FOREST PARK, GA. — TricorBraun has signed a 125,000-square-foot warehouse lease with DCT Industrial in Atlanta's airport submarket. The property is located at 260 Southfield Parkway in Forest Park. Ed Riggins of CresaPartners represented the tenant in the transaction. Tommy Hughes of Hughes Commercial Real Estate represented DCT Industrial.
MIAMI — Keiser University has leased a new 90,000-square-foot building from Procacci Development Corp. for the relocation of its Kendall campus. The build-to-suit is located in Crossroads at Dolphin Commerce Center in Miami. The office park spans 438,000 square feet in four, Category 5 hurricane-resistant buildings.
BRANDYWINE, MD. — Exeter Property Group has purchased a 393,440-square-foot warehouse from Capital Development Co. of Lacey, Wash., for $11 million. Located at 14301 Mattawoman Drive, the property was formerly occupied by Circuit City and is currently leased by hhgregg. Matthew Laraway and Ned Brady of Cushman & Wakefield represented the seller. Exeter had in-house representation.
GAINESVILLE, GA. — V&V Real Estate has sold a 123,948-square-foot Lowe's Home Improvement Center and 12.96 acres of land to a private buyer for $7.2 million. The property is located at 1514 Skelton Road in Gainesville. Tim Giambrone of Marcus and Millichap's Atlanta office brokered the sale.
FROSTPROOF, FLA. — Dimara Corp. has sold the 34-acre Frostproof Retreat to Lomas Del Sol for $1.05 million in a transaction that took nearly 2 years to complete. The Frostproof property features a 6,000-square-foot building, a mobile home and six outbuildings, and it will be used as an H2A Farm Labor Housing facility. Greg Smith, Clay Taylor, David Hitchcock and Darby Craddock of Coldwell Banker Commercial Saunders Real Estate brokered the sale.
MIAMI — The City of Miami Omni Community Redevelopment Agency has approved funding for the remediation of 8 acres of the 29-acre Museum Park parcel. The Miami project, which is scheduled to be completed in November, will pave the way for the future Miami Art Museum and the 250,000-square-foot Miami Science Museum buildings.
MIAMI — Coastal Construction Group has completed the 370,000-square-foot Miami Carol City High School in Miami. The Miami property, which was finished 4 months ahead of schedule, is the second phase of a three-phase project, which also included construction of a 34-classroom building and calls for the demolition of the existing school and the construction of new athletic fields. Students will start at Miami Carol City High School this August.
LAKE WORTH, FLA. — HH Somerset has purchased the 24-unit Somerset Apartments from a private seller for $1.82 million. The 20,748-square-foot property is located at 102 N. Lakeside Drive in Lake Worth. Brandon Rex of Marcus and Millichap brokered the sale.
RALEIGH, N.C. — TGM Realty Investors has purchased the 112-unit River Haven Apartments from River Haven Investments for $4.4 million. The property, located at 9310 River Haven Place in Raleigh, is the third apartment complex the buyer has purchased in North Carolina. River Haven Apartments was built in 2000.
ORLANDO, FLA. — 129 West Church Street LLC has purchased the former Rosie O'Grady's restaurant in downtown Orlando from a private party for $2.2 million. The buyer will turn the 11,296-square-foot property, located at 129 West Church Street, into MoJo, a New Orleans-style restaurant. Jamie Barati of Colliers International Central Florida represented the buyer.