GREENVILLE, N.C. — Grubb & Ellis|Thomas Linderman Graham has brokered the sale of Riverwood Apartments, a multifamily property located in Greenville. Clarence R. Lambe Jr. purchased the 108-unit property for $1.7 million. Constructed in 1974, the 87,156-square-foot community is situated on 8.44 acres of land at 200 Verdant Dr. The property was more than 80 percent occupied at the time of the transaction. Curteis Calhoun of Grubb & Ellis represented the seller, Atlas Inc., in the transaction.
MIAMI — Wood Partners and AREA Property Partners have acquired Terrazas River Park Village, a 324-unit Class A multifamily property located in Miami. The property consists of two towers on a 2.15-acre site along the Miami River. Terrazas offers one-, two- and three-bedroom units, two-story penthouses and townhome units, as well as a fitness center with a yoga/aerobics studio and separate men's and women's shower/sauna areas, a meditation garden, a pool and spa, a sundeck and a private clubhouse. Robert Given of CB Richard Ellis' Multi-Housing Group brokered the off-market transaction. Terms of the sale were not released.
OCALA, FLA. — Farmington Hills, Mich.-based Agree Realty Corp. has completed the disposition of a retail property in Ocala. Occupied by Walgreens, the 14,820-square-foot property sold for $4.12 million. The buyer was not disclosed.
JACKSONVILLE, FLA. — Fortegra Financial has leased 58,000 square feet at Flagler's Deerwood South business park, which is located at 10151 Deerwood Park Blvd. in Jacksonville's Southside. Locally based Fortegra plans to relocate its corporate headquarters to the new property, which has a lease term of 11 years. Ross Carrier provided in-house representation for Flagler; Craig McCaw and Andy Davidson of MB Real Estate, along with Brad Chrischilles of CNL Commercial Real Estate, represented Fortegra Financial in the transaction. Terms of the lease were not disclosed.
ORANGE PARK, FLA. — Flagship Investment Group has purchased Coast Self Storage, a self-storage facility, which is located at 2000 Wells Road in Orange Park. Built in 1987, the property consists of 62,596 net rentable square feet with 433 storage units, six office spaces and 44 parking spaces. The buyer plans to rebrand the property as a Stor•Kwik Self Storage, which is the buyer's self-storage brand. Steve Hryszko and Bruce Jackson of CB Richard Ellis represented the seller, Urban Investments, in the transaction. The sales price was not disclosed.
HENRICO COUNTY, VA. — Zeller+Gmelin Corp. has acquired 83,247 square feet of industrial space at 4801 Audubon Dr. in Henrico County. Independent Container Line Limited sold the space for $4.4 million. The buyer plans to occupy the property. David Williams and Chip Louthan of Grubb & Ellis|Harrison & Bates represented the seller in the transaction.
RALEIGH, N.C. — Charlotte, N.C.-based Ferncroft Capital has partnered with Alliance Commercial Investments of Greensboro, N.C., to acquire Wake Forest Crossing in Raleigh. Anchored by Lowes Food, the 90,000-square-foot retail center is located along Capital Boulevard. The property was 100 percent occupied at the time of closing. Hunter and Associates represented the undisclosed seller in the transaction. The acquisition price was not released.
CHESAPEAKE, VA. — Seacoast Electric Company has completed the disposition of 800 Seaboard Avenue in Chesapeake. The property offers 58,052 square feet of Class A office/warehouse space. The facility is currently leased to EIS Inc. dba Seacoast Electric Company. 800 LLC, a John Lee & Associates related partnership, acquired the property for $2.1 million.
ORLANDO AND OVIEDO, FLA. — Healthcare Trust of America has acquired a medical office portfolio in Orlando and Oviedo for approximately $18 million. The 105,000-square-foot portfolio consists of two Class A multi-tenant medical office buildings. Constructed in 2000, Lake Underhill Medical Center is located on the Florida Hospital East Orlando campus in Orlando. Oviedo Medical Center was built in 1997 and is located adjacent to Florida's Hospital CentraCare in Oviedo. The buildings are 98 percent leased with more than 50 percent leased to Florida Hospital, which is part of the Adventist Health System. Additional details of the transaction were not disclosed.
AVENTURA, FLA. — Chateau Aventura has purchased Terzetto at Aventura, a condominium development site in Aventura, for $3.62 million or $43.14 square foot. Located at 2775 N.E. 185th Ave., the 1.92-acre property is approved for a 22-story, 205-unit condo project. Common Capital Partners Inc. represented the buyer; Kevin Kidwell of Sperry Van Ness' Fort Lauderdale, Fla., office represented the seller, MGAL REPH I, II, III LLC, in the transaction.