MCLEAN, VA. — Freddie Mac has appointed Mike McRoberts to vice president of Multifamily Production and Sales. In this position, McRoberts is responsible for the origination and purchase of conventional multifamily loans nationwide, the Program Plus Seller/Servicer network and the four multifamily regional sales offices. Previously, he served as vice president and national head of underwriting and credit for Freddie Mac’s multifamily division. Before joining the company in 1992, McRoberts served at First Maryland Mortgage Corp. and First Interstate Mortgage Corp.
WASHINGTON, D.C. — Perkins Coie has signed a long-term lease for 56,294 square feet of office space at 700 13th Street in Washington, D.C. The law firm currently occupies 43,929 square feet at 607th 14th Street and plans to take occupancy of the new property in January 2011. Steve London and Lois Zambo of Studley represented the tenant; Dave Bevirt of Jones Lang LaSalle represented the landlord, Charter Hall, in the transaction. Terms of the lease were not disclosed.
PALM BAY AND JACKSONVILLE, FLA. — Affiliates of Greensboro, N.C.-based Bell Partners have completed the dispositions of two retail properties in Florida. In the first transaction, an affiliate of Palm Beach Gardens, Fla.-based Brock Development acquired Bayside Lakes, a 44,270-square-foot, Publix-anchored retail center located at 3450 SE Bayside Lake Blvd. in Palm Bay. Additionally, a fund advised by Palm Beach Gardens-based North American Development Group purchased Riverside Market Square, a retail center anchored by a 27,888-square-foot Publix. The property is located at 2033 Riverside Ave. in Jacksonville. CB Richard Ellis’ National Retail Investment Group – Florida Investment Team represented the sellers in the transactions. Terms of the sales were not released.
CLEARWATER, FLA. — Marcus & Millichap has brokered the disposition and sale of a 14-unit apartment building in Clearwater. Located at 1408 Alpine Road, Edwards Apartments sold for $360,000. Michael Regan and Felipe Echarte of Marcus & Millichap represented the buyer and seller in the transaction. Both parties were undisclosed Florida-based limited liability companies.
WOODBRIDGE, VA. — Richmond Heights, Ohio-based Associated Estates Realty Corp. has acquired Riverside Station Apartments, a Class A multifamily property in Woodbridge, for an undisclosed price. Built in 2005, the 304-unit property offers attached and detached garages, a fitness center, a playground, an outdoor pool, a media room and an executive business center. At the time of acquisition, the property was 95 percent leased. The seller was not undisclosed.
LEXINGTON, KY. — Lexington-based The Fraternal Order of Plumbers and Steamfitters has acquired a 17,776-square-foot industrial facility in Lexington. Located at 701 Allenridge Point, the property sold for $950,000. Peter Barr of Haymaker Bean represented the buyer; Bruce Isaac and Chad Voelkert of NAI Isaac represented the seller, LRG Properties, in the transaction.
DECATUR, GA. — Oakhurst Realty Partners has purchased the Executive Building, which is located at 125 E. Trinity Place in downtown Decatur. The three-story, 16,500-square-foot property offers two floors of office space above ground-level retail space. The buyer plans to immediately renovate the property. B. Fisher Paty and A. Barton Lester provided in-house representation for the buyer. The seller and acquisition price were not disclosed.
BALTIMORE — Chicago-based Sierra U.S. has opened a new regional brokerage office in Baltimore to serve the mid-Atlantic region from Northern Virginia to Delaware. The office will be headed by Mark Mueller, and Ashley Schneenman will serve as a principal. The new office is located at 616 Water St., Suite 317.
MONTGOMERY, ALA. — Passco Cos. has completed the acquisition of Carrington Park Apartments, a 240-unit multifamily complex in Montgomery, for $22.76 million. Located at 2000 Central Parkway, the Class A community opened in 2008 and features a “big house” design that offers attached garages, private entries and direct access to units. Ron Cameron with Primary Capital Realty Group represented both Passco and the seller, Montgomery Partners, in the transaction.
AUSTELL, GA. — Hartman II, a 261,799 industrial building at Hartman Business Park in Austell, has been sold to KBS REIT II for $10.8 million. Located at 555 Hartman Road, Hartman II is 100 percent leased to Nexen Tire America. Chris Riley, Frank Fallon and Brian Budnick of CB Richard Ellis' Atlanta Investment Properties Institutional Group represented KBS Capital Advisors in the transaction. KBS purchased the 353,983-square-foot Hartman I in July 2007.