MANGONIA PARK, FLA. — West Palm Beach, Fla.-based boat manufacturer Jeffrey Lichterman recently purchased more than 50,960 square feet of industrial space from Boca Raton, Fla.-based AR&M Management for $2.8 million. The property, located at 5455 Dexter Rd. in Mangonia Park, comprises a 20,000-square-foot metal warehouse and a 30,000-square-foot covered shed. Jeff Kelly and Robert Smith of CB Richard Ellis’s Boca Raton office were the transaction’s sole brokers.
ATLANTA — Chicago-based Redwood Capital Partners has purchased the 38.75-acre, 426,012-square-foot Collier Ridge Apartments, located at 100 Noble Creek Dr. in Atlanta, from Chicago-based Equity Residential for an undisclosed price. The purchase was made in partnership with MetLife, and Redwood plans to spend $3.6 million on renovations for the 300-unit complex. Apartment amenities include tennis courts, a fitness center and a pool.
TAMPA BAY, FLA. — New Jersey-based Lightstone Group recently sold the 104-unit senior housing complex Oceanside Apartments to a local real estate investor for $4.5 million. NAI Tampa Bay’s John Burpee represented both parties in the transaction for the complex, which was100 percent occupied at closing.
FORT MYERS, FLA. — Construction has commenced on a 30,000-square-foot office building, the second of four in Fort Myers-based McGarvey Development’s Eastlinks Business Park, located at 12600 Corporate Lakes Dr. in Fort Myers. The first property was completed in January, and the second is slated to deliver in October.
ATLANTA — Commonwealth Southeast’s 440,000-square-foot Braselton Logistics Center, the first industrial property in Atlanta to be built to Silver LEED standards, will deliver in the fourth quarter of this year. Located in the Braselton Distribution Center on Georgia Hwy. 124 near I-85, the property will feature a low-impact storm water design, high-efficiency heating and lighting and recycled building materials.
DURHAM, N.C. — New York City-based Crown West Realty has acquired the 325,000-square-foot CenterPoint Distribution Center, located at 1805 T.W. Alexander Dr. in Durham, from Illinois-based Medline Industries for $14.5 million. The Class A warehouse was built in 2000 and is 100 percent occupied by the medical suppliers Teleflex and Medline Industries. Chris Norvell of Colliers Pinkard’s Raleigh office represented the seller.
ALPHARETTA, GA. — California-based ESRI has purchased a 129,421-square-foot, five-story office building in Alpharetta’s Brookside Concourse from the Skokie, Ill.-based Alter Group for an undisclosed amount. The 8-year-old building, located at Georgia Hwy. 120, is part of the 204-acre Brookside business park. James Clark, III, of Lombard, Ill.-based EnTrust Realty Advisors represented the seller.
MAITLAND, FLA. — Jacksonville, Fla.-based Flagler Development Group recently purchased Maitland Promenade, a 230,000-square-foot, five-story office building located at 495 N. Keller Rd. in Maitland, for an undisclosed amount. Grubb & Ellis Realty Investors represented the sellers, tenant-in-common investors, and the buyer was represented by Daniel Finkle of Holliday Fenoglio Fowler’s Miami office.
ATLANTA — A private investor from West Virginia has purchased the 21,885-square-foot shopping center Wisdom Pointe, located at 277 Hwy. 74 North in Peachtree City, Ga., for $7.1 million. The seller, a private Idaho-based company, was represented by Patrick Nutt of Tampa, Fla.-based Calkain Companies.
DURHAM, N.C. — Charlotte, N.C.-based Bayrock Investment Company has sold a 40,725-square-foot office building to New York City-based D S Durham for $13.1 million. The property, which is triple net leased to Duke University Health Care Systems for 10 years, is located at the intersection of North Duke and Frasier streets. Benjamin Tapper of New York City-based Eastern Consolidated represented the seller, and the buyer was represented by Eastern’s Martin Ezratty.