WEST PALM BEACH, FLA. — West Palm Beach-based Lorelle Enterprises has acquired a 92,640-square-foot office warehouse complex in West Palm Beach from, Aspen Florida Mango, for $6.2 million. The property is located at 1600 N. Florida Mango Rd. The buyer plans to convert half the building into an ice skating rink; the remaining space will be occupied by long-term lessee Goodman Distribution. Robert Smith of CB Richard Ellis’ Boca Raton, Fla., office and Kerry Jackson of its Palm Beach Gardens, Fla., office represented the seller.
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COLUMBIA, S.C. — Leesburg Village-Columbia, a Georgia limited liability company, has purchased Leesburg Village Shopping Center, a 50,574-square-foot, 6-acre center in Columbia, from Leesburg Village LLC, for $3 million. The property is anchored by a 35,560-square-foot Food Lion, and is located at 2900 Leesburg Rd. Victor John of Columbia-based NAI Avant brokered the transaction.
CHARLOTTE, N.C. — Atlanta-based VP Charlotte LLC has acquired Stonewall Jackson Apartment Homes, a 85-unit, 14-acre multifamily community in Charlotte, from ARC Realty, for $3 million. The complex features 12 one-bedroom, 52 two-bedroom and 21 three-bedroom units. The property is located at 5751 Airport Dr., and was 97 percent occupied at the time of sale. Jim Juhl of Sperry Van Ness’ Cornelius, N.C., office represented the seller, and the buyer was represented by Southern Commercial Real Estate.
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ATLANTA — Charlotte, N.C.-based Crescent Resources, in a financial joint venture with Canadian-based Manulife Financial, is developing Phipps Tower, a $175 million, 486,000-square-foot office building in Atlanta’s Buckhead district. The LEED-certified, 20-story building will be located at the intersection of Lenox Road and Phipps Boulevard. The property will feature a five-level parking garage and a lobby-level restaurant, café and convenience shop. Construction is slated for completion in January 2010.
DAYTONA BEACH, FLA. — An undisclosed Palm Beach, Fla.-based buyer has purchased Village Plaza, a 75,823-square-foot shopping center in Daytona Beach, from Prime Equities, for $9.3 million. The center is located along Belville Road. Tenants include Verizon, Subway, Daytona Beach Tag Agency and Publix administrative offices. Jeff Pocklington, Mike Pocklington and Martin Forster of Orlando-based Pocklington, Pocklington & Forster Retail, a member of the Cushman & Wakefield Alliance, were the sole brokers in the transaction.
ORLANDO, FLA. — Aspen A&D has acquired a 216,000-square-foot manufacturing facility in Orlando, from Justine Realty Corp., for $6.4 million. The facility is located at 1854 Central Florida Pkwy., and is leased long-term to Sonoco Corp. Craig Duke and Cory Kroeger of Duke Kroeger & Co. represented the buyer, and the seller was represented by Matt Sullivan and Wilson McDowell of Colliers Arnold.
GREER, S.C. — Passco Grier Piedmont has purchased Piedmont Plaza Shopping Center, located at 1326 West Wade Hampton Blvd. in Greer, from Greer/Piedmont Joint Venture, for an undisclosed amount. The buyer plans to redevelop the property with the assistance of Navarro Real Estate.
ORLANDO, FLA. — Columbus, Ohio-based Cypress Lake Properties has acquired a 5.1-acre industrial site in southeast Orlando, from Chicago-based CalEast Industries, for $1.4 million. The property is located at 1611 Cypress Lake Dr. The buyer plans to develop an 83,000-square-foot distribution warehouse building on the site. George Livingston and Christie Alexander of NAI Realvest’s Orlando office negotiated the transaction.
FORT MYERS, FLA. Stevens Construction has begun construction on Phase I of Parker Commons located off Daniels Parkway in Fort Myers. The entire office condominium consists of one two-story and nine one-story office buildings, totaling 88,500 square feet. Phase I includes the first four buildings and is scheduled for completion in early 2006. Dave Van Loon of Stevens Construction is the project manager. Sheeley Architects designed the project.