THOMASTON, GA. — Diamond Alternative Energy has purchased a 41,000-square-foot manufacturing facility from a private buyer for an undisclosed amount. Located in the Thomaston-Upson County Industrial Park at 300 McIntosh Parkway in Thomaston, the property will be used as a bio-fuel manufacturing plant. James L. Jackson of Macon, Ga.-based Jackson & Jackson represented the seller.
ALTAMONTE SPRINGS, FLA. — Physicians Associates has purchased a 24,102-square-foot office from an undisclosed seller for $3.4 million. The property is located at 235 N. Westmonte Drive in Altamonte Springs. Jason Bantel of Realty Capital represented the buyer. The firm's Austin Caruso, Quentin Caruso and Brian Caruso represented the seller.
NAPLES, FLA. — CR South has purchased the 115,000-square-foot Marquesa Plaza from Marquesa Plaza LLC for $11 million. The shopping center is located at the intersection of Livingston and Pine Ridge roads in Naples. Marquesa is 50 percent leased to Starbucks Coffee, Anytime Fitness, Carvel Ice Cream and 16 additional tenants. CR South is a partnership between Continental Realty Corp. and Forman Capital.
ASHLAND, VA. —Daniel, Daniel & Daniel LP has sold a 58,684-square-foot flex property in Ashland to Purnell Furniture Services Inc. for $2.25 million. The property is located at 11223 and 11237 Leadbetter Road. Clifford Porter of Porter Realty Co. represented the seller. Grant Massie Land Co.'s Ned Massie represented the buyer.
LAKELAND, FLA. — A private partnership has sold the 32,000-square-foot Northside Plaza to an undisclosed buyer for $1.7 million. Located at 2435 US Highway 98 North, the property is nearly 100 percent occupied. Ron Shultz of Marcus & Millichap's Tampa, Fla., office represented the seller.
ST. PETERSBURG, FLA. — Francesco Carriera and Nicholas Meoli of Marcus & Millichap's Tampa, Fla., office have brokered the $1.37 million sale of The Ambassador apartment complex between two undisclosed parties. The 40-unit property is located at 440 50th Ave. North in St. Petersburg. Built in 1969, The Ambassador encompasses 11 one-bedroom units and 29 two-bedroom units.
HUNTSVILLE, ALA. — McShane Construction Co. has finished work on the 62,500-square-foot Defense Acquisition University at 7115 Old Madison Pike in Huntsville. Triad Properties Corp. developed the two-story, build-to-suit project for the General Services Administration. McShane built the property to Silver LEED standards on 10 acres in the Thornton Research Park. Green features include low-VOC materials, water-efficient landscaping and storm water control systems.
LACOMBE, LA. — Grubb& Ellis Healthcare REIT II has agreed to buy the 34,000-square-foot Lacombe Medical Office Building from a private party for an undisclosed price. The property is located at 64030 Highway 4343 in Lacombe. The building is fully leased to five tenants specializing in cardiac surgery.
ORLANDO, FLA. — Deutsche Bank Berkshire Mortgage has provided a $20 million Freddie Mac loan for the purchase of Venue Apartments in Orlando. The 306-unit complex is located at 3701 Grandewood Blvd. The 10-year loan comes with fixed-rate capital markets execution, one year of interest-only payments and a 30-year amortization.
ATHENS, GA. — Stephen Farnsworth of Walker & Dunlop has secured a loan worth $19.97 million to refinance the 304-unit Fairways at Jennings Mill apartment community. The Athens property, which is 98 percent occupied, features a 17-seat movie theater, a fitness center and a pool. The HUD loan carries a 40-year term and a 40-year amortization. ECI Capital served as the borrower's agent.