CORAL SPRINGS, FLA. — Lara Design Row has sold the 90,476-square-foot Design Row Shopping Center to Design Row LLC for $7.25 million. The property is located at 7365-7679 Sample Road in Coral Springs. CB Richard Ellis' Dave Donnellan, Bill Strauss, and Todd Weintraub brokered the sale.
Southeast
MOBILE, ALA. — ASH II has sold the 170-room Radisson Admiral Semmes hotel to a private party for $3.5 million. The sale included the hotel, which is located at 251 Government St. in Mobile, and a vacant lot. The buyer plans to undertake a renovation to the property. Huff, Niehaus & Associates' Brandt Niehaus represented the seller.
BONITA SPRINGS, FLA. — Coconut Living has purchased 13.6 acres of land from Servco for $2.5 million. The Bonita Springs space, which is know as the Murano at Coconut Point , is zoned for multifamily buildings. CB Richard Ellis' Jonathan Richards represented the seller in the transaction. Heights Realty & Investments' Stephen Hagenbuckle represented the buyer.
DUNCAN, S.C. — Sikes Properties has purchased a 25,000-square-foot retail building from First Citizens Bank and Trust for an undisclosed amount. The recently completed property is located at 309 Tucapau Road in Duncan. NAI Earle Furman's Greg Koch represented the seller. P. Randall Bentley of Bentley Commercial represented the buyer.
LILBURN AND DOUGLASVILLE, GA. — Sean Attaway Molloy of Franklin Real Estate Services has represented a private seller in the $11.2 million sale of two Walgreens stores to a private party. One store is located at 4235 Lawrenceville Highway in Lilburn; the other is located at 3851 Chapel Hill Road in Douglasville.
ATLANTA — Scott McGregor and John Haynes of Resource Real Estate Partners have brokered the $10 million sale of 6.5 acres of land between two undisclosed parties. The land, which is zoned for mixed-use development, is located on Pharr Road in the Buckhead neighborhood of Atlanta. The acreage can accommodate up to 1.2 million square feet of development.
PEACHTREE CITY, GA. — HJB Holdings has purchased a 117,221-square-foot flex building from Dividend Partners for $5.2 million. Located at 665 Highway 74 South in Peachtree City, the property is 95 percent occupied. Cushman & Wakefield represented the buyer. Marcus & Millichap's Britton Burdette and Rob Fox represented the seller in the transaction.
UNION CITY, GA. — Developers Diversified Realty Corp. has sold the 100,002-square-foot Shannon Square shopping center to RCG Ventures of Atlanta for an undisclosed amount. The property, which is anchored by Citi Trends, is located on Jonesboro Road in Union City. Additional tenants include Dollar Tree and Farmer's Home Furniture. Kris Cooper, Margaret Caldwell and Christie Hawver of Jones Lang LaSalle represented the seller.
ATLANTA — Passion City Church has leased a 134,000-square-foot property from Ram Realty Services and has begun converting the former big-box store into a worship area. The property had housed a Home Depot EXPO, a PGA Superstore and a Sam's Club, and is located at 515 Garson Drive in Atlanta's Lindbergh City Center area. The renovations will be complete by the end of this year.
TRUSSVILLE, ALA. — NC/Trussville has sold the 67,325-square-foot Trussville Marketplace to a California-based private investor for an undisclosed amount. The property is located on 9.7 acres of land at 445-465 Main St. in Trussville. Winn Dixie, Dollar Tree, Domino's Pizza and Great Clips are housed in the center, which is 98 percent occupied. Hanley Investment Group Real Estate Advisors represented the seller.