PINEVILLE, N.C. — MPE USA has purchased a 70,340-square-foot warehouse, located at 10424 Rodney St. in Pineville, for $1.69 million. Warren Snowdon and David Hanna of Cushman & Wakefield/Thalhimer's Charlotte, N.C., office represented First Industrial B&L, the seller, in the transaction. Ian Bertolina of Charlotte-based Bertolina Commercial Real Estate represented the buyer.
Southeast
RALEIGH, N.C. — Woodfield Investments has broken ground on the 256-unit Woodfield Creekstone, located at the intersection of South Miami Boulevard and Hopson Road in Raleigh. Amenities will include a resort-style pool, clubhouse, landscaped grounds and garage parking. The Carlyle Group and US Bank are financial partners for the project, CF Evans Construction is providing general construction services and the project's architectural design is by The Housing Studio. Greystar will manage the property. Completion is slated for the summer of 2012.
VIRGINIA BEACH, VA. — Spring Water has purchased the 183,814-square-foot former U.S. Foodservice building, located at the intersection of Diamond Springs Road and Northampton Boulevard in Virginia Beach, from USF Propco II & U.S. Foodservice for $5.2 million. The buyer plans to demolish the industrial property and construct apartments on the site. Robert Thornton and William Throne of Cushman & Wakefield/Thalhimer's Virginia Beach office represented the buyer in the transaction. CBRE represented the seller.
ORANGE CITY, FLA. — A 20,000-square-foot Office Depot, located on Saxon Boulevard in Orange City, has been sold for $3.15 million. Daryl Carter of Orlando, Fla.-based Maury L. Carter & Associates, along with William Snow, II, of SRS Real Estate Parters' Orlando office, represented Saxon/Broward Ltd., the seller, in the transaction. Mark Thiel of Marcus & Millichap's San Diego office represented the buyer.
TAMPA, FLA. — Institutional Property Advisors, a division of Marcus & Millichap, has negotiated the REO sale of the 228-unit Rivertree Landing, an apartment complex located at 6909 Indian River Rd. in Tampa. Jamie May and Ken Hoff of IPA's Tampa office represented the seller in the transaction. The property is currently undergoing a $550,000 renovation, including both interior and exterior upgrades.
TAMPA, FLA. — Humana has signed a 52,433-square-foot lease for office space at MetWest One, located at 4030 W. Boy Scout Blvd. in Tampa. Approximately 250 associates are scheduled to move into the building in the second quarter of 2012. Leigh Anne Johnson and Thomas Dyer of UGL Equis' Tampa office represented the tenant in the lease transaction. Angela Odell of Taylor & Mathis' Tampa office represented the landlord, MetLife.
DURHAM, N.C. — Chevy Chase, Md.-based Federal Capital Partners (FCP) has purchased Phase I of West Village, a mixed-use development located at 212 N. Duke St. in Durham, from members of National Champion Real Estate for $32.52 million. The project includes 241 apartment units and 10,000 square feet of integrated retail. FCP will partner with Greensboro, N.C.-based Bell Partners, who will invest alongside FCP in the deal. Cleveland-based BGL Real Estate Advisors, a division of Brown Gibbons Lang & Co., represented the seller in the transaction. Bethesda, Md.-based First Capital Realty represented the buyer.
DURHAM, N.C. — Centerville, Ohio-based The Connor Group has sold the 292-unit Lenox at Patterson Place, located at 100 Rose Garden Ln. in Durham, to Westdale Lenox for $28.8 million. The Connor Group acquired the property in 2009 for $19.08 million. Amenities include a pool, playground, fitness center and tennis courts.
HAMPTON, VA. — Suttle Holding Corp. has acquired the 67,749-square-foot Hampton North II, an office building located at 303 Butler Farm Dr. in Hampton, from Hampton North I and Hampton North II for $5.25 million. John Duffy of Cushman & Wakefield/Thalhimer's Virginia Beach, Va., office represented the seller in the transaction.
LARGO, FLA. — Franklin Street Real Estate Services has arranged the $3.12 million sale of 59 of the 108 condo units at Whispering Palms Condominiums, located at 13200 Wilcox Rd. in Largo. Bob Goldfinger, Darron Kattan and Kevin Kelleher of Franklin Street's Tampa, Fla., office represented Whispering Palms Condominiums LLC, the seller, in the transaction. The buyer was JSSH 1.