GOLDSBORO, N.C. — TRB Goldsboro, an affiliate of BRT Realty Trust, has sold a former Quality Inn of Goldsboro to Southern Hotel Partner for an undisclosed amount. The buyer plans to renovate and rebrand the 111-room hotel. David Mumford, Ed James, Justin Pinkard and Matt Winston of Newport News, Va.-based Mumford Co. represented the seller.
MANNING, S.C. — South Carolina-based EWS Investments has sold the 57-room Best Western Palmetto Inn located in Manning to Raghuvans LLC for $1.75 million. Hotel amenities include an outdoor swimming pool. Atlanta-based Hodges Ward Elliott represented the seller.
CARROLTON, GA. — In an agreement with Hull Storey Retail Group, Lowe’s Home Improvement Warehouse is putting the finishing touches on a new store on U.S. Highway 27 in Carrolton. The store will span 117,000 square feet and feature a 38,600-square-foot garden center, representing an investment of $18.5 million. Delivery of the store, which is expected to generate 175 jobs, is slated for the fourth quarter of this year.
BIRMINGHAM, ALA. — CMH Architects has entered the design phase on a 100,000-square-foot addition to the Summit Birmingham, a lifestyle center in Birmingham built in 1989. The addition includes a 50,000-square-foot building for retail and office space and a second 50,000-square-foot retail building. A 163-car parking deck, a valet parking station and outdoor dining areas are also part of the design. The project marks the property’s sixth phase.
RALEIGH, N.C. — Greenway Creekside has purchased the 60,529-square-foot Creekside Crossings shopping center from EIG Creekside for $12.82 million. The center, located at 404 E. Six Forks Rd. in Raleigh, houses Staples and Borders Books & Music. Banks A. Hunter of Hunter & Associates brokered the sale.
ORLANDO, FLA. — Columbus, Ohio-based Parkline Holding Co. has purchased an 81,750-square-foot industrial building from McCraney ORL-Parkline for $11.25 million. Spread across 6.61 acres at South Orange Avenue and Parkline Boulevard in Orlando, the building also comes with an attached 5.39-acre parcel. Parkline was represented by George Livingston and Christie Alexander of NAI Realvest. David Murphy of CB Richard Ellis represented the West Palm Beach, Fla.-based seller.
WASHINGTON, D.C. — Lowe Enterprises recently completed The V Apartments at CityVista, a 244-unit complex located in the 843,000-square-foot Washington, D.C., development, CityVista. The complex features amenities such as a fitness center and a library. Retailers already complete in the mixed-use project include Safeway, Results The Gym, 5th Street Hardware, Chevy Chase Bank and the Busboys and Poets restaurant. CityVista also encompasses a 441-unit condominium property and a 1-acre private park. Michael Marshall Architecture designed The V Apartments, which marks the final phase of the $240 million mixed-use project.
FERN PARK, FLA. — Shelton Granade of CB Richard Ellis’ Orlando office has represented an undisclosed seller in its sale of the 352-unit Magnolia Grove apartment complex to an undisclosed buyer for $16.7 million. The property, which was built in 1972, is located at 2174 Sharp Court in Fern Park.
TAKOMA PARK, MD. — The Montgomery Housing Partnership is finishing construction on its $14.5 million Takoma Park Preservation project, consisting of 75 affordable housing units in three Takoma Park apartment complexes. In 2005, residents of these apartments were in danger of being priced out of their homes, so the housing partnership purchased the buildings and outfitted them with new plumbing and electrical systems, new kitchens and bathrooms and energy-efficient features. The newly-renovated Merrimac Gardens, The Crossroads at Flower and Sligo View Apartments opened to residents this month.
CHATTANOOGA, TENN. — RV Storage Fund has purchased an 88,000-square-foot industrial building from a private citizen for $3 million. The two-building property sits on 10.5 acres at 7811 Old Lee Highway in Chattanooga. George Elder and John Healy of Chattanooga-based Sperry Van Ness/Elder Healy Commercial brokered the transaction.