AVENTURA, FLA. — Starwood Hotels & Resorts Worldwide is breaking ground on aloft Aventura Hotel, a $50 million property that will be developed and owned by joint venture partners Cabi Aventura Hotel, a subsidiary of Mexico-based GICSA, and Aventura Development. The hotel will feature 215 rooms and 5,000 square feet of meeting space. The property is located at 2777 N.E. 185th Street, near South Beach and the Miami International Airport. Construction is slated to complete next fall.
CHARLOTTE, N.C. — SNS Hospitality has purchased Country Inn & Suites Charlotte, a 100-room hotel located in the University City area of Charlotte, from Philadelphia-based GF Management, for an undisclosed amount. The property features an indoor/outdoor swimming pool and 31 one-bedroom suites. Ros Mallory of Jones Lang LaSalle’s Charlotte office and Mark Fair and Al Calhoun of its Atlanta office were the sole brokers in the transaction and exclusively represented the seller.
MIAMI BEACH, FLA. — A private Italian investor has acquired a 19-unit apartment building in Miami Beach, from Robert Cristoph, for $3.2 million. The property is located at 1450 Meridian Ave. and features 14 one-bedroom units, three two-bedroom units and two studios. Arthur Porosoff and Gregory Celentano of Marcus & Millichap’s Miami office represented both the buyer and the seller.
SUWANEE, GA. — 3dh Communications has purchased a 21,762-square-foot, single-story office building in Suwanee, from BRJ Real Estate Management, for $2.7 million. The property is located at 800 Satellite Blvd. 3dh is a video technology company. Rob Binion and Bobby Mason of Lavista Associates represented the seller, and the buyer was represented by Bo Keatley at NAI Brannon Goddard.
CHELSEA, ALA. — Grubb & Ellis Realty Investors has acquired a 14,800-square-foot Walgreens building in Chelsea on behalf of a private investor, from Chelsea Corners LLC, for an undisclosed amount. The property is situated on 1.7 acres of land at 164468 Block US Highway 280 and is 100 percent leased to Walgreens. Grubb & Ellis Realty Investors represented the buyer, and the seller was represented by Lior Regenstreif of Marcus & Millichap’s Encino, Calif., office.
HOLLY SPRINGS, GA. — Baltimore-based Prime Retail is developing Prime Outlets – Holly Springs, a $120 million, 450,000-square-foot outlet center, located approximately 30 miles north of Atlanta along Interstate 575. The center will open in 2010 and is expected to house 120 stores.
FRANKLIN, TENN. — Brentwood, Tenn.-based Coda Development has broken ground on Camden Commons at Gateway Village, a $70 million, 130,000-square-foot mixed-use center at the 60-acre Gateway Village development in Franklin. The European-style project will feature retail space, restaurants, offices and 190 residences. Phase one will include a single-story retail building and a three-story building featuring residential lofts and street-level retail, totaling 55,000 square feet. The mixed-use development is located at the intersection of Moore’s Lane and Franklin Road. Construction will begin in June on phase one and complete next spring, and Gateway Village is expected to complete construction in 2011.
BIRMINGHAM, ALA. — Alpine Partners, a subsidiary of Minturn Properties, has acquired Alpine Village, a 160-unit multifamily complex, from an affiliate of Harbor Group International, for $7.2 million. The community features one-, two- and three-bedroom units, averaging 916 square feet. Amenities include a swimming pool, a tennis court, a fitness center and a playground. The property was 94 percent occupied at the time of sale. Meredith Ray and Robert Simon of Corporate Realty Advisors represented the buyer.
RICHMOND, VA. — The School for the Performing Arts purchased two office buildings in Richmond, from N. Hamilton Associates, for $1.6 million. The vacant 12,000-square-foot building will be utilized as the school’s headquarters, and the adjacent 16,000-square-foot building is fully leased to the Commonwealth of Virginia. Suzanne White and C. Lee Warfield of Thalhimer | Cushman & Wakefield represented the buyer, and the seller was represented by Barry Hofheimer of CB Richard Ellis.
LAKELAND, FLA. — MidFlorida Federal Credit Union has acquired a 3,904-square-foot bank building in Lakeland, from Jacksonville, Fla.-based Wachovia Bank NA, for $1.3 million. The property is situated on a .61-acre-site at 1817 Crystal Lake Rd. Larry Bossarte and Cheryl Bossarte of NAI Realvest represented both the seller and the buyer in the sales transaction. MidFlorida will open a new branch at the facility.
