BOYNTON BEACH, FLA. — Orlando, Fla.-based Keene Construction Co. has started work on Ram Realty Services’ 13,272-square-foot Valencia Commons office building in Boynton Beach. The two-story property is located at the intersection of Boynton Beach Boulevard and Hagen Ranch Road. Miami Lakes, Fla.-based Design Tech International provided architectural services. Delivery is expected in January.
ATLANTA — GFI Capital Resources Group has purchased the 288-unit Clairmont apartment complex from an undisclosed party for $17 million. Located in Atlanta, the property spans 11 acres and is 94 percent occupied. Apartment amenities include two pools, a fitness center and a business center. The buyer plans to renovate the apartment’s exterior.
LAKE MARY, FLA. — Greenwood Properties has acquired a 58,910-square-foot industrial property from Roosevelt and Zsuzsa Rastegar for $3.41 million. The property is located at 650 Technology Park in Lake Mary. Robin Kesler of RE/MAX represented Greenwood Properties; David Murphy and Erik Schwetje of CB Richard Ellis’ Orlando, Fla., office represented the seller.
WINSTON-SALEM, N.C. — The Virginia-based developer Johnson Winston has sold a 7,000-square-foot retail building to California-based Margate Plaza for $3 million as part of a 1031 exchange. The building, spread across 1.07 acres in Winston-Salem, houses the tenants Verizon Wireless and Krispy Kreme. GP Real Estate’s Fred Galison represented the buyer, and Johnson Winston was represented by Mac McCall of Marcus & Millichap’s Atlanta office.
JACKSONVILLE BEACH, FLA. — Springfield, Mass.-based O’Reilly Auto Parts has purchased a former Pinch A Penny store from 370 S. Third St. LLC for $1.1 million. The property is located at 370 S. Third St. in Jacksonville Beach. Colin Nicholson of Jacksonville, Fla.-based Coldwell Banker Commercial Benchmark brokered the sale.
JACKSONVILLE, FLA. — Jacksonville JTB Hotel has received $5.8 million in financing for a 137-room Marriott Courtyard in Jacksonville. The 4-year loan comes with a 25-year amortization schedule. FirstAtlantic Bank provided the mortgage, and Joel Coykendall of NorthMarq Capital’s Jacksonville office arranged the loan.
HERNDON, VA. — Bethesda, Md.-based Host Hotels & Resorts has sold the 253-unit Washington Dulles Marriott Suites to an undisclosed buyer for an undisclosed price. Located at 13101 Worldgate Dr. in Herndon, the property features a conference center and event space. Molinaro Koger represented Host Hotels in the transaction.
JACKSONVILLE, FLA. — Hilton has opened a 221-unit hotel complex in downtown Jacksonville. Located at 1201 Kings Ave., the eight-story property consists of a Hilton Garden Inn and a Homewood Suites by Hilton. Amenities in the joint hotel include an oversized pool, a whirlpool and a fitness center, while the Hilton Garden Inn features 1,266 square feet of meeting space and wireless Internet access. The property is one of the first dual-brand Hilton hotels in the country.
CHARLOTTE, N.C. — Triad Warehouse Solutions has signed a lease with M. David Properties for 106,065 square feet of warehouse space in conjunction with a buyout of the property’s previous tenant. The space is located in the SilverLake IV building in Charlotte. Charlotte-based Piedmont Properties’ Lester Osborn and Scott Hensley represented Triad. Pete Pittroff and Brad Cherry of the local firm Keystone Partners represented the landlord, and Lane Holbert of Charlotte-based Colliers Pinkard represented Amsino International.
SALISBURY, MD. — Habitat for Humanity of Wicomico County has purchased a 10,000-square-foot office and warehouse property from an undisclosed seller for an undisclosed price. The building is spread across 0.68 acres at 908 Isabella St. in Salisbury. Bradley Gillis of Salisbury-based Sperry Van Ness – Miller Commercial Real Estate represented Habitat for Humanity, and the firm’s Brent Miller and Rick Tilghman represented the seller.