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LoansOfficeTexas

HFF Secures Refinancing for Three Dallas Market Center Buildings

by Haisten Willis

DALLAS — HFF has secured financing for three buildings totaling 3.3 million square feet in the Dallas Market Center. HFF worked on behalf of Crow Holdings to secure the loan for the World Trade Center and Dallas Trade Mart through Goldman Sachs Mortgage Co., and the financing for the International Trade Plaza through Commercial Bank. Composed of the World Trade Center, Dallas Trade Mart, International Trade Plaza and Market Hall, the 110-acre Dallas Market Center (DMC) is the largest wholesale market center in the world, totaling more than 5.5 million square feet. More than 1,200 tenants in categories including women’s, men’s and children’s fashion and accessories, jewelry, lighting, rugs, home accents and toys rent space in the DMC buildings. The buildings are located at 2000, 2050 and 2100 Stemmons Freeway (Interstate 35) in northwestern Dallas close to Dallas-Love Field airport. Market Hall is not included in the financing. Jody Thornton, Andy Scott, Jim Curtin and Gay Thomas led the HFF debt placement team representing the borrower.

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ArizonaOfficeWestern

Dunbar Purchases Arrowhead Business Center in Glendale for $5.6M

by Nellie Day

GLENDALE, ARIZ. – Dunbar Real Estate Investment Management has purchased Arrowhead Business Center, a 43,915-square-foot office campus in Glendale, for $7 million. The three-building campus is located at 7025, 7055 and 7075 West Bell Road. It was 88.9 percent occupied at closing. Dunbar purchased the asset through its investment advisor AEGON USA Realty Advisors LLC. The seller, Warranty of America, was represented by DTZ’s Bob Buckley, Tracy Cartledge, Steve Lindley and Ben Geelan.

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ColoradoRetailWestern

Good Times Burgers & Frozen Custard Completes Sale-Leaseback in Centennial

by Nellie Day

CENTENNIAL, COLO. – Good Times Burgers & Frozen Custard has completed a sale-leaseback in Centennial. The restaurant is located at 14505 East Arapahoe Road. The asset was purchased by a local individual investor. The seller, Good Times Drive Thru, entered into a new long-term, triple-net lease at closing. Good Times was represented by Drew Isaac of Marcus & Millichap’s Denver office.

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CaliforniaOfficeWestern

LoanDepot Expands in Orange County

by Nellie Day

IRVINE, CALIF. – LoanDepot has doubled the size of its largest online direct-lending production center in Orange County. The consumer lender increased its space from 131,267 square feet to 238,732 square feet. It now maintains a total of 885,162 square feet of office space nationwide. The company has direct-lending production centers in Plano, Texas, Brentwood, Tenn., and Scottsdale, Ariz. The company also plans to hire an additional 1,000 employees.

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CaliforniaOfficeWestern

Kinetic Content Leases 57,000 SF of Office Space in Los Angeles

by Nellie Day

LOS ANGELES – Kinetic Content has leased 57,000 square feet of creative office space in Los Angeles. The television production company leased 37,000 square feet at 11755 Wilshire Blvd. It will be expanding at this property. The second new lease includes 20,000 square feet just down the street at 12100 Wilshire Blvd. Kinetic Content was represented by Jacob Bobek and Jeff Vertun of Avison Young. CBRE represented the landlord, CalSTRS, in the first lease transaction. The second landlord, Hines, represented itself.

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Coves at Chesapeake Glen Burnie
MarylandMultifamilySoutheast

Transwestern Brokers $76.3M Sale of Townhome Community in Glen Burnie

by John Nelson

GLEN BURNIE, MD. — Transwestern has brokered the $76.3 million sale of The Coves at Chesapeake, a 469-unit townhome community in Glen Burnie, a city in the Washington-Baltimore corridor. Dean Sigmon and Robin Williams led Transwestern’s Mid-Atlantic Multifamily Group in representing both the buyer, Sage Management LLC, and the seller, Home Properties LP, in the transaction. This is the group’s third sale brokered in Anne Arundel County in the past nine months.

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Murano at Grande Lakes Orlando
FloridaMultifamilySoutheast

Courtelis, Kislak, HMG/Courtland to Break Ground on $33.6M Apartment Community in Orlando

by John Nelson

ORLANDO, FLA. — The Courtelis Co., Kislak Organization and HMG/Courtland Properties will break ground next week on Murano at Grande Lakes, a $33.6 million luxury apartment community in Orlando. The trio of South Florida-based developers will build the 240-unit property on a 9.5-acre site at the southeast corner of John Young Parkway and Taft-Vineland Road. The design team includes architect Forum Architecture and Interior Design and general contractor Roger B. Kennedy Inc. Wells Fargo provided construction financing to the development team for the project, which is slated for a summer 2016 completion.

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Securities Center Atlanta Buckhead
GeorgiaOfficeSoutheast

Atlanta Property Group Buys Office Campus in Buckhead

by John Nelson

ATLANTA — Atlanta Property Group (APG), an Atlanta-based real estate investment firm, has closed on its acquisition of Securities Centre, a two-building, 531,000-square-foot office campus in Atlanta’s Buckhead submarket. The campus is located at 3490 and 3500 Piedmont Road near the intersection of Piedmont and Lenox roads. APG purchased the office complex from LNR Partners, which had foreclosed on the property in November 2011. APG has purchased 10 office properties spanning 3 million square feet in the metro Atlanta area since mid-2010. APG will lease and manage Securities Centre, with plans to complete a multi-million dollar renovation to the property during its first year of ownership. JLL represented LNR Partners in the transaction.

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Conyers Medical Park
GeorgiaHealthcareSoutheast

MB Real Estate, McWhirter Realty Break Ground on Medical Office Building in Metro Atlanta

by John Nelson

CONYERS, GA. — MB Real Estate Healthcare Group and McWhirter Realty Partners have broken ground on a 30,000-square-foot medical office building in Conyers Medical Park. Conyers Medical Park is an 11-acre campus situated at 1301 Sigman Road in Conyers, a suburb of Atlanta. The lead tenant for the property is Rockdale Medical Center, a subsidiary of LifePoint Health. Additional tenants include Piedmont Hospital and MD Pain Management. The design team includes general contractor Benning Construction Co. and architect Robertson Loia Roof. The development team expects to deliver the medical office building in the fourth quarter of 2015.

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