NAPLES, FLA. — HAG Holdings has sold a 5,605-square-foot Naples office building to Commonwealth Foundation for $1.85 million. The property is located at 2629 S. Horseshoe Dr. George Atkinson of CB Richard Ellis’ Fort Myers, Fla., office represented the seller, and Prudential Florida Realty’s Ed Boeder represented the buyer.
PORTSMOUTH, VA. — FT Associates Co. has sold the 12,461-square-foot Marketplace Square Shopping Center to Victoria Holding Co. for $1.1 million. The property, located at 5915 High St. West in Portsmouth, houses Subway, Albano Cleaners and Reactions Hair Design. Alex Divaris and Jason Oliver of Virginia Beach, Va.-based Divaris Real Estate represented the seller. Troy Parker of Thalhimer’s Norfolk, Va., office represented the buyer.
GREENVILLE, S.C. — A private investor has sold the 4,400-square-foot Affordable Dental medical office building to M&T Enterprises for $1.1 million. The property, located at 3903 Augusta Rd. in Greenville, is part of a three-state portfolio tenanted by Affordable Dental. David Sobelman of Tampa, Fla.-based Calkain Cos. represented the seller, and Peter Couchell of Greenville-based NAI Earle Furman represented the buyer.
BOCA RATON, FLA. — A private Canadian buyer has purchased the 360-unit Arbor Oaks at Boca Raton from an undisclosed institutional investor for $40 million. The property, which is 91 percent occupied, is located at 9817 Arbor Oaks Lane in Boca Raton. Amenities include a business center, a clubhouse and a heated swimming pool. Avery Klann, Hampton Beebe and Richard Donnellan of Apartment Realty Advisors’ Boca Raton office represented the seller.
PRATTVILLE, ALA. — The Montgomery, Ala.-based firms HomeCorp and Alfa Properties have broken ground on the first phase of the 439-unit The Park Apartment Homes. More than 250 apartments will be built as part of the first phase. The property is spread across 34 acres on Legends Drive in Prattville and sits in a planned 2 million-square-foot retail development. Complex amenities include a clubhouse, a fitness center and a pool. The Park is scheduled for delivery in August.
COLUMBIA, MD. — Chicago-based First Industrial Realty Trust has sold a 71,578-square-foot warehouse to Baltimore-based System Source for $7.12 million. System source has leased 42,745 square feet of space in the property, which is located at 332 Clubhouse Lane in Columbia, for the past 7 years. David Paulson of Manekin’s Columbia office represented System Source.
WHITE MARSH, MD. — Baltimore-based St. John Properties has broken ground on a 40,200-square-foot office building, the company’s tenth property at the 1,100-acre Baltimore Crossroads@95 mixed-use complex. The new building is located at 435 Williams Court in White Marsh. Delivery is expected later this year.
NORTH PALM BEACH, FLA. — Urban Realty Partners has acquired the 20,770-square-foot Enterprise National Bank Building from an undisclosed seller for $4 million. The building is located at 11811 U.S. Highway 1 in North Palm Beach and is occupied by Enterprise National Bank and a Melting Pot restaurant. Scott O’Donnell and Dominic Montazemi of CB Richard Ellis’ Boca Raton, Fla., office represented the seller.
ATLANTA — An affiliate of Greensboro, N.C.-based Bell Partners has sold the 82,097-square-foot Park Place retail center to Coro Realty Advisors for $28.5 million. The property is located across the street from Perimeter Mall at 4505 Ashford-Dunwoody Rd. in Atlanta. Tenants include Talbot’s, Jared Galleria of Jewelry, Alon’s Bakery and McKendrick’s Steakhouse. Chris Decoufle and Kevin Reavey of CB Richard Ellis’ Atlanta office and Casey Rosen of the firm’s Miami office brokered the transaction.
MIAMI — Orlando, Fla.-based Keene Construction Co. has broken ground on the 74,031-square-foot Eureka Promenade shopping center for Orlando-based Brandon Structures. The property, located at the intersection of S.W. 184th St. and S.W. 147th Ave. in Miami, will be anchored by a 46,031-square-foot Publix. The project, which was designed by Coral Gables, Fla.-based Alleguez Architecture, is set to deliver in December.