CARY, N.C. — Raleigh, N.C.-based Rex Healthcare has purchased a 20-acre parcel from Sun Life Financial and Charlotte, N.C.-based developer Lincoln Harris for the construction of a 150,000-square-foot medial office property. The site is located at the intersection of N.C. Highway 55 and McCrimmon Parkway in Cary. The multi-building development will be part of the Panther Creek mixed-use project and is expected to deliver by the summer of 2010.
ALPHARETTA, GA. — On the behalf of tenant-in-common investors, Grubb & Ellis Realty Investors has sold the four-building, 235,000-square-foot business park Great Oaks Center in Alpharetta to KBS Great Oaks LLC for an undisclosed amount. Built in 2000, the property is situated on 22 acres of land and features 516 on-site parking spaces. Cushman & Wakefield of Georgia’s Stewart Calhoun and David Meline represented the seller.
LONGWOOD, FLA. — Jeffrey Bloom and Suzanne Huskey Hedrick of Coldwell Banker Commercial NRT’s Maitland, Fla., office have brokered the sale of the Estate of E. Everette Huskey’s 9,500-square-foot office building to 100 Plus LLC for $1.6 million. The property is located at 1000 Wekiva Springs Rd. in Longwood.
RICHMOND, VA. — French Acquisition Co. recently purchased a 42,000-square-foot industrial property, located at 2910 West Clay St. in Richmond, from Jackan LC for $2.1 million. The site was purchased as an investment and will be redeveloped as a mixed-use property. John Myers of Thalhimer’s Richmond office handled the sale negotiations.
WASHINGTON, D.C. — Jim Kornick, Jerry Burg and Matt Clinebell of NorthMarq’s Washington office recently brokered the sale of the 8,780-square-foot Capitol Lounge building, which contains two floors of office space and a restaurant, for $5.87 million. Further details of the transaction for the building, located at 229 Pennsylvania Ave., were not released. Roy Hill of Marcus & Millichap represented the seller.
TAMPA — New York City-based Sentinel Real Estate Corp. recently sold the 540-unit St. Croix Apartments, located at 14535 Bruce B. Downs Blvd. in Tampa, to a joint venture of New York City-based Sterling American Property and The Collier Companies for $38.35 million. The complex, built in 1988, features two swimming pools and spas, three tennis courts, a car wash station and a fitness center. Sterling’s Jeff Smith handled his firm’s acquisition, and Sentinel was represented by James Bobbitt and John Selby of CB Richard Ellis’ Tampa office.
GARRISONVILLE AND RICHMOND, VA.; MILLERSVILLE, MD. — Bethesda, Md.-based Spectrum Partners and Finmarc Management recently acquired a portfolio of seven shopping centers from Regency Centers for $108.1 million. Four centers are located in Virginia and Maryland. The 78,494-square-foot Glen Lea Centre and the 64,992-sqaure-foot Laburnum Park Shopping Center are located in Richmond. The 97,872-square-foot Brafferton Center is in Garrisonville, and the 98,016-sqaure-foot Northway Shopping Center is in Millersville. The acquisition was part of a joint venture with New York City-based Angelo, Gordon & Co. and Bethesda-based Potomac Capital Advisors. Spectrum represented itself in the transaction. Transwestern, CB Richard Ellis, Kelly, Drye & Warren and Duval & Stachenfeld were also involved in the transaction.
ROSSLYN, VA. — New York City-based Monday Properties will develop a 580,000-square-foot, 35-story office tower in Rosslyn, with expected delivery in 2011. Located at 1812 N. Monroe St., the building will be constructed to Platinum LEED specifications. Monday purchased the site last year and demolished the existing property, an 11-story office building, in July.
CLEARWATER, FLA. — JRD Management has sold the 204,140-square-foot Royal Breeze Apartments, located at 21227 U.S. 19 North in Clearwater, to Hachem Investments for $11.77 million. Byron Moger, Luis Elorza and Patrick Kinnan of Cushman & Wakefield’s Tampa office brokered the transaction.
TAMPA — Cushman & Wakefield’s Tampa office has brokered Masonite Corp.’s sale of a 77,821-square-foot warehouse, located at 5110 W. Clifton St. in Tampa, to Roth Investment Partnership for $3.89 million. Cushman & Wakefield’s Rian Smith, Mike Davis, Jim Paladino and John Fish worked on the sale.