HARRISON, ARK. — A partnership between Henzlik-Oliver Real Estate Cos. and Joshua Simon of S/I Real Estate has purchased the 145,000-square-foot North Hills Shopping Center, located in Harrison, from Vanguard Properties for $2.88 million. The center is fully leased to Tractor Supply, Carmike Theatre, Fred's, Big Lots and Country Mart Grocery. T.J. Lefler of Fayetteville, Ark.-based Sage Partners represented both parties in the transaction.
Southeast
MARIETTA, GA. — ADEVCO Corp. has finished a $2 million, 16,500-square-foot expansion for EBRE, USA, located on Northwest Parkway in Marietta. The project included the addition of a second story and warehouse space to bring the building's total size to 35,260 square feet. ADEVCO was the project manager for the development, Integra Construction was the construction firm and Rule Joy Trammel+Rubio was the architectural firm.
KNOXVILLE, TENN. — NAI Knoxville has brokered the $1.07 million sale of a 61,000-square-foot industrial building, located at 5049 S. National Dr. in Knoxville. Scott Recycling purchased the building from Clayton Bank & Trust. NAI Knoxville represented both parties in the transaction.
PEACHTREE CITY AND TUCKER, GA. — Atlanta-based QR Capital has acquired two multifamily properties, the 180-unit Concord Village in Peachtree City and the 180-unit Gwinnett Station in Tucker, from Harmony Properties for $15.75 million. QR Capital plans to complete $2.3 million in renovations to the properties. Brad Simmel and Shea Campbell of CB Richard Ellis' Atlanta office represented the seller in the transaction. Richard Jordan and Matt Forgione of CBRE's Atlanta office secured debt financing through NXT Capital.
TIMONIUM, MD. — Cassidy Turley has brokered the $4.15 million sale of the 40,151-square-foot Deereco I, a flex building located at 9474 Deereco Rd. in Timonium. Jon Carpenter and Jay Wellschlager of Cassidy Turley's Baltimore office represented the seller, Deereco I, LLC, in the transaction. Abrams Development Group was the buyer.
NEWPORT NEWS, VA. — Calkain Cos. has negotiated the $3.3 million sale of a 16,510-square-foot showroom, located at 11967 Jefferson Ave. in Newport News. The property is currently leased to La-Z-Boy Furniture Galleries. Bob Browning of Calkain's Wilmington, Del., office, along with Andrew Fallon of the Restin, Va., office represented the seller. The buyer was a local investment group.
TITUSVILLE, FLA. — SIKON Construction has completed a $3 million, 45,600-square-foot Publix at St. John's Plaza, located at 3275 Garden St. in Titusville. The new store will replace the previous location at 3265 Garden St. PMAT Real Estate Investments developed the store and Cuhaci & Peterson was the architect.
CLEARWATER, FLA. — Grandbridge Real Estate Capital has arranged a $4.5 first mortgage loan for a 171-site manufactured home community in Clearwater. Stephen Marshall and Todd Elkins of Grandbridge's Tampa, Fla., office arranged the 10-year loan with a 25-year amortization schedule through an insurance company.
FORT LAUDERDALE, FLA. — Ivy Realty has acquired the majority stake interest in the 340,000-square-foot One East Broward Boulevard, located in Fort Lauderdale, from a 32-member TIC for $42 million. The buyer is undertaking a strategic capital improvement program to enhance the building's lobby and common areas, upgrade its building systems and re-tenant the building, which is 50 percent leased.
LANDOVER HILLS, MD. — Bethesda, Md.-based Broad Street Realty has acquired the 68,000-square-foot Crestview Square Shopping Center, located at 6747 Annapolis Rd. in Landover Hills, from AG-FCP Cherry Hill for $10.7 million. Value Village anchors the center, which is fully leased. Andy Stape and Matt Adler of KLNB Retail's Washington, D.C., office represented the seller in the transaction. The buyer was self-represented by Tim McCann.