LAWRENCEVILLE, GA. — Atlanta-based Carroll Organization has purchased the 222-unit Carrington Place Apartments, located at 156 Bethesda Church Rd. in Lawrenceville, from Atlanta-based Davis Development for an undisclosed price. Colliers International represented the seller in the transaction.
Multifamily
CHARLESTON, S.C. — Chaleston-based One Eleven Partners has brokered the sale of the 200-unit Ashley Crossing Apartments, located at 2235 Ashley Crossing Dr. in Charleston. Chris Yeagle of One Eleven represented the seller, GS Ashley Crossing, in the transaction.
NEW YORK CITY — The 42-unit The Kingsland, located at 838 Riverside Dr. in New York City's Washington Heights neighborhood, has been sold for $9.4 million. The property spans 56,190 square feet and features new gas lines and a rubber roof. Robert Shapiro of New York City-based Massey Knakal represented the undisclosed seller in the transaction.
ROCKLAND COUNTY, N.Y. — Marcus & Millichap has arranged $17 million in construction financing for a 110-unit luxury multifamily property, located in Rockland County. Steven Rock of Marcus & Millichap's Manhattan office arranged the loan.
MELBOURNE, FLA. — CB Richard Ellis has negotiated the $17.34 million sale of the 378-unit the Harbours, located at 1032 Hidden Harbour Dr. in Melbourne. The Harbours contains two properties, Harbour and Hidden Harbour, both of which were 93 percent occupied at closing. Shelton Granade and Luke Wichkham of CB Richard Ellis' Orlando, Fla., office represented the seller, AIMCO, in the transaction. White Eagle Investment was the buyer.
WASHINGTON, D.C. — Donatelli Development has sold the 190-unit The Ellington Apartments, located at 1301 U St. NW. in Washington, D.C., to TIAA-CREF for $100 million. The seven-story apartment building also has 17,000 square feet of retail space on the ground floor, which is leased to six tenants. Donald B. Tennant, Jr., of NorthMarq's Bethesda, Md., office represented the seller in the transaction. Ed McEnery and Doug Smith of Deepwater Advisors represented the buyer.
ARLINGTON, VA. —Deutsche Bank Berkshire Mortgage has secured $49.5 million in acquisition financing for the 217-unit Twenty400, a multifamily property located at 2400 24th St. S. in Arlington, on behalf of the borrower, a joint venture between UDR and Kuwait Finance House. The 5-year, interest only loan was arranged through Fannie Mae.
GROVERPORT, OHIO — Chicago-based October Investments Properties has purchased the 126-site Greenfield Estates Manufactured Home Community, located at 5215 Groveport Rd. in Groveport, for an undisclosed price. Todd Fletcher of ARA's Denver office along with Andrew Shih of ARA's Austin, Texas, office represented the seller, a special servicer, in the transaction.
NEW YORK CITY — New York City-based Massey Knakal has brokered the $4.51 million sale of a 20-unit apartment building located at 147 E. 30th St. in New York City's Murray Hill neighborhood. The five-story property spans 10,070 square feet. John Ciraulo, Robert Knakal, Jonathan Hageman and Michael Azarian exclusively handled the transaction.
NEW YORK CITY — GFI Realty Services has arranged the $4.5 million purchase of a 9,975-square-foot loft building, located at 279 Church St. in New York City's Tribeca neighborhood. Shane Barbanel of GFI Realty's New York City office represented both parties in the transaction.