CARY, N.C. — Boca Raton, Fla.-based Altman Cos. has sold the 360-unit Preston's Reserve apartment complex to Atlanta-based Centennial Holding Co. for $34 million. The Cary property is situated in a growth corridor between downtown Raleigh, N.C., and the Research Triangle Park. Phil Brosseau of CB Richard Ellis' Charlotte, N.C., office and Robert Given of the firm's Miami office represented the seller in the transaction.
EAST POINT, GA. — Healthcare Trust of America has purchased an 80,562-square-foot medical office portfolio from Tenent Healthcare Corp. for $19.55 million. The properties, located on the Camp Creek Medical Center campus in East Point, were developed by Ackerman & Co. The portfolio is currently 94 percent leased. Healthcare Trust of America now owns more than 500,000 square feet of medical space in Georgia.
BATON ROUGE, LA. — Campus Apartments is working toward a fall completion of the 30,000-square-foot College Row at Northgate retail center near the Louisiana State University campus in Baton Rouge. The project, which is currently 70 percent pre-leased, is located at the intersection of Highland Road and State Street. Tenants include CVS/pharmacy, PJ's Coffee, Menchie's Frozen Yogurt, Shanghai Tokyo Restaurant and Pita Pit.
FLORIDA — Charleston, S.C.-based Twin Rivers Capital has sold a portfolio of five Family Dollar stores to a private buyer for $8.6 million. The stores are located throughout Northeast Florida. Twin Rivers Capital is the preferred developer of Family Dollar locations.
STERLING, VA. — Neustar has signed a 10-year lease with Bavar Properties Group to occupy its 92,000-square-foot Ridgetop III at Loudoun Tech Center building. The $18 million office property is located at 21575 Ridgetop Circle in Sterling. The tenant currently leases 45,000 square feet at the nearby Ridgetop I building and will move into the new Class A space by the end of the year. Jones Lang LaSalle's Robb Johnson represented Neustar in the lease. Neil Alt of Lincoln Property Co. represented the landlord.
LITHIA SPRINGS, GA. — Global Experience Specialists has renewed a 199,505-square-foot least at IDI's Westfork Business Park in Lithia Springs. Gordon Benedict of Cushman & Wakefield represented GES in the transaction. Bob Tardy served as in-house represention for IDI. Also at Westfork Business Park, Bunzl Distribution Southeast LLC has signed a 228,576-square-foot lease, which includes a 76,192-square-foot expansion. Mark Sonnenberg of Colliers Turley Martin Tucker and Mike Spears of Colliers Spectrum Cauble represented Bunzl in the lease transaction. Bob Tardy represented IDI.
BOCA RATON, FLA. — An area real estate firm has sold the 248-unit Eden Condominiums to a joint venture of Priderock Capital Partners and an investment firm managed by URDANG, a subsidiary of BNY Mellon Asset Management. Terms of the transaction were not disclosed. Construction on the Boca Raton property, which features an 18,000-square-foot clubhouse and a pool, started in 2002 and is still unfinished. The buyers plan to complete construction by the end of 2010, converting the condominiums to apartments and renaming the property The Heritage at Boca Raton.
THE VILLAGES, FLA. — Edwards Construction Services has finished the Seabreeze Regional Recreation Center in The Villages. The property includes a 34,826-square-foot recreation building and a 2,816-square-foot pool building. Sports courts and picnic pavilions are also included on the grounds. A grand opening is scheduled for March 11.
RICHMOND, VA. — Virginia Credit Union has purchased a 6,816-square-foot building from BRC Richmond for $1.45 million. Located at 9498 W. Broad St. in Richmond, the property, a former Hams Restaurant building, sits on 1.34 acres. Thalhimer's Bruce Bigger brokered the sale.
GOOSE CREEK, S.C. — East Shore Athletic Club has leased 43,200 square feet from Spring Hill Associates for space in the Shannon Park Shopping Center. The property is located at 214 St. James Ave. in Goose Creek. Erin England and Billy Ellison of Colliers Keenan in Charleston, S.C., represented the landlord in the lease.