LAKELAND, FLA. — An undisclosed national bank has sold the 59,102-square-foot Highlands Storage to a private party for $1.25 million in an REO sale. The property is located at 4733 Exploration Ave. in Lakeland. Michael Mele of Marcus & Millichap's Tampa, Fla., office brokered the sale.
MIAMI — NGP Fund V has purchased a four-property Florida office portfolio totaling 196,915 square feet from South Florida Federal Partners for $95.1 million. The Miami properties include a 60,157-square-foot building located at 8801 NW 7th Ave.; a 45,911-square-foot building located on SW 120th St.; and a 41,064-square-foot building located on Miami Gardens Drive. One 28,667-square-foot property is located on 31st Ave. in Oakland Park. United States Citizenship and Immigration Services lease the buildings under a 15-year agreement. Hermen Rodriquez and Ike Ojala of Holliday Fenoglio Fowler's Miami office brokered the sale.
DELAND, FLA. — A limited liability company based in Florida has sold the 56-unit Laurel Oaks apartment complex to a private investor for $1.65 million. The property is located on 5.58 acres at 650 North Boundary Road in DeLand. Michael Donaldson of Marcus & Millichap represented the seller.
SARASOTA, FLA. — MyUS.com has leased 60,000 square feet of warehouse space from Meridian Development Group in the firm's 1 million-square-foot Meridian Distribution Center. The tenant's space at the Sarasota property allows it to occupy 40,000 additional square feet. The move, which is a consolidation of two existing locations, brings 60 new jobs to the county. Ian Black Real Estate's Steve Horn represented MyUS.com. Cushman & Wakefield's Tim Callahan represented the landlord.
HOWARD COUNTY, MD. — Bavar Properties Group has broken ground on the 164-unit The Enclave at Emerson multifamily complex. Located off Gorman Road in Howard County, the 8.2-acre property will include both luxury apartments and townhomes. The firm also is constructing a 5,000-square-foot clubhouse that will include a business center, a fitness center, a theater room and a billiards room.
BALTIMORE COUNTY, MD. — Holland Construction Corp. has broken ground on the first phase of the 80-unit Patapsco Overlook, a complex for adults aged 55 and older. The Active Adult property, located off Thistle Road in Baltimore County, is being developed by J. Kirby Development. Amenities include grill and picnic areas, and a car wash. The development schedule of future phases will be dictated by the success of the initial phase.
NAPLES, FLA. — J.L. Wallace of Fort Myers, Fla., has finished work on a 12,900-square-foot CVS/pharmacy store located at 8831 Immokalee Road in Naples. Robert Reid Wedding Architects designed the property, which features a drive-thru area. Coastal Engineering Consultants also provided services.
WASHINGTON, D.C. — Ari Firoozabadi of Marcus & Millichap has represented a private buyer in the $2.15 million sale of an 18-unit apartment complex in Washington to an undisclosed seller. The property is located at 626 Independence Ave. Capital Bank financed the transaction.
CHARLESTON, S.C. — Healthcare Trust of America has purchased the 45,500-square-foot Cannon Park Place from a private party for $10.44 million. The Class A medical office building is located adjacent to the Medical University of South Carolina's campus. Rite Aid and University Medical Associates lease 80 percent of the fully leased building.
LARGO, FLA. — Wallace Associates of St. Petersburg, Fla., will soon begin work on a 105,000-square-foot renovation to a diagnostic clinic in Largo, transforming it into the West Bay Professional Plaza. The medical office plaza will be located at 1551 West Bay Drive. The property is located in a Brownfield Designation Area.