GREENVILLE, S.C. — STAG Industrial has purchased two warehouse and distribution facilities, located near Greenville, for $26 million. The properties total 787,380 square feet and are fully leased with an average lease term of 4.5 years. The buildings include a 474,000-square-foot building, which is primarily leased to L. Perrigo Co., and a 313,380-square-foot building, which is leased to Arvato Digital Services.
Southeast
KISSIMMEE, FLA. — Marcus & Millichap has arranged the $9.55 million sale of the 83,340-square-foot Kissimmee Korners, located at 1507 N. John Young Parkway in Kissimmee. Tenants include Budget Rent-A-Car, Little Caesars, United Legacy Bank and state government offices. Douglas Mandel and Mark Thompson of Marcus & Millichap represented both parties in the transaction.
HAMPSTEAD, N.C. — Wakefield Associates has broken ground on the 82,000-square-foot Hampstead Town Center, a shopping center located at the intersection of Ravenswood Road and U.S. Highway 17 in Hampstead. A 44,000-square-foot Lowes Foods Grocery Store will anchor the center. Completion is slated for May 2013.
KNOXVILLE, TENN. — Ziff Properties has purchased the 31,400-square-foot Franklin Shopping Centre, located at 913-925 Highway 321 N. in Knoxville, from US Bank for $2.25 million. Aaron's Rental and Dollar Street anchor the center.
CELEBRATION, FLA. — Inland Private Capital Corp. has sold a 193,463-square-foot office building, located at 220 Celebration Place in Celebration, for $31.1 million. The property is fully occupied by Walt Disney World Co., which has five years remaining on its lease. The buyer was an unaffiliated third party. Stan Johnson Co. represented the seller in the transaction.
GASTONIA, N.C. — REPI has opened its $8 million, 44,000-square-foot North American headquarters, located in the 350-acre Gastonia Technology Park in Gastonia. Carroll Properties Corp. was the site consultant for the project. The new facility will create approximately 40 jobs.
SPARTANBURG, S.C. — Marcus & Millichap has arranged the $3.05 million sale of the 92-unit Timberlane, an apartment complex located at 106 Kensington Drive in Spartanburg. Amenities include a pool, playground, laundry facilities and outside storage. Mark Boyce of Marcus & Millichap represented both parties in the all-cash transaction.
TALLAHASSEE, FLA. — NorthMarq Capital has arranged $36.3 million in refinancing for the 679-bed Campus Circle, a student housing complex located adjacent to Florida State University in Tallahassee. Frank Relihan, Gary McGlynn and Kenneth Gentzel of NorthMarq secured the 10-year loan with a 30-year amortization schedule on behalf of the borrower, a pension fund, through Freddie Mac.
ATLANTA — Cushman & Wakefield has arranged $12.4 million to recapitalize the 208,800-square-foot Southmeadow J, a Class A industrial building located in Atlanta. Mike Ryan, Brian Linnihan, Jeff Walker and Larry Johnson of Cushman & Wakefield represented McDonald Development Co., the owner, in the recapitalization.
WASHINGTON, D.C. — Rockrose Development Corp. has entered into an agreement to acquire a 112,687-square-foot office building, located at 1900 M Street NW in Washington, D.C., for $55 million. The property is 89 percent leased. Tenants include Levick Strategic Communications, Sherman Meehan and State Farm Insurance. Gerald Trainor of Transwestern is representing the seller in the transaction. Rockrose is self-represented by Craig Deitelzweig.