REBusinessOnline

Weiss Realty Arranges 47,000 SF Industrial Relocation for T-Shirt Company in Miami

MIAMI — Weiss Realty has arranged the relocation of Hard Ten Tree Shirt Cos.’ production operations from Brooklyn, N.Y., to Miami. The one-story industrial building is located at 3360 N.W. 110th St. Jaime Weiss of Weiss Realty, along with Fred Meyer of NAI Mertz and Mike Waite of The Easton Group, arranged the 10-year, 47,000-square-foot lease on behalf of Hard Ten. Edison Vasquez of Com-Real Miami-Doral represented the landlord, Calico 2017 LLC. The T-shirt company will move into the new …

Telecommunications Consulting Firm to Invest $52M to Build Data Center in Virginia Beach

VIRGINIA BEACH, VA. — Vint Hill, Va.-based Assured Communications Advisors International (ACA International) will invest $52 million to build a 130,000-square-foot data center in Virginia Beach. The telecommunications consulting firm will build the new facility on a 10.2-acre site within Corporate Landing Business Park, a 325-acre, publicly developed business park owned by the Virginia Beach Economic Development Authority. The new facility will house ACA International’s new corporate …

Goodyear, Bridgestone Form Joint Venture, Choose Atlanta for New Headquarters

ATLANTA — Akron, Ohio-based The Goodyear Tire & Rubber Co. and Nashville-based Bridgestone Americas Inc. have formed a tire distribution joint venture and will locate the newly created company’s headquarters in Atlanta. TireHub LLC will provide U.S tire dealers and retailers with a range of passenger and light truck tires, with an emphasis on distributing larger rim diameter premium tires. TireHub will lease 30,000 square feet at One Ravinia in Atlanta’s Central Perimeter submarket …

Berkeley Point Capital Provides $19.7M Freddie Mac Loan for Apartment Community in Sarasota

SARASOTA, FLA. — Berkeley Point Capital (BPC) has provided a $19.7 million Freddie Mac loan for the refinancing of Beneva Place, a 192-unit apartment community in Sarasota. Brian Kochan of BPC originated the fixed-rate loan through Freddie Mac’s Green Up program on behalf of the undisclosed borrower. In order to qualify for the program, the borrower will upgrade a number of water fixtures throughout the property, promoting lower consumption and energy bills for tenants. Beneva Place …

Time Equities Acquires Shopping Center in Eastern Tennessee for $13.9M

SEVIERVILLE, TENN. — Time Equities Inc. (TEI) has acquired Governor’s Crossing, a 140,568-square-foot shopping center in Sevierville, for $13.9 million. The center is located 24 miles southeast of downtown Knoxville. Kyle Stonis and Pierce Mayson of SRS’ Investment Properties Group arranged the transaction on behalf of the seller, RCG Ventures Sevierville SPE LLC. Ami Ziff and Adam Levitt represented Time Equities internally in the deal. Governor’s Crossing is home to tenants such as …

Ziff Properties to Convert Building Near Knoxville into 65,000 SF Self-Storage Facility

FARRAGUT, TENN. — Ziff Properties Inc. has acquired the former U.S. Golf & Tennis Center in Farragut with plans to convert the building into a 65,000-square-foot self-storage facility. The building is located on six acres, roughly 17 miles west of Knoxville. ExtraSpace Storage will manage the facility, which will include climate- and non-climate-controlled units. A construction timeline was not

InterFace Healthcare Real Estate Carolinas Coming May 31st in Charlotte

If you own, invest in, develop, operate, broker or finance healthcare and medical office real estate in North or South Carolina you need to be InterFace Healthcare Real Estate Carolinas! InterFace will once again bring together the leading hospitals and healthcare systems in the Carolinas, along with healthcare and medical office real estate owners, operators, investors, developers, brokers and lenders, to a unique, highly focused event combining four panel sessions along with a networking …

InterFace Carolinas Coming May 31st in Charlotte

Southeast Real Estate Business and Shopping Center Business magazines along with France Media's InterFace Conference Group are proud to produce the 9th annual InterFace Carolinas information and networking conference on May 31st at the Hilton Charlotte Center City. Last year's event attracted nearly 300 attendees and we expect an even larger crowd of office, industrial, multifamily and retail property owners, investors, developers, brokers and lenders this year for what has become a …

John Williams, Prominent Atlanta Apartment Developer and Founder of Post Properties, Dies at 75

ATLANTA — Renowned Atlanta apartment developer John A. Williams died Monday, April 16 at the age of 75. Williams founded Post Properties in 1970 and took the company public in 1993. When he resigned as chairman in 2003, the company had roughly 30,000 apartment units in its portfolio. In 2016, Memphis-based Mid-America Apartment Communities (MAA) acquired Post in a deal valued at nearly $4 billion. Life After Post Preferred Apartment Communities Inc., (PAC) the company Williams founded …

Jefferson, Camden Property Trust to Develop $100M Multifamily Community in Downtown Orlando

ORLANDO, FLA. — McLean, Va.-based Jefferson Apartment Group, in partnership with Houston-based Camden Property Trust, has unveiled plans to co-develop 520 East, a $100 million multifamily community in downtown Orlando. The 364-unit tower will be situated at the southwest corner of East Church Street and South Eola Drive, a sister property to Jefferson’s 299-unit 420 East community that was completed last year. 520 East will include 7,000 square feet of ground floor retail, 12 …