CHARLOTTE, N.C. — Malvern, Pa.-based Liberty Property Trust has acquired the 270,400-square-foot Charlotte Distribution Center South, located at 8910 & 8916 Pioneer Ave. in Charlotte. The two-building property is 100 percent leased to tenants including FedEx Smart Post and Premier Transportation & Warehousing. The company also acquired a 9.5-acre pad site located in front of Charlotte Distribution Center South for future development of a 105,000-square-foot industrial facility.
HIALEAH, FLA. — Bullet Line has signed a 475,000-square-foot industrial lease at Centergate at Gratigny, located at 6301 E. 10 Ave. in Hialeah. Wayne Schuchts and Ed Lyden of Flagler Real Estate Services' Coral Gables, Fla., office represented the landlord in the lease transaction. James Nolan of Butters Realty, along with Wayne Ramoski of Cushman & Wakefield's Miami office, represented the tenant.
ATLANTA — A joint venture between Carter Validus Mission Critical REIT (CV Reit) and three institutional investors has purchased the 338,000-square-foot Peachtree Data Center, located in downtown Atlanta, for $94.75 million. CV REIT will control and run the operations of the property, which is currently fully leased to six tenants. The building underwent a $230 million renovation in 2010.
ATLANTA — Los Angeles-based Cohen & Associates has purchased Renaissance Walk, a mixed-use development located at 171 Auburn Ave. NE in Atlanta, for $12.5 million. The original developer sold 21 of the condominium units before converting the remaining 140 units into apartments. Also included in the property is 30,500 square feet of retail space. The apartments are currently 90 percent occupied. CBRE represented both the buyer and the seller in the transaction. Shlomi Ronen of Los Angeles-based Dekel Capital arranged financing.
MIAMI — Miami Avenue Holding has sold five retail spaces, a 6,000-square-foot office and an 18,000-square-foot lot, located at 1036 & 1040 S. Miami Ave. and 21 SW 11th St. in Miami, for $7.5 million. Fabio Faerman of Miami-based Fortunue Commercial Division represented both the seller and the undisclosed buyer in the transaction.
TAYLORS, S.C. — Marcus & Millichap has arranged the $2.05 million sale of the 80-unit Cunningham Villas, located at 24 Cunningham Rd. in Taylors. Mark Boyce of Marcus & Millichap's Charleston office represented both parties in the transaction. Amenities include laundry facilities, a playground and outdoor grill areas.
CHARLOTTE, N.C. — SCOR Global Life America (formerly Transamerica Reinsurance Co.) has signed a 140,000-square-foot lease at the Bank of America Plaza, located at 101 S. Tryon St. in Charlotte. The building is 97 percent leased to tenants including Alston + Bird and Bank of America. Keith Bell of Mohr Partners’ Charlotte office, along with Merrill Roth of Newmark Knight Frank’s New York City office, represented the tenant in the lease transaction. Peter Conway and Rhea Greene of Trinity Partners’ Charlotte office represented Dallas-based Behringer Harvard, the landlord.
MANASSAS, VA. — New York City-based TGM Associates has purchased the 432-unit Tanglewood Apartments, located at 10819 Gambril Dr. in Manassas, from Chicago-based Equity Residential for $68.72 million. The property has been re-named TGM Sudley Crossing. Dean Sigmon and Robin Williams of Transwestern's Bethesda, Md., office represented the seller in the transaction.
HANOVER, MD. — CBRE has negotiated the sale Lincoln Crossroads I & III, two industrial buildings totaling 507,350 square feet located at 7481 and 7451 Coca Cola Dr. in Hanover. According to CoStar, the sale price was $42.5 million. Bo Cashman, Jonathan Beard and John Wilhide of CBRE's Baltimore office represented the seller, Crossroads Venture, a joint venture between Dallas-based Lincoln Property Co. and Dallas-based Invesco Real Estate, in the transaction. The buyer was Denver-based Industrial Income Trust.
PLANTATION, FLA. — Marcus & Millichap has brokered the $26.5 million sale of the 216-unit Mar Lago Village, an apartment complex located at 200 Commodore Dr. in Plantation. Still Hunter, III, and Evan Kristol of Marcus & Millichap's Fort Lauderdale, Fla., office represented the seller, Mar Lago Village Associates, in the transaction and procured the buyer, Henderson Global Investors. The property is 99 percent leased.
