STOCKBRIDGE, GA. — Piedmont Henry Hospital and Ackerman Medical have plans to build the $11 million, 60,000-square-foot Henry Physician Center, located at the intersection of Eagle's Landing Parkway and Rock Quarry Road in Stockbridge. The 3-story building will be located at the entrance of the hospital's campus. Groundbreaking is scheduled for this summer, with completion slated for early 2013.
PORT SAINT LUCIE, FLA. — A 14,736-square-foot Walgreens, located at 5505 NW St. James Dr. in Port Saint Lucie, has sold for $7.77 million. Stephen Heim of Fort Lauderdale, Fla.-based NAI Rauch Weaver Norfleet Kurtz & Co. represented St. James Capital, the buyer, in the transaction. Marcus & Millichap represented the seller, St. Andrews Park II.
ATLANTA — Atlanta-based Tempo Properties has sold the 1,188-unit Tempo Portfolio, which includes 12 properties located on Buford Highway NE and Lenox Road NE in Atlanta, for $35.75 million. Included in the properties are the 135-unit Cabana Apartments; the 64-unit Cross Keys Apartments; the 154-unit Hallmark Apartments; the 111-unit Parkway Apartments; the 128-unit Tempo 2000 Apartments; the 158-unit Continental Apartments; the 135-unit Dover Station Apartments; the 72-unit Majestic I; the 62-unit Majestic II; the 60-unit Monaco Apartments; and the 108-unit Montego Apartments. Paul Vetter and Andrew Mays of Marcus & Millichap's Atlanta office represented the seller in the transaction and procured the buyer, a Yakina, Wash.-based national real estate company.
ATLANTA — Atlanta-based Cousins Properties has plans to repurpose 170,000 square feet of office space into data center space at the 1 million-square-foot American Cancer Society Center, located at 250 Williams St. in Atlanta. Cousins has entered into a relationship with Colliers Technology Solutions to lease the space. John Portman & Associates designed the building, which was the headquarters for the 1996 Olympic Games.
ALEXANDRIA, LA. — The 106-unit Econo Lodge Inn & Suites, located at 2716 N. MacArthur Dr. in Alexandria, has sold for an undisclosed price. Bryan Blanchard and Randy Lee of The Mumford Co.'s Dallas office represented the seller, Triad Hospitality, in the transaction. The buyer was Neptune Lodging Partners.
BIRMINGHAM, ALA. — Graham & Co. has negotiated the $2.45 million sale of a 45,000-square-foot industrial property, located at 350 Industrial Dr. in Birmingham. Ogden Deaton of Graham & Co.'s Birmingham office represented Prime Properties of Alabama, the buyer, in the transaction. SCP 350 Industrial LLC was the seller.
MAITLAND, FLA. — ActivEngage has signed a 30,000-square-foot lease at Maitland West II, located at 2701 Maitland Center Pkwy. in Maitland. Tiffany Zullo of Maitland-based Tower Realty Partners represented the landlord in the lease transaction. The tenant was self-represented.
TYSONS CORNER, VA. — Greystar and Prudential Real Estate Investors (PREI) have formed a joint venture to build the 404-unit Ascent, a high-rise apartment community located at the intersection of Route 7 and Spring Hill Road in Tysons Corner. The 26-story property will be the tallest building in Tysons Corner. Amenities will include a rooftop pool, fitness center and community areas. Greystar will develop and manage the property, John Moriarty & Associates is the general contractor and PREI is acting on behalf of institutional investors. The property is part of the 7 million-square-foot Spring Hill Station, a mixed-use development under construction by the Georgelas Group and Dierman Realty Group, along with partners T-Rex Capital Group and Preminger Investments. Construction on Ascent is slated to begin this spring, with an expected completion in mid-2014.
OLIVE BRANCH, MISS. — Monmouth Real Estate Investment Corp. has acquired a 234,660-square-foot industrial building, located at 8644 Polk Ln. in Olive Branch, for $16.2 million. The property, which was a build-to-suit developed by IDI, has net-leased for 10 years to Anda Pharmaceuticals, a distribution division of Watson Pharmaceuticals.
NORCROSS, GA. — The 33,000-square-footo Northwoods Data Center, located at 2775 Northwoods Pkwy. in Norcross, has sold for $5.3 million. The property is fully leased through 2025 to a co-location tenant that operates in 10 separate markets and runs a total of 21 data centers. Kansas City, Mo.-based Carter Validus Mission Critical REIT was the buyer.