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Sales/acquisitions

July 4, 2011

-Neff Rentals bought the 88-unit Towne View apartments at 5 Crosby Road, Mooresville. The property was listed for $3.5 million. The sale price wasn’t disclosed. The buyer and seller, Boston Capital, were represented by Tikijian Associates. The buyer plans to gradually convert the affordable housing into market-rent apartments.

-ARL SC LLC bought Arlington Square, a 56,606-square-foot retail center at 1107 N. Arlington Ave. The price wasn’t disclosed. The buyer and seller, The State Bank and Trust, were represented by Tracey Holtzman of Midland Atlantic.

-Crown Liquors bought a seven-tenths-of-an-acre outlot at Southport Square 4015 E. Southport Road. The price wasn’t disclosed. The seller, Southport Road Development LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates. The buyer represented itself.

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