fort Lauderdale. The loan, which is currently in maturity default, has an outstanding balance of approximately $44.9 million and was purchased for $42.8 million.
MIAMI — Marcus & Millichap has arranged the $8.5 million sale of the 12,271-square-foot Shoppes of Pinecrest, a strip center located on S. Dixie Highway in Miami. Tenants include Starbucks, Cold Stone Creamery, T-Mobile, GameStop and FedEx. Douglas Mandel, Kirk Olson and Drew Kristol of Marcus & Millichap represented Adler Dixie, the seller, in the transaction.
CHARLESTON, S.C. — Holder Properties has started construction on the 75,000-square-foot Faber Pointe, a Class A office building located in The Executive Park at Faber Place in Charleston. Warner Summers designed the building and Integra Construction Co. is the general contractor. The building will be ready for tenants by year's end.
LITTLE ROCK, ARK. — Rowan Development has sold a 10,000-square-foot retail building, located at 12206 W. Markham St. in Little Rock, to Crain Investments for $2.4 million. Stuart Mackey of Coldwell Banker Commercial Hathaway Group represented the seller in the transaction. Jeffrey Hathaway, also of Coldwell Banker Commercial Hathaway Group, represented the buyer.
GAINESVILLE, FLA. — NorthMarq Capital has arranged $23.25 million in first mortgage refinancing for the 366-unit Oxford Manor Apartments, an off-campus student housing development located near the University of Florida at 2777 S.W. Archer Road in Gainesville. Lamar Sarra of NorthMarq secured the 10-year loan with a 30-year amortization schedule through Freddie Mac.
COLUMBIA, S.C. — Centerline Capital Group has secured a $12.5 million loan for the 240-unit Carrington Place and Wildewood, an apartment complex located at 751 Mallet Hill Road in Columbia. The 5-year loan has 2 years of interest only payments.