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.
DEERFIELD BEACH, FLA. — CB Richard Ellis has arranged the sale of a 43,573-square-foot industrial building located at 588 Jim Moran Boulevard in Deerfield Beach. The property was purchased by SHL Realty for $2.75 million or $63.11 per square foot. Harry G. Tangalakis and Tom O'Loughlin of CBRE's Fort Lauderdale, Fla., office represented the seller, Motivating Graphics. Carol Martinez with Miami-based Direct Realty Solutions represented the buyer.
COLUMBIA, MD. — Madison Marquette has purchased a land parcel that includes a 90,000-square-foot retail property from a private party for $7.2 million and will build a 63,000-square-foot Toys 'R Us/Babies 'R Us store on the site. The 10-acre property, located in the Columbia Center II shopping center in Columbia, was formerly occupied by Home Expo Design Center. After the new tenant moves in, additional retail space will be available.
ALTAMONTE SPRINGS, FLA. — Considine Altamonte Springs Investor has borrowed $10.57 million in acquisition financing for the 224-unit Archstone Altamonte Springs apartment complex. The Altamonte Springs property includes a pool, a clubhouse, a car wash area and tennis courts. The Freddie Mac loan carries a 10-year term and a 30-year amortization schedule. Charles Foschini, Christian Lee and Christopher Apone of CB Richard Ellis Capital Markets arranged the loan.
FORT LAUDERDALE, FLA. — Marcus & Millichap has brokered the $2.67 million sale of Cypress Business Center between two private parties. The 42,495-square-foot flex building is located at 5801 N. Andrews Ave. in Fort Lauderdale. The one-story building sits on 2.99 acres of land. Douglas Mandel of the firm's Fort Lauderdale office brokered the sale.
ROANOKE, VA. — Puglisi Family has purchased a McDonald's pad site from Fairway Roanoke for $1.3 million. The property is located at 1335 Hershberger Road in Roanoke. Thalhimer's Jake Copty brokered the sale.
THOMASTON, GA. — Yamaha Music Manufacturing has sold a 275,000-square-foot facility to Animal Health Sciences of Smyrna, Ga., for an undisclosed amount. The property, which Yamaha closed in 2007, is located on 75 acres in Thomaston. Arthur Barry of Macon, Ga.-based Coldwell Baker Commercial Eberhardt & Barry represented Yamaha in the deal.
DAHLGREN, VA. — OMZ King George broke ground last week on the King George Gateway shopping center, which could eventually encompass 300,000 square feet of retail space. The property is located across the street from Dahlgren Naval Warfare Center at the interchange of VA Route 301 and University Drive in Dahlgren. A 150,000-square-foot Walmart Super Center, which will open in spring 2011, will anchor the property. Quiznos Sub, Verizon Wireless and Auto Zone have also signed on to move into the shopping center.