MIAMI — Marcus & Millichap has brokered the sale of a 14,820-square-foot Walgreens between two Florida-based limited liability companies for $7.4 million. The property, which was built earlier this year, is located at 12711 S.W. 200th St. in Miami. Drew Kristol and Kirk Olson of the firm’s Miami office represented the seller. The firm’s Deme G. Mekras and Victor M. Garcia represented the buyer.
ATLANTA — Atlanta-based RCG Ventures has acquired three retail properties in the Southeast totaling more than 250,000 square feet. All the assets were sold by private parties for undisclosed amounts. The firm purchased the 213,164-square-foot Hampton Plaza, located at 2864 Wilma Rudolph Blvd. in Clarksville, Tenn. Also purchased were the 103,000-square-foot Laurens Plaza, located on East Main Street in Laurens, S.C., and the 43,132-square-foot Talladega Shopping Center, located at 803 E. Battle St. in Talladega, Ala.
DAHLONEGA, GA. — Gold Creek Food has purchased a 342,352-square-foot industrial property from Mohawk Industries for $2.1 million. The property is located on 35 acres at 215 Pine Tree Lane in Dahlonega. A former carpet yarn spinning facility, the warehouse will be used for chicken processing and cooking. Industrial Properties Group represented the buyer in the transaction. David Barber of Philadelphia-based Binswanger represented the seller.
JUPITER, FLA. — Redina Cos. is working toward a February 2011 completion of a 63,000-square-foot headquarters building for G4S Wackenhut, a security provider. The build-to-suit property will be located near the corner of Parkside Drive and University Boulevard in the Abacoa Town Center in Jupiter. The building will be constructed to green specifications and will house the firm’s sales and technology centers, training institute and additional business units.
HUNTSVILLE, ALA. — The Hampshire Companies has disposed of a 44,271-square-foot retail property, selling it to Huntsvillepub LLC for an undisclosed amount. The building is located on more than 6 acres at 12796 Bailey Cove Rd. SE in Huntsville. Publix formerly occupied the space.
LEBANON, TENN. — United Trust Fund has purchased a 383,000-square-foot distribution center from Cracker Barrel in a sale-leaseback valued at $15 million. The property, located in Lebanon, is the company's sole dry goods distribution center for its more than 500 locations.
GEORGIA — ProLogis has leased 222,000 square feet of warehouse space to two tenants in Georgia. The firm leased 115,000 square feet to Innotrac Corp. at Progress Distribution Center Building One in Lawrenceville, Ga. Auto Metal Direct has also leased 107,000 square feet from ProLogis at Buford Distribution Center Building One in Buford, Ga.
ARLINGTON, VA. — The Bozzuto Development Co. and Chesapeake Community Advisors will start construction next month on the 116-unit Views at Clarendon affordable housing community. Located in Arlington, the eight-story complex will be built on top of existing space occupied by The Church at Clarendon and a daycare center. The project also calls for 120 underground parking spaces. Views at Clarendon was designed to achieve LEED Silver standards and will feature EnergyStar appliances, low-flow fixtures and low-emission paints.
ORLANDO, FLA. — Eisenberg Investment Group has purchased a 125,775-square-foot warehouse from an undisclosed seller for $7.3 million. The property is located in the Beeline Industrial Park at 8751 Skinner Court in Orlando. Deborah Mickler and Forrest Askew of Colliers Arnold's Orlando office brokered the deal.
WASHINGTON, D.C. — Washington Residential Fund III, a collaboration between Washington-based Urban Investment Partners and Stonebridge Investments of the Netherlands, has purchased the 32-unit Spring Valley Apartments from a trustee, PNC Bank, for $5.1 million. Built in 1950, the property is located at 4000 – 4016 47th St. N.W. in Washington. The buyer plans to undertake a $450,000 renovation of the property, which will be complete by December. The owners have also started converting four of the apartment's units to condominiums. Jonathan Greenberg of CB Richard Ellis' McLean, Va., office and Bobby Meehling of the firm's Washington office represented the buyer. First Capital Realty's Rick Shinberg and Les Zimmerman represented the seller.