ORANGE PARK, FLA. — BG Village has sold the 135,453-square-foot Village Shopping Center to Noble Management Co. for an undisclosed amount. The Orange Park property is anchored by Bealls Outlet and Publix. It is currently 98 percent leased by Dollar Tree, Subway, Papa Johns Pizza, GNC, The UPS Store, Allstate, Fantastic Sams and Sally Beauty Supply. Jim Michalak, Anthony Blanco and Lenard Williams of Plaza Advisors brokered the transaction.
LOUDON, TENN. — Highlands Industrial Realty has signed Kellogg’s to a 104,000-square-foot lease in Loudon. The company will occupy the entire Highlands Building in the Highlands Business Park, which is located at 3700 Elizabeth Lee Parkway. Bob Thornton of Knoxville-based Baker Realty represented Kellogg’s in the transaction.
ATLANTA — Firethorn Holdings has signed a 50,000-square-foot lease with Cousins Properties for space in the 564,850-square-foot Terminus 200, the second phase of the 10-acre Terminus office development in Atlanta’s Buckhead neighborhood. The property is located at the intersection of Piedmont and Peachtree streets and is being developed by Cousins Properties and Prudential Real Estate Investors. Firethorn is the first tenant that has signed a lease in the building. Terminus 100 is fully leased.
BRADENTON, FLA. — Fort Myers, Fla.-based J.L. Wallace has completed Lennar Homes’ 39,750-square-foot clubhouse at the River Strand Golf and Country Club. The property is located on Grand Estuary Trail in Bradenton. The clubhouse features a restaurant and bar, lounge, snack bar, kitchen, golf and tennis pro shops, locker room and a fitness center. A swimming pool, resistance pool and spa occupy more than 4,000 square feet. Fort Myers-based Titsch & Associates designed the development.
DOUGLASVILLE AND RIVERDALE, GA. — Mac McCall of Marcus & Millichap’s Atlanta office has represented an Atlanta-based developer in the sale of two Advance Auto Parts stores for a total of $3.98 million. An Advanced Auto Parts store in Douglasville was sold to an out-of-state private investor in a 1031 exchange for $2.01 million. The property is located at 8350 Duncan St. Bank of the West financed the purchase. John Glassmoyer of CB Richard Ellis’ Phoenix office represented the buyer. An Advanced Auto Parts store at 6905 Highway 85 in Riverdale also was sold by the preferred developer to an out-of-state private investor for $1.97 million. The purchase, part of a 1031 exchange, was financed by the Tennessee Valley Credit Union. Oliver Smith of Knoxville-based Oliver Smith Realty represented the buyer.
HOPKINSVILLE, KY. — A Cleveland-based party has sold an 11,157-square-foot Rite Aid to a private buyer from Miami for $3.67 million. The store is located on Fort Campbell Boulevard in Hopkinsville and is triple-net leased until 2027. Dan Cooper and Bob Havasi of Cleveland-based The Cooper Group represented the seller.
OCEAN PINES, MD. — Investors from Rehoboth Beach, Del., have purchase six bank-owned retail units totaling 9,322 square feet for $850,000. The contiguous units are located in the Village Square Shopping Center in Ocean Pines. The buyers plan to sell the units, which range in size from 1,190 square feet to 8,000 square feet, for $13.50 per square foot. Brent Miller and Rick Tilghman of Salisbury, Md.-based Sperry Van Ness-Miller Commercial Real Estate brokered the transaction.
ELKRIDGE, MD. — National Floors Direct has leased 40,250 square feet of warehouse space from ProLogis at ProLogis Park I-95 Distribution Center #3. The 67,620-square-foot property is located at 7111 Troy Hill Dr. in Elkridge. National Floors Direct will house its warehousing and distribution operations in the building. Matthew Laraway and Ned Brady of Cushman & Wakefield’s Baltimore office handled the lease.
ROANOKE, VA. — The Sheraton Roanoke Hotel & Conference Center has reopened after an $18 million renovation. Additions to the 320-unit hotel include the Pi Kitchen – a global fusion eatery – and a lobby lounge concept called Link@Sheraton. The hotel also features 17,000 square feet of banquet and conference space, indoor and outdoor pools and a fitness room.
LAKELAND, FLA. — Odyssey (IX) Commercial DP IV has purchased the 132,000-square-foot Palm Center shopping center from Lakepalm Shopping Center for an undisclosed amount. The property, which is anchored by Beall’s Department Store, Beall’s Outlet and Tuesday Morning, is located at the intersection of Highlands Drive and S. Florida Avenue. RMC Property Group represented the seller, and Century Retail represented the buyer.
