BRUNSWICK COUNTY, N.C. — Philadelphia-based BPG Properties is planning The North Carolina Port Industrial Facility, a 945,000-square-foot, Class A global warehouse/distribution center at Leland Industrial Park in Brunswick County. The project cost will range from $40 to $50 million. The facility’s 75-acre site is located near Interstate 40 and I-140, 10 miles from the Port of Wilmington, N.C. CB Richard Ellis’ Raleigh, N.C., office will serve as exclusive listing agent.
OVIEDO, FLA. — Tarrytown, N.Y.-based Juster Development Co. has acquired Tuscawilla Bend Shopping Center, a 83,777-square-foot center in Oviedo, from Jacksonville Beach, Fla.-based Case Pomeroy, for $12 million. The shopping center is located at 2010 Winter Springs Blvd. and is anchored by Publix. Karl Johnston of Cushman &Wakefield’s Jacksonville, Fla., office was the sole broker in the transaction and exclusively represented the seller.
RIVERVIEW, FLA. — Delaney Creek Crossing, an entity of Phillips Land Acquisition, has purchased 49 acres for future multifamily development in Riverview, from Tampa, Fla.-based Falkenburg Road LLC, for $3 million. Mark Cooney and Randy Mills of GVA Advantis represented the buyer, and the seller was represented by Willis & Associates. The property is located at 5600 South Falkenburg Road.
RICHMOND, VA. — Richmond-based Apple REIT Seven has acquired the Richmond Marriott Hotel, an 18-story, 401-room property in downtown Richmond, from The Procaccianti Group, for $53 million. The hotel is connected to the Greater Richmond Convention Center and features more than 27,000 square feet of meeting space and two restaurants. Amenities include three concierge levels, an indoor pool, fitness center and business center. Rob Koger and David Altobello of Vienna, Va.-based Molinaro Koger represented the sellers in the transaction. The hotel will be managed by White Lodging and retain the Marriott flag.
COLUMBIA, S.C. — San Francisco-based Trinity Group has purchased a multifamily portfolio, consisting of two complexes in Columbia, from New York-based TGM Associates, for $17.5 million. Tamarind at Stoneridge is a 220-unit property located at 143 Stoneridge Dr. Amenities include a clubhouse, swimming pool, two tennis courts, fitness center and business center. The Hollows is a 212-unit property located at 1300 Longcreek Dr. The community features a clubhouse, business center, tennis court and fitness center. Jim Sewell and Steve Mack of Hilton Head Island, S.C.-based Coastal Apartment Advisors were the sole brokers and exclusively represented the seller in the transaction.
ORLANDO, FLA. — Provo, Utah-based Suburban Land Reserve has acquired 46 acres at the International Corporate Park in Orlando, from Atlanta-based ICP Land Partners, for $5 million. David Murphy and Erik Schwetje of CB Richard Ellis’ Orlando office were the sole brokers and exclusively represented the seller.
ANNAPOLIS AND OCEAN CITY, MD.; GAINESVILLE, VA. — Bed Bath & Beyond will open three stores in Annapolis, Ocean City and Gainesville this year. A superstore location will open this fall at Parole Towne Plaza in Annapolis, featuring 42,446 square feet. The center is anchored by Whole Foods Market and Target. Also, a location will open this spring at White Marlin Mall in Ocean City, featuring 23,404 square feet. The mall is anchored by Marshalls, Michaels, Staples and Petco. Both retail centers are owned and managed by Owning Mills, Md.-based Greenberg-Gibbons. In Gainesville, a 30,000-square-foot store will open will open this summer at the Shoppes at Stonewall, a 250,000-square-foot retail center being developed by Regency Centers. Anchor tenants include Wegman’s, Michaels and Staples. Construction on the shopping center began last fall and will complete this summer. Bed Bath & Beyond was represented by Les Sax and Dennis Bodley of Bethesda, Md.-based Sax Realty in all three transactions.
WINTER PARK, FLA. — 2303 Partners has purchased Lakeview Office Building, a 48,963-square-foot property in Winter Park, from Santa Fe, N.M.-based BGK Group, for an undisclosed amount. The building is situated on 5 acres at 2302 N. Semoran Blvd. Joseph Rossi and Bret Felberg of Grubb & Ellis | Commercial Florida’s Orlando, Fla., office represented the seller, and the buyer was represented by Geoff Rogers of Winter Park-based Silver City Partners.
CONCORD, N.C. — An undisclosed Safety Harbor, Fla.-based developer has acquired 90 acres in Concord, from Christenbury Farms, for $35 million. The site is located in southwest Cabarrus County, near Concord Mills Mall, and will be developed into a retail project. Site work is projected to begin in second quarter 2008. Anchors will include a home improvement retailer, grocery store and drug store. Brian Craver and David Hidell of Charlotte, N.C.-based Gallant Properties represented the buyer in the transaction.
COLUMBIA, S.C. — Robert King of Columbia-based NAI Avant has brokered the sale of 35 acres, bordering Farrow, Clemson and Killian roads, to two individual buyers, for a total of $8.5 million. C. Towne One purchased an 18-acre tract for the development of McDaniel’s Acura and Porsche dealership, and the remaining 17 acres were acquired by I-77 LLC.
