HOMESTEAD, FLA. — Coral Gables, Fla.-based Continental Real Estate Cos. (CREC) has arranged the $5.22 million sale of 79 condo units, located in the 252-unit Caribbean Isles Villas Condominiums, located at 376 NE 26th Terrace in Homestead. The units were approximately 90 percent occupied at the time of the sale. Peter Mekras of CREC represented 13th Floor Investments, the seller, in the transaction.
ORLANDO, FLA. — Wyndham Vacation Ownership has signed a 230,000-square-foot lease at Sea Harbor Office Center, located at 6277 Sea Harbor Dr. in Orlando. David Chapin of Jones Lang LaSalle's Orlando office represented Lexington Realty Trust, the landlord, in the transaction. John Wanamaker of Orange City, Fla.-based Coldwell Banker Commercial/AI Group represented the tenant.
WASHINGTON, D.C. — New York City-based JOSS Realty Partners has sold the 88,074-square-foot 2131 K. Street N.W., an office building located in Washington, D.C.'s CBD, for $28.8 million. The 8-story building is 90 percent leased to tenants including George Washington University Hospital, Cardiology Associates, Atlantic Services Group, The George Washington University's National Health Policy Forum and Gambro Healthcare (Davita). Transwestern represented the seller in the transaction.
MIAMI — A 15,975-square-foot retail property, located at 801 Washington Ave. in Miami, has been sold for $13.15 million. The property is fully leased to tenants including Diesel Jeans, Dash Miami, LF Sportswear, OndadeMar and Solstice Sunglass Boutique. Drew Kristol and Kirk Olson of Marcus & Millichap's Miami office represented the seller, 801 Washington LLC, in the transaction. Adelaide Polsinelli and Kyle Woodruff of the firm's New York City office represented the buyer, a New York City-based investor in a 1031 exchange.
ATLANTA — Atlanta Property Group (APG) has purchased the 183,619-square-foot 1200 Ashwood, an office building located 1 mile north of the Ashford-Dunwoody/Interstate 285 Interchange in Atlanta, from Miami-based LNR for approximately $9.5 million. LNR serviced the loan made to the previous owner, Griffin Capital. APG will spend approximately $1 million to renovate the building's common areas and improve the property's aesthetic appeal. Will Yowell of CBRE's Atlanta office represented the seller in the transaction.
CHARLOTTE, N.C. — Malvern, Pa.-based Liberty Property Trust has acquired the 270,400-square-foot Charlotte Distribution Center South, located at 8910 & 8916 Pioneer Ave. in Charlotte. The two-building property is 100 percent leased to tenants including FedEx Smart Post and Premier Transportation & Warehousing. The company also acquired a 9.5-acre pad site located in front of Charlotte Distribution Center South for future development of a 105,000-square-foot industrial facility.
HIALEAH, FLA. — Bullet Line has signed a 475,000-square-foot industrial lease at Centergate at Gratigny, located at 6301 E. 10 Ave. in Hialeah. Wayne Schuchts and Ed Lyden of Flagler Real Estate Services' Coral Gables, Fla., office represented the landlord in the lease transaction. James Nolan of Butters Realty, along with Wayne Ramoski of Cushman & Wakefield's Miami office, represented the tenant.
ATLANTA — A joint venture between Carter Validus Mission Critical REIT (CV Reit) and three institutional investors has purchased the 338,000-square-foot Peachtree Data Center, located in downtown Atlanta, for $94.75 million. CV REIT will control and run the operations of the property, which is currently fully leased to six tenants. The building underwent a $230 million renovation in 2010.
ATLANTA — Los Angeles-based Cohen & Associates has purchased Renaissance Walk, a mixed-use development located at 171 Auburn Ave. NE in Atlanta, for $12.5 million. The original developer sold 21 of the condominium units before converting the remaining 140 units into apartments. Also included in the property is 30,500 square feet of retail space. The apartments are currently 90 percent occupied. CBRE represented both the buyer and the seller in the transaction. Shlomi Ronen of Los Angeles-based Dekel Capital arranged financing.
MIAMI — Miami Avenue Holding has sold five retail spaces, a 6,000-square-foot office and an 18,000-square-foot lot, located at 1036 & 1040 S. Miami Ave. and 21 SW 11th St. in Miami, for $7.5 million. Fabio Faerman of Miami-based Fortunue Commercial Division represented both the seller and the undisclosed buyer in the transaction.