LEXINGTON, KY. — NAI Isaac has brokered the $1.8 million sale of a 33,000-square-foot industrial facility located at 1387 E. New Circle Road in Lexington. The undisclosed buyer plans to renovate and expanding the building. Al Isaac and Jamie Adams of NAI Isaac represented the seller, McLean Properties Inc., in the transaction. David Allen of The Gibson Co. represented the buyer.
HOUSTON — NAI Partners has represented Panattoni Development Co. in the sale of a 24,000-square-foot office/warehouse facility located on 10.6 acres to Eagle Fabricators Inc. The facility is located at 5522 Shirley Lane in Houston. John Ferruzzo and Clay Pritchett of NAI Partners represented Panattoni Development during the transaction negotiations.
SARASOTA, FLA. — Belle Amie Anthem Realty LLC has purchased the BMO Harris Bank Building, an 11-story, Class A office building in Sarasota, for $23 million. The 128,389-square-foot property is located at 240 S. Pineapple Ave. The building was 95 percent leased at the time of sale to tenants such as BMO Harris Bank, the Shumaker, Loop & Kendrick law firm, Kirk Pinkerton law firm and Brown & Brown Insurance. Michele Fuller of Ian Black Real Estate represented the buyer in the transaction. HFF and Jag Grewal, also with Ian Black Real Estate, represented the seller, 240 S. Pineapple Office-Sarasota LLC.
CANTON, GA. — South Coast Commercial has acquired Riverstone Mill, a 43,350-square-foot shopping center located in the Atlanta suburb of Canton, for $5.7 million. ALDI anchors the 87 percent occupied center, which was developed in 2002. Fred Victor of Transwestern represented the seller, Coro Realty Advisors LLC, in the transaction.
NEW YORK CITY — HFF has brokered the sale of an apartment building located at 333-335 Carroll St. in Brooklyn’s Carroll Gardens neighborhood. 333 Carroll Condominium LLC sold the newly redeveloped Class A building to an undisclosed buyer for $27.2 million. Built in 1931 as a warehouse loft building, the property was redeveloped into residences in 2014. The five-story property features 30 units in a mix of studio, one-, two- and three-bedroom units. Apartments feature open layouts, 10-foot ceilings, hardwood floors, reclaimed wood, walk-in closets, stainless steel appliances, open-island kitchens and oversized windows. On-site amenities include a rooftop deck, a fully-furnished lounge with TV and pool table, fitness center and below-grade parking. Andrew Scandalios, Jeff Julien and Rob Hinckley of HFF represented the seller in the deal.
NEW HAVEN, CONN. — Binswanger has arranged the sale of an industrial facility located on 2.5 acres at 83 Water St. in New Haven. Amerco Real Estate Co. acquired the 156,000-square-foot property from C. Cowles & Co. for $6 million. The buyer plans to develop the facility for a combination of self-storage and vehicle rentals under the U-Haul brand. The five-story building features more than 100 surface parking spaces, original wood flooring, exposed brick and stone, and large perimeter windows, which Amerco plans to preserve. Jim Panczykowski of Binswanger represented the seller in the transaction.
GREENWOOD, IND. — Four Springs Capital Trust has acquired a single tenant medical building in Greenwood, approximately 10 miles south of Indianapolis, for $8 million. BioLife Plasma Services operates the 16,694-square-foot building as a plasma collection facility. The seller in the transaction was undisclosed.
SOUTH BRUNSWICK, N.J. — Cushman & Wakefield has arranged the sale of an industrial property located at 51 Commerce Drive in South Brunswick. TIAA Global Asset Management purchased the 220,000-square-foot property from Ivy Equities for an undisclosed price. Situated on 14 acres, the property was fully occupied at the time of sale by Lenox, EDA International, Salesmaster Associates and Halsted Corp. Gary Gabriel, Andrew Merin, David Bernhaut, Brian Whitmer, Kyle Schmidt and Andrew MacDonald of Cushman & Wakefield represented the seller in the deal.
MILLSBORO, DEL. — NAI Emory Hills has arranged the sale of Back Bay Center, a retail center located in a grocery-anchored neighborhood center along Route 24 in Millsboro. Back Bay Center LLC acquired the 10,000-square-foot property from TBB Long Neck LLC for an undisclosed sum. Situated on 2.1 acres with a pad site for future development, the property is occupied by Subway, Liberty Tax and Loan till Payday. Jim O’Hara Jr., Jim O’Hara III and Kevin O’Hara of NAI Emory Hills brokered the sale.
DAVENPORT, FLA. — Monmouth Real Estate Investment Corp., a publicly traded equity REIT based in Freehold, N.J., has purchased a 310,922-square-foot, newly built industrial building located at 5000 N. Ridge Trail in Davenport, a suburb of Orlando. Monmouth purchased the property from an undisclosed seller for approximately $37.8 million. Situated on nearly 47 acres, the property is net-leased to FedEx Ground Packaging System Inc. for 15 years. The facility is located near I-4 and two Walmart fulfillment centers totaling more than 2.3 million square feet.