Southeast

FEDERAL PARTNERS TAKES 104,003-SQUARE-FOOT OFFICE BUILDING IN VA.

by admin February 16, 2011

CHANTILLY, VA. — Federal Partners has acquired Meadows I, a 104,003-square-foot office building in Chantilly. Located at 4755 Meadow Wood Lane within Westfields Corporate Center, the property has undergone recent improvements, including a new roof, facade renovations, major mechanical upgrades and updated restrooms. Paul Collins, Bill Collins, Drew Flood, James Cassidy and Jud Ryan of Cassidy Turley represented the seller, an institutional client represented by Hart Realty Advisors, in the transaction. Terms of the sale were not released.

February 16, 2011

320-UNIT MULTIFAMILY COMMUNITY ACQUIRED IN TAMPA, FLA.

by admin February 16, 2011

TAMPA, FLA. — First Market Properties has acquired Canterbury Apartments in Tampa after purchasing the property's mortgage from a national bank. Located near Interstate 275 in Tampa, the 320-unit garden apartment community was built in 1973. The acquired loan had a balance of approximately $8.5 million. Newport Property Ventures took over property management in mid-2010.

February 16, 2011

Retail Southeast

53,105-SQUARE-FOOT SELF-STORAGE FACILITY SELLS IN GEORGIA

by admin February 16, 2011

CANTON, GA. — Marcus & Millichap has brokered the sale of Miracle Self Storage, which is located at 6380 Hickory Flat Highway in Canton. The 53,105-square-foot property sold for approximately $2 million or $37.66 per square foot. Stacey Gorman of Marcus & Millichap represented the undisclosed seller and undisclosed buyer in the transaction.

February 16, 2011

Office Southeast

ZIFF PROPERTIES SELLS OFFICE BUILDING IN S.C.

by admin February 16, 2011

NORTH CHARLESTON, S.C. — Mt. Pleasant, S.C.-based Ziff Properties has completed the disposition of Corporate Square II, which is located at 4925 LaCross Road in North Charleston. Real Estate Value Advisors purchased the 32,656-square-foot office building for an undisclosed price. The property is currently 93 percent occupied by tenants, including Leschaco Inc., Hearst Communications, Sentry Management and Family Services. Frank Norvell of Charleston, S.C.-based The Norvell Group represented the seller in the transaction.

February 16, 2011

Retail Southeast

10,397-SQUARE-FOOT BUILDING TRADES FOR $2.8 MILLION IN MIAMI

by admin February 16, 2011

MIAMI — BankUnited has purchased a 10,397-square-foot building, which is located at 2159 S.W. 22nd St. in Miami. BF 2159 Coral Way LLC sold the property, which is situated on 29,391 square feet of land, for $2.8 million. David Preston of Newmark Knight Frank represented the buyer; Stephen Gaunt and Eric Gaunt of CresaPartners represented the seller in the transaction.

February 16, 2011

Office Southeast

ATLANTA PROPERTY GROUP ACQUIRES DRUID CHASE BUILDING IN ATLANTA

by admin February 15, 2011

ATLANTA — Atlanta Property Group (APG) has acquired the Druid Chase Building in Atlanta. Located at 2801 Buford Highway, the six-story building offers 113,820 square feet of office space. The property was 78 percent occupied at the time of closing. The buyer plans to renovate the property, including upgrades to the lobbies, corridors, restrooms and building systems, this spring. APG has partnered with Lavista Associates to lease the building, which will be managed by Lincoln Property Co.

February 15, 2011

Industrial Southeast

99,000-SQUARE-FOOT INDUSTRIAL BUILDING SELLS IN MARYLAND

by admin February 15, 2011

CAPITOL HEIGHTS, MD. — BSV Ritchie Road LLC, an investment-partnership controlled by Broad Street Ventures, has purchased an industrial building in Capitol Heights. Located at 51 Ritchie Road, the 99,000-square-foot building is fully leased by United Sheet Metal Inc. Financing for the $6.6 million acquisition was provided by Eagle Bank. Michael Jacoby, Tom Yockey and Jeff Kelly of Broad Street Ventures lead the transaction.

February 15, 2011

Office Southeast

ROSEMONT REALTY SELLS OFFICE BUILDING IN FLORIDA

by admin February 15, 2011

CHAMPIONSGATE, FLA. — Rosemont Realty has completed the disposition of ChampionsGate, an office building located at 8390 ChampionsGate Blvd. in ChampionsGate. The three-story, 44,605-square-foot building was acquired by Ontario, Canada-based Vista Group of Companies. The acquisition price was not disclosed. Joe Rossi and Bret Feldberg of Grubb & Ellis' Investment Group represented the seller in the transaction.

February 15, 2011

Healthcare Southeast

BROADSTONE REIT ACQUIRES MOB OFFICES IN FLORIDA

by admin February 14, 2011

TAMPA, FLA. — Broadstone Net Lease Inc. (BNL) has acquired five triple net-leased medical office buildings in Florida and Texas for a total of $18.4 million. BNL purchased four radiology centers in a sale-and-leaseback transaction in the Tampa Bay area. The properties comprise more than 50,000 square feet and are leased to Tower Radiology Centers for 15 years. Additionally, the company completed a sale-and-leaseback transaction for the Plastic and Cosmetic Surgery Center of Texas. The 11,000-square-foot property is located in Plano, Texas. Terms of the transactions were not disclosed.

February 14, 2011

Civic Southeast

BRENNER REAL ESTATE GROUP BROKERS TWO SALES IN PLANATION, FLA.

by admin February 14, 2011

PLANATION, FLA. — Fort Myers, Fla.-based Brenner Real Estate Group has brokered the sales of two properties in Planation. In the first transaction, Xenia Management Corp. acquired a 5-acre land parcel located on the north side of West Sunrise Boulevard between University Drive and Pine Island Road. The site will be used for a 60,000-square-foot, build-to-suit facility for the GSA Social Security. Pine Island Commons LLC sold the property for $3.5 million. Lloyd Nettles of Capital Land Investments represented the buyer; Scott Brenner of Brenner Real Estate represented the seller. In the second transaction, Brenner and Bert Freehof, of Brenner Real Estate, along with Doug Mandel of Marcus & Millichap, represented Federation Holdings II in the disposition of a 6.6-acre land site at the corner of Northwest 11 Place and Northwest 66 Avenue. The City of Planation acquired the property for $2.47 million.

February 14, 2011

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