ORLANDO, FLA. — Behringer Harvard has acquired The District at Universal, a luxury mixed-use community located at 9702 Universal Boulevard in Orlando. Constructed in 2009, the community features 425 apartments and more than 25,000 square feet of retail space, which is anchored by Walgreens. Community amenities include a resort-style pool with private cabanas, poolside barbeque areas with gas grills and picnic tables, a two-level fitness center with tanning booths, a media room, a cyber cafe with a kitchen, a business center with a private conference room, and lighted jogging trails around Lake Cay. The one-, two- and three-bedroom apartments feature wood or stained concert floors in the living areas, walk-in closets, granite countertops, stainless-steel refrigerators, brushed nickel hardware, maple cabinetry and a washer and dryer in each unit. The acquisition was made through a joint venture between Behringer Harvard Multifamily REIT I and PGGM Private Real Estate Fund.
CARY, N.C. — Healthcare Trust of America has purchased The Medical Park of Cary, a nine-building medical office park in Cary. The 151,000-square-foot park is situated on the WakeMed hospital campus. The property sold for $28 million. Paul Zeman of Bull Realty brokered the transaction. The seller was not disclosed.
POMPANO BEACH, FLA. — Green Florida Developments has completed the disposition of Powerline Industrial Park, which is located at 2301 NW 30th Place in Pompano Beach. CABOT III – FL 2W06-W12 LLC and CABOT III – FL 2W13 LLC acquired the property for $23.4 million. The 71-percent occupied property includes eight buildings totaling 470,000 square feet and offers highly-functional small bay product, with many units featuring both drive-in and dock-high doors. Scott O'Donnell, Dominic Montazemi, Kirk Nelson and Miguel Alcivar of CB Richard Ellis represented the seller in the transaction.
MIAMI LAKES, FLA. — MCP EWE LLC, a joint venture between Boston-based Marcus Capital Partners Fund I and Miami-based The Easton Group, has purchased a 394,000-square-foot mixed-use property in Miami Lakes. The property, which was formerly occupied by Cordis Corp., sold for $8.15 million or $20 per square foot. Located on 27 acres at 14560 NW 60th Ave., the property consists of 11 buildings housing advanced laboratories, clean rooms, and air-conditioned warehouse, office and retail space. Additionally, Framingham, Mass.-based Heartware International has signed a 10-year lease for more than 130,000 square feet at the facility.
WASHINGTON, D.C. — Rock Creek Property Group has acquired 1438 U Street N.W. in Washington, D.C. The two-story building sold for $2.75 million or $229 per square foot. The buyer plans to fully renovate the property, which was originally built for the United States Post Office, into retail, office or mixed-use tenancy. The property measures 12,000 square feet with a total mixed-use development potential of approximately 25,000 square feet. Rock Creek utilized its fund, Rock Creek Fund Investors I, for all equity associated with acquisition.
ALEXANDRIA, VA. — Wood Partners has acquired a 3-acre land parcel on the site of the former Beacon Field Airport in Alexandria. The company plans to develop The Heights at Groveton, a 290-unit luxury multifamily community, on the site. Located at 6830 Richmond Highway, the single-building, 299,000-square-foot community will feature five- and six-story elevations. Construction of the $68 million, shovel-ready project is expected to begin in January, with completion scheduled for late 2012. Wood Partners has partnered with Washington, D.C.-based Redbrick Development Group for the project. Additionally, JPMorgan Chase is providing funding for the development. The property was purchased from MDP Groveton LLC, with Holliday Fenoglio Fowler and Cassidy Turley serving as brokers. Terms of the transaction were not released.
WEST PALM BEACH, FLA. — BlackRock has acquired Village Commons, a shopping center located at the intersection of Village Boulevard and Brandywine Road in West Palm Beach. A venture between Regency Centers, First Washington Realty and the California Public Employees' Retirement System sold the property for $25.7 million or $152.02 per square foot. The 169,053-square-foot center is currently 73.2 percent leased to tenants, including Publix, CVS/pharmacy, Panera Bread and Starbucks Coffee. CB Richard Ellis' National Retail Investment Group Florida Team represented the seller in the transaction.
CHARLESTON, S.C. — Regal Logistics has acquired a 351,000-square-foot industrial building in Charleston. The property, which is located within Charleston Regional Business Center, sold for an undisclosed price. Hagood Morrison of Colliers International and Todd Clarke of GVA Kidder Mathews represented the buyer; Peter Fennelly and Simons Johnson of Colliers International represented the sellers, Amstar and Childress Klein, in the transaction.
FORKS-OF-THE-RIVER, TENN. — Plastics Management/Republic Plastics has purchased teh TTC Building, an industrial property in Forks-of-the-River, for $3.55 million. The 10-acre property includes a 98,000-square-foot industrial building. Bob Thornton of Baker Realty Co. represented the buyer and seller in the transaction.
MEMPHIS, TENN. — Arrow Operating Acquisitions has acquired Eastgate Shopping Center, a 445,907-square-foot regional community center located on Park Avenue in Memphis. Union Realty Co. GP and Belz Investco GP sold the property for $31.5 million or $71 per square foot. The center is occupied by Fresh Market, Michaels, TJ Maxx, Stein Market, Burlington Coat Factory and Walgreens. Brad Nathanson, Paul Kerber and Anne Williams of Marcus & Millichap brokered the transaction.