ORLANDO, FLA. — Lee & Associates has arranged the sale of the Atrium Office Tower, located at 7680 Universal Blvd. in Orlando. The 106,611-square-foot office building sold for approximately $7.7 million. Robbie McEwan of Lee & Associates’ Central Florida office represented the buyer, Atrium Universal LLC, in the transaction. Douglas Mandel of Marcus & Millichap represented the seller, 7680 Universal Boulevard Holdings LLC.
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JACKSONVILLE, FLA. — Value Place, an economy extended-stay hotel brand, has opened a newly constructed hotel at 10520 Balmoral Circle West in Jacksonville. The four-story, 124-room property is located nine miles north of downtown Jacksonville. Each room features a large flat-screen TV, high-speed wireless internet and a full kitchen. This is the third Value Place hotel in the Jacksonville area.
BOCA RATON, FLA. — Meridian Capital Group LLC has arranged $15.5 million in refinancing for the Shoppes at Blue Lake, a 50,000-square-foot shopping center in Boca Raton. Notable tenants of the shopping center include Wells Fargo, PNC Bank and Miller’s Ale House. Michael Brown, Noam Kaminetzky and Daniel Bockstoce of Meridian’s Boca Raton office arranged the seven-year loan with a fixed interest rate of 4.13 percent.
CONYERS, GA — Franklin Street Real Estate Services has brokered the sale of a 3,200-square-foot Aspen Dental at 1450 Highway 138 in Conyers, about 20 miles east of Atlanta. The freestanding asset sold for approximately $1.4 million. Mac McCall of Franklin Street represented the seller, a local developer, in the transaction. The buyer, a California-based entity, purchased the property through a 1031 tax-deferred exchange. The buyer was represented in-house. The sale included a 10-year double-net lease with 10 percent rent increases every five years, as well as shared area access with Wells Fargo Bank.
COLUMBUS, OHIO — The Connor Group has acquired the 194-unit Lennox Flats multifamily community in Columbus for $17 million, or almost $88,000 per unit. Constructed in two phases in 2012 and 2013, Lennox Flats is located near downtown Columbus and Ohio State University. The multifamily community was fully occupied at the time of sale. Debbie Corson and George Skaff of ARA represented the seller, San Francisco, Calif.-based Klingbeil Capital Management in the transaction.
OMAHA, NEB. — Q10 | Daisley Ruff Financial has arranged an $11.2 million permanent loan through a correspondent lender for a 204-unit, 19-building portfolio in the midtown area of Omaha. The 15-year, non-recourse loan features a fixed interest rate. The portfolio spans a 12-block area. Justin Brown of Q10 arranged the loan.
KNIGHTSTOWN, IND. — The Indianapolis office of CBRE has arranged the sale of the former 56,640-square-foot Spectra Premium facility in Knightstown, located about 38 miles east of Indianapolis. The free-standing facility is situated on a five-acre site and features immediate access to I-70. Mark Writt and Tom Cooler of CBRE represented the seller, Spectra Premium, in the transaction. The buyer, Hay-Flex, is currently located in New Castle, Ind., and purchased the facility to expand its operations in Central Indiana. The warehouse is located at 8774 S. State Road 109.
ELGIN AND SOUTH HOLLAND, ILL. — Midwest Industrial Funds has purchased 182,000 square feet of industrial space in suburban Chicago. The first transaction involved a two-building portfolio that was 90 percent leased to three tenants located at 1355 W. McLean and 1485-1495 Davis Road in Elgin. Vern Schultz and Brian Kling of Colliers International represented the seller in the transaction. The second transaction featured a 95,000-square-foot, two-tenant building located at 17005-17045 S. Wallace in South Holland. Walter Murphy of Lee & Associates represented the seller in the transaction.
NEW YORK CITY — Meridian Capital Group LLC has arranged a $15 million loan for the refinancing of a multifamily property located on Maiden Lane in Manhattan on behalf of DSA Property Group. The five-year loan, provided by a regional balance sheet lender, features a fixed interest rate of 3 percent. Avi Weinstock and Josh Rhine of Meridian Capital arranged the loan. The 16-story property includes 66 units and 9,000 square feet of retail space. The loft-style apartments feature high ceilings and large windows. The property is located at 9-11 Maiden Lane.
MANCHESTER, CONN. — Washington Trust has provided a $3.9 million loan to Taymil Ivy Manor LLC for refinancing of Manchester Green Apartment Homes, a 72-unit multifamily complex in Manchester. The community, which features four two-story buildings, is located at 167 E Center St.