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ATLANTA AND COLLEGE PARK, GA. — Houston-based Boxer Property has acquired two Atlanta-area office buildings. The first is Meridian, a 97,000-square-foot property located at 1995 N. Park Place in Atlanta. The second is Waterstone, a 93,000-square-foot property located at 4751 Best Road in College Park. The seller’s name and the acquisition price were not released. With this purchase, Boxer’s Atlanta portfolio now includes five buildings totaling more than 841,000 square feet of space.
AEW CAPITAL PURCHASES HAVEN AT ODENTON GATEWAY
Haven at Odenton Gateway
ODENTON, MD. — AEW Capital Management has acquired a Maryland apartment community from South Carolina-based Johnson Development Associates. The recently constructed Haven at Odenton Gateway is located at 615 Carlton Otto Lane in Odenton. The property contains 252 one-, two- and three-bedroom units averaging 1,031 square feet each. Property amenities include a resort-style saltwater pool, with a cabana, fitness center, private theater room, conference room, clubhouse, dog run, and car care center. The Holliday Fenoglio Fowler team of David Nachison, Alan Davis and Brenden Flood represented the seller in the deal. The acquisition price was not disclosed.
HISTORIC KEENAN BUILDING SELLS IN DOWNTOWN COLUMBIA
COLUMBIA, S.C. — Patel, Lewis, Pournaras LLC has acquired downtown Columbia's iconic Keenan Building, a 121,682-square-foot office property. The building is located in Columbia's central business district at 1310 Lady St. The purchasing partnership is planning a $5 million historic restoration of the property with the goal of bringing back the original 1930s and 1950s facade. The seller was Keenan Building Partnership. Neel Keenan and Henry Moore with Colliers International represented the buyer in the transaction. Patel, Lewis, Pournaras has also retained Colliers International as the leasing agent for the building.
CORTLAND PARTNERS BUYS $22.5 MILLION APARTMENT COMMUNITY
JACKSONVILLE, FLA. — Cortland Partners has purchased a Jacksonville apartment community for $22.5 million. Reserve at Deerwood contains 226 units and is situated adjacent to AQUA Deerwood, a 391-unit community Cortland acquired in 2012. In the near term, Cortland plans to renovate and upgrade the property and incorporate it into the AQUA Deerwood community. Berkadia Commercial Mortgage and Ares Commercial Real Estate Corp. helped arrange acquisition financing for the deal. The seller’s name was not released.
MARCUS & MILLICHAP COMPLETES $4.35 MILLION NET LEASE SALE
North Miami Ale House
NORTH MIAMI BEACH, FLA. — Marcus & Millichap has completed the sale of North Miami Beach Ale House for $4.35 million. The 8,999-square-foot restaurant is located at 3227 NE 163rd St. North Miami Ale House has been open for 14 years and currently has 12 years remaining on a triple-net lease, which also includes two five-year options. Adam Tiktin and Michael Biama of Marcus & Millichap’s Miami office represented the seller, a private investor from Boca Raton, as well as the buyer, a private investor from Aventura.