ATHENS, ALA. — The 79,700-square-foot Eastside Junction, located in Athens, has sold for $11.45 million. Publix anchors the center, which is 95 percent leased. Drew Fleming and Mark Joines of Cassidy Turley's Atlanta office represented the seller, a private developer, and procured the buyer, Inland Real Estate.
CORAL GABLES, FLA. — The 35,313-square-foot Gables Granada Plaza, an office building located at 770 S. Dixie Hwy. in Coral Gables, has sold for $7.5 million. Stephen Heim of Fort Lauderdale, Fla.-based NAI Rauch Weaver Norfleet Kurtz & Co. represented the seller, Gables Granada Plaza, Inc., in the transaction. Bill Bailey and Thad Adams of The Allen Morris Company represented the buyer, Steiner Management Services.
DULUTH, GA. — Studio Movie Grill has signed a 44,945-square-foot lease to build a 10-screen, in-theater dining concept at Venture Pointe Shopping Center, located at 3900 Venture Pointe in Duluth. Kyle Luby and Ben Hautt of Atlanta-based Stream Realty Partners represented the tenant in the transaction. Brixmor Property Group, the landlord, was self-represented by Tracey Lojek. The theater is scheduled to open in late summer 2012.
TAMPA, FLA. — The 24,735-square-foot Watermark 5, located at 5415 Mariner St., and the 29,132-square-foot Watermark 7, located at 5410 Bay Center Dr., both in Tampa, have sold for $3.75 million. Elliott Ross of Clearwater-based The Ross Realty Group represented Watermark Acquisition Group, the buyer, in the transaction. Redstone Asset Management Services represented Marketview Properties III, the seller.
MIAMI — Marcus & Millichap has arranged the $3.18 million sale of the 8,971-square-foot Bentley Bay Retail Condominiums, three retail condo spaces located at 520 W. Ave. in Miami's South Beach. Kirk Olson and Drew Kristol of Marcus & Millichap's Miami office represented the seller, a Sunrise, Fla.-based bank, in the REO transaction and procured the buyer, a Miami-based private investor.
PETERSBURG, VA. — McWane Inc. has sold a 104,000-square-foot industrial facility, located at 23209 Airpark Dr. in McWane, to Consolidated Process & Packaging for $1.77 million. Richard Porter of Richmond, Va.-based Porter Realty Co. represented the seller in the transaction.
LILBURN, GA. — Burlington Coat Factory has signed a 54,817-square-foot lease to occupy a former Publix at the 112,990-square-foot Killian Hill Center, located at 4051 Hwy. 78 in Lilburn. The Shopping Center Group represented the tenant in the lease transaction, and The Bedrin Organization represented Killian Hill Acquisition LLC, the landlord. The store is slated to open this fall.
MIAMI — NorthMarq Capital has arranged $5.5 million in first mortgage refinancing for the 112,855-square-foot Transal Park, an industrial property located at 8305 NW 27th St. in Miami. Jeff Robertson of NorthMarq's Miami office secured the 10-year loan with a 25-year amortization schedule through State Farm Life Insurance Co.
SPARTANBURG, S.C. — A joint venture between New York City-based The Praedium Group and Chartwell Holdings has acquired the 496-unit Haven at Oak Forest and the 204-unit Haven at North Town in Spartanburg, for $36.9 million. Haven at Oak Forest is located at 200 Health Ln., and Haven at North Town is located at 458 N. Church St. Amenities at both properties include a swimming pool, clubhouse with full Wi-Fi access, a fitness center, playground, nature walking trails, community car wash and grilling areas. Blake Oakland of ARA's Charlotte, N.C., office represented the seller in the transaction.
BOCA RATON, FLA. — Marcus & Millichap has arranged the $6.25 million sale of the 70,000-square-foot The Courtyard, a four-story office building located at 5301 N. Federal Hwy. in Boca Raton. Douglas Mandel of Marcus & Millichap's Fort Lauderdale, Fla., office, along with Benjamin Silver of the firm's Miami office, represented the seller, a Boca Raton-based partnership, in the transaction. The buyer was a local investor in a 1031 exchange.