ST. AUGUSTINE, FLA. — The Roseview Group has advised a bank client in the $4.5 million sale of two unanchored retail shopping centers totaling 33,025 square feet. Located at the entrance to Palencia, a high-end residential and golf course community in St. Augustine, the retail centers are 78 percent leased to tenants including Dunkin’ Donuts, Starbucks, Donovan’s Pub and MediMD. Roseview directed the leasing and management of the center through the Sembler Co. and engaged a local broker on behalf of the lender. Cliff Taylor of CBRE represented the seller in the transaction.
FOREST PARK AND JONESBORO, GA. — Blue Ridge Capital has acquired an 11-property portfolio, comprised of office and retail properties located in Forest Park and Jonesboro, from Capmark for $3.2 million. The portfolio is approximately 50 percent leased. The properties include Center Village Shopping Center, Parkway Village Shopping Center, the four-building Shady Oaks and the four-building Northpark in Forest Park, as well as the Jonesboro Village Shopping Center in Jonesboro. Fred Victor of Newmark Knight Frank’s Atlanta office represented the seller in the transaction.
JACKSONVILLE, FLA. — A 35,000-square-foot retail building located at 6024 103rd St. in Jacksonville has been sold to 6024 103rd Street LLC for $1.65 million. American Freight occupies the triple-net leased property. Jimmy Cranford of Silverfield Cranford represented the seller, SILJAX, in the transaction.
LEXINGTON AND NICHOLASVILLE, KY. — Capital Advisors has secured $6.8 million in refinancing for Bryan Station and Brannon Crossing, two 50,000-square-foot shopping centers in Lexington and Nicholasville. Riley Skinner of Capital Advisors arranged the 10-year loans with 30-year amortization schedules on behalf of the borrowers, ERP Bryan Station and ERP Brannon Crossing, through UBS.
SPRING HILL, FLA. — Aztec Group has secured $3 million in debt refinancing for a Walgreens located at 4096 Mariner Blvd. in Spring Hill. Howard Taft and Charles Penan of Aztec Group arranged the 10-year loan with a 25-year amortization schedule through BankUnited.
CHARLEVOIX, MICH. — Agree Realty Corp. has sold the Charlevoix Commons shopping center in Charlevoix for $3.5 million. The 137,000-square-foot shopping center is anchored by an 86,479-square-foot Kmart and a 35,896-square-foot Family Farm & Home. The sale is part of Agree Realty's strategy to dispose of non-core assets and redeploy capital into the acquisition and development of single-tenant, net-leased assets.
ROSEMONT, ILL. — Construction is complete on the $1 million renovation of the Fairfield Inn & Suites Chicago Naperville hotel in Rosemont. The project included upgrading the guest rooms, lobby, front desk, exercise room, breakfast area and meeting room. The hotel also features new carpet, wall vinyl and lighting. The hotel, which is located off of I-88, is owned by Geneva, Ill.-based Shodeen Hospitality and managed by First Hospitality Group.
NEW LENOX, ILL. — HSA PrimeCare has completed development of a $21.6 million outpatient cancer treatment center for Silver Cross Hospital in New Lenox. The 22,500-square-foot facility was constructed on the campus of Silver Cross' newly developed replacement hospital at Highway 6 and Silver Cross Boulevard. The University of Chicago Medicine oncology department will occupy 10,244 square feet of the building and a University-Silver Cross Hospital joint practice in oncology will occupy 9,661 square feet. The facility will open for patients on June 25.
MINNEAPOLIS — Opus Development Corp. has announced several new retailers that will join Stadium Village, an apartment and retail complex near the University of Minnesota's East Bank campus. The tenants are CVS/pharmacy, Noodles & Co. and Dino's Gyros. CVS/pharmacy has signed a lease for 14,800 square feet, making it the largest pharmacy on campus. Noodles & Co. will take 2,350 square feet and Dino's Gyros will occupy 2,000 square feet. Each of the retailers is expected to open in August. The new lease deals bring the retail space at Stadium Village to full occupancy.
CHICAGO — Online payment provider Braintree has signed a 5-year lease for 26,350 square feet of office space at River Center, located at 111 N. Canal St. in Chicago. The landlord, River Center LLC, was represented in-house by Fred Friedman and Ben Torchman in the transaction. Henry Lee of Jones Lang LaSalle represented the tenant.