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Part of Fla. shopping center sells for $58M; Minn. office asset trades for $48M


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Part of Fla. shopping center sells for $58M; Minn. office asset trades for $48M

This feature rounds up recent commercial property news and highlights larger deal coverage already published.

* Clarion Partners' 11930 Narcoossee Road LLC purchased 335,000 square feet of the 53-acre Lake Nona Landing shopping center on Narcoossee Road in Orlando, Fla., for $58 million, the Orlando Business Journal reported, citing property records.

* Felton Properties Inc. acquired the three-building, 15-story, 366,800-square-foot, 91%-leased Southpoint Office Center at 1600 82nd St. W. in Bloomington, Minn., near Minneapolis, for $47.8 million from an affiliate of Founder Properties, the Minneapolis/St. Paul Business Journal reported.

* Resource Real Estate Opportunity REIT Inc., through a subsidiary, acquired the 276-unit Courtney Meadows apartment community at the intersection of Interstate 295 and J Turner Butler Blvd. in Jacksonville, Fla., from Stonegate I LLC for $41.4 million, the Jacksonville Business Journal reported.

* Allied Properties REIT sold a portfolio of six properties in Quebec City, with gross leasable area of 224,174 square feet, for C$24 million. The portfolio was 60.8% leased as of Sept. 30.

* Fenway Capital Advisors purchased a two-story, 131,000-square-foot, 55% occupied office property in the Campus Commons area of Sacramento at 100 Howe Avenue for about $11.5 million from KBS Real Estate Investment Trust Inc., the Sacramento Business Journal reported.

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