MURRELLS INLET, S.C. — Flagship Capital Partners, the investment affiliate of Charlotte, N.C.-based Brackett Flagship Properties, has acquired the 17,694-squarefoot Inlet Medical & Dental Center office building in Murrells Inlet. Flagship purchased the property through Flagship Healthcare Real Estate Fund, its recently launched private equity fund. Inlet Medical Associates, an affiliate of Roper Saint Francis physician practice, anchors the building that is 100 percent leased. Other tenants include Adult & Children’s Dentistry, Bio Identical Hormones, Clinical Research Authority and Myers Podiatry Clinic.
Southeast
STAFFORD COUNTY, VA. — A 5,200-square-foot loft-style apartment building with a ground-floor restaurant in the Historic Falmouth District in Stafford County has traded. 103 West Cambridge LLC purchased the property from Hugh Arthur Mooney as an owner-occupied investment. Paul Eakin of Cushman & Wakefield/Thalhimer represented the buyer.
WASHINGTON, D.C. — Raymond Hubbard III has been hired as an account manager for Skanska USA’s Washington, D.C., office. He has 34 years of experience and previously served as senior vice president for Clark Construction in the Washington, D.C., region. Hubbard served as the project director and senior vice president in constructing the 82-acre National Geospatial Intelligence Facility in Fort Belvoir, Va., for the U.S. Army Corps of Engineers.
MIAMI — Miami-based Blanca Commercial Real Estate, which provides brokerage and advisory services to owners and users of commercial real estate, has promoted Andres del Corral to vice president and Alexander Cahlin to associate vice president. del Corral specializes in office leasing and land sales, while Cahlin specializes in tenant and landlord representation as well as market research and analysis.
WASHINGTON, D.C. — Greenebaum & Rose Associates has sold an 11-story, 298,533-square-foot building at 820 First St. in Washington, D.C., to an affiliate of Harbor Group International for $107 million. The Class A office property is 100 percent leased and is situated within Union Center Plaza adjacent to Union Station. It is leased to a variety of tenants, including CNN, Accenture and the U.S. General Services Administration (GSA). Bill Collins, Paul Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy Turley represented Greenebaum & Rose Associates in the transaction.
SAVANNAH, GA. — The 185,244-square-foot Abercorn Common, a community shopping center located adjacent to Oglethorpe Mall in Savannah, has traded through Auction.com. It is 96 percent leased to tenants including HomeGoods, Michaels, Office Depot, Party City, ULTA, Ashley Furniture, McDonald’s, Firehouse Subs and Panera Bread. A special purpose entity controlled by LNR Partners LLC served as special servicer and the buyer was a private investor from Savannah. Mark Gilbert, Adam Feinstein and Gary Saykaly of Cushman & Wakefield Retail Investment Advisors acted on behalf of the seller.
LOUISVILLE, KY. — Berkeley Point Capital LLC has facilitated a $28.1 million loan insured by the Federal Housing Administration (FHA) for the construction of Claibourne Crossing, a 242-unit garden-style apartment community that will be located near the Lake Forest residential development and golf course in Louisville. The multifamily property will feature one-, two- and three-bedroom units in 19 two- and three-story buildings. Amenities will include a clubhouse, fitness center, business center, conference room, game room, playground and pool. TDK Construction is designing and developing Claibourne Crossing.
ATLANTA — Mailing Avenue Stageworks, an 85,000-square-foot film and television production facility, has opened on a five-acre site close to historic Grant Park in Atlanta. An investment group led by Paul Raulet, John Raulet and Tyler Edgarton acquired a former industrial building at 1144 Mailing Ave. for the film and television production facility. The stage features 31-foot ceiling heights and an 80-by-120-foot filming area. “Georgia’s attractive incentive program, as well as talented workforce, a variety of locations and accessibility give it a competitive edge over other states,” says Lee Thomas, director of the Georgia Film, Music & Digital Entertainment Office. “As a result, we continue to experience a wealth of productions choosing Georgia for their projects.” Mailing Avenue Stageworks will be available for lease in January 2013.
CHARLOTTE, N.C. — Consumer Programs Inc., a wholly owned subsidiary of portrait studio operator CPI Corp., has sold a 59,492-square-foot warehouse and office building and two land parcels in Charlotte to Worldwide Ventures Inc. for $1.6 million. The property is located at 11001 Park Charlotte Blvd. Warren Snowdon and David Hanna of Cushman & Wakefield/Thalhimer represented Consumer Programs, and Lawrence Shaw of Colliers International represented Worldwide Ventures.
ATLANTA — McDonald Development Co. has sold two Class A bulk warehouse and distribution buildings totaling 850,000 square feet within SouthPark Business Park in Atlanta’s Airport/South Atlanta submarket to LaSalle Investment Management Inc. The industrial sale includes the 400,000-square-foot SouthPark 4600, which is leased to FedEx SmartPost, a subsidiary of FedEx Corp. It also includes the 450,000- square-foot SouthPark 3100, which is leased to BrandsMart USA, a consumer electronics and appliance retailer. Stewart Calhoun, David Meline, Samir Idris, Casey Masters and Darice Fichter Rose of Cushman & Wakefield represented McDonald Development Co.