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.
Southeast
FAIRFAX COUNTY, VA. — Gables Residential will break ground early next month on the 120-unit Gables Centerpointe at the interchange of Interstate 66 and Highway 50 in Fairfax County. The new development will sit adjacent to the 1.5 million-square-foot Fair Oaks Mall. The four-story building will feature a fitness center, a business center and a club room. Completion of the LEED project is slated for late 2011.
BOCA RATON, FLA. — Balfour Beatty Construction has completed vertical construction of the first two towers at Florida Atlantic University's Innovation Village, a $66 million student housing project in Boca Raton. The LEED Silver development will house 1,200 students in 375 units. Amenities will include retail space, a pool, sand volleyball courts, computer labs and fitness rooms. Delivery is expected in time for the 2011 school year.
AMERICUS, GA. — Marcus & Millichap has brokered the $4.53 million sale of a Walgreens between two undisclosed parties. The 14,820-square-foot property is located in Americus. Marcus & Millichap's Joshua Lucas represented the buyer, and the firm's Lior Regenstreif represented the seller. John Leonard helped close the deal.
TAMPA, FLA. — Alliance Residential Co. will break ground in October on the 296-unit Citrus Park Village at 8049 Gunn Highway in Tampa. The project will include a mix of one-, two- and three-bedroom units. Amenities will include a pool, a fitness center, a business center and a game room. Delivery is slated for mid-2012.
ORLANDO, FLA. — Wells REIT II has purchased the 128,000-square-foot SunTrust Center from KanAm Grund for an undisclosed amount. The 10-sotry property, which is leased to SunTrust for 9 more years, is located at 200 S. Orange Ave. in Orlando. Keith Willby served as in-house representation for Wells.
DORAL, FLA. — Bernando Manrique of Miami Partners Realty represented a private party in the purchase of the International Granite & Marble showroom in Doral from a private seller for $3.66 million. The 35,720-square-foot property is located at 3655 N.W. 115th Ave. Franklin Real Estate Services' Joel Kattan and Herman Prohaszka represented the seller.
HIGH POINT, N.C. — Grandbridge has secured a $103.2 million loan for the nearly 3.5 million-square-foot International Home Furnishings showroom in High Point. NATIXIS funded the entire loan. Mike Ortlip, Josh Davis, Annie Martin, Chris Caison and John Gray of Grandbridge arranged the transaction.
FERNANDINA BEACH, FLA. — TRT Holdings/Omni Hotels has purchased the 1,350-acre Amelia Island Plantation resort in an auction from Amelia Island Co. for $67.1 million. Located 6800 1st Coast Highway in Fernandina Beach, the property spans 249 rooms, a tennis center, a spa and 50,000 square feet of meeting space. The Plasenica Group conducted the auction.
WAKE FOREST, N.C. — Wake Forest Crossing LLC has sold the 87,654-square-foot Wake Forest Crossing I Shopping Center to a private investment group for $11.5 million. The 8-year-old center, which is anchored by Lowes Foods, is located on Capital Boulevard in Wake Forest. Hunter and Associates' Banks Hunter represented the seller.