ORLANDO, FLA. — The 200-unit Vista Verde, a luxury community in Orlando, has been sold. The property, which is currently 94 percent occupied, offers private garages, barrel tile roofs and amenities such as a resort-style swimming pool. Shelton Grande and Luke Wickham of CB Richard Ellis' Central Florida multi-housing group represented the undisclosed seller. The undisclosed buyer was not represented. The acquisition price was not released.
HOMEWOOD, ALA. — The 220-unit Wildforest apartment complex, located in Homewood, has sold for $18.3 million to a local investor group. The 17.8-acre complex is currently 98 percent occupied. Rock Apartment Advisors, a subsidiary of Harbert Realty Services, represented the seller, a private development group. The buyer was not represented.
MORRISVILLE, N.C. — An affiliate of Harbor Group International purchased the 200-unit Madison at Treybrooke Apartments from an affiliate of BPG Properties for $16.2 million. The property, which is currently 97 percent leased, will be renamed Treybooke at the Park Apartments. Amenities include pool, two tennis courts, fitness center, basketball court and more. Brandon Whitesell and Chris Spain of Cushman & Wakefield's Atlanta office were the brokers involved in the transaction.
CLEARWATER, FLA. — The 200,000-square-foot, Publix-anchored Northwood Plaza in Clearwater has sold for an undisclosed price. The property was 91 percent leased at the time of sale. Other tenants include Stein Mart, CVS/Pharmacy, Talbots, Anthoney's Coal Fired Pizza and Starbucks Coffee. Jim Michalak and Lenard Williams of Plaza Advisors' Tampa, Fla., office and Anthony Blanco of Plaza Advisors' Miami office represented the seller, Northwood Plaza LLC. Broker information was not provided for the buyer, AEW Capital Management.
LEXINGTON, KY. — LNR Property Corp. has sold the 332-unit Sonnet Cove Apartments, located at 495 Laketower Dr. in Lexington, to Lexington-based Schubert Realty & Investment Co. for $4.75 million. Mike Kemether and Brandon Whitesell of Cushman & Wakefield's Atlanta-based Multifamily Investment Sales, together with Craig Collins of Louisvile, Ky.-based Commercial Kentucky, represented LNR Property, which was acting as a special servicer. Commercial Kentucky is a Cushman & Wakefield Alliance partner. Schubert Realty was self-represented.
ATLANTA – Keystone Automotive Industries has fully leased a 231,800-square-foot distribution building in Atlanta. The landlord, DCT Industrial Trust, was represented by Adam Richards of Atlanta-based Resource Real Estate Partners and Keystone Automotive was represented by Jacob Bobek of Cushman & Wakefield's Los Angeles office.
PENSACOLA, FLA. — The 248-unit Marcus Pointe Grande Apartment Homes, located in Pensacola, has been purchased by Passco Companies. The complex, which includes 31 two-story buildings, is part of a master-planned community that features a golf course, business park and a single-family development. Amenities include a club house, a pool with spa, a fitness center, washer-dryer hookups and fireplaces in some units. Passco and the undisclosed seller were represented by Dan Allen of CB Richard Ellis' Jacksonville, Fla., office.
ALCOA, TENN. — A 83,600-square-foot former Neill Sanddler Ford/Lincoln/Mercury dealership sold in Alcoa for $2.58 million to Phoenix, Ariz.-based Amerco Real Estate. The company provides development and real estate services to U-Haul, which will be renovating the buildings for self-storage and moving van rentals. The seller, DNSM Partnership, was represented by Maribel Koella and Brian H. Tapp of NAI's Knoxville, Tenn., office. The buyer was self-represented.
RICHMOND, VA. — Medalist Properties and WRE-Byrd have sold the 475,000-square-foot, ten-building industrial property Byrd Center, located at 5625-5741 S. Laburnum Ave. in Richmond, to AF Byrd Center VA, a joint venture between Adler Real Estate Fund and TriGate Capital, for an undisclosed price. Eric Robison of Thalhimer's Richmond office represented the buyer, broker information for the seller was undisclosed.
LITTLE ROCK, ARK.; CHATTANOOGA, TENN.; AND NASHVILLE, TENN. — CBL & Associates Properties announced that year-to-date it has arranged $135.7 million in financing in the southeast at a combined estimated average interest rate of 5.42 percent with an average term of 6.8 years. Two 10-year loans were closed, including a $99.4 million loan secured by Park Plaza in Little Rock and a $10.6 million loan secured by Hamilton Crossing in Chattanooga, with an average fixed interest rate of 5.7 percent. Additionally, two 5-year loans were closed, including a $12.1 million loan secured by Gunbarrel Pointe in Chattanooga and a $13.6 million loan secured by Coolsprings Crossings in Nashville, with an average fixed interest rate of 4.5 percent.