SAVANNAH, GA. — In a joint venture with The Kroger Co., Blanchard & Calhoun Commercial has broken ground on Market Walk, a grocery-anchored retail center in Savannah. The new development will house the city’s largest Kroger supermarket and its first Dick’s Sporting Goods store. Market Walk will also house Chipotle Mexican Grill, Fiddler’s Crab House, The Original Pancake House, Super Cuts and John B. Rourke. Kroger is expected to open in April, while Dick’s Sporting Goods and the rest of the center will open in the fall.
MIAMI, HIALEAH AND HOLLYWOOD, FLA. — Franklin Street Real Estate Services has brokered the sale of 102 multifamily units in South Florida for approximately $8.3 million. The units are located in three different communities: Jaclyn Apartments in Hialeah, Garden View in Miami and a 10-unit apartment community in Hollywood. A Panamanian investor purchased the Jaclyn Apartments from Jaclyn LRP for approximately $6 million. Fly Away 2012 LLC, based in Buenos Aires, Argentina, purchased 20 condominium units in the 68-unit Garden View property from Unique Yidios LLC for approximately $1 million. Van Buren Holdings Inc., which was backed by a foreign investor, purchased the Hollywood apartment community located at 343 Van Buren St. from 720 Property LLC for approximately $1.2 million. Deme Mekras, Elliot Shainberg and David Reinke of Franklin Street Real Estate Services represented the sellers in all three transactions, as well as Fly Away 2012 LLC in the Miami transaction.
CLARKSTON, GA. — Pembrook Capital Management LLC has provided a $13.7 million bridge loan for the recapitalization and renovation of Alden Ridge, a 368-unit garden-style apartment community located in Clarkston, a northeast suburb of Atlanta. The property is located on the south side of Post Oak Road and the east side of Brockett Road. The borrower plans to use the financing to pay off an existing loan, recapitalize its ownership structure, fund property renovations and pay any closing costs and fees.
ANDERSON AND GREENVILLE, S.C. — NAI Earle Furman has arranged the sale of three apartment communities, including the 32-unit Newport Commons in Anderson, the 48-unit Colony North and the 36-unit Colony Place, both located in Greenville. The buyer, DHP Real Estate, purchased all three communities for $3.6 million. Tony Bonitati and Kay Hill of NAI Earle Furman represented the seller, Upstate Property Rentals LLC, in the transaction.
CHICAGO — New York-based Acadia Realty Trust has acquired the retail space at the base of the 188-unit Waldorf Astoria Chicago, located at 11 E. Walton St. in Chicago, for $44 million. Tenants of the 6,738-square-foot space include Marc Jacobs and Saint-Laurent. Adam Secher and Janika Brenner of Baum Realty Group, along with Cushman & Wakefield, brokered the sale.
BARTLETT, ILL. — MB Real Estate, serving as project manager, has completed the construction of an industrial document storage facility located within the Brewster Creek Business Park in Barlett for RhinoDox. Located on the corner of Munger Road and Humbracht Circle, the 66,617-square-foot property features 28-foot clear heights, two interior docks, two drive-in doors and extensive landscaping. The site is designed to accommodate a 24,000-square-foot expansion and parking for 97 vehicles. Premier Design & Build Group provided general contracting services, and Cornerstone Architects served as project architect for the project. NAI Hiffman represented RhinoDox in site selection. Headquartered in Glendale Heights, Ill., RhinoDox, which was formerly Federal Record Storage MDMC, was established in 1913. The company offers off-site hardcopy document storage, document scanning and imaging, enterprise content management systems, eForms and document workflow.
CHICAGO — MT Food Services has selected The Missner Group to complete an office/warehouse renovation and build-out for its 60,000-square-foot facility located at 400 N. Noble St. in Chicago. The industrial facility features 40,000 square feet of warehouse space with 21-foot clear heights, six exterior docks and two drive-in doors, as well as 20,000 square feet of office space. Glen Missner is the principal overseeing the project and Curt Burns of The Missner Group is serving as project manager. Cornerstone Architects is providing architectural services for the project, which is scheduled for completion in April.
OSAGE BEACH, MO. — A 20,000-square-foot Bed, Bath & Beyond has opened at Lakeview Pointe Shopping Center in Osage Beach. With this opening, approximately 137,000 square feet of the 150,000-square-foot, Dierbergs-anchored shopping center will be occupied. The center is occupied by The UPS Store, JJ Twigs Plaza, Great Clips, Eyes on Missouri, All-Pro Realtors, Dick’s Sporting Goods, The St. Louis office of Capitol Realty Group is the leasing agent for the center.
LIVONIA, MADISON HEIGHTS, FERNDALE AND BIRMINGHAM, MICH. — Pizza Hut has signed four leases for restaurant space in Southeast Michigan. Totaling 5,566 square feet, the leases are located at Wonderland Village in Livonia; a new development at 14 Mile and John roads in Madison Heights; Ferndale Avenue Shoppes in Ferndale; and a center on Woodward Avenue in Birmingham. Adam Goodman of Mid-America Real Estate-Michigan represented Pizza Hut in the transactions.
NEW YORK CITY — IHG has opened Crowne Plaza JFK Airport New York City hotel in Jamaica. Located at 138-10 135th Ave., the 330-room hotel features Internet access, free parking, extended dining and bar service hours, a fitness center, a zen room for yoga and meditation, and the brand’s Sleep Advantage program. Additionally the hotel offers 5,000 square feet of meeting space, including 10 meeting rooms and a ballroom.