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.
PENSACOLA, FLA. — Plaza Advisors has arranged the sale of the 333,654-square-foot Gulf Breeze Marketplace, located at the intersection of U.S. 98 and County Road 281 in Pensacola. Walmart Supercenter and Lowe's Home Improvement shadow anchor the center. Jim Michalak and Lenard Williams of Plaza Advisor's Tampa, Fla., office, with Anthony Blanco of the firm's Miami office, represented DDR Corp., the seller, in the transaction. The buyer was a private equity group.
CHARLOTTE, N.C. — Liberty Property Trust has acquired the 1.08 million-square-foot Crosspoint Center, a seven-building industrial park located at the intersection of Interstates 77 and 85, from TA Associates for $60.75 million. The complex is 90 percent leased to tenants such as Sygma, MEDIC, Lagasse, Flexalloy, Diagnostic Devices and Brooks Equipment.
BOYNTON BEACH, FLA. — A joint venture between Flagler Investment and Investcorp Real Estate has purchased the 133,473-square-foot Bethesda Health City, a medical office building located at 10301 Hagen Ranch Rd. in Boynton Beach, from Bethesda Healthcare Systems for $37 million in an off-market transaction. Charles Foschini, Christopher Apone and Christian Lee of CBRE's Miami office arranged $26.3 million in acquisition financing for the buyer. The 10-year loan has a 30-year amortization schedule.
DULUTH, GA. — Gwinnett Center, a 263,742-square-foot office complex consisting of three buildings, was acquired for $14.1 million from a senior lender by Orlando, Fla.-based Global Growth Trust, Inc., a non-traded real estate investment trust (REIT), after the previous owners defaulted on their debt payments. The Duluth property, located adjacent to the Pleasant Hill Road and Interstate 85 interchange, is 41 percent leased by tenants in the healthcare, education and engineering industries.
DURHAM, N.C. — Cree Inc. has acquired 60,000 square feet of office space, located at 4600 Silicon Dr. in Durham, from Pinnacle Park, for $3.65 million. Jim Allaire, Chris Norvell and Jackson Rives of Cassidy Turley's Raleigh, N.C., office represented the buyer in the transaction. Lee Clyburn of Grubb & Ellis Thomas Linderman Graham's Raleigh office represented the seller.
ORLANDO, FLA. — Financial Compound has secured an $8.25 million refinance loan for a 150,000-square-foot, Food Lion-anchored shopping center in Orlando. The 3-year loan has no amortization schedule.
JEFFERSON PARISH, LA. — The Feil Organization has purchased the 412,000-square-foot Elmwood Distribution Center, an industrial complex located at 5600 Jefferson Highway in Jefferson Parrish, for approximately $20 million. The center is comprised of the 42,000-square-foot Elmwood Plaza, a retail building, and four warehouse buildings totaling 370,000 square feet. Rick Brugge and Mike Davis of Cushman & Wakefield's Tampa, Fla., office represented the seller in the transaction.
