CLEVELAND, TENN. — Baton Rouge, La.-based MD Ruston Properties, on behalf of a special servicer, has acquired Bradley Square Mall in Cleveland. The 406,845-square-foot regional shopping center is anchored by Belk, JCPenney, Sears and Kmart. Kris Cooper and Margaret Caldwell of Jones Lang LaSalle's Atlanta office represented the seller in the transaction. The seller and acquisition price were not released.
WINTER HAVEN, FLA. — Michael Regan, Francesco Carriera and Nicholas Meoli of Marcus & Millichap's Tampa, Fla., office have brokered the sale of The Landings and Brandywyne, a two-property multifamily portfolio in Winter Haven. A Florida-based investor acquired the 141-unit portfolio sold for $3 million or approximately $21,000 per unit. The seller was a Pennsylvania-based developer.
MCCOMB, MISS. — Mississippi-based McComb Lodging LLC has acquired the Comfort Inn in McComb in an all-cash transaction. Located along Interstate 55, the hotel offers 55 guestrooms, high-speed Internet access, premium cable television, an outdoor pool and a fitness center. Hodges Ward Elliott's Select Service Division represented the undisclosed seller in the transaction. The sales price was not released.
JACKSONVILLE, FLA. — Mercedes-Benz USA has opened its 415,000-square-foot regional headquarters facility in Jacksonville. Located on International Parkway, the facility houses the sales operations Southern region office, a parts distribution center, a quality evaluation center and a learning and performance center. the project was designed by Orlando-based Cuhaci & Peterson Architects with MFC Customized Solutions providing industrial design services and Elkins Constructors serving as general contractor.
FORT MYERS, FLA. — Hope Hospice & Community Services has acquired a 46.3-acre land parcel, located at the northwest corner of Six Mile Cypress Parkway and Metro Parkway in Fort Myers. The buyer plans to development a high-quality care facility on the site, which was acquired for $7.56 million. Michael Doyle of LandQwest Commercial represented Hope Hospice in the transaction. The seller was not released.
FORT LAUDERDALE AND HOLLYWOOD, FLA. — Judy Dolan and Steve Hyatt of Berger Commercial Realty Corp. represented the sellers in three separate multifamily transactions in south Florida. In the first transaction, Doran Florida sold three apartment buildings to Glenshee Omega Carleton for $1.6 million. The properties, totaling 32 units, are located at 75 S.W. 10th St., 100 S.W. 10th St. and 100 S.W. 9th St. in Fort Lauderdale. In the second transaction, ECP Properties sold an 18-unit apartment building to DIV USA for $965,000. The 13,202-square-foot property is located at 1607 Arthur St. in Hollywood. Finally, SBC 2010-1 sold a 13-unit apartment building, which is located at 6031 Polk St. in Hollywood, to 6031 Polk Street LLC for $352,000.
LORTON, VA. — Jerry Burg and Andrew Fallon of Calkain Realty Advisors have brokered the investment sale of a triple-net leased property in Lorton. Located within Lorton Station Town Center, the 3,695-square-foot office condominium is leased to defense contractor EOIR Technologies on a long-term, triple-net basis. A private investor acquired the property for $1.15 million. The seller was not released.
SOUTHERN PINES, N.C. — Norfolk, Va.-based Suburban Asset Management, a private investment company, has acquired Southern Pines Marketplace for an undisclosed price. Situated in the Pinehurst community, the property is 98-percent occupied by tenants, including Stein Mart, Olive Garden, Dickie's BBQ and Golf Augusta. Mike Burkard, Chris Decouflé and Steve Shields of CB Richard Ellis arranged the transaction. The seller was not disclosed.
DAPHNE, ALA. — Coral Gables, Fla.-based American Real Estate Capital has closed on a $15.6 million loan for the acquisition of Jubilee Square in Daphne. The 340,000-square-foot is 90-percent leased by tenants, including Stein Mart, Rave Motion Pictures, TJ Maxx and Hobby Lobby. The property is managed by Blackwater Management. Additional terms of the financing were not released.
TALLAHASSEE, FLA. — Stragetic Capital Partners, through its Stragetic Capital Partners Real Estate Opportunity Fund I, has acquired University Courtyard in Tallahassee. The 96-unit, 384-bed student-housing complex was acquired through a partnership sponsored by Atlanta-based Global Asset Alternatives. The partnership invested approximately $2.1 million of equity and received 10-year Freddie Mac financing originated by Walker & Dunlop. The property was 100 percent occupied at the time of acquisition. Terms of the transaction were not released.