MIAMI — W.P. Carey & Co. LLC has sold a 209,000-square-foot industrial and office property that houses B/E Aerospace to UBS for $26 million. The property includes a 156,820-square-foot bulk warehouse and a three-story, 52,180-square-foot office building. It was built in 2000 and is located at 1000 and 10000 N.W. 15th Terrace within International Corporate Park in Miami’s Airport West/Doral submarket. Charles Foschini, Christian Lee and Christopher Apone of CBRE’s South Florida office and Chris Riley and Brian Budnick of CBRE’s Atlanta office represented W.P. Carey & Co. in the transaction.
Southeast
CANTON, GA. — The 114,751-square-foot Hickory Flat Commons retail center has traded for $19 million at 6764-6776 Hickory Flat Highway in Canton, approximately 30 miles northwest of Atlanta. Connolly Realty Services sold the property to an affiliate of Cole Real Estate Investments. It was built in 2008 and anchored by Kroger. Other tenants include Anytime Fitness, Verizon Wireless, Little Caesars, Gymboree and Great Clips. Jim Hamilton and Richard Reid of HFF represented the seller, and Thomas Falatko represented Cole Real Estate Investments in house.
CUMMING, GA. — CNL Lifestyle Properties, a real estate investment trust, has acquired Laurel Creek Manor, a seniors living community in Cumming, for $7.5 million from an affiliate of Servant Investments. The property will be added to the Dogwood Forest family of four seniors living properties acquired by CNL Lifestyle Properties in the Atlanta area last May. Laurel Creek Manor is a needs-based community totaling 48 units, including 36 assisted living units and 12 memory care units. It opened in 2009 and was 100 percent occupied as reported at the end of last October. The property is located approximately 35 miles north of Atlanta.
ASHEVILLE, N.C. — Bell Partners Inc. has sold the 252-unit Westmount Commons apartment complex in Asheville to Trade Street Residential Inc. for an undisclosed price. Amenities include 24/7 fitness and business centers, a resort-style pool, coffee bar and clubhouse. Bell Partners acquired Westmount Commons in 2006 and added 72 units to the multifamily community in 2009.
MIAMI — South Florida-based general contractor Miller Construction Co. has completed the 8,140-square-foot Carol City Early Learning Center, a child development center in Miami, for Education First Inc. It includes seven classrooms, six bathrooms, a multi-purpose room, two fenced-in playground areas, and space for a future commercial-grade kitchen. It also features a functional drop-off lane and parking lot. The Carol City Early Learning Center serves children six weeks old through eight years old. Programs include pre-school and voluntary pre-kindergarten classes with a customized curricula, and daycare, afterschool care and summer camp.
ORLANDO, FLA. — Boca Raton, Fla.-based Crocker Partners has acquired Orlando University Center, a five-building office portfolio, for approximately $33 million on Auction.com. The 386,512-square-foot portfolio includes three office buildings on Lake Lynda Boulevard and two office buildings on Corporate Boulevard in Orlando. The office park portfolio is 70 percent occupied by local, regional and national tenants including Woolpert Inc., Zenith Insurance, the Social Security Administration and Dignitas. Fred Beasley and Bret Felberg of Colliers International Central Florida and John Crotty of Colliers International South Florida represented the seller. Crocker Partners represented itself. LNR was the special servicer for the office portfolio.
WOODSTOCK, ALA. — ThyssenKrupp Materials North America, a producer of steel, plans a $13 million, 100,000-square-foot materials processing and distribution center in Woodstock. The property will have four lines for processing materials such as carbon steel, aluminum and stainless steel to support the operations of the company’s Ken-Mac Metals and ThyssenKrupp Steel Services divisions. Ogden Deaton of Graham & Co. represented ThyssenKrupp Materials in the site selection and development.
STOCKBRIDGE, GA. — Ackerman Medical, a division of Atlanta-based Ackerman & Co., has broken ground on its newest medical office building, the 60,000-square-foot Piedmont Physician Center in Stockbridge. The $11 million, three-story Class A building will be located at the entrance of Piedmont Henry Hospital at the intersection of Eagle’s Landing Parkway and Rock Quarry Road. It is set to open in October 2013 and is 60 percent leased. Piedmont Healthcare has taken 15,000 square feet on the second floor and OrthoAtlanta has secured the entire third floor. Henry Physician Center is being privately developed and is owned by a venture of Ackerman Medical, Commercial Assets Group and local physicians on long-term ground leases. John Willig of Ackerman Medical and Mike Tallant of Commercial Assets Group are leasing the property.
DUNEDIN, FLA. — The 74,200-square-foot Granada Plaza, a grocery-anchored neighborhood center, has sold for $10.8 million in Dunedin. Danny Finkle and Luis Castillo of HFF represented the seller, Odyssey DP I LLC, an entity affiliated with Lakeland, Fla.-based Odyssey Diversified Properties Inc. H&R REIT purchased the retail property that sits on a 6.92-acre site at 1491-1575 Main St. in Dunedin. It is 86 percent leased to tenants including Publix, Curves, UPS Store, Hair Cuttery and Firehouse Subs.
NASHVILLE, TENN. — Birmingham, Ala.-based Regions Bank has signed a 12.5-year, 100,000-square-foot lease at One Nashville Place, a 37-story Class A office tower in Nashville’s downtown business district. Daymark Realty Advisors manages One Nashville Place on behalf of an investment group comprised of individual owners. The Regions Bank location will house approximately 225 employees and serve as the headquarters for the company’s Mid-Atlantic region and Middle Tennessee area. Other tenants at One Nashville Place include Merrill Lynch, Ernst & Young, National Association of State Boards of Accountancy and IBM.