LANTANA, FLA. — Palm Beach Club sold the 310-unit independent and assisted living community The Carlisle Palm Beach, located in Lantana, for $53 million to AEW Capital Management, who acquired the property on behalf of AEW Senior Housing Investors. Amenities include a cinema room and a card and billiard room. Ryan Maconachy and Chad Lavender of Atlanta-based ARA represented the seller. The buyer was not represented in the transaction.
GROVELAND, FLA. — Raney Construction and Raney Components have signed a 10-year, 90,000-square-foot lease at 19900 Independence Blvd. in Groveland. The landlord, Adams Building Materials Property Partnership, was represented by Sher Tolan of Orlando, Fla.-based Southern Commercial Real Estate Advisors. The tenant was not represented.
LEXINGTON, N. C. — The two-story, 120-unit Comfort Suites, located on Cotton Grove Road in Lexington, sold for an undisclosed price. Neither the seller or buyer were disclosed. Anthony Falor of Atlanta-based Hodges Ward Elliot's Select Service Division represented the seller in the all-cash transaction. The buyer was not represented.
MOORESVILLE, N.C. — A 10-year, $3.62 million acquisition loan was secured by Walker & Dunlop through their relationship with Fannie Mae for the 110-unit Country Club Apartments in Mooresville. Amenities include a pool, basketball court, playground, tennis courts and fitness facility. The complex is 94 percent leased. Ted Patch and Brendan Coleman lead the Walker & Dunlop team on behalf of the borrower, Blue Heron Capital.
FT. MYERS, FLA. — Coral Gulf IV has sold the 136-unit apartment complex Palm Vista, located in Ft. Myers, to RFH Advisors Palm Vista. The 12 building property features amenities such as a clubhouse, playground, pool and fitness center. Judy Dolan and Steve Hyatt of Fort Lauderdale, Fla.-based Berger Commercial Realty Corp. represented the seller. The buyer was self-represented.
ORLANDO, FLA. — The 200-unit Vista Verde, a luxury community in Orlando, has been sold. The property, which is currently 94 percent occupied, offers private garages, barrel tile roofs and amenities such as a resort-style swimming pool. Shelton Grande and Luke Wickham of CB Richard Ellis' Central Florida multi-housing group represented the undisclosed seller. The undisclosed buyer was not represented. The acquisition price was not released.
HOMEWOOD, ALA. — The 220-unit Wildforest apartment complex, located in Homewood, has sold for $18.3 million to a local investor group. The 17.8-acre complex is currently 98 percent occupied. Rock Apartment Advisors, a subsidiary of Harbert Realty Services, represented the seller, a private development group. The buyer was not represented.
MORRISVILLE, N.C. — An affiliate of Harbor Group International purchased the 200-unit Madison at Treybrooke Apartments from an affiliate of BPG Properties for $16.2 million. The property, which is currently 97 percent leased, will be renamed Treybooke at the Park Apartments. Amenities include pool, two tennis courts, fitness center, basketball court and more. Brandon Whitesell and Chris Spain of Cushman & Wakefield's Atlanta office were the brokers involved in the transaction.
CLEARWATER, FLA. — The 200,000-square-foot, Publix-anchored Northwood Plaza in Clearwater has sold for an undisclosed price. The property was 91 percent leased at the time of sale. Other tenants include Stein Mart, CVS/Pharmacy, Talbots, Anthoney's Coal Fired Pizza and Starbucks Coffee. Jim Michalak and Lenard Williams of Plaza Advisors' Tampa, Fla., office and Anthony Blanco of Plaza Advisors' Miami office represented the seller, Northwood Plaza LLC. Broker information was not provided for the buyer, AEW Capital Management.
LEXINGTON, KY. — LNR Property Corp. has sold the 332-unit Sonnet Cove Apartments, located at 495 Laketower Dr. in Lexington, to Lexington-based Schubert Realty & Investment Co. for $4.75 million. Mike Kemether and Brandon Whitesell of Cushman & Wakefield's Atlanta-based Multifamily Investment Sales, together with Craig Collins of Louisvile, Ky.-based Commercial Kentucky, represented LNR Property, which was acting as a special servicer. Commercial Kentucky is a Cushman & Wakefield Alliance partner. Schubert Realty was self-represented.
