Property Type

Grandbridge Real Estate Capital Arranges Two Loans Totaling $43.6M for Apartment Communities in Metro Atlanta

by John Nelson March 14, 2016

LITHIA SPRINGS AND MARIETTA, GA. — Grandbridge Real Estate Capital, a subsidiary of BB&T, has closed two loans totaling $43.6 million for two apartment communities in the Atlanta suburbs of Lithia Springs and Marietta. Alan Tapie of Grandbridge arranged both loans through Freddie Mac’s CME (capital markets execution) program. Both loans feature initial periods of interest-only payments, 10-year loan terms and 30-year amortization schedules. The loans include a $20.8 million first mortgage for the 312-unit Brodick Hill Apartments in Lithia Springs and a $22.8 million acquisition loan for the 344-unit Ivy Commons Apartments in Marietta.

March 14, 2016

Retail Southeast Tennessee

CBL & Associates to Begin Multi-Million Dollar Renovation of CoolSprings Galleria in Metro Nashville

by John Nelson March 14, 2016

FRANKLIN, TENN. — CBL & Associates Properties Inc. is set to begin the multi-million dollar renovation of CoolSprings Galleria, a more than 1 million-square-foot super-regional mall located in the Nashville suburb of Franklin. The mall’s department store anchors include Belk Men’s and Kids, Belk Women’s and Home, Dillard’s, JC Penney and Macy’s. Other retailers at the mall include Apple, Build-A-Bear Workshop, Chick-fil-A, Taco Bell/Pizza Hut, Pottery Barn, Williams-Sonoma, J. Crew and Starbucks. The renovation will include enhancements to the interior and exterior of the property, including a fresh color palette of grays, whites and hints of blue; new stone work and lighting around four entrances; the addition of seating areas; updated restrooms; and interior lighting and flooring upgrades. Work at CoolSprings Galleria is set to begin in early March with an anticipated completion in mid-October.

March 14, 2016

The Streets of Indian Lake Hendersonville

Retail Southeast Tennessee

U.S. Properties Group Acquires Lifestyle Shopping Center in Metro Nashville

by John Nelson March 14, 2016

HENDERSONVILLE, TENN. — U.S. Properties Group (USPG) has acquired The Streets of Indian Lake, a 249,121 square-foot lifestyle shopping center in Hendersonville, roughly 18 miles northeast of Nashville. The retail center is located at Indian Lake and Vietnam Veterans boulevards. The center’s tenant roster includes Regal Cinema, Victoria’s Secret, LOFT, Rack Room Shoes, Yankee Candle, New York & Co., Sunglass Hut, Gymboree, Glowgolf, Charming Charlie, Bath & Body Works, Barnes & Noble and Buffalo Wild Wings. Chris Decoufle of CBRE’s Atlanta office brokered the transaction. USPG has acquired and improved value-add shopping center assets since 2002. The company owns approximately 4 million square feet and redevelops shopping centers in 11 states covering the Midwest and Southeast, including Alabama, Georgia, Illinois, Michigan, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

March 14, 2016

Alabama Multifamily Southeast

Berkadia Brokers $15.2M Sale of Apartment Community in Huntsville

by John Nelson March 14, 2016

HUNTSVILLE, ALA. — Berkadia has brokered the $15.2 million sale of Stone Crossing, a 276-unit apartment community located in Huntsville. Built in 1986 and renovated in 2009, the two-story, garden-style apartment community has an average unit size of 733 square feet. An entity known as Stone Crossing 2014 LLC purchased the asset from Engel Stone Crossing LLC. David Oakley and David Etichison of Berkadia represented the seller in the transaction.

