MARION, S.C. — Marion Properties has sold a 23,000-square-foot retail center to a private buyer for $2.72 million. The property, which sits next to a Walmart, is located on Enterprise Drive in Marion. Tenants in the center include Dollar Tree, CATO and Shoe Show. BB&T financed the purchase. Drew Fleming and Mark Joines of Atlanta-based Carter's retail sales investment team represented the seller.
GREENSBORO, N.C. — High Point, N.C.-based Bernards has signed a 240,000-square-foot lease with Tower Greensboro of Woodland, Calif., for space in a Greensboro warehouse. The property is located at 5644 Hornaday Rd. Jordan Reece and AB Henley of Triad Commercial Properties represented the tenant. Dodson Schenk of CB Richard Ellis represented the landlord.
SAVANNAH, GA. — Maersk Distribution Services has leased 195,000 square feet of warehouse space from Duke Realty Corp. at 318 Grange Rd. in Savannah. The tenant is a U.S. division of Denmark-based Maersk Line, a shipping company. Brian Sutton of Duke Realty served as in-house representation for the company. Colliers Neely Dales' John Neely represented Maersk.
ATLANTA — Display Fixture Warehouse has purchased a 157,000-square-foot warehouse from General Electric Capital for an undisclosed amount. The property is located at 4970 Fulton Industrial Blvd. in Atlanta. Bradley Bays of King Industrial Realty represented the buyer. Lincoln Property Co.'s Denton Shamburger represented the landlord.
ALTAMONTE SPRINGS, FLA. — Emerson International has completed the development of Emerson Plaza II, a 64-unit luxury apartment complex in Altamonte Springs. The 12-story tower, which overlooks Cranes Roost Park, includes two rooftop penthouses. Additional features include a recreation center, a pool and spa, and a fitness center.
CARY, N.C. — Boca Raton, Fla.-based Altman Cos. has sold the 360-unit Preston's Reserve apartment complex to Atlanta-based Centennial Holding Co. for $34 million. The Cary property is situated in a growth corridor between downtown Raleigh, N.C., and the Research Triangle Park. Phil Brosseau of CB Richard Ellis' Charlotte, N.C., office and Robert Given of the firm's Miami office represented the seller in the transaction.
EAST POINT, GA. — Healthcare Trust of America has purchased an 80,562-square-foot medical office portfolio from Tenent Healthcare Corp. for $19.55 million. The properties, located on the Camp Creek Medical Center campus in East Point, were developed by Ackerman & Co. The portfolio is currently 94 percent leased. Healthcare Trust of America now owns more than 500,000 square feet of medical space in Georgia.
BATON ROUGE, LA. — Campus Apartments is working toward a fall completion of the 30,000-square-foot College Row at Northgate retail center near the Louisiana State University campus in Baton Rouge. The project, which is currently 70 percent pre-leased, is located at the intersection of Highland Road and State Street. Tenants include CVS/pharmacy, PJ's Coffee, Menchie's Frozen Yogurt, Shanghai Tokyo Restaurant and Pita Pit.
FLORIDA — Charleston, S.C.-based Twin Rivers Capital has sold a portfolio of five Family Dollar stores to a private buyer for $8.6 million. The stores are located throughout Northeast Florida. Twin Rivers Capital is the preferred developer of Family Dollar locations.
STERLING, VA. — Neustar has signed a 10-year lease with Bavar Properties Group to occupy its 92,000-square-foot Ridgetop III at Loudoun Tech Center building. The $18 million office property is located at 21575 Ridgetop Circle in Sterling. The tenant currently leases 45,000 square feet at the nearby Ridgetop I building and will move into the new Class A space by the end of the year. Jones Lang LaSalle's Robb Johnson represented Neustar in the lease. Neil Alt of Lincoln Property Co. represented the landlord.