BUFORD, COMMERCE AND WEST POINT, GA. — Atlanta Land Group has closed three transactions in Georgia worth more than $30 million. At the intersection of Interstate 85 and Georgia Highway 20 in Buford, BrandsMart USA has purchased 30.6 acres for a future store from Bill Heard Enterprises for $15.3 million. ALG’s Jeff Kerker, Mike Cahalan and Robert Armstrong brokered the transaction. Cahalan and Armstrong, along with ALG’s David Chalmers and Michaela McKenzie, represented a private party’s purchase of 137 acres in Commerce from Joe Craven of Craven Pottery for $14.8 million. Jay Leslie assisted Armstrong in representing Nimish Inc.’s purchase of 4 acres, located at the intersection of I-85 and Kia Boulevard in West Point, from Little Creek for $870,000. The buyer will build a 120-room Holiday Inn Express on the site.
HERMITAGE, TENN. — Grubb & Ellis Apartment REIT has acquired the 350-unit Canyon Ridge Apartments, located at 3868 Central Pike in Hermitage, from an affiliate of Principal Real Estate Investors for an undisclosed amount. The complex, which was built in 2005, encompasses 13 three-story buildings on 22.5 acres. Amenities include a fitness center, cyber café, lap pool and two tanning salons. Scott Tyrone and Perry Gooch of Collier Turley Martin Tucker’s Brentwood, Tenn., office represented the seller.
LAKELAND, FLA. — Seaman Development Corp. has acquired 44 acres of industrial land, located on Airport and Gay roads in Lakeland, from a private seller for $3 million. Plans for the land include expanding Rooms To Go’s existing warehouse footprint by more than 700,000 square feet. The expansion, which will cost $16 million, will make the warehouse the largest in Polk County. No start date has been set.
DAVENPORT, FLA. — Orlando, Fla.-based HHCP Healthcare recently completed construction on a more than 60,000-square-foot addition to the Heart of Florida Regional Medical Center in Davenport. The project added 52 new patient beds to the fourth floor and expanded the fifth floor. HHCP Healthcare built the hospital in 1997 and has since completed eight additions to the structure.
NORFOLK, VA. — An affiliate of Norfolk-based Harbor Group International has acquired the 366,106-square-foot World Trade Center, located at 101 W. Main St. in Norfolk, from an undisclosed party. The purchase price was not disclosed. The nine-story office building, which is 88 percent occupied, features three conference rooms, balconies on the top four floors and a fitness center.
JACKSONVILLE, FLA. — An affiliate of Boca Raton, Fla.-based Woolbright Development has sold the 93,272-square-foot Cobblestone Crossings Shopping Center to an affiliate of Aventura, Fla.-based Halberstein Investments for $13.85 million. The property is anchored by a 39,795-square-foot Publix and is 100 percent leased to Edward Jones & Co., GNC, Hair Cuttery, Pizza Hut, Starbucks and Subway. Cobblestone, located at the intersection of Monument and McCormick roads in Jacksonville, was built in 1987. Mark Gilbert, Adam Feinstein and Eric Williams of Cushman & Wakefield’s Miami office and Karl Johnston of the company’s Jacksonville office represented the seller.
CARRBORO, N.C. — Charlotte-based Morningstar Properties, through a joint venture with Chicago-based Harrison Street Real Estate Capital, has purchased a 78,210-square-foot storage center, located on South Greensboro Street in Carrboro. Further details of the transaction were not announced. The property, which encompasses 727 units, will operate under the Morningstar Mini Storage banner and features climate-controlled units and drive-up access. The acquisition marks Morningstar’s second storage facility purchase in the Chapel Hill/Carrboro market.
NAPLES, FLA. — A 53,000-square-foot Whole Foods has opened its doors at The Mercato, a mixed-use project spanning 53 acres at the intersection of U.S. 41 North and Vanderbilt Beach Road in Naples. The center, a joint venture between The Lutgert Companies and Barron Collier Cos., will welcome more tenant openings in the coming months, with a grand opening slated for next year.
ARDEN, N.C. — Jeff Matulis of Stan Johnson Co. has represented an undisclosed retail developer in the sale of a Walgreens building in Arden to a private buyer for $6.24 million. The buyer represented itself in the purchase of the 14,820-square-foot property.
TAMPA, FLA. — Taylor & Mathis of Florida and MetLife Insurance Co. have tapped Florida-based api(+) to help design the more than 1 million square-foot MetWest, a mixed-use project spanning 31 acres across from the International Plaza shopping center in Tampa. The property will feature 77,000 square feet of retail space mixed with office, hotel and residential components. api(+) will provide design services for the retail and restaurant spaces as well as developing the graphic identity, wayfinding and environmental graphics programs.