A family company started by the founder of Central Parking System paid $19.9 million for 1.7 acres on Marietta Street across from Centennial Olympic Park.

Stuart McNeil of Carell Family LLC in Nashville said there are no immediate plans to develop the prime location, which is now parking. The Georgia Aquarium and the World of Coke are both within walking distance, as is a possible site for the future Center for Civil and Human Rights.

The seller was Central Parking, which Monroe Carell founded in 1967. Private equity firms bought the company last year. Carell has used much of his wealth for philanthropic purposes, including funding the Monroe Carell Jr. Children's Hospital at Vanderbilt University.

CHANGING DUTIES

Lavista Associates is now handling leasing of the Satellite Place office complex in Duluth, across from Gwinnett Place mall.

Strategic Real Estate Advisors of Miami and London owns the four buildings, which total 548,289 square feet. Carter is the asset manager.

Rob Binion, Tom Davenport and Heather Lamb of Lavista Associates will market the available space.

TRANSACTIONS

The Mayfair Royal office building near the Mayfair Tower and Mayfair Renaissance condominium buildings on 14th Street sold for $5.25 million, Databank says.

That works out to $163 a square foot. The big condo company Crescent Heights sold the building to Jackson Oats Shaw Corporate Real Estate of Atlanta, according to Databank.

> Transwestern has sold four metro area apartment complexes worth $40 million.

The properties are Waldan Pond in Acworth, Waldan Chase in Woodstock, Barrington Lane in Marietta and Quail Creek in College Park. They comprise more than 800 units.

Transwestern's Mike McGaughy and Jon Kleinberg handled the sales.

ON THE MARKET

Two small apartment complexes close to Virginia-Highland's trendy shops and restaurants are on the market.

The 10-unit Greenwood Avenue Apartments are priced at $875,000. The property is between North Highland Avenue and Frederica Street.

The nine-unit St. Charles Apartments are a block away and priced at $765,000. Both offerings work out to $85,000 a unit.

Vaughan Simmons of Atlanta Apartment Brokers is handling the sales.

TODAY'S BIG NUMBER: $275.3

In millions, what Wells Real Estate Funds paid for the Lenox Park office buildings, which AT&T owned.

Source: Databank

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