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Bethesda, Md. — Artery Plaza, an 11-story, Class A office building in downtown Bethesda was sold to JBG Companies for $135 million. Artery Group, sold the property and was represented by the investment sales team of Jim Meisel, Dek Potts and Andrew Pulliam of Holliday Fenoglio Fowler’s Washington, D.C. office. The building features 276,191 square feet of office space and is adjacent to Bethesda Row, a 280,000-square-foot retail development. Artery Plaza is 94 percent leased to tenants including Linowes & Blocher law firm, Cambridge Information Group, PNC Financial, University Research, Edens & Avant, Greystone Servicing Corp. and Artery Group. The property is located at 7200 Wisconsin Avenue.
North Lehigh Acres, Fla. — Dalfen America sold Sunshine Shopping Plaza, an 111,188-square-foot property, for $8.8 million in North Lehigh Acres. Casey Rosen and Nickolas Kozy of CB Richard Ellis represented the seller. The property is located at 1145 Homestead Rd., 12 miles east of Fort Myers and is 98.6 percent leased. Tenants include: General Nutrition Center, Domino’s Pizza, Rent-A-Center, Family Dollar and Advance America.
Spartanburg, S.C. — Charles Gouch of Grubb Ellis | The Furman Cos.’s Greenville, S.C., office negotiated the sale of a 40,000-square-foot office condominium on behalf of American Financial TRS. Asheville, N.C.-based AVL Properties purchased the property, located at 101 North Pine St, for an undisclosed price.
Fort Myers, Fla. — Beall’s Department Store broke ground on a new 75,000-square-foot facility at Merchant’s Crossing shopping center in Fort Myers. Located along Highway 41, the department store is expanding its presence at Merchant’s Crossing, where it previously occupied a 30,000-square-foot space. Owned and managed by Noble Properties, the property’s tenants include Sears, Home Depot, AMC Theatre, Beall’s Department Store and Beall’s Outlet and Jo-Ann Fabrics.
Roswell, Ga. — Charlotte, N.C.-based Southeast Capital Associates has acquired the corporate headquarters of Georgia Prudential Realty, located in Roswell. The 11,700-square-foot building is situated on less than an acre on Holcomb Bridge Road and was leased back to Georgia Prudential Realty for a 10-year term. Southeast Commercial Real Estate Group represented the buyer.