REBusinessOnline

Southeast

KeyBank Provides $20.8M Freddie Mac Loan for Multifamily Property in Atlanta

ATLANTA — KeyBank Real Estate Capital has provided a $20.8 million Freddie Mac acquisition loan for Village on the Green, a 216-unit multifamily property located at 2975 Continental Colony Parkway in Atlanta. KeyBank’s Timothy Weldon and Irena Edwards structured the fixed-rate financing with a 10-year term, 30-year amortization schedule and five years of interest-only payments. Property amenities include a fitness center, resort-style pool, playground and a tennis court.

June 21, 2017

AEG to Develop Mixed-Use Entertainment District in Downtown Nashville

NASHVILLE, TENN. — AEG plans to develop a mixed-use entertainment district at Southwest Value Partner’s (SWVP) Nashville Yards in downtown Nashville. The Los Angeles-based sports and entertainment venue owner/operator purchased a four-acre parcel of land that will be anchored by a 4,000-capacity music venue, a flagship Regal Cinemas theater complex, a 600- to 700- capacity live entertainment club, an approximately 240-room boutique hotel and other entertainment, food and beverage options...

June 20, 2017

Carter Validus Acquires 995,728 SF American Cancer Society Building in Atlanta for $166M

ATLANTA — Carter Validus has acquired the 995,728-square-foot American Cancer Society Building in downtown Atlanta for $166 million. Cushman & Wakefield’s Stewart Calhoun, David Meline, Samir Idris and Andy Johns represented the seller, Atlanta-based Cousins Properties, in the transaction. Mike Ryan and Brian Linnihan of Cushman & Wakefield arranged acquisition financing. The American Cancer Society Inc., Digital Realty, InComm and the Georgia Lottery Corp. are among the tenants at the..

June 20, 2017

Trammell Crow, Meadow Partners Break Ground on 93,100 SF Medical Office Facility in Metro D.C.

NATIONAL HARBOR, MD. — Trammell Crow Co. and its partner, Meadow Partners, have broken ground on the Medical Pavilion at National Harbor, a 93,100-square-foot, Class A medical office building located at 251 National Harbor Blvd., roughly 11 miles south of Washington, D.C. The five-story building will be home to medical and clinical specialties, including dermatology, wellness and functional fitness, orthopedics, primary care and an ambulatory surgery center. Located within the master-planned..

June 20, 2017

Keystone Property Group Acquires Office Portfolio in Metro Miami for $36M

KENDALL, FLA. — Keystone Property Group has purchased Dadeland Towers South, a portfolio comprising two office buildings totaling 228,136 square feet and an on-site, 246,319-square-foot parking garage located at 9400-9500 S. Dadeland Blvd. in the Kendall submarket of Miami. Avison Young’s John Crotty and Michael Fay represented Keystone in the $36 million acquisition. Keystone simultaneously completed a 102,000-square-foot lease with the seller, AvMed Inc., a Florida-based health insurance..

June 20, 2017

Colliers International Brokers Sale of City Block in Historic Downtown Savannah

SAVANNAH, GA. — Colliers International has brokered the sale of a full city block in downtown Savannah, comprising two historic buildings and one shared parking lot located at 114 Barnard St., 104 W. State St. and 109-119 Whitaker St., for an undisclosed price. Ashley Smith, Rhett Mouchet and Tyler Mouchet of Colliers International’s Savannah office represented the undisclosed seller in the transaction. The U.S. Post Office, Roly Poly, Alligator Soul and various office spaces are among the..

June 20, 2017

Lerner Enterprises Secures $200M Financing for 17-Story Office Tower in Virginia

TYSONS, VA. — Lerner Enterprises has received $200 million in permanent financing for 1775 Tysons Boulevard, a 17-story office tower located in Tysons, Virginia. The developer, Lerner, delivered the property in late 2016. The 476,000-square-foot office tower is LEED Platinum certified, and features a state-of-the-art fitness center, conference center, café, indoor and outdoor social areas, and an onsite Fogo de Chão restaurant. Tenants at the property include EY, DXC Technology and..

June 20, 2017

CBRE Secures $35.5M in Financing for Mixed-Use Developments in Charleston

CHARLESTON, S.C. — CBRE has arranged $35.5 million in financing for Half Mile North and Pacific Box & Crate, two mixed-use projects on the Charleston peninsula. CBRE’s Jeff Ackemann and Porter McDonald arranged the permanent mortgage through Nationwide Real Estate Investments on behalf of the borrower, Raven Cliff Co. LLC. In 2016, the CBRE team secured a $35 million construction loan to recapitalize the Half Mile North Development and provide construction financing for the Pacific Box..

June 19, 2017

Cushman & Wakefield Negotiates $27M Sale of 506,000 SF Logistics Facility in Metro Miami

HIALEAH, FLA. — Cushman & Wakefield has arranged the $27 million sale of Miami International Logistics Center, a 506,000-square-foot warehouse and distribution facility located at 725 S.E. 9th Court in Hialeah. Dallas-based Lincoln Property Co. acquired the asset. Cushman & Wakefield’s Mike Davis, Rick Brugge, Michael Lerner, Wayne Ramoski, Gian Rodriguez, Robert Given and Troy Ballard represented the seller, Keating Resources, in the transaction. The building was 88 percent leased..

June 19, 2017

Finmarc Management Acquires 117,000 SF Shopping Center in Northern Virginia for $20M

MANASSAS, VA. — Finmarc Management Inc. has purchased Festival at Manassas, a 117,000-square-foot shopping center located at 10280-10388 Festival Lane in Manassas, from Katz Properties for $20 million. Bill Kent of CBRE represented Bethesda, Md.-based Finmarc Management in the transaction. The Global Food-anchored center was 97 percent leased at the time of sale. Potbelly Sandwich Works, CiCi’s Pizza, 360 Buffet, Nutritional Wellness Center and Furniture House are among the center’s other..

June 19, 2017