OCALA, FLA. — Four Florida Shopping Centers has sold the 110,000-square-foot Oakbrook Plaza to a private buyer for $2.77 million. The Ocala property is anchored by Winn Dixie and Family Dollar. Reichel Realty represented the seller in the transaction.
KNOXVILLE, TENN. — LGS Knox of Nashville has purchased the 129-room Quality Inn Knoxville from a private seller for an undisclosed price in an all-cash transaction. The property, located on Cedar Lane, will retain its Quality Inn brand but will undergo renovations. Amenities include an outdoor pool and a fitness center. Anthony Falor of Hodges Ward Elliott represented the seller.
ROCKVILLE, MD. — Archbishop Phillip Hannan has sold a 3,657-square-foot McDonald's to a Maryland-based developer for $2.34 million. Located at the intersection of Viers Mill Road and Atlantic Avenue in Rockville, the property was built on 1.01 acres of land in 1998. Kirk Knight, Peter Snell and Benjamin Marks of Marcus & Millichap brokered the sale.
NORTH PALM BEACH, FLA. — CJ-VJ Management has purchased .70 acres of land from 1295 U.S. Highway One LLC for $900,000 and plans to build an office property on the site. The land is located at 1295 U.S. Highway One in North Palm Beach. Sperry Van Ness' Robert Hamman represented the buyer. Nancy Maione of Illustrated Properties represented the seller.
FORT MYERS, FLA. — MAS Group has sold the 180-unit Bay Breeze Villas apartment complex to DeBartolo Development for $13.57 million. The property, located off Iona Road in Fort Myers, is a converted condominium project that was purchased for a discount to replacement cost. Bay Breeze spans 201,196 square feet and was built around a 9-acre lake. Jamie May and Matt Mitchell of Marcus & Millichap represented the seller.
ORLANDO, FLA. — Scott Bois of Wells Fargo has originated a $23 million CMBS loan for the 260,751-square-foot Citrus Center office building. The Class A property is located in downtown Orlando. Citrus Center features a private business club, a spa and a fitness center.
CORAL GABLES, FLA. — The 36-unit Villa Majorca luxury multifamily community, which is currently under construction in Coral Gables, has opened its leasing office in anticipation of a July completion date. Florida East Coast Realty is developing the property. Features include a rooftop garden with a Jacuzzi, a clubroom and a fitness room. Units are equipped with Energy Star appliances, private balconies and emergency communication systems.
MIAMI — Carlisle Development Group will hold a groundbreaking party Wednesday for the 467-unit Brownsville Transit Village affordable housing community. The $100 million, in-fill property, located at 5200 NW 27th Ave. in Miami, will be built in five phases on 5.8 acres. The property will be designed to achieve LEED certification; amenities will include a community center, a computer lab and an exercise room.
CHARLOTTE, N.C. — Replico Corp. has signed a 125,400-square-foot lease with M David Properties for the first of four buildings under construction at SilverLanding in Charlotte. The warehouse, located at 6800 Steele Creek, was designed by Wash Hatem Nelson Architects and features T-5 lighting, TPO reflective roof membranes and trailer storage. Cassidy Turley's Lane Holbert and Barb Jespersen, along with Ed Mendence of Sperry Van Ness, represented the tenant. Warren Snowdon and Ralph Oldham of Commercial Carolina represented the landlord.
VIRGINIA BEACH, VA. — Hartley LLC has purchased an 8,400-square-foot office building from Realty Ventures for $1.14 million. The property is located at 615 Lynnhaven Parkway in Virginia Beach. The space will be used as the offices of Integrity Staffing. John P. Duffy of Thalhimer brokered the sale.