BLUFFTON, S.C. — Colliers International has negotiated the sale of 51 condo units in the 118-unit BridgePoint condominium community located in Bluffton. Seth Clark of the firm's Charleston, S.C., office represented the undisclosed seller. The buyer was Atlanta-based Equity Resource Partners.
DUNWOODY, GA. — Coro Realty Advisors has refinanced the 132,681-square-foot Georgetown Shopping Center, located at 4478 Chamblee Dunwoody Rd. in Dunwoody. The $11 million loan will be used to refinance the existing indebtedness on the property and to fund various physical improvements, which will consist of expanding the center to 144,360 square feet, relocating several tenants and improving the parking lot aesthetics. Tenants of the shopping center include Kroger, Tuesday Morning and Workout Anytime.
RICHMOND, VA. — Cushman & Wakefield | Thalhimer has brokered the $1.9 million sale of a 63,729-square-foot warehouse and office property, located at 1601 Roseneath Rd. in Richmond. The property is currently 100 percent occupied by six tenants. Eric B. Robison and R. Scott Douglas of the firm's Richmond office represented the seller in the transaction.
BIRMINGHAM, ALA. — AREA Property Partners has negotiated the $68.5 million sale of the 514,893-square-foot Wells Fargo Tower in Birmingham. The firm's Value Enhancement Fund V sold the Class A property to an affiliate of Commonwealth REIT. Adam Spies, Michael McDonald and Kennedy Hicks of Eastdil Secured represented the buyer. The seller was self-represented by AREA.
MARINA DEL REY, FLA. — Archstone has acquired the 224-unit Villa Venetia in Marina del Rey for $44.8 million. The buyer plans to complete a $25 million renovation, which will include the addition of European-style kitchen cabinets, stainless steel appliances and slab granite or Caesar stone countertops. Upon completion, the complex will be renamed Archstone Breakwater at Marina del Rey.
HAVRE DE GRACE, MD. — Cassidy Turley has arranged the sale of a 613,000-square-foot industrial property, located at 1900 Clark Rd. in Havre De Grace, from a joint venture between MCB Real Estate and The Hampshire Cos. to Bentall Kennedy. The building is fully leased to The Sun Products Corp. Jonathan Carpenter, Jay Wellschlager and Philip Iglehart of the firm's Baltimore office represented both parties in the transaction.
LINCOLNTON, N.C. — Cushman & Wakefield | Thalhimer has arranged the $12 million sale of the 317,834-square-foot former Robb & Stucky facility, located in Lincoln County Industrial Park at 3300 Finger Mill Rd. in Lincolnton. Warren Snowdon of Cushman & Wakefield | Thalhimer represented Crystal Lake, Ill.-based Aptar Group, the buyer. The seller was AEW Capital Management.
JACKSONVILLE, FLA. — NorthMarq Capital has arranged $3.25 million in first mortgage financing for the 200-unit Sable Palms, located on Emerson Street in Jacksonville. Financing was based on a 10-year term with a 30-year amortization schedule and was secured through AmeriSphere Multifamily Finance.
MIAMI — Jones Lang LaSalle has completed the sale and financing of the 420,857-square-foot SunTrust International Center, an office building located at 1 SE 3rd Ave. in Miami. Terms of the sale and financing were undisclosed. Jeff Morris and Steve Echelson of Jones Lang LaSalle's Orlando, Fla., office and Jubeen Vaghefi and Denny St. Romain of the firm's Miami office represented the sellers, Stiles Corp. and an un-named partner. The buyer was Crocker Partners.
ABERDEEN, N.C. — Park at Clearwater LLC, a joint venture between First LandMark-Guardian Management and New York City-based Dome Equities, has purchased the 280-unit Park at Clearwater Apartments in Aberdeen for $25 million. Steve Heffner of CB Richard Ellis' Charlotte, N.C., office arranged $20 million in acquisition financing with a 7-year term through Freddie Mac for the joint venture. Dean Smith of ARA's Charlotte office represented the undisclosed seller in the transaction and Timothy Hose of First LandMark-Guardian Management represented the buyer.