July 30, 2010
FIVE SOUTHEAST HOTELS SOLD FOR $24 MILLION
CAROLINAS AND FLORIDA — Inland American Lodging Advisor has sold five limited-service hotels to private buyers for more than $24 million. The portfolio includes the Comfort Inn Riverview in Charleston, S.C.; the Comfort Inn University and the Comfort Inn Medical Park in Durham, N.C.; the Hampton Inn Crabtree Valley in Raleigh, N.C.; and a Comfort Suites in Orlando, Fla. CB Richard Ellis' Hotels Group brokered the sale.
FIRM TO BUY GREENVILLE HEALTH CARE PROPERTY FOR $16 MILLION
GREENVILLE, N.C. — Cogdell Spencer ERDMAN plans to purchase the 72,000-square-foot St. Francis Outpatient Center from a private seller for $16 million. The property, which is fully leased to St. Francis Hospital, is located near Easley Bridge Road in Greenville. The property opened in 2001.
COMPANY BUYS VIRGINIA PROPERTY, PLANS CONDO CONVERSION
RICHMOND, VA. — Stella360 has purchased a commercial building from Rhino Enterprises for $1.5 million and plans to convert the structure into apartments. The property, which is located at 310 Stockton St. in Richmond, will include 33 units and space for a 19,000-square-foot tenant. Thalhimer's John Myers and Gregg Beck brokered the sale.