Southeast

SSTI ACQUIRES 12 SELF-STORAGE PROPERTIES FOR $80M

by admin January 5, 2012

GEORGIA AND FLORIDA — Strategic Storage Trust, Inc. (SSTI) has purchased a portfolio of 12 self-storage properties in Georgia and Florida for approximately $80 million. The properties total 8,000 units and nearly 1 million square feet. The facilities will be rebranded under the SmartStop Self Storage name. The Georgia properties are located in Kennesaw, Sharpsburg, Duluth (three properties), Marietta, Austell, Sandy Springs, Smyrna and Lawrenceville. The remaining two properties are in Jacksonville, Fla.

January 5, 2012

TRINITY PLACE OFFICE BUILDING SELLS FOR $15.4M

by admin January 5, 2012

RALEIGH, N.C. — The 112,000-square-foot Trinity Place, an office building located at 1201 Edwards Mill Rd. in Raleigh, has been sold for $15.4 million. Tenants include AT&T, AeroTek, RSM McGladrey and CapStrat. Denver-based Fairfield Asset Advisors represented both parties in the transaction.

January 5, 2012

Retail Southeast

WALGREENS SELLS FOR $7.37M

by admin January 5, 2012

MOUNT PLEASANT, S.C. — A 14,500-square-foot, single tenant net-leased Walgreens, located at 2903 N. Hwy. 17 in Mount Pleasant, has been sold for $7.37 million. Randy Blankstein and Jimmy Goodman of Northbrook, Ill.-based The Boulder Group represented the buyer, a Chicago-based 1031 exchange investor, in the transaction. The seller was a Southeast-based developer.

January 5, 2012

Industrial Southeast

SOUTHPACE PROPERTIES ARRANGES $2.6M INDUSTRIAL SALE

by admin January 5, 2012

BESSEMER, ALA. — Birmingham, Ala.-based Southpace Properties has arranged the $2.6 million sale of the 72,600-square-foot Academy Business Park, a four-property industrial park located on Powder Plant Road in Bessemer. Rich Vanchina of Southpace Properties represented the seller, 2226 Academy, in the transaction. Michael Randman, also of Southpace Properties, represented the buyer, an investor.

January 5, 2012

Retail Southeast

DOWLING MILLS CORPORATE PARK SELLS FOR $1M

by admin January 5, 2012

TAMPA, FLA. — The 14,000-square-foot Dowling Mills Corporate Park, a former day care and office facility located at 7815 Gunn Hwy. in Tampa, has been sold for $1 million. Also included in the transaction was a separate vacant pad that can accommodate a building of up to 12,000 square feet. Bill Besselieu of Tampa-based Andretta Properties represented the seller, Regions Bank, in the transaction. The buyer was Thuzi Investments I.

January 5, 2012

Office Southeast

CENTERPOINTE I & II OFFICE BUILDINGS SELL FOR $128.7M

by admin January 4, 2012

FAIRFAX, VA. — Centerpointe I & II, located at 4000 and 4050 Legato Rd. in Fairfax, has been sold for $128.7 million. Thomas Properties Group and the California State Teachers Retirement Systems sold the two 11-story office buildings, totaling 421,859 square feet, to Carr Properties Income Trust and an institutional investment partner. Bill Prutting, Jr., William Kaye, Randall Heilig, Jeff Roman, Mike Pepper and John DiCamillo of CBRE's Washington, D.C., office represented the seller in the transaction.

January 4, 2012

Retail Southeast

REALTYLINK SELLS MIDTOWNE PARK SHOPPING CENTER FOR $25.6M

by admin January 4, 2012

ANDERSON, S.C. — Greenville, S.C.-based RealtyLink has sold the 167,341-square-foot Midtowne Park Shopping Center, located at 3520 Clemson Blvd. in Anderson, to Pheonix-based Cole Capital for $25.6 million. Tenants include Kohl's, Dick's Sporting Goods, Staples and ULTA. The seller was self-represented in the transaction by Tyson Glasser.

January 4, 2012

Industrial Southeast

C&W ARRANGES $16.25M INDUSTRIAL SALE

by admin January 4, 2012

WHITE MARSH, MD. — Cushman & Wakefield has brokered the $16.25 million sale of the 218,532-square-foot White Marsh Commerce Center, located at 10001 Franklin Square Dr. in White Marsh. Included in the sale was a 13-acre development site that can accommodate an additional building of up to 220,000 square feet. The property is fully leased to C&J Graphics, Turn Key Office Installations and Creative Touch Interiors. Cristopher Abramson, Brian Kruger, Nicholas Signor, Michael Elardo and Christoper Wright of Cushman & Wakefield's Baltimore office represented the seller, Corporate Office Properties Trust, in the transaction and procured the buyer, Industrial Income Trust.

January 4, 2012

Mixed-Use Southeast

SWEET APPLE VILLAGE SELLS FOR $6.25M

by admin January 4, 2012

ROSWELL, GA. — The 62,000-square-foot Sweet Apple Village, an office and retail property located at 12030 Etris Rd. in Roswell, has sold for $6.25 million. Tenants include Menchies Frozen Yogurt and Kumon Math & Reading Center. Craig Taylor of CBRE's Atlanta office represented the seller, the REO department of BB&T Bank, in the transaction. Mount Pleasant, S.C.-based Ziff Properties, the buyer, was self-represented by Christian Chamblee and Shaun Payne.

January 4, 2012

Multifamily Southeast

TWO ROCK HILL APT. COMPLEXES SELL FOR $6.11M

by admin January 4, 2012

ROCK HILL, S.C. — The 80-unit Quail Ridge, located at 2091 Dutchman Dr., and the 80-unit Country Club Arms, located at 1775 Cedar Post Ln., both in Rock Hill, have been sold to the same undisclosed buyer for $6.11 million. Juniper Investment Group sold Quail Ridge and B&B Holdings sold Country Club Arms. John Bergin, Brian Ford and Beau McIntosh of Charlotte, N.C.-based Capstone Apartment Partners represented both parties in the transaction.

January 4, 2012

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