MIAMI— Equity One and Global Retail Investors have acquired Airpark Plaza, a 172,093-square-foot shopping center in Miami, from Airpark Plaza Ltd., for $37 million. The center is situated on 12 acres at the northwest corner of Red Road and NW 7th Avenue, near the Miami International Airport. Anchor tenants include Publix, Home Depot Expo and Office Depot. The center was 98 percent leased at the time of sale. The seller was represented by The Courtelis Company, and the buyers represented themselves in-house.
Southeast
ATLANTA— Denver-based Simpson Housing Group has acquired the Westchester at Buckhead, a Class A, luxury multifamily community in Atlanta, from Denver-based Ameriton Properties, for an undisclosed price. The property is comprised of two mid-rise buildings and features one-, two- and three-bedroom units, ranging from 643 to 1,516 square feet. Additional amenities include a fitness center, two swimming pools, media room and cyber café. Derrick Bloom, Sean Henry and John Weber of Apartment Realty Advisors’ Atlanta office were the sole brokers. The property was 60 percent occupied at the time of sale.
FORT LAUDERDALE AND WESTON, FLA.— West Palm Beach, Fla.-based NAI/Merin Hunter Codman has arranged the sales of the Port Royale Financial Center and a two-building office portfolio in Fort Lauderdale and Weston. A private investment group acquired Port Royale Financial Center, a 52,189-square-foot office building, from Port Royale Associates, for $13 million. The property is anchored by BB&T Bank and was 96 percent leased at the time of sale. Neil Merin of NAI/Merin Hunter Codman represented the buyer. Tom Brymer of Miami-based Brymer Realty represented the seller. The building is located at 6550 N Federal Way. Boston-based Realty Associates Advisors purchased a two-building office portfolio, totaling 54,633 square feet, from 1040 Weston Road LLC and 1625 N Commerce Parkway LLC, for $15.3 million. Tenants of the buildings include Colonial Bank and Washington Mutual. Neil Merin was the sole broker. The building was 97 percent occupied at the time of sale.
SIMPSONVILLE, S.C. — Ford Borders and Grice Hunt of Greenville, S.C.-based NAI Earle Furman have arranged the sale of two industrial buildings on behalf of the buyer, Bridgeport Properties Harrison, in Simpsonville. The buildings total 410,503 square feet and are located at 101-103 Harrison Bridge Rd.
NEW ORLEANS — New Orleans-based Downtown Development Group (DDG) has purchased UNO Technology Enterprises, a 124,000-square-foot, 14-story office building in New Orleans, from the University of New Orleans Foundation, for $3.6 million. DDG will redevelop the site into The Canal Medical and Technology Center, a $16 million private, Class A medical and technology office building that will start construction in April and is slated for completion in August. The project is located at 1600 Canal St., next to the new Tulane Medical Center building, and will include lobby floor retail space, a restaurant, rooftop dining cabana, concierge services and a bank. Miami-based Imbruglia Construction is the general contractor, and New Orleans-based Steven Finegan Architects is designing the project. Skip Weber of New Orleans-based Latter & Blum Realtors represented the buyer, and Brian Rourke of Latter & Blum represented the seller in the transaction.
WILSON, N.C. — Newport News, Va.-based UVAA Hospitality has acquired an 80-room Best Western in Wilson from Wilson-based La Sammana Investment, for an undisclosed amount. Tom Sommer of the Mumford Company’s Chicago office represented the seller, and Justin Pinkard of Mumford’s Newport News, Va., office represented the buyer.
ORLANDO, FLA. — Susan Ruby and Lee Morris of Cushman & Wakefield’s Orlando office have represented the landlord, Dividend Capital, in the lease of 148,287 square feet of warehouse space to Dal-Tile Corp, a subsidiary of Calhoun, Ga.-based Mohawk Industries. The warehouse is located at 1800 Cypress Lake Dr.
MIAMI— Bala-Cynwyd, Pa.-based Keystone Property Group and Coral Gables, Fla.-based Colliers Abood Wood Fay have acquired Dadeland Towers North, a 244,176-square-foot, three-building suburban campus-style office complex in Miami, from Boston-based Cabot Investment Properties, for $41 million. The complex is situated on 4.6 acres, west of Highway 1, and includes a 150,497-square foot, 8-story building; a 80,983-square foot, 7-story building; and a 12,696-square-foot, two-story building. Major tenants include Burger King; Independent Purchasing Corp.; City College; and Quintairos, McCumber, Prieto & Wood law firm. Christian Lee, Charles Foschini and Christopher Apone of CB Richard Ellis’ Miami-Downtown office represented the seller. The buyers were represented in-house.
SLIDELL, LA. — New Orleans-based Downtown Development Group and Calif.-based OceanView Development are planning Century Park, a $20 million, 62,000-square-foot Class A office and retail complex in Slidell. The project is situated on 2.4 acres along the Interstate 10 service road and Fremeaux Interchange at Highway 190. Construction of the LEED-certified buildings will begin this summer and be completed in three phases: Phase 1 features a 12,000-square-foot two-story office building, which will be completed this winter; Phase 2 includes a 14,000-square-foot one-story retail center featuring restaurants retail and banking; and Phase 3 features a 36,000-square-foot office building. New Orleans-based Steven J. Finegan Architects designed the project.
STATESBORO, GA. — Chattanooga, Tenn.-based CBL & Associates and Atlanta-based Ewing Southeast Realty are breaking ground on Statesboro Crossing, a 162,000-square-foot, 50-acre community center in Statesboro. The shopping center will be anchored by T.J. Maxx, Hobby Lobby, Books-A-Million and Petco, and also feature more than 38,000 square feet of specialty stores including Rack Room Shoes. The project is located at the southwest corner of Brannen Street Extension and Veteran’s Memorial Parkway, and is expected to deliver this fall.