JACKSONVILLE, FLA. — CB Richard Ellis Realty Trust has acquired a 601,500-square-foot build-to-suit distribution facility from a private party for an undisclosed price. Located at 2300 Pickettville Road in Jacksonville, the property is fully leased to Dr. Pepper until 2019. Building features include 32-foot high ceilings, ESFR sprinklers and T5 lighting.
Southeast
BETHESDA, MD. — Brookfield Properties Corp. has sold the 167,000-square-foot One Bethesda Center to JBG Cos. for $71 million. The Class A office is located at 4800 Hampden Lane in Bethesda. As part of the sale, JBG also assumed an existing $53 million loan. The building is 99 percent occupied by Boston Consulting Group, AREVA NC and 12 other tenants. Jim Meisel and Dek Potts of Holliday Fenoglio Fowler's Washington, D.C., office represented the seller.
RESTON, VA. — A subsidiary of Rockwood Real Estate Partners Fund VIII has purchased Sallie Mae's 221,326-square-foot headquarters from the company in a $68 million sale-leaseback transaction. The single-tenant building, located in Reston Town Center in Reston, was built in 2004. Sallie Mae will lease the entire building until 2012, and then it will occupy only 55 percent of the space until 2019. CB Richard Ellis' Rob Faktorow and Tom Cleaver represented the buyer.
MIRAMAR, FLA. — An undisclosed party has sold two Miramar office buildings totaling 222,600 square feet to CB Richard Ellis Realty Trust. The price of the transaction was not released. Royal Caribbean Cruises has leased one of the buildings, a 128,540-square-foot property, through May 2016. The space is located at 2200 S.W. 145th Ave. DeVry has leased the other building through November 2017. The 94,060-square-foot property is located at 2300 S.W. 145th Ave. CB Richard Ellis' Jeffrey Torto brokered the sale.
GOODLETTSVILLE, TENN. — R-Roof V-I has sold a 108-room Red Roof Inn to Gayatri MAA for $2.5 million. The property is located near Interstate 65 in Goodlettsville. Each unit in the two-story building features high-speed Internet, a coffee maker and a hairdryer. The buyer is planning to undertake renovations to the hotel. Anthony Falor of Hodges Ward Elliott represented the seller in the transaction. Gayarti was represented internally.
ST. PETERSBURG, FLA. — Atlanta-based Pollack Partners has purchased 510 units in the 582-unit Bay Isle Key condominium development from GE Capital for $32.5 million. GE foreclosed on the St. Petersburg property last year. Lubert-Adler Real Estate Funds assisted Pollack in the deal. Cushman and Wakefield represented the seller.
TUSCALOOSA, ALA. — BE&K Building Group, a division of Houston-based KBR, will construct a $46.96 million United States Federal Building and Courthouse in Tuscaloosa. The development will replace the current courthouse and will be built to LEED Silver standards. Further details were not released.
ASHBURN, VA. — First Potomac Realty Trust has purchased the 194,183-square-foot Corporate Campus at Ashburn Center from MRP Realty for $14 million. The three-building property, located 5 miles from Dulles International Airport in Ashburn, was built in 2009 and is 45 percent leased to three tenants. First Potomac will invest $6 million in property renovations.
VIRGINIA BEACH, VA. — Orlando, Fla.-based The Henin Group has sold the Harbor Walk condominium project in Virginia Beach to Franciscus Homes for $4.8 million. The development broke ground in 2003 with a plan for 237 units, and Henin assumed control of the project in 2007. Franciscus acquired sites that will accommodate 156 units.
LOUISVILLE, KY. — Thieneman Springview has sold the 72-unit Springview Apartments to Springview Real Estate Ventures for $1.61 million. The Louisville complex was built in 1971. PRG Investments' Fred Sutterlin, Reed Weinberg and John Davis represented the seller. Breland Group Realtors' Tony Stefater represented the buyer.