MARGATE, FLA. — A local family trust recently sold a 25,524-square-foot office/retail building, located at 2515 N. State Rd. 7 in Margate, to BJ&S Properties for $2.2 million. Adam Von Romer of Investment Real Estate Associates’ Miami office represented the seller.
Southeast
CHARLOTTE, N.C. — Lester Osborn and A. Scott Hensley of Charlotte-based Piedmont Properties/CORFAC International have represented Tekmatex in the sale of a 3.7-acre, 42,000-square-foot office/warehouse property, located at 3601 Performance Rd. in Charlotte, to Atlanta-based McKenney’s for $1.4 million. The buyer is planning extensive renovations to the property, which encompasses 13,000 square feet of office space and a 27,000-square-foot warehouse.
GOOSE CREEK, S.C. — Old City Hall, LLC’s 10,000-square-foot Advance Auto, located at 125 Saint James Ave. in Goose Creek, has sold to AGCE and AGCB for $2.8 million. Ken Butler of Columbia, S.C.-based NAI Avant brokered the 1.9-acre sale.
SHEPHERDSVILLE, KY. — The retail distributor Alliance Entertainment has leased the 404,000-square-foot Cedar Grove Business Park, a $30 million facility located in Shepherdsville, from Crossdock Development for an undisclosed amount. David Davis of Commonwealth Commercial Real Estate represented Crossdock, and David Abell of Dallas-based Mohr Partners and Kevin Grove of CB Richard Ellis’ Louisville office worked on Alliance’s behalf.
POMPANO BEACH, FLA. — Chicago-based RMS Properties has purchased the 3.6 acre, 57,000-square-foot Beachway Shopping Center, located at 800 N. Federal Hwy. in Pompano Beach, from Beachway Shopping Center 613 for $6.3 million. The property is 74 percent occupied with tenants including Abbott Appliances and Turtle Point Trading Co. Keith Kidwell and R. Lee Brushingham, both of Sperry Van Ness’ Fort Lauderdale, Fla., office, represented the buyer and the seller, respectively.
ORLANDO, FLA. — RobinsonBush recently acquired suite 102, 4,996 square feet of office/retail space, in the 801 North Orange building, located in downtown Orlando, from Carmen Dominguez, LLC, for $1.2 million. RobinsonBush will lease 1,996 square feet to Dolce Vita Salon and occupy 3,000 square feet of the 96,000-square-foot building, which houses tenants including Daily Grind Coffee and Citrus Restaurant on the ground floor. CitiSpace Orlando’s Patricia Sullivan represented the buyer, and Vince Arch and Laurie Hamilton, also with CitiSpace Orlando, represented the seller.
RICHMOND, VA. — Thompson Davis Asset Management has purchased the 8,000-square-foot Barrett House, an office building located at 15 S. 5th St. and 508 E. Cary St. in Richmond, from Ashvin, LLC, for $1.1 million. I. Rowland Williams, III, and Millard Jones, II, of Thalhimer’s Richmond office brokered the sale.
WELLINGTON, FLA. — Palm Beach Gardens, Fla.-based Rendina Companies’ development of a four-story, 50,000-square-foot medical office building on the campus of Wellington Regional Medical Center in Wellington will begin in September. The building is currently more than 50 percent committed and is expected to deliver in the third quarter of 2009.
FREDERICKSBURG, VA. — Thalhimer brokered the sale of four industrial properties totaling 8,000 square feet from Aquia Partnership to English Family Trust for $860,000. Virgil Nelson, Mary Katherine Greenlaw and Wilson Greenlaw of Thalhimer’s Fredericksburg office handled sale of the property, located in Airport Center at 3509 Shannon Park Dr. in Fredericksburg.
GREENVILLE, S.C. — Denver-based Simpson Housing has sold the 662,000-square-foot Plantations at Haywood, located 2 miles east of Greenville’s business district, to tenant-in-common investors for an undisclosed amount. The 38-acre, 40-building complex is 96 percent occupied and features multiple tennis courts and pools. Dean Smith of Apartment Realty Advisors’ Charlotte, N.C., office represented the sellers, and the buyers were represented by Grubb & Ellis Realty Investors.