DALLAS — UC Funding has secured an $8.1 million bridge loan for the 250-unit Ridgecrest Apartments, located at 5330 Preakness Lane in Dallas. The firm arranged the 12-month, interest-only loan, and is expecting to provide a permanent loan solution within the next 6 to 9 months, most likely through HUD.
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GREENVILLE — Bright Realty has brokered the sale of a 1-acre parcel, located on Joe Ramsey Boulevard in Greenville, for a 5,000-square-foot free-standing Anytime Fitness. Britton Lankford of Bright Realty represented the buyer, a franchisee, in the transaction. Ray Howell of Ray Howell & Associates represented the seller.
LAS VEGAS — The 114,500-square-foot Konami Gaming Building in Las Vegas has sold to Konami Digital Entertainment for an undisclosed amount. The built-to-suit facility is located within the Hughes Airport Center. The seller was CIP.
PLAYA VISTA, CALIF. — California Pizza Kitchen (CPK) has leased 33,000 square feet for its corporate headquarters at 12181 Bluff Creek Drive in Playa Vista, a Los Angeles submarket. The headquarters will reside within a 240,000-square-foot, Class A office building that was developed by Lincoln Property Company. The building is now owned by JP Morgan. This space is a portion of the square feet leased by Fox Interactive Media in 2008. CPK has signed an approximate nine-year sublease at the building. Dave Toomey and Brian Davies of Cresa Los Angeles represented California Pizza Kitchen. Fox Interactive Media was represented by Eric Duncanson and Gideon Orion of Cushman & Wakefield.
GAITHERSBURG, MD. — Jones Lang LaSalle has arranged the $30 million sale of an eight-building industrial portfolio, located in Montgomery County Airpark in Gaithersburg. The buildings total 285,000 square feet and are approximately 75 percent leased. Tenants include M&T Bank, Ferguson and Cianbro. Jones Lang LaSalle's Washington, D.C., office represented the sellers, Zarpas 1 through 5 LPs., in the transaction. The buyer was a partnership led by Potomac, Md,-based Willco Cos. BB&T Bank provided acquisition financing.
SUMMERVILLE, S.C. — ARA has negotiated the $18.5 million sale of the 232-unit Tradition at Summerville, an apartment complex located at 325 Marymeade Dr. in Summerville. Amenities include a resort-style pool, cardio-fitness center and 16-seat theater. The property is 93 percent leased. Blake Oakland and Dean Smith of ARA's Charlotte, N.C., office represented Schrimsher Properties, the seller, in the transaction. Nashville, Tenn.-based Carter-Hanson Real Estate Services was the buyer.
NASHVILLE, TENN. — Southeast Ventures has completed the second phase of HealthSpring's 175,000-square-foot MetroCenter campus, located at 500 and 530 Great Circle Rd. in Nashville. The two office buildings will serve as HealthSpring's primary location for more than 1,050 of the company's 3,600 employees. Southeast Ventures developed and owns the building. Highlights of the buildings include wrap-around windows to provide ample natural lights, a landscaped outdoor courtyard with sunken seating, multiple dining areas and training and conference rooms.
WEST PALM BEACH, FLA. — A 50,000-square-foot office/warehouse property, which includes a showroom for a building supply store located at 713-715 25th St. in West Palm Beach, has sold for $2.8 million. Bill Reichel and Ken Duke of Reichel Realty & Investments represented the seller, Lainhart & Potter, in the REO transaction. Marjam Supply Co. was the buyer.
LITTLE ROCK, ARK. — NorthMarq Capital has arranged $14.12 million in acquisition financing for the 256-unit Forest Place, a multifamily property located at 1421 N. University Pl. in Little Rock. David Farrell of NorthMarq's Kansas City, Kan., office arranged the 10-year loan with a 30-year amortization schedule through Freddie Mac.
CHICAGO — Summit Design + Build has been selected to expand Little Goat, a diner, bar and bakery at 820 W. Randolph St. in Chicago. Stephanie Izard and BOKA Restaurant Group are the owners and developers of the project. Izard is the season four winner of “Top Chef,” a reality show that airs on the TV network Bravo. Little Goat is the second restaurant opened by Izard and BOKA in Chicago. Construction plans include stripping down the 10,000-square-foot building to the bare structure, installing a new elevator and adding square footage to the second floor. The build-out will include multiple custom kitchens, a 100-seat diner and a barista bar. Jonathan Splitt Architects is the project architect and Toronto-based Anacleto Design is the project designer. Construction is scheduled for completion in the third quarter of this year.