MIAMI — Jones Lang LaSalle has completed the sale and financing of the 420,857-square-foot SunTrust International Center, an office building located at 1 SE 3rd Ave. in Miami. Terms of the sale and financing were undisclosed. Jeff Morris and Steve Echelson of Jones Lang LaSalle's Orlando, Fla., office and Jubeen Vaghefi and Denny St. Romain of the firm's Miami office represented the sellers, Stiles Corp. and an un-named partner. The buyer was Crocker Partners.
ABERDEEN, N.C. — Park at Clearwater LLC, a joint venture between First LandMark-Guardian Management and New York City-based Dome Equities, has purchased the 280-unit Park at Clearwater Apartments in Aberdeen for $25 million. Steve Heffner of CB Richard Ellis' Charlotte, N.C., office arranged $20 million in acquisition financing with a 7-year term through Freddie Mac for the joint venture. Dean Smith of ARA's Charlotte office represented the undisclosed seller in the transaction and Timothy Hose of First LandMark-Guardian Management represented the buyer.
OLIVE BRANCH, MISS. — Cushman & Wakefield has arranged the $21.25 million sale of the 600,000-square-foot Diamond Comics Distribution Center, located at 7485 Polk Ln. in Olive Branch, to New York City-based AREA Property Partners. Stewart Calhoun, David Meline, Kirk Billings and Samir Idris of Cushman & Wakefield's Atlanta office along with Wyatt Aiken and Dave Curran of Memphis, Tenn.-based Commercial Advisors represented American Fund US Investments and Real Estate Capital Partners, the sellers, in the transaction.
HOLLY SPRINGS, N.C. — Marcus & Millichap has completed the sale of Sunset Lake Commons, an approximately 88,000-square-foot shopping center located in Holly Springs, for $12.82 million. Constructed in 2005 and located at 5277 Sunset Lake Road, the center is anchored by a 48,000-square-foot Harris Teeter, which has 14.5 years remaining on its ground lease. Additional tenants include Anytime Fitness, Click Computers, Great Clips, Rudino's Pizzeria, Ship On Site, The Paper Company and Wachovia. The center was 98 percent occupied at the time of closing. Sonny Molloy of Marcus & Millichap's Atlanta office and Brad Nathanson of the firm's Philadelphia office represented both undisclosed parties in the transaction.
MIDLOTHIAN, VA. — Deutsche Bank Berkshire Mortgage has provided a $26.5 million loan under the Federal Housing Administration 223 (a)(7) program for the refinancing of the 320-unit The Park at Salisbury in Midlothian. The financing has a 40-year term.
GOLDSBORO, N.C. — High Point, N.C.-based Blue Ridge Cos. has sold the 288-unit Reserve at Bradbury Place in Goldsboro to Greensboro, N.C.-based Brantley Properties for $25.3 million. Jordan McCarley of Southeast Apartment Partner's Charlotte, N.C., office and Daniel Eller of the firm's Raleigh/Durham, N.C., office represented both parties.
ASHBURN, VA. — Seattle-based Sabey Data Center Properties has acquired a 38-acre land parcel within the 84-acre Ashburn Technology Park in Ashburn from Baltimore-based St. John Properties for $17 million. Sabey will begin construction in late summer on a three-building, 490,000-square-foot data center, which will be leased to a variety of tenants upon completion. John Ryan of CB Richard Ellis' McLean, Va., office and Kesh Tayal of Keller Willams' McLean office represented the buyer in the transaction.
ROCK HILL, S.C. — Carter has negotiated the sale of a 132,929-square-foot shopping center, located on Dave Lyle Boulevard in Rock Hill. The property contains Kohl's and Hobby Lobby. Terms of the sale were undisclosed, but the asking price was $12.5 million. Drew Fleming and Mark Joines of the firm's Atlanta office represented the undisclosed seller in the transaction. Los Angeles-based The Royston Group represented the undisclosed buyer.
BOCA RATON, FLA. — ARA has arranged the sale of the 180-unit Boca Colony, located in the 2,000-acre Boca Del Mar PUD, a master planned community in Boca Raton, for an undisclosed price. Avery Klann, Hampton Beebe and Richard Donnellan of the firm's Boca Raton office represented Invesco Real Estate, the seller, in the transaction. The buyer was Bay Harbor Island, Fla.-based Atlantic | Pacific Cos.
HUNTERSVILLE, N.C. — Performance Team has signed a 185,570-square-foot lease for office space at 13201 Reese Blvd. in Huntersville. Terry Brennan of Trinity Partner's Charlotte, N.C., office represented the tenant in the transaction and Brad Cherry of Jones Lang LaSalle's Charlotte office and Rob Speir, formerly of Jones Lang LaSalle, represented Panattoni Development Co., the landlord.
