ALCOA, TENN. — Oak Brook-Ill.-based Inland Diversified Alcoa Hamilton LLC has acquired the 175,996-square-foot Hamilton Crossing, located in Alcoa, from Alcoa-based Hamilton Crossing I for $31.27 million. Dick's Sporting Goods, Ross Dress for Less, Michael's, PetSmart and Old Navy anchor the center. Berkeley Capital Advisors represented the seller in the transaction.
TAMPA, FLA. — Marcus & Millichap has arranged the $3.05 million sale of the 120-unit Southern Oaks, an apartment complex located at 13533 Gragston Cir. in Tampa. Michael Regan and Francesco Carriera of Marcus & Millichap's Tampa office represented the seller, a private investor, in the transaction and procured the buyer, a private investor.
SNELLVILLE, GA. — Benning Construction Co. has been selected to build a 42,000-square-foot, freestanding Walmart Neighborhood Market, located at 2912 W. Main St. in Snellville. Completion is slated for fall 2012. Currently, there are more than 160 Walmart Neighborhood Markets in the United States.
CHAPEL HILL, N.C. — NorthMarq Capital has arranged $5.5 million in first mortgage refinancing for 300 & 400 Market St., two buildings totaling 64,362 square feet located in Chapel Hill. The buildings contain retail and office space. Todd Crouse of NorthMarq's Raleigh, N.C., office secured the 10-year loan with a 20-year amortization through Genworth Financial.
BIRMINGHAM, ALA. — Mercy Medical has signed a 45,540-square-foot lease at a former Havertys store, located off of Interstate 20 in Birmingham. Mercy Medical will renovate the freestanding building and use it for a seniors medical clinic and physical therapy center beginning in late fall. Michael Bull, Theresa Johnson and John Harrison of Atlanta-based Bull Realty represented the landlord, Havertys, in the transaction. Craig Dyas of Fairhope, Ala.-based DYAS represented the tenant.
MIAMI — Marcus & Millichap has arranged the $4.6 million sale of a 42,000-square-foot office building, located at 550 LeJune Rd. in Miami, and an adjacent 8-unit apartment building. Greg Zeifman and Benjamin Silver of Marcus & Millichap's Miami office represented the seller, a Miami-based international nonprofit organization, in the transaction and procured the buyer, a Miami-based developer.
WOODSTOCK, GA. — A single-tenant, triple-net leased National Tire and Battery Auto Parts, located at 2010 Eagle Dr. in Woodstock, has sold for $2.5 million. The tenant is the sole occupant of the 7,383-square-foot building. Randy Blankstein and Jimmy Goodman of Northbrook, Ill.-based The Boulder Group represented the buyer, a high net worth family office, in the transaction. The seller was a Southeast-based developer.
ATLANTA — The 900,000-square-foot Atlanta Financial Center, located at 3343 Peachtree Rd. NE in Atlanta's Buckhead submarket, has achieved LEED Silver certification. Hines owns and manages the building, which is currently 83 percent leased. Tenants include Morris, Manning & Martin, North American Electric Reliability Corp., Prudential Insurance Co. of America, Robert Half International and SunTrust Robinson Humphrey. Green features include alternative transportation options of commuters; a partnership with Sustainable Buckhead and the Buckhead Area Transportation Management Association; an on-going electronic recycling program; energy efficient lighting with reduced mercury content; environmentally sensitive cleaning products and practices; and reduction of water use through the utilization of low-flow fixtures. The building is 24 percent more energy efficient and annually saves more than $630,000 in energy costs compared to the average U.S. office building.
NEW PORT RICHEY, FLA. — NorthMarq Capital has arranged $6.3 million in first mortgage refinancing for the 221-unit Hunters Ridge Apartments, a seniors housing community located at 5223 Hunters Ridge Dr. in New Port Richey. Lee Weaver of NorthMarq's Tampa, Fla., office arranged the 10-year loan with a 25-year amortization schedule through AmeriSphere Multifamily Finance.
BALTIMORE — The University of Maryland Faculty Physicians Inc. (FPI) has renewed and expand its lease, located at 250 W. Pratt St. in Baltimore, by 25,102 square feet. FPI now occupies a total of 61,993 square feet. Tim Jackson, Courtenay Jenkins and Whitney Nye of Cushman & Wakefield's Baltimore office represented the landlord, Behringer Harvard Funds, in the transaction. Matthew Haas and Kevin Haus of Colliers International's Columbia, Md., office represented the tenant.
