SPARTANBURG, S.C. — STAG Industrial has acquired a 409,600-square-foot warehouse and distribution center, located in Spartanburg, for $9.1 million. The property includes four adjoining buildings, which are fully leased to Louis Dreyfus Commodities Cotton Storage. The tenant has 4 years remaining on the lease term. Grice Hunt and Ford Borders of Greenville, S.C.-based NAI Earle Furman represented Bridgeport Properties National, the seller, in the transaction.
FLORENCE, S.C. — St. Paul, Minn.-based AEI Capital Corp. has purchased a 4,200-square-foot Vitamin Shoppe building, located in Florence, for $1.54 million. The tenant is on a long-term lease for the single-tenant building. Steve Horvath of Charlotte, N.C.-based Berkeley Capital Advisors represented the seller in the all-cash transaction. The buyer was self-represented by Ian Harrison.
DORAL, FLA. — Intcomex has signed a long-term lease extension for its 172,926-square-foot headquarters at the International Distribution Center at Doral, located at 3505 NW 107th Ave. in Doral. Walter Byrd, Ben Eisenberg and Thomas Kresse of Transwestern's Miami office represented the landlord, Clarion Partners, in the transaction.
LITTLE ROCK, ARK. — The 256-unit Forest Place Apartments, located at 1421 N. University Ave. in Little Rock, has sold for $17.6 million. The buyer plans to install new roofs on the buildings and renovate the property. Rick Freeling of Rector Phillips Morse Inc./CORFAC International's Little Rock office represented the seller, Little Rock-based Forest Place Joint Venture, in the transaction and procured the buyers, two affiliates of with Kansas City, Mo.-based Maxus Realty Trust.
GASTONIA, N.C. — Capstone Apartments Partners has arranged the $6.25 million sale of the 176-unit Bluffs at Northwoods, an apartment complex located at 1850 Yellowstone Ct. in Gastonia. Amenities include a clubhouse, pool, fitness center, tennis courts and laundry center. Brian Ford and Beau McIntosh of Capstone's Charlotte, N.C., office represented the seller, Willamette Property Holdings, in the transaction. The buyer was a private investor.
COLUMBUS, GA. — St. Paul, Minn.-based AEI Capital Corp. has acquired an 8,300-square-foot Family Dollar property, located in Columbus, for $1.55 million. Family Dollar Stores Inc. has signed a long-term lease for the property. AEI was self-represented by Marni Nygard in the transaction, and Bryan Belk of Franklin Street's Atlanta office represented the undisclosed seller.
CHARLOTTE, N.C. — Marcus & Millichap has arranged the $1.02 million sale of the 49,688-square-foot Penny Pinchers Self-Storage, located at 124 Dorton St. in Charlotte. Michael Mele of Marcus & Millichap's Tampa, Fla., office, along with Allen Smith of the firm's Charlotte office and Stacey Gorman of the firm's Atlanta office, represented the seller, a limited liability company, in the transaction. Mele and Gorman also produced the buyer, a private investor.
GREENVILLE, S.C. — Greenville-based Vista Capital Management Group has been retained by Gardena, Calif.-based Highridge Costa Investors to manage its 619-unit South Carolina multifamily portfolio. The properties include the 72-unit Avalon Place in Columbia; the 60-unit Creek View in Batesburg-Leesville; the 72-unit Village Senior in Warrenville; the 40-unit West Winfield Acres in Spartanburg; the 300-unit Bridgeview Village and the 75-unit Palace, both in Charleston.
JACKSONVILLE, FLA. — Marcus & Millichap has arranged the $13.26 million sale of the 34,000-square-foot Emerson Medical Plaza Building 2, a medical office building located at 4549 Emerson St. in Jacksonville. The building is fully leased to Shands Jacksonville Medical Center, an affiliate of the University of Florida. John Smelter of Marcus & Millichap's San Diego office, along with Kirk Felici of the firm's Miami office, represented Emerson MOB II, the seller, in the transaction. Emerson MOB II is a partnership between ABR Chesapeake III, a value-added real estate investment fund sponsored by Baltimore-based Alex Brown Realty, and Health America Realty Group.
STARKVILLE, MISS. — St. Paul, Minn.-based AEI Capital Corp. has purchased the 19,000-square-foot Tractor Supply, located at 1301 Greta Ln. in Starkville, for $2.85 million. Tractor Supply Co. has a long-term lease for the single-tenant building. AEI was self-represented by Ian Harrison in the transaction.