EASTON, MD. — G2 Properties has purchased 200,000-square-foot former Cenveo building, a flexible manufacturing/warehouse space, and 12 acres of land in Easton from Cenveo Corp. for $3 million. The redevelopment project, named Achievement Park, includes an extensive medical-grade office overhaul. Bradley Gillis and Joey Gilkerson of Sperry Van Ness | Miller Commercial Real Estate's Salisbury, Md., office represented the buyer. New York-based Corporate Properties represented the seller.
NORTH PORT, FLA. — The 45,000-square-foot North Point Commons, a retail and office center located at 14800 S. Tamiami Trail in North Port, has sold to New York-based North Port, LLC, an affiliate of Saber Real Estate Advisors, for $2.1 million. North Port Commons LLC was the seller. Fort Myers, Fla.-based LandQwest has been retained to lease the property.
ORLANDO, FLA. — The General Services Administration (GSA) has signed a 10-year, 65,044-square-foot lease renewal at the 300,000-square-foot Research Commons, located at 12249 Science Dr. in Orlando, valued at more than $19 million. Tiffany Zullo of Orlando-based Tower Realty Partners represented the landlord, a joint venture between DRA Advisors and Tower Realty Partners. The tenant was self-represented by Jamie Thompson.
GEORGIA & VIRGINIA — Strategic Storage Trust has acquired a portfolio of 11 properties for more than $44 million, with five properties in Georgia and two in Virginia. The Georgia properties, totaling 400,600 square feet, include 8337 Tara Blvd. in Jonesboro with 730 units, 201 Fulton Ct. in Peachtree City with 670 units, 4257 Buford Dr. in Buford with 520 units, 2619 Austell Rd. in Marietta with 480 units and 5484 Flakes Mill Rd. in Ellenwood with 300 units. The two properties in Virginia are located at 520 W. Williamsburg Rd. with 680 units in 78,100 square feet and 5219 Plank Rd. in Fredericksburg with 630 units in 59,600 square feet. Also included in the portfolio were four properties in the Northeast.
BALTIMORE — Beech Street Capital has provided $10.4 million to refinance Fairway Ridge Apartments through a Fannie Mae conventional loan. In 2002, Steamboat Holding purchased the 274-unit apartment complex, located in Baltimore, and spent $1.5 million on improvements. The transaction was originated by Jacob Katz of Meridian Capital Group. The fixed-rate, 10-year loan has a 30 year amortization schedule and was financed by Meridian.
MIAMI — NoBe Bay Holdings, the joint venture between 13th Floor Investments and Key International, has purchased a mixed-use property on Miami Beach; The joint venture will invest $10 million during the next year to complete construction. The property, located at 6700 Indian Creek Dr., includes a partially completed 15-story, 98 unit waterfront condominium, a 463 space parking garage and 12,000 square feet of commercial space.
VENICE & NEW PORT RICHEY, FLA. — Marcus & Millichap has facilitated the sale of two assisted living properties in Florida, totaling 82,112 square feet, for $8.5 million. Summerville of Venice, located at 200 N. Nassau St., has 90 licensed beds and 78 units. Summerville of New Port Richey, located at 5539 Charles St., consists of 100 licensed beds and 70 units. Krone Weidler, of Marcus & Millichap’s Tampa office, represented the Seattle-based seller, Emeritus, and the buyer, Aliso Viejo, Calif.-based Nelson Brothers Professional Real Estate.
CHARLOTTE, N.C. — Oak Brook, Ill.-based Inland Real Estate Acquisitions has acquired four properties for $80.6 million. The 303,353-square-foot Perimeter Woods Shopping Center, located in Charlotte, was acquired for $54 million, with the remainder spent on the purchase of three Walgreens-anchored shopping centers in Lake Mary, Fla., Conyers, Ga. and Jacksonville, N.C. Matt Tice and Mark Cosenza facilitated the acquisition on behalf of Inland Diversified Real Estate Trust.
GREENBELT, MD. — NorthMarq's Washington, D.C., Investment Services team has completed the sale of the 64,261-square-foot Doctors Community Hospital Professional Building, a Class A medical office building, located at 8116 Good Luck Rd. in Greenbelt, to a joint venture between Heitman and Nexcore Group for $23 million. Jim Kornick and Matt Clineball of NorthMarq represented the seller, Doctors Community Hospital.
ORLANDO, FLA. — CB Richard Ellis' Debt & Equity Finance has secured an $11.5 million loan for the 255,499-square-foot CrownPointe 5 & 6, a two-building industrial development located on Kingspointe Boulevard in CrownPointe Commerce Park. Kevin Troy and John Farrell of CBRE's Atlanta office arranged the financing through PNC Real Estate Finance. Tenants of the 89 percent-leased property include Tire Centers, Tri-anim Health Services, G&K Services, Mohawk Industries, Europa Sports Products and Margaritaville Enterprises.