MARIETTA, GA. — Centro Properties Group has sold the 130,013-square-foot Merchant’s Exchange shopping center to Columbia Properties for $17 million. The property was completed in 1986 and renovated in 1997 and spans 11.2 acres at 4400 Roswell Rd. in Marietta. Tenants in the center, which is 98.9 percent leased, include LA Fitness, The Picture Show Movie Theatre and Hancock Fabrics. Whitney Knoll and Richard Reid of Holliday Fenoglio Fowler represented the seller.
OCALA, FLA. — MEC Holdings has purchased a 495-acre industrial land parcel from Ocala 489 for $8.1 million. The unimproved land is located at the interchange of Interstate 75 and U.S. Highway 27 in Ocala. David Murphy and Kevin Hoover of CB Richard Ellis’ Orlando, Fla., office represented the seller.
NEW ORLEANS — Orient-Express Hotels has sold the 322-room Windsor Court Hotel in New Orleans to a partnership between New Orleans-based The Berger Companies and Dallas-based Crow Holdings for an undisclosed amount. The 23-story hotel features more than 11,000 square feet of meeting space, a fitness center, an art collection and a pool. Ron Danko and Bradley Burwell of CB Richard Ellis’ New York City office represented Orient Express in the transaction.
PLANT CITY, FLA. — Buckley Properties has sold the 18,849-square-foot City Crossings shopping center to Ovation Properties for $4.85 million. The property, which is 95 percent occupied including pending leases, is located at 2909 James L. Redman Parkway in Plant City. Mike Milano of Colliers Arnold’s Clearwater, Fla., office and Cynthia Shelton of the firm’s Orlando, Fla., office represented the seller. Coldwell Banker Commercial NRT’s Harry Champ represented the buyer.
MIAMI BEACH, FLA. — Coconut Grove, Fla.-based Berkowitz Development Group has finished its 180,000-square-foot Fifth and Alton shopping center, which is attached to a 1,080-space parking garage built on a brownfield site.0 Located in Miami Beach, the property is 93 percent occupied. Tenants housed in Fifth and Alton include Publix, Best Buy, TJ Maxx, Ross Dress for Less, Staples, Petco and Vitamin Shoppe.
MIRAMAR, FLA. — Luckey’s Management has completed a 122-room Hampton Inn & Suites at the Miramar Park of Commerce in Miramar. Hotel amenities include 1,500 square feet of meeting space, an outdoor pool, a fitness center and a business center. The five-story property is located at 10990 Marks Way.
PASADENA, MD. — Baltimore-based St. John Properties has completed a $3 million renovation of the 161,000-square-foot Lakeshore Plaza shopping center. The property, which was constructed in the 1980s, is located near the intersection of Maryland Route 100 and Magothy Beach Road in Pasadena. KANN Partners designed the project, which includes a 7,000-square-foot addition. Additionally, Dollar General has signed on to move into 9,000 square feet of space at the shopping center in February.
LEXINGTON, KY. — American Home Design has purchased a 39,000-square-foot warehouse and showroom from Shareco Investors for $2.22 million. The property is located on 2.3 acres at 163 Old Todds Rd. in Lexington. Lykins Realty’s Jerod Hagen represented the buyer. Paul Ray Smith and Bruce Issac of NAI Issac Commercial Properties represented the seller.
TUSCALOOSA, ALA. — The Dinerstein Cos. has secured a $27.12 million construction loan for the 316-unit Sterling Crimson Apartments in Tuscaloosa. The student housing property, which is slated to deliver in August 2011, is located at the intersection of 10th Ave. and 14th St. near the University of Alabama campus. Property amenities include an internet café, a tanning salon, a fitness center and a pool. Cameron Cureton of Holliday Fenoglio Fowler’s Houston office secured the loan.
HAMPTON, VA. — Valeo has leased 56,129 square feet of warehouse space from an undisclosed landlord in Hampton. The property is located at 301 W. Park Lane. Valeo, an automotive supplier, will use the space to distribute clutch kits and windshield wipers. Norfolk, Va.-based S.L. Nusbaum Realty Co.’s Stephanie Sanker and Richmond, Va.-based Thalhimer’s Clay Culbreth represented the tenant.
