TAMPA, FLA. — Michael Jaworski of Marcus & Millichap’s Tampa office has brokered the sale of the Palms Center office building between two private parties for $2.7 million. The 25,088-square-foot office building is located at 15043 Bruce B. Downs Boulevard in Tampa.
STONE MOUNTAIN, GA., AND GREENSBORO, N.C. — It’s Fashion Metro will open an 11,500-square-foot branch in Stone Mountain in February. The store will be located in the Memorial Bend Shopping Center, which houses Publix, Foot Locker and Dollar Tree. The Shopping Center Group’s Brett Fuller represented the undisclosed landlord in negotiations. CB Richard Ellis’ Miranda Walker represented It’s Fashion. The Shopping Center Group’s Drew Logan has represented Intrex Computers in its relocation to Northwest Centre in Greensboro. The store will open in March. The property, located on Battleground Avenue, is 100 percent leased and houses Ross Dress For Less and T.
ARLINGTON, VA. — A partnership between Cornerstone Real Estate Advisers and Kettler has sold the 326-unit Metropolitan at Pentagon Row multifamily complex to Equity Residential for nearly $100 million. The property, located at 1401 S. Joyce St. in Arlington, is currently 95 percent occupied. Apartment amenities include a rooftop lounge equipped with a kitchen, a rooftop swimming pool, a cyber cafe, a business center and a fitness center. Dave Nachison and Alan Davis of Holliday Fenoglio Fowler’s Washington, D.C., office represented the seller.
KISSIMMEE, FLA. — Supertel Hospitality has sold the 187-room Masters Inn East of Kissimmee to Royal Hotel Group Florida for an undisclosed amount. The property is located 2 miles from Walt Disney World. The buyer, a family investment group, plans to undertake exterior renovations to the property. Mumford Co. represented Supertel in the transaction.
FORT LAUDERDALE, FLA. — AT&T has signed a 110,477-square-foot lease renewal with New Boston Fund for space in the 413,390-square-foot AtlanTech Tower. AT&T currently occupies 25 percent of the Fort Lauderdale property, which also houses CompHealth Group, the corporate offices of Whole Foods Market and Alere. Rick Widerman of Jones Lang LaSalle’s Philadelphia office represented the tenant; Alice Lucia and Sandra Anderson of the firm’s Fort Lauderdale office represented the landlord.
TAMPA, FLA. — Tampa-based Monroe & Giordano has secured a $6.8 million loan for the 155,837-square-foot Westport Storage and Office/Warehouse. The 351-unit property, located on Williamson Boulevard in Tampa, was built in phases from 2000 to 2004. A national lending source provided financing for the permanent loan.
GEORGIA — Sea Island Co. has enlisted Cushman & Wakefield to sell three parcels of land totaling nearly 18,000 acres in Georgia. The firm will market a 7,820-acre parcel zoned for 800 acres of commercial space in Brunswick, Ga. Also for sale is more than 10,000 acres in Camden County, Ga., some of which is zoned for commercial and industrial uses. Finally, a 130-acre parcel on Georgia’s coast is looking for a buyer. Ron Willingham, Matt Hawkins and Pierce Owings of Cushman & Wakefield’s Atlanta office will partner with Savannah, Ga.-based Gilbert & Lattimore to sell the land.
HICKORY, N.C. — Ollie’s Bargain Outlet has opened a 40,000-square-foot store at Valley Crossing shopping center, marking the brand’s 80th location. The property is located at the intersection of Route 70/Route 321 ant 21st St. SE in Hickory. Ollie’s deals in closeout, surplus and salvage merchandise.
BRADENTON, FLA. — CB Richard Ellis has brokered the sale of the 226-unit Manatee Woods multifamily complex between two undisclosed parties for an undisclosed amount. Located in Bradenton, the 16-year-old property is 92 percent occupied. Shelton Granade, Luke Wickham, Jim Bobbitt and John Selby of CB Richard Ellis represented the seller.
TEMPLE HILLS, MD. — NorthMarq Capital has secured a $6.4 construction loan for a 1,000-unit Beech Road Self Storage store to be built in Temple Hills. A national bank financed the loan. Gary McGlynn and Jason Smith of NorthMarq Capital’s Washington, D.C., office arranged the loan.