PINECREST, FLA. — Publix Supermarkets Inc. has purchased a 4.93-acre former Hallett Pontiac dealership, located at 13401 S. Dixie Hwy. in Pinecrest, from ESF Holdings. Michael T. Fay of Colliers International's South Florida office was the sole broker in the transaction. Additionally, Brandon Partners, the developer, represented Publix.
TOCCOA, GA. — A 14,673-square-foot, triple-net leased Rite Aid Pharmacy in Toccoa has sold for $3.79 million. Lori Schneider of Marcus & Millichap's Fort Lauderdale office represented the seller, a company from Alpharetta, Ga., and John E. Brigel of Marcus & Millichap's Tampa, Fla., office secured the buyer, a Whitestone, N.Y.-based private investor.
JACKSONVILLE, FLA. — Kaman Aerospace Corp. has signed a 100,800-square-foot lease at a 280,000-square-foot industrial building, located at 780 Whittaker Rd. in Jacksonville. Industrial Park Development Corp. is the landlord of the building. Jeff Graham of King Industrial Realty of Florida/CORFAC International represented the tenant in the transaction.
BLACKSBURG, VA. — Frank Relihan, Gary McGlynn and Kenneth Gentzel of NorthMarq's Bethesda, Md., office have arranged $41 million acquisition financing for the 757-unit Terrace View Apartments, located at 301 Hunt Club Rd. in Blacksburg. The 10-year financing has a 30-year amortization schedule and was arranged through AmeriSphere Multifamily Finance, a Fannie Mae DUS Lender.
BOCA RATON, FLA. — Pennsylvania-based Keystone Property Group has purchased 1200 Corporate Place, a four-story, 137,021-square-foot office building, for $15.25 million. Christian Lee, Charles Foschini, Christopher Apone of CB Richard Ellis' Capital Markets Miami office and Scott O'Donnell, Jeffrey Kelly and Dominic Montazemi of the firm's Boca Raton office represented the seller, Equity Office.
MIAMI — Marcus & Millichap has arranged the sale of a 60,497-square-foot shopping center anchored by Babies “R” Us, located at 15625-45 North Kendall Dr. in Miami, for $10.2 million. The Babies “R” Us had a mortgage from Principal Life Insurance Co., which had to be assumed. Drew Kristol and Kirk Olson represented the seller, a Miami-based company, and the buyer, a Miami Beach-based company. Adam Lustig, Serge Pavluk and Andy Mendoza of Bilzin Sumberg were the buyer's lawyers.
HAINES CITY, FLA. — The 65,000-square-foot St. Charles Plaza, located at the intersection of Holly Hill Road and US Route 27, has sold for $10.1 million to Phllips Edison – ARC Shopping Center REIT. The center is anchored by a 45,600-square-foot Publix, which has a lease through October 2027. Other tenants include Verizon Wireless, Crispers, Publix Liquor and Hair Cuttery.
CHATTANOOGA, TENN. — The 52,625-square-foot shopping center Shoppes at StoneBrook in Chattanooga has sold for $6.77 million. The center is anchored by a BI-LO. Dail Londaker of Columbia, S.C.-based NAI Avant represented the seller, Shoppes at StoneBrook, LLC.
ALPHARETTA, GA. — Chicago-based Waterton Residential has acquired Parc Alpharetta, a Class A, age-restricted, multifamily community in Alpharetta. Located just west of Georgia 400 off Westside Drive, Parc Alpharetta is a four-story, two-building structure containing 210 units and is an active adult (55-plus) community. Constructed in 2008, it offers services and amenities including a fitness center, exercise classes, a library and business center, shuttle services, planned social events, walking paths, a luxury pool and an upscale community room. Parc Alpharetta was acquired as part of Waterton Residential Property Venture XI, a $500 million discretionary multifamily investment venture. It was originally developed by Wood Partners and Parc Communities.
BRADENTON, FLA. — The 336-unit Sawgrass Cove Apartments, located at 4801 47th Ave. West in Bradenton, has sold for $23.2 million to Sawgrass Cove Apartments, LLC, a joint venture between New York-based Atlas Real Estate Partners and Florida-based Andover Real Estate Partners. Amenities include a resort-style pool, tennis courts, fitness center and business center. Cole Whitaker and Hal Warren of Hendricks & Partners' Orlando, Fla., office represented the seller, Chicago-based Equity Residential.