ASHBURN, VA. — Seattle-based Sabey Data Center Properties has acquired a 38-acre land parcel within the 84-acre Ashburn Technology Park in Ashburn from Baltimore-based St. John Properties for $17 million. Sabey will begin construction in late summer on a three-building, 490,000-square-foot data center, which will be leased to a variety of tenants upon completion. John Ryan of CB Richard Ellis' McLean, Va., office and Kesh Tayal of Keller Willams' McLean office represented the buyer in the transaction.
Southeast
ROCK HILL, S.C. — Carter has negotiated the sale of a 132,929-square-foot shopping center, located on Dave Lyle Boulevard in Rock Hill. The property contains Kohl's and Hobby Lobby. Terms of the sale were undisclosed, but the asking price was $12.5 million. Drew Fleming and Mark Joines of the firm's Atlanta office represented the undisclosed seller in the transaction. Los Angeles-based The Royston Group represented the undisclosed buyer.
BOCA RATON, FLA. — ARA has arranged the sale of the 180-unit Boca Colony, located in the 2,000-acre Boca Del Mar PUD, a master planned community in Boca Raton, for an undisclosed price. Avery Klann, Hampton Beebe and Richard Donnellan of the firm's Boca Raton office represented Invesco Real Estate, the seller, in the transaction. The buyer was Bay Harbor Island, Fla.-based Atlantic | Pacific Cos.
HUNTERSVILLE, N.C. — Performance Team has signed a 185,570-square-foot lease for office space at 13201 Reese Blvd. in Huntersville. Terry Brennan of Trinity Partner's Charlotte, N.C., office represented the tenant in the transaction and Brad Cherry of Jones Lang LaSalle's Charlotte office and Rob Speir, formerly of Jones Lang LaSalle, represented Panattoni Development Co., the landlord.
The Atlanta retail market took a slight hit in the second quarter of 2011, but is still seeing improvement. Although available space in areas is starting to fill up, absorption in the second quarter of 2011 fell from positive absorption of 648,692 square feet in the first quarter to negative absorption of 726,174 square feet, according to CoStar Group’s Mid-Year 2011 Atlanta Retail Report. However, the vacancy rate only rose slightly, from 10.1 percent to 10.4 percent. Greg Eisenman, associate with Colliers International’s Atlanta office and a member of the Retail Services Group, says many tenants are looking to do deals. While speculative development is on hold, he expects the available amount of space to drop. Tony Cerniglia, vice president of retail services with CB Richard Ellis’ Atlanta office, says recovery has been spotty, although there are pocketed areas of the city that are doing well. Buckhead, Midtown and Cobb County have seen the most traffic, which Cerniglia says is not surprising because of the solid demographics and good locations. Some retailers have even been competing for space in these markets. Cobb County has seen some leasing traffic. In fact, according to Colliers International’s Atlanta Retail Market Report, the two …
RICHMOND, KY. — Developers Diversified Realty Group has sold the 134,701-square-foot Carriage Gate Shopping Center, located at 833-847 Eastern Bypass in Richmond, to The Rouse Cos. for an undisclosed amount. Hobby Lobby, Dunham's Sports, The Office Depot, Dollar Tree and Cato anchor the recently renovated center, which it currently 92.5 percent leased. Rebecca Wells of Cassidy Turley's Indianapolis office and Robert Taylor, Jr., of the firm's Cincinnati office represented the seller and Steve Pewitt of Commercial Real Estate Advisors represented the buyer.
BALTIMORE — Chase Brexton Health Services has purchased a 192,049-square-foot office building, located at 1111 N. Charles St. in Baltimore, from Ausa Properties for $6.7 million. Terri Harrington of Lutherville, Md.-based MacKenzie Commercial Real Estate Services represented the buyer in the transaction and David Downey of Cassidy Turley's Baltimore office represented the seller.
ROSWELL, GA. — The Shopping Center Group has arranged the $5.3 million sale of the 15,126-square-foot Mabry Village, located at the intersection of State Route 92 and Mabry Road in Roswell. The center is 100 percent leased to Starbucks Coffee, FedEx Office, Five Guys Burgers and Fries, Wireless Zone and Prudential Georgia Realty. Daniel Earles of The Shopping Center Group's Tampa, Fla., office represented the seller, an Atlanta-based development company, and Greg Craft of Atlanta-based The Trilogy Group represented the buyer, a Colorado-based private investor.
ORLANDO, FLA. — Orlando-based Smith Equities Real Estate Investment Advisors has negotiated the all-cash acquisition of the approximately 100,000-square-foot University Shoppes, located at University Boulevard and Alafaya Trail in Orlando, adjacent to the University of Central Florida. Craig Bayhi of CMB Realty represented the seller, M&H University Shoppes, and Paul Guyet of Smith Equities represented the undisclosed buyer.
ATLANTA — RHP Partners, a joint venture between Frank Buonanotte and Jeff Stein, has acquired 7,600 square feet of the 9,000-square-foot retail property located at the intersection of Roswell, Piedmont and Habersham roads in Atlanta from Eli Property. The center will undergo renovations, after which it will be rebranded Buckhead Pointe. Construction is slated to begin September 1 with completion slated for November. The Shopping Center Group has been secured as the leasing agent.