FLORIDA — Marcus & Millichap has arranged the $70.9 million sale of a 2,253-unit multifamily portfolio with nine properties in Florida and two properties in Texas. In Florida, three properties are in Tampa. Additionally, Orlando, Fern Park, Bradenton and Brandon, Fla., each contain one property. In Texas, both properties are located in Pasadena, a suburb of Houston. Jeffrey Meyer of Marcus & Millichap's Tampa office represented the seller, a Tampa Bay-based private investor, in the transaction. Sean Shahar A. Ziv of Marcus & Millichap's San Diego office represented the buyer, a California-based investment firm.
Southeast
NEW PORT RICHEY, FLA. — The 14,000-square-foot Streetside Little Road Shopping Center, located at 8344-8406 Little Rd. in New Port Richey, has sold for $3.2 million. The center is fully leased. Elliott Ross of Clearwater, Fla.-based The Ross Realty Group represented Atlantic Emerald Trust Jeannie Bensom Law Trustee, the buyer, in the transaction. Heidi Tuttle of Trinity, Fla.-based Commercial Asset Partners Realty represented Streetside Tampa, the seller.
GREENVILLE, S.C. — NAI Earle Furman has brokered the $2.99 million sale of a 63,600-square-foot industrial property, located at 1290 Ridge Rd. in Greenville. Earle Furman, Jon Good and Alexi Papapieris of NAI Earle Furman's Greenville office represented the undisclosed seller in the transaction. The buyer was Image Investments.
SUFFOLK, VA. — Cushman & Wakefield/Thalhimer has arranged the $1.9 million sale of the 50,000-square-foot former Georgia-Pacific Mill facility, located at 272 Benton Rd. in Suffolk. Bobby Phillips of Cushman & Wakefield/Thalhimer's Newport News, Va., office represented Koch RP Holdings I, the seller, in the transaction. The buyer was The City of Suffolk.
KENNESAW, GA. — CBRE has brokered the $47.5 million sale of the 446-unit AMLI at Barrett Lakes, located at 1950 Barrett Lakes Blvd. in Kennesaw. Kevin Geiger of CBRE's Atlanta office represented the seller, the original developer, in the transaction. The buyer was Barrett Heights Apartment Homes.
PLANTATION, FLA. — Marcus & Millichap has arranged the $8.81 million sale of the 167-unit The Landmark Towers, an apartment community located at 601 NW 42nd Ave. in Plantation. Tal Frydman and Felipe Echarte of Marcus & Millichap's Fort Lauderdale, Fla., office represented the seller, a New York City-based limited liability company, in the transaction and procured the buyer, a partnership from Philadelphia and New York.
FREDERICKSBURG, VA. —The 18,714-square-foot Spotswood Medical Center, located at 4103-4107 Lafayette Blvd. in Fredericksburg, has been sold for $3 million. Virgil Nelson of Cushman & Wakefield/Thalhimer's Fredericksburg office represented Spotswood Medical Center Associates, the seller, in the transaction and procured the buyer, Lafayette Boulevard Properties.
MIAMI, TAMARAC AND JACKSONVILLE, FLA. — LYND has purchased the $49 million unpaid principle balance on three notes for three multifamily properties in Tamarac, Miami and Jacksonville from Miami Beach, Fla.-based LNR Property. The three properties have a total of 945 units.
TAMPA, FLA. — Franklin Street Real Estate Services has arranged the sale of the note and mortgage collateralized by the 48-unit Palma Sur Apartments, located at 3729 W. Tyson Ave. in Tampa. Kevin Kelleher, Bob Goldfinger and Darron Kattan of Franklin Street's Tampa office represented the seller, a national lender, in the transaction and procured the buyer, local private investors.
ALTAMONTE SPRINGS, FLA. — CBRE has brokered the $63.15 million sale of the combined 876-unit Timberlake and The Glades, a two-property garden-style apartment community located in Altamonte Springs. The property is currently 93 percent leased. Shelton Granade and Luke Wickham of CBRE's Orlando office represented the seller in the transaction. GoldOller Real Estate Investments was the buyer.