GEORGIA — Sea Island Co. has enlisted Cushman & Wakefield to sell three parcels of land totaling nearly 18,000 acres in Georgia. The firm will market a 7,820-acre parcel zoned for 800 acres of commercial space in Brunswick, Ga. Also for sale is more than 10,000 acres in Camden County, Ga., some of which is zoned for commercial and industrial uses. Finally, a 130-acre parcel on Georgia’s coast is looking for a buyer. Ron Willingham, Matt Hawkins and Pierce Owings of Cushman & Wakefield’s Atlanta office will partner with Savannah, Ga.-based Gilbert & Lattimore to sell the land.
HICKORY, N.C. — Ollie’s Bargain Outlet has opened a 40,000-square-foot store at Valley Crossing shopping center, marking the brand’s 80th location. The property is located at the intersection of Route 70/Route 321 ant 21st St. SE in Hickory. Ollie’s deals in closeout, surplus and salvage merchandise.
BRADENTON, FLA. — CB Richard Ellis has brokered the sale of the 226-unit Manatee Woods multifamily complex between two undisclosed parties for an undisclosed amount. Located in Bradenton, the 16-year-old property is 92 percent occupied. Shelton Granade, Luke Wickham, Jim Bobbitt and John Selby of CB Richard Ellis represented the seller.
TEMPLE HILLS, MD. — NorthMarq Capital has secured a $6.4 construction loan for a 1,000-unit Beech Road Self Storage store to be built in Temple Hills. A national bank financed the loan. Gary McGlynn and Jason Smith of NorthMarq Capital’s Washington, D.C., office arranged the loan.
ROCK HILL, S.C. — Alliance Plastics of Fort Mill, N.C., has leased 106,880 square feet of industrial space from Cleveland-based Weston Inc. Located in the 590,000-square-foot Weston Commerce Center at 2700 Commerce Dr. in Rock Hill, the property will house the firm’s production and warehousing operations. Legacy Real Estate Advisors represented the tenant. Piedmont Properties|CORFAC International’s A. Scott Hensley and Lester Osborn represented the landlord.
CUTLER BAY, FLA. — East Ridge Retirement Village Inc. is redeveloping 125,000 square feet of the 78-acre East Ridge Retirement Village. The property is located at 19301 SW 87th Ave. in Cutler Bay. The old space will be demolished and replaced by 334,000 square feet of high-tech independent and assisted-living facilities. The project is being designed to LEED standards.
MURFREESBORO, TENN. — On behalf of the retailer Vitamin Shoppe, Nashville, Tenn.-based Baker Storey McDonald Properties has purchased the note for an 8,800-square-foot retail property from a local bank. Located near the intersection of North Thompson Lane and Medical Center Parkway in Murfreesboro, the property was in danger of foreclosure. Baker Storey plans to invest a total of $2.5 million into the space, an amount that includes the purchase price and renovation costs. The tenant will open its doors in early 2011.
RICHMOND, VA. — The 46-unit Pine Court Apartments, located on the edge of the Virginia Commonwealth University campus in Richmond, has received a $3.57 million loan. The 10-year loan carries a 30-year amortization and a 5.79 percent interest rate. Walker & Dunlop secured the financing.
NORCROSS, GA. — The construction firm CHOATE has completed a 30,000-square-foot office building for Atlanta-based Corus360 at 130 Technology Parkway in Norcross. Designed by Baker Barrios and veenendaalcave, the property has been built to achieve LEED Gold certification. Green features include sensor lighting, water-efficient fixtures and a white roof built to absorb sunrays. The property will house Corus360’s operations and a LEED data center.
CANTON, GA. — Dominium Development and Acquisition has purchased the 212-uint Canterbury Ridge Apartments from a private party for an undisclosed price. Originally constructed in 1999, the affordable housing complex is located at 101 Canterbury Ridge Parkway in Canton.