March 14, 2016

Office Depot 101 S. State Road 7 Royal Palm Beach

Florida Retail Southeast

Continental Realty Sells Retail Center in Florida for $7.5M

by John Nelson March 14, 2016

ROYAL PALM BEACH, FLA. — Baltimore-based Continental Realty Corp. has sold a 30,500-square-foot retail center located at 101 S. State Road 7 in Royal Palm Beach for $7.5 million. The property was fully leased at the time of sale to Office Depot and Mattress Firm. Uriel Investments LLC purchased the property from the seller’s investment fund, CRC Fund III. David Donnellan and Mark Drazek of CBRE represented Continental Realty in the transaction. Alexandra Escudero of Fortune International Realty represented the buyer.

March 14, 2016

California Retail Western

Gerrity Group Acquires Fallbrook Mercantile Center Near San Diego for $23.6M

by Nellie Day March 14, 2016

FALLBROOK, CALIF. — Gerrity Group has acquired Fallbrook Mercantile Center, a 70,410-square-foot grocery-anchored shopping center located in the San Diego-area community of Fallbrook, for $23.6 million. Major Market Grocery Store anchors the center, which is 97 percent occupied by tenants including Anytime Fitness, Sherwin Williams, Burger King, Jersey Mike’s Subs, Fantastic Sam’s and Denny’s. Gleb Lvovich and CJ Osbrink of HFF represented the seller, Tourmaline Capital, in the transaction.

March 14, 2016

Multifamily Seniors Housing Washington Western

Archdiocese of Seattle Partners on New Seniors Community

by Nellie Day March 14, 2016

SEATTLE — Columbia Pacific Advisors is entering into a long-term ground lease with the Archdiocese of Seattle and St. James Cathedral to build a 237-unit, 24-story senior housing community in Seattle’s First Hill neighborhood. The community, on a half block of Archdiocese-owned land at 620 Terry Ave., will offer independent living, assisted living and memory care. Columbia Pacific Advisors expects to start construction on the senior living project in 2017, and the project is scheduled to open in 2019. Columbia Pacific Advisors is a real estate investment firm based in Seattle.

March 14, 2016

Nevada Retail Western

Wahlburgers Signs Development Deals in California, Las Vegas

by Nellie Day March 14, 2016

LAS VEGAS — Wahlburgers, a better burger restaurant founded by Chef Paul Wahlberg with celebrity brothers Mark and Donnie, has signed deals with five new franchise groups. The new deals will allow the chain to open more than 30 stores in several major metro markets, including in California and Las Vegas. Since its 2011 debut in Hingham, Mass., Wahlburgers has expanded steadily. To date, 12 area development deals, including in two airports, are in place, committing franchise groups to a total of 118 Wahlburgers locations over the next several years. Eight locations are planned for the Bay Area of California, and a 15-store agreement was signed for the Los Angeles area.

March 14, 2016

California Multifamily Seniors Housing Western

JCH Arranges $10.9M Sale of Three-Property Skilled Nursing Portfolio in California

by Nellie Day March 14, 2016

PASADENA, CALIF. — JCH Senior Housing Group, a brokerage based in California, has arranged the sale of three skilled nursing facilities in Pasadena for $10.9 million. The properties were Pasadena Residential Care Center (136 beds), Castle View Retirement Estate (40 beds) and Garfield Care Center (60 beds). SYTR bought the portfolio out of bankruptcy from 1415 Garfield LLC, 1425 Garfield LLC and 1435 Garfield LLC. Shep Roylance led the JCH team on the transaction.

March 14, 2016

California Retail Western

Colliers Retail Foresight Negotiates 2,400 SF Retail Lease in Downey

by Nellie Day March 14, 2016

DOWNEY, CALIF. — Colliers Retail Foresight has arranged the lease of 2,400 square feet of retail space at The Marketplace at Gallatin Road in Downey. Lindora, a weight loss and wellness clinic, will occupy the space at the 66,000-square-foot neighborhood shopping center. James Rodriguez and Michael Bohorquez of Colliers Retail Foresight represented the undisclosed landlord in the transaction.

March 14, 2016

Newer Posts

Older Posts