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.
GREENVILLE, S.C. — The Shops of Greenridge is adding three retailers to its lineup. J. Jill will open a 3,399-square-foot store in June, White House | Black Market will relocate from its current location to an expanded 3,501-square-foot store in May and Diamond’s Choice will open a 2,234-square-foot store in September. The Shops of Greenridge is a $64 million retail center developed by Charlotte, N.C.-based Crosland. Anchor tenants include Lowe’s Home Improvement Warehouse, Marshalls, PetSmart and Dick’s Sporting Goods.
OSCEOLA, FLA. — Lowe’s Home Improvement Warehouse has opened an $18.5 million, 148,000-square-foot store in The Pointe at Poinciana, one of six retail centers in the Poinciana master-planned community in Osceola. The store is situated on a 19-acre site, located at 4420 Pleasant Hill Rd., and features 117,000 square feet of retail sales space and a 31,000-square-foot outdoor garden center. The project began construction in September 2007 and completed in March. Poinciana is being developed by Avatar Properties.
ORLANDO, FLA. — Vehicle Inspections Systems (VIS) has purchased a 40,362-square-foot building at Lee Vista Business Commons, a 125,000-square-foot, Class A warehouse/office complex in Orlando, from Chicago-based Higgins Development, for an undisclosed amount. VIS will relocate its North American headquarters to the facility. The Orlando office of Colliers Arnold represented the seller in the transaction.
MYRTLE BEACH, S.C. — New York City-based RWO Acquisitions will develop Withers Preserve, which will consist of approximately 2,000 single-family homes, townhomes and condominiums as well as offices, hotels and retail space, in Myrtle Beach. It is being developed in harmony with the master-planned redevelopment program by the Myrtle Beach Air Force Base Redevelopment Authority — a 3,970-acre parcel of land with $30 million of new infrastructure including 29 acres of lakes, new community parks and 4 miles of new roads. Withers Preserve will encompass 560 acres of land on the former Myrtle Beach Air Force Base.