DULLES, VA. — Calkain Cos. has brokered the $13.37 million office sale of Orbital Building 7 in Dulles. The two-story, NNN-leased property is located on 4.52 acres of land off Route 28. Jerry Burg, Rick Fernandez and Andrew Fallon of Calkain represented the seller in the transaction.
Southeast
SPARTANBURG, S.C. — Centro Properties Group has borrowed $18.5 million for its 384,306-square-foot Hillcrest Shopping Center. The Publix-anchored center, which is 76 percent leased, is located on East Main Street in Spartanburg. Quadrant Real Estate Advisors funded the 5-year loan. Dustin Stolly, Jere Lucey and Bryan Jonas of Jones Lang LaSalle secured the loan.
MEDLEY, FLA. — Mike Davis, Brian Smith and Wayne Ramoski represented a private seller in the sale of Palmetto Distribution Center to an undisclosed party. The 880,543-square-foot property traded for $66.5 million. Palmetto Distribution Center, which will now be known as AMB Miami International Business Park, is located at the intersection of Palmetto Expressway and US Highway 27 in Medley. The park is 95 percent occupied.
BALTIMORE — DCT Industrial Trust has purchased a two-building distribution property from a private party for $13.8 million. The 323,000-square-foot development is located at 6200-6300 Beckley St. in Baltimore. The property houses three tenants and is fully leased.
NORTH ARLINGTON, VA. — Rick Fernandez of Calkain Cos. represented an undisclosed party in its $7.3 million sale of a Walgreens store to an undisclosed buyer. The NNN property, which is located in North Arlington, sold at a 6.8 percent cap rate.
NASHVILLE, TENN. — Nashville Dell Parkway General Partnership has purchased two Nashville warehouses totaling 504,000 square feet from Dell Corp. The properties, which are in a free trade zone, are located on Dell Parkway and Airways Boulevard. Eric Ogden of HSA Commercial assisted the buyer. CB Richard Ellis represented Dell Corp.
DAYTONA BEACH, FLA. — Stephan Taylor of Hunter Realty has represented the owner in the sale of two hotels to a private party for an undisclosed price. The properties, Palm Plaza Oceanfront Resort and Beachside Inn Daytona Beachshores, are adjoining properties that span 130 rooms. The hotels are located in Daytona Beach. The buyer will convert the Palm Plaza to a Holiday Inn Express.
BOCA RATON, FLA. — DB Five Grill has sold a 7,683-square-foot Romano's Macaroni Grill restaurant to Cocozella for $3.39 million. The property is located at 2004 Executive Center Circle in Boca Raton. CB Richard Ellis' Dave Donnellan, Bill Strauss and Todd Weintraub brokered the sale.
MOUNTAIN BROOK, ALA. — Bayer Properties has sold the 115,282-square-foot Cahaba Village shopping center to ING Clarion Partners for an undisclosed amount. Located at 2800-3100 Cahaba Village Plaza in Mountain Brook, the property houses Charles Schwab, LensCrafters and Mountain High Outfitters, among others. Cahaba Village is 98 percent leased. Barry Brown, Ryan Shore and Jim Hamilton of Holliday Fenoglio Fowler represented the seller in the transaction. Bayer Properties will stay on as Cahaba's property manager and leasing agency.
FALLS CHURCH, VA. — Regency Centers has completed work on a 55,000-square-foot Safeway grocery store at the Willston Centre II shopping center in Falls Church. The original 42,491-square-foot store was demolished early this year. Regency Centers has also completed a renovation of the entire property. The 127,449-square-foot center, which was built in 1986, is located at 6118 Arlington Road.