February 26, 2010
VISTA ON COURTHOUSE COMPLEX SOLD FOR $85 MILLION
ARLINGTON, VA. — Chicago-based Equity Residential has purchased the 220-unit Vista on Courthouse multifamily complex from Sunburst Hospitality for $85 million. The high-rise rental property is located in Arlington and was completed last year. Mark Anstine and Dan Lockard of Fraser Forbes Real Estate Services represented the buyer.
LOUISIANA WALGREENS SOLD FOR $4.94 MILLION
RUSTON, LA. — Stan Johnson Co. has brokered the $4.94 million sale of a 14,550-square-foot Walgreens in Ruston between two private parties. The property, which sits on 1.6 acres, is fully leased to the retailer. Gill Warner of Stan Johnson Co. represented the seller. The firm's Rod Pickney and Chad Byerly represented the buyer.
CIGNA RENEWS 94,822 SQUARE FEET IN ATLANTA OFFICE
ATLANTA — CIGNA has signed a 2-year lease extension with SDG Value Fund 1 for the 94,822-square-foot Metro Exchange Building in Nashville. The property is located in the 850-acre Metro Center mixed-use office park. CIGNA has been in the facility for more than 10 years. CB Richard Ellis' Harrison Johnson represented the tenant in the $3.55 million transaction.