LOUISVILLE, KY. — PRG Investments has arranged the $1.1 million sale of a Louisville apartment building between two private parties. The property is located at 1829 Edenside Drive in the Highlands neighborhood. PRG's Fred Sutterlin and Reed Weinberg represented the seller.
MIAMI — The 750,000-square-foot Met 2 Financial Center has received its temporary certificate of occupancy, and the first tenant will move into the 47-story, Class A tower next month. The property is located at 333 Avenue of the Americas in Miami and was developed by MDM Development Group and MetLife. Met 2 Financial Center was designed to LEED Gold specifications By Nichols Brosch Wurst Wolfe and Associates.
NORCROSS, GA. — A Tampa, Fla.-based lender has traded the 78,600-square-foot Plaza Azteca shopping center to Live Oak Plaza LLC for $3.2 million. The property is located at 1600 Live Oak Parkway in Norcross and is 45 percent occupied. Marcus & Millichap brokered the sale.
OCALA, FLA. — Four Florida Shopping Centers has sold the 110,000-square-foot Oakbrook Plaza to a private buyer for $2.77 million. The Ocala property is anchored by Winn Dixie and Family Dollar. Reichel Realty represented the seller in the transaction.
KNOXVILLE, TENN. — LGS Knox of Nashville has purchased the 129-room Quality Inn Knoxville from a private seller for an undisclosed price in an all-cash transaction. The property, located on Cedar Lane, will retain its Quality Inn brand but will undergo renovations. Amenities include an outdoor pool and a fitness center. Anthony Falor of Hodges Ward Elliott represented the seller.
ROCKVILLE, MD. — Archbishop Phillip Hannan has sold a 3,657-square-foot McDonald's to a Maryland-based developer for $2.34 million. Located at the intersection of Viers Mill Road and Atlantic Avenue in Rockville, the property was built on 1.01 acres of land in 1998. Kirk Knight, Peter Snell and Benjamin Marks of Marcus & Millichap brokered the sale.
NORTH PALM BEACH, FLA. — CJ-VJ Management has purchased .70 acres of land from 1295 U.S. Highway One LLC for $900,000 and plans to build an office property on the site. The land is located at 1295 U.S. Highway One in North Palm Beach. Sperry Van Ness' Robert Hamman represented the buyer. Nancy Maione of Illustrated Properties represented the seller.
FORT MYERS, FLA. — MAS Group has sold the 180-unit Bay Breeze Villas apartment complex to DeBartolo Development for $13.57 million. The property, located off Iona Road in Fort Myers, is a converted condominium project that was purchased for a discount to replacement cost. Bay Breeze spans 201,196 square feet and was built around a 9-acre lake. Jamie May and Matt Mitchell of Marcus & Millichap represented the seller.
ORLANDO, FLA. — Scott Bois of Wells Fargo has originated a $23 million CMBS loan for the 260,751-square-foot Citrus Center office building. The Class A property is located in downtown Orlando. Citrus Center features a private business club, a spa and a fitness center.
CORAL GABLES, FLA. — The 36-unit Villa Majorca luxury multifamily community, which is currently under construction in Coral Gables, has opened its leasing office in anticipation of a July completion date. Florida East Coast Realty is developing the property. Features include a rooftop garden with a Jacuzzi, a clubroom and a fitness room. Units are equipped with Energy Star appliances, private balconies and emergency communication systems.