ATLANTA — Grubb & Ellis has promoted Brett Hunsaker to executive vice president and managing director in the firm's Atlanta office. Hunsaker, a past president of the Atlanta Commercial Board of Realtors, joined Grubb & Ellis in 2008 as executive vice president. With the promotion, he is now in charge of the company's Atlanta-area operations.
ST. PETERSBURG, FLA. — DDC Logistic Services has purchased a 131,800-square-foot warehouse from Hunter Douglas Fabrication for $7.15 million. The property is located at 3001 Gateway Centre Parkway in St. Petersburg. Vector Commercial Real Estate Services' Ned Willis represented the buyer. Paula Smith of Osprey Real Estate Services represented Hunter Douglas Fabrication.
HOOVER, ALA. — Walker & Dunlop has secured a $6.28 million loan for the 160-unit Alpine Village Apartments. The Hoover property is 93.1 percent leased and includes a pool, a fitness center and tennis courts. The 10-year loan carries a 1.25x debt-service coverage ratio and a 30-year amortization.
ATLANTA — Duke Realty Corp. has brokered three leases, backfilling nearly 48,000 square feet of recently vacated space at the company's Huntcrest III office property in Atlanta. Brightree LLL has leased 27,505 square feet, and Curriculum Advantage, represented by Piedmont Property Co.'s Bruce May, has leased 13,764 square feet. Tom Davenport and Tom Cooksey of Lavista Associates represented HealthCare Partners in its lease of 6,413 square feet. The vacant space was created when BioLab reduced its occupancy in Huntcrest III from 89,000 square feet to 27,450 square feet.
MIAMI BEACH, FLA. — SIKON Construction of Deerfield Beach, Fla., has broken ground on an 84,000-square-foot grocery project at 1800 West Ave. in Miami Beach. The property was designed by api(+) Architects. The property includes a 28,000-square-foot The Fresh Market store with a two-story parking deck on top. Delivery is expected during the fourth quarter.
TAMPA, FLA. — FL-4 Carlsbad has sold the 132-unit Valencia Village Apartments to an undisclosed LLC based in Corpus Christi, Texas, for $1.93 million. The property is located at 13408 Grand Prix Way in Tampa. Evan Kristol, Still Hunter, III, and Francesco Carriera of Marcus & Millichap represented both parties in the transaction.
PALM BAY, FLA. — Susan Morris and Kane Morris-Webster of Colliers Arnold's Orlando, Fla., office have brokered the $1.5 million sale of Osler Medical Pavilion between two undisclosed parties. The 17,790-square-foot property faces Palm Bay Road in Palm Bay.
SUNRISE, FLA. — GL Commercial has acquired seven outparcels at the Fountains of Miramar shopping center from a private party for an undisclosed price. The property is located at the intersection of Miramar Parkway and Dykes Road in Sunrise. Four of the outparcels are occupied by Chick-fil-A, JP Morgan Chase, Shell Station and Benihana. Further details of the transaction were not disclosed.
ORLANDO, FLA. — Shelton Granade and Luke Wickham of CB Richard Ellis' Orlando office represented a private seller in the sale of the 360-unit Waterways apartment complex to an undisclosed buyer. The sales price was not released. The Orlando property was built in 1988 and is currently 76 percent occupied.
COLUMBIA, S.C. — Midtown at Forest Acres, a 695,000-square-foot enclosed shopping mall located in Columbia, has been sold. The lender-owned mall traded for $4.42 million, or $6.37 per square foot. Occupancy at the center, which is situated at 3400 Forest Drive, is currently 48 percent. Anchors include Belk, Parisian, Dillard's, Barnes & Noble, Regal Cinemas and TGI Friday's. Bill Kohlhepp of the Fort Lauderdale, Fla., office of Marcus & Millichap and Bill Buford, Jr., of the firm's Clinton, S.C., office represented the seller, Richland Joint Venture Group LLC. Columbia-based R. Leon Jones Realty represented the undisclosed buyer.
