ST. PETERSBURG, FLA. — CBRE has arranged the $2.9 million sale of the 67,050-square-foot Town Plaza, a shopping center located at 1846 62nd Ave. N. in St. Petersburg. Mark Shellabarger of CBRE's Tampa, Fla., office represented the undisclosed seller in the transaction. The buyer, a locally-based private investor, plans to renovate the center.
IRVINE, CALIF. — Irvine-based Auction.com has reached $453 million in sales, with more than $600 million in Unpaid Principal Balances sold, in its recent online auction of Non-Performing Notes & Commercial REO Properties in the Southeast. The properties are located in Alabama, Florida, Georgia, Kentucky, Maryland, Mississippi, North Carolina, Tennessee and Virginia. Auction.com sold 187 assets on behalf of the 10 institutional clients who participated in the sale. Starting bids ranged from $500 to $10.5 million, and included multifamily, manufactured housing communities, retail, mixed-use, hotel, land, self-storage, office, industrial and special-purpose assets.
ATLANTA — The 375,085-square-foot One Georgia Center, located at 600 W. Peachtree St. in Atlanta, has been sold for $48.6 million. Stewart Calhoun, David Meline, Samir Idris and Casey Masters of Cushman & Wakefield's Atlanta office represented Cousins Properties, the seller, in the transaction. Newton, Mass.-based Government Properties Income Trust was the buyer.
POMPANO BEACH AND LANTANA, FLA. — Stiles Realty has arranged the sale of two former City Furniture stores in two separate transactions. In Pompano Beach, Spring Holding purchased the 58,811-square-foot showroom, located at 1001 W. McNab Rd., for $3.52 million. CBRE represented the buyer. In Lantana, Lantana Holdings bought the 44,000-square-foot store, located at 1330 W. Lantana Rd., for $3.3 million. Stiles Realty represented Advanced Business Associates, the seller, in both transactions.
SCOTTSBORO, ALA. — Cassidy Turley has brokered the $2.86 million sale of the 60,000-square-foot County Park Plaza, located at 1402 County Park Rd. in Scottsboro. Aaron's Sales & Leasing and Food World anchor the center, which is currently 95 percent leased. Drew Fleming and Mark Joines of Cassidy Turley's Atlanta office represented RCG Ventures, the seller, in the transaction. The buyer was an Atlanta-based private equity group.
CARROLLWOOD, FLA. — Weingarten Realty Services has purchased a 6.33-acre property, located on Northdale Boulevard in Carrollwood, for $2.75 million to build a 37,144-square-foot Whole Foods. Jeff Tolrud of Colliers International's Tampa Bay, Fla., office represented Northdale Associates, the seller, in the transaction. Weingarten will clear the former JC Penney Credit Processing building currently occupying the site. Whole Foods is expected to open in late 2012.
NASHVILLE, TENN. — MarketStreet Enterprises has chosen Spectrum/Emery to develop, lease and manage 1.5 million square feet of office space at the 60-acre, $450 million The Gulch, a master-planned community located in Nashville's central business district. Five Class A buildings will be constructed on the site. Targeted tenants include Fortune 500 companies and businesses within the music, financial, legal, healthcare and technology industries. Solid groundbreaking and completion dates have not been set at this time.
NAPLES, FLA. — ARA's Senior Housing Group has arranged the $85 million sale of the 350-unit The Carlisle Naples, an independent and assisted living community located at 6945 Carlisle Ct. in Naples. Ryan Maconachy and Chad Lavender of ARA's Dallas office represented Naples Club, the seller, in the transaction.
RIVIERA BEACH, FLA. — Deerfield Beach, Fla.-based SIKON Construction has completed construction on the new $7 million, 104,000-square-foot Publix at Riviera Beach, located at 252 E. Blue Heron Blvd. in Riviera Beach. Orlando, Fla.-based Brandon Structures developed the store, which was designed by Clearwater Beach, Fla.-based Fisher & Associates. The property includes a two-level parking structure on top of the 36,350-square-foot Publix store. The store will open on November 10.
FORT MYERS, FLA. — CBRE has negotiated the $7 million sale of the 376-unit Edisto Lake Apartments, located at 10770 Clear Lake Loop in Fort Myers. Jonathan Richards of CBRE's Naples, Fla., office and Thomas Fischer of CBRE's Columbus, Ohio, office represented Edisto Group, the seller, in the transaction. The buyer was Pacifica Cos.