LOUISVILLE, KY. — The 105-unit, bank owned Oak Run Apartments sold in Louisville for $500,000. The buyer, a local multifamily investor, was represented by David Beach of Louisville-based Housing Associates. The undisclosed seller was represented by Reed Weinberg and Fred Sutterlin of Louisville-based PRG Investments.
LOXAHATCHEE, FLA. — A freestanding Walgreens, located at 15940 Orange Blvd. in Loxahatchee has sold for $7.87 million. The buyer, US Property Management, was represented by Greg Woulfe of Morgan Property Group's Florida office. The seller, Loxahatchee Venture, was represented by Mark Drazek of CB Richard Ellis' Orlando, Fla., office, Todd Weintraub of CB Richard Ellis' Miami office, and Dave Donnellan and Bill Strauss of CB Richard Ellis' Palm Beach County, Fla., office.
CORAL SPRINGS, FLA. — The 63,900-square-foot North Hills Square, an open-air shopping center located at 4650 University Dr. in Coral Springs, was purchased by Boca Raton, Fla.-based Dizengoff-Trading Group for $8.9 million. The center, anchored by a 52,024-square-foot Wal-Mart, is currently 97 percent leased. The seller, an undisclosed financial institution, was represented by Steve Miskew with Delray Beach, Fla.-based RJS Realty Group. The buyer was not represented.
ORLANDO, FLA. — The 444-unit Seville Place Apartments, located at 3124 N. Pine Hills Rd. in Orlando, sold for $5.5 million. Amenities of the complex include five swimming pools, basketball courts, tennis courts, car care center and playground. Hal Warren of Hendricks & Partners' Orlando office represented the undisclosed seller. Bob Hold of Hold Thyssen's Winter Park, Fla., office acted as the receiver for Seville Place Holdings.
SUNRISE, FLA. — A 15,000-square-foot office, located at 7880 W. Oakland Park Blvd. in Sunrise, sold for $1.5 million. The seller, Davni, was represented by Deborah Fink and Frank Morrison of Fort Lauderdale, Fla.-based NAI Rauch Weaver Norfleet Kurtz & Co. The buyer, S. A. Ventures, was represented by Emma Pilarte of Davie, Fla.-based RE/MAX PowerPro Realty.
LANTANA, FLA. — Palm Beach Club sold the 310-unit independent and assisted living community The Carlisle Palm Beach, located in Lantana, for $53 million to AEW Capital Management, who acquired the property on behalf of AEW Senior Housing Investors. Amenities include a cinema room and a card and billiard room. Ryan Maconachy and Chad Lavender of Atlanta-based ARA represented the seller. The buyer was not represented in the transaction.
GROVELAND, FLA. — Raney Construction and Raney Components have signed a 10-year, 90,000-square-foot lease at 19900 Independence Blvd. in Groveland. The landlord, Adams Building Materials Property Partnership, was represented by Sher Tolan of Orlando, Fla.-based Southern Commercial Real Estate Advisors. The tenant was not represented.
LEXINGTON, N. C. — The two-story, 120-unit Comfort Suites, located on Cotton Grove Road in Lexington, sold for an undisclosed price. Neither the seller or buyer were disclosed. Anthony Falor of Atlanta-based Hodges Ward Elliot's Select Service Division represented the seller in the all-cash transaction. The buyer was not represented.
MOORESVILLE, N.C. — A 10-year, $3.62 million acquisition loan was secured by Walker & Dunlop through their relationship with Fannie Mae for the 110-unit Country Club Apartments in Mooresville. Amenities include a pool, basketball court, playground, tennis courts and fitness facility. The complex is 94 percent leased. Ted Patch and Brendan Coleman lead the Walker & Dunlop team on behalf of the borrower, Blue Heron Capital.
FT. MYERS, FLA. — Coral Gulf IV has sold the 136-unit apartment complex Palm Vista, located in Ft. Myers, to RFH Advisors Palm Vista. The 12 building property features amenities such as a clubhouse, playground, pool and fitness center. Judy Dolan and Steve Hyatt of Fort Lauderdale, Fla.-based Berger Commercial Realty Corp. represented the seller. The buyer was self-represented.