VOLUSIA COUNTY, FLA. — Carter-Maytown Road Land Trust has sold a 3,321-acre parcel of land to St. Johns River Water Management District for $20.06 million. The land is located on SR 415 in Volusia County. Development plans have not been announced. Daryl Carter of Maury L. Carter & Associates represented the seller.
Southeast
RICHMOND, VA. — Cedar Broad Associates has purchased 2.18 acres of land from BAT Properties in order to build a 204-unit multifamily development. The acreage, which is located at the intersection of 18th and East Broad streets in Richmond, sold for $3.2 million. Jeffrey Cooke of Thalhimer brokered the sale.
MACON, GA. — HD Supply Plumbing f/k/a Hughes Plumbing & Supply LTD has sold its plumbing materials warehouse to Macon Area Habitat for Humanity for an undisclosed amount. The 53,686-square-foot property is located on 4.5 acres at 690 Holt Ave. in Macon. Art Barry of Coldwell Banker Commercial Eberhardt & Barry in Macon and Rick Vaughn of the Atlanta office of Colliers Spectrum represented the seller.
PORT WENTWORTH, GA. — SMS Hotels has sold the 61-room Country Inn and Suites Savannah to Hayley Sheth Investments for an undisclosed amount. Located on Interstate 95 in Port Wentworth, the property is situated near the Savannah-Hilton Head International Airport. Mumford Co. represented the seller.
NORTH CAROLINA — NorthStar Realty Finance Corp. has sold 18 senior housing facilities to a N.C.-based private investment group for $95 million. The properties are all located in North Carolina. NorthStar will receive approximately $36 million in cash and $56 million in mortgage debt and accrued interest. The price tag is an $11 million premium to NorthStar's undepreciated cost basis.
CHESAPEAKE, VA. — Kings Pointe Associates has purchased 39.16 acres of land from James & Venice King LLC for the construction of two luxury condominium developments. The land is located on Gum Road in Chesapeake. Kings Pointe South will house units totaling 1,300 square feet and larger, and Kings Pointe North will start its unit size at 1,700 square feet. S.L. Nusbaum Realty Co. brokered the sale.
HERNDON, VA. — General Electric Credit Equities has sold the 193,000-square-foot Monument III office building to MRP Realty and Angelo, Gordon & Co. for an undisclosed price. The seven-story, Class A property is located at 12930 Worldgate Drive in Herndon. Completed in 2007, the building is 94 percent leased to ITT, DRS Technical Services, Turner Construction and IHP Capital Partners, among others. The buyer was represented by Washington, D.C.-based Cassidy & Pinkard Colliers.
NAPLES, FLA. — Carlisle/Wilson Plaza LLC has purchased the 36,000-square-foot Wilson Plaza shopping center from Gulfstream Retail Investments for $6.5 million. The property is located at 50 Wilson Blvd. in Naples. Larry Foster and Bill Young of CB Richard Ellis' Naples office brokered the transaction.
VIRGINIA BEACH, VA. — Restaurant Depot has purchased an 89,000-square-foot building formerly occupied by Value City Department Store for $6 million. The property, which is located at 5112 Virginia Beach Blvd. in Virginia Beach, will serve as a new Restaurant Depot location when the tenant moves in during the third quarter of next year. The company will invest $3 million in the property and hire 38 employees. Restaurant Depot will open five additional stores throughout the country next year.
COLUMBIA, S.C. — RCG-Northway has sold the 79,413-square-foot North Columbia Square shopping center to CRP II North Columbia Square for $4.6 million. Located at 5110 Fairfield Road in Columbia, the Food Lion-anchored property is 95 percent occupied. Additional center tenants include Rent-A-Center, Family Dollar, Rainbow Fashions and Shoe Time. Tim Giambrone of Marcus & Millichap's Atlanta office represented the seller.