ATLANTA — Commonwealth Southeast’s 440,000-square-foot Braselton Logistics Center, the first industrial property in Atlanta to be built to Silver LEED standards, will deliver in the fourth quarter of this year. Located in the Braselton Distribution Center on Georgia Hwy. 124 near I-85, the property will feature a low-impact storm water design, high-efficiency heating and lighting and recycled building materials.
Southeast
DURHAM, N.C. — New York City-based Crown West Realty has acquired the 325,000-square-foot CenterPoint Distribution Center, located at 1805 T.W. Alexander Dr. in Durham, from Illinois-based Medline Industries for $14.5 million. The Class A warehouse was built in 2000 and is 100 percent occupied by the medical suppliers Teleflex and Medline Industries. Chris Norvell of Colliers Pinkard’s Raleigh office represented the seller.
ALPHARETTA, GA. — California-based ESRI has purchased a 129,421-square-foot, five-story office building in Alpharetta’s Brookside Concourse from the Skokie, Ill.-based Alter Group for an undisclosed amount. The 8-year-old building, located at Georgia Hwy. 120, is part of the 204-acre Brookside business park. James Clark, III, of Lombard, Ill.-based EnTrust Realty Advisors represented the seller.
MAITLAND, FLA. — Jacksonville, Fla.-based Flagler Development Group recently purchased Maitland Promenade, a 230,000-square-foot, five-story office building located at 495 N. Keller Rd. in Maitland, for an undisclosed amount. Grubb & Ellis Realty Investors represented the sellers, tenant-in-common investors, and the buyer was represented by Daniel Finkle of Holliday Fenoglio Fowler’s Miami office.
ATLANTA — A private investor from West Virginia has purchased the 21,885-square-foot shopping center Wisdom Pointe, located at 277 Hwy. 74 North in Peachtree City, Ga., for $7.1 million. The seller, a private Idaho-based company, was represented by Patrick Nutt of Tampa, Fla.-based Calkain Companies.
DURHAM, N.C. — Charlotte, N.C.-based Bayrock Investment Company has sold a 40,725-square-foot office building to New York City-based D S Durham for $13.1 million. The property, which is triple net leased to Duke University Health Care Systems for 10 years, is located at the intersection of North Duke and Frasier streets. Benjamin Tapper of New York City-based Eastern Consolidated represented the seller, and the buyer was represented by Eastern’s Martin Ezratty.
GONZALES, LA. — Construction has begun on developer MIE Properties-LA’s 32-acre, 200,000-square-foot Pelican Point Commerce Center, a business community located on Interstate 10 and Louisiana Highway 44 in Gonzales. The first 37,000-square-foot building will deliver this fall with subsequent groundbreakings to follow.
RICHMOND, VA. — RMS Airport Hotel, an affiliate of Sandhu Management & Investments, has purchased the 155-room Wyndham Richmond Airport from BRE/Richmond Airport, an affiliate of the New York City-based Blackstone Group, for $7.5 million. Tom Hamm and David Butchello of Sperry Van Ness represented both parties in the transaction. The hotel includes a bar and grill, an indoor pool and Jacuzzi and 7,000 square feet of office and banquet space. The buyers are planning a $3 million renovation.
CLEARWATER, FLA. — Pier Watch Properties has sold The Ulmerton, a 36,080-square-foot retail/industrial property located at 3899 Ulmerton Rd. in Clearwater, for $1.8 million. Elliott Ross of Clearwater-based Ross Realty Group represented the seller, and the unnamed buyer was represented by Arian Kushta of Charles Rutenberg Realty’s Clearwater office.
HOLIDAY, FLA. — A private buyer has purchased a 2,714-square-foot Popeye’s restaurant for $775,000. Located in Holiday on U.S. Highway 19, the restaurant was the last franchise in the portfolio of Deerfield, Ill.-based Southeastern Restaurant Properties. Michelle Seifert and Josh Tarkow of Grubb & Ellis|Commercial Florida represented the seller, and the buyer was represented by Florida Realty Centers.