February 19, 2010
360-UNIT ORLANDO APARTMENT COMPLEX SOLD
ORLANDO, FLA. — Shelton Granade and Luke Wickham of CB Richard Ellis' Orlando office represented a private seller in the sale of the 360-unit Waterways apartment complex to an undisclosed buyer. The sales price was not released. The Orlando property was built in 1988 and is currently 76 percent occupied.
COLUMBIA SHOPPING CENTER TRADES FOR $4.42 MILLION
Marcus & Millichap has brokered the sale of Midtown at Forest Acres in Columbia, S.C. COLUMBIA, S.C. — Midtown at Forest Acres, a 695,000-square-foot enclosed shopping mall located in Columbia, has been sold. The  lender-owned mall traded for $4.42 million, or $6.37 per square foot. Occupancy at the center, which is situated at 3400 Forest Drive, is currently 48 percent. Anchors include Belk, Parisian, Dillard's, Barnes & Noble, Regal Cinemas and TGI Friday's. Bill Kohlhepp of the Fort Lauderdale, Fla., office of Marcus & Millichap and Bill Buford, Jr., of the firm's Clinton, S.C., office represented the seller, Richland Joint Venture Group LLC. Columbia-based R. Leon Jones Realty represented the undisclosed buyer.
MANUFACTURING FACILITY SOLD IN THOMASTON, GA.
THOMASTON, GA. — Diamond Alternative Energy has purchased a 41,000-square-foot manufacturing facility from a private buyer for an undisclosed amount. Located in the Thomaston-Upson County Industrial Park at 300 McIntosh Parkway in Thomaston, the property will be used as a bio-fuel manufacturing plant. James L. Jackson of Macon, Ga.-based Jackson & Jackson represented the seller.
FIRM BUYS FLORIDA MEDICAL OFFICE FOR $3.4 MILLION
ALTAMONTE SPRINGS, FLA. — Physicians Associates has purchased a 24,102-square-foot office from an undisclosed seller for $3.4 million. The property is located at 235 N. Westmonte Drive in Altamonte Springs. Jason Bantel of Realty Capital represented the buyer. The firm's Austin Caruso, Quentin Caruso and Brian Caruso represented the seller.