DORAL, FLA. — PS Business Parks has completed work on 135,000 square feet of industrial space at the Miami International Commerce Center. The space, which is located at 8216 NW 14th St. in Doral, includes a 75,000-square-foot warehouse and the redevelopment of 60,000 square feet of street-level units. The center now encompasses more than 3.2 million square feet of industrial and flex space.
Southeast
RESTON, VA. — Reston-based Calkain Cos. has acquired Westpark Real Estate Advisors, an asset management consulting and advisory firm. Calkain will now be able to provide clients with everything from underwriting services to the disposition of assets. Richard Murphy, former principal of Westpark, will become managing director of Calkain Asset Management. His focus will be underwriting and asset management in the industrial, office and retail markets.
COLUMBUS, GA. — Columbus-based Victory Real Estate Investments has purchased a 10-property shopping center portfolio from Prattville, Ala.-based Newton Oldacre McDonald for an undisclosed amount. Four centers are located in Florida, another four centers are located in Alabama, and the remaining properties are located in Mississippi and Louisiana.
GREENSBORO, N.C. — Bell Fund III has purchased the 336-unit Brassfield Park Apartments from an Atlanta-based investment firm for $22.8 million. The property, which was built in 1997, is located in Northwest Greensboro. A partial renovation is already under way.
COLUMBIA, MD. — Eastern Outdoor Advertising Co. has purchased the 8,500-square-foot Centre Park 100 from 8890 Centre Park Drive LLC for $2.3 million. The property is located at 8890 Centre Park Drive in Columbia. The building is fully leased by four tenants. Manekin's David Paulson represented the buyer. Gil Neuman of KLNB represented the seller.
OCALA, FLA. — Konover South of Deerfield Beach, Fla., will break ground this fall on the 92,600-square-foot Park View Commons shopping center. The property, which will be anchored by a 45,600-square-foot Publix, will be located at the intersection of Maricamp Road and Southeast 24th Street in Ocala. The plans also call for 25,000 square feet of in-line retail space and three outparcels.
ATLANTA — L&B Realty Advisors has sold the 94,966-square-foot Duluth Station shopping center to Forge Capital Partners for $8.27 million. The property, which is 79 percent leased, is located at 2750 Buford Highway in Atlanta. Tenants in the Publix-anchored center include Great Clips, H&R Block, State Farm and Subway. Jim Hamilton of Holliday Fenoglio Fowler represented the seller.
ATLANTA — Cortland Partners has purchased the 519-unit Northchase Apartments from a special servicer. The purchase price and a planned renovation, which will last 6 months, totals $15.2 million. Located at 6750 Peachtree Industrial Blvd. in Atlanta, the property is 70 percent occupied. Amenities include a community center, a clubhouse and two pools.
TAMPA, FLA. — Crossman & Co. has renovated a 54,340-square-foot Publix at City Plaza in Tampa and will hold a grand opening for the property August 12. The Publix construction happened concurrently with the renovation of the 158,287-square-foot shopping center. The center, located at 16041 Tampa Palms Blvd. in Tampa, is part of the Tampa Palms master-planned development, which will include 8,400 residences, 59,000 square feet of office space and nearly 1 million square feet of retail upon full build-out.
CORNELIUS, N.C. — 8325 Copely Drive LLC of Santa Monica, Calif., has renovated the 42,000-square-foot Palace theater into a multiple-tenant, mixed-use facility. The space can house retail, restaurant, office and performing arts tenants. The property, which was built in 2000, is located near the interchange of NC Highway 73 and West Catawba Avenue in Cornelius.