FORT WORTH — Homewood Suites by Hilton has opened a new four-story, 90-suite hotel, located at 6350 Overton Ridge Blvd. in Fort Worth. Platinum Hotels owns the hotel and Lodgestar Investments manages it. The new hotel features a fitness center, 24-hour business center, recreational activities and approximately 1,300 square feet of meeting space.
SAN ANGELO — Love Funding has arranged $14.5 million in construction and permanent financing for The Boulevard, a market-rate apartment complex in San Angelo. Chad Ricks of Love Funding's Dallas office arranged the loan through HUD's 221(d)(4) loan insurance program. The apartment project is the latest development for NE Development and will feature a clubhouse, business center and fitness center upon completion.
DALLAS — NorthMarq Capital has secured $3.55 million in first mortgage financing for the 55,411-square-foot Maplewood Retail, located at 2515 Inwood Road in Dallas. Bart Dickinson of NorthMarq's Dallas office arranged the 25-year, fully amortized loan through StanCorp Mortgage Investors.
PLANO — Plano Data has expanded its lease by 16,386 square feet for a total 116,376 square feet of office space at Plano Business Park, a 283,559-square-foot office complex located at the intersection of Shiloh Road and Plano Parkway in Plano. Other tenants in the complex include ND SatCom and Enterprise Mobile. George Tanghongs and Brett Lewis of Lee & Associates' Dallas office represented the tenant in the lease transaction. Alan Clark and Paul Tichacek of JSC Realty Services' Dallas office represented the landlord, KBS REIT II.
ATLANTA — Parmenter Realty Partners has acquired the 350,000-square-foot Lenox Building, located at 3399 Peachtree Rd. NE in Atlanta, from Clarion Partners for $59.3 million, according to CoStar. The 19-story building includes a fitness center, structured parking, cafe and direct access to the MARTA Lenox station. John Davidson, Michael Holmes and Reginald Mackey of Cushman & Wakefield's Atlanta office represented the seller in the transaction. Cushman & Wakefield Sonnenblick Goldman arranged acquisition financing through GE Capital Real Estate.
ATLANTA — Mandarin Oriental Hotel Group has signed a long-term management contract to rebrand and operate the 42-story The Mansion on Peachtree, located at 3376 Peachtree Rd. NE in Atlanta. The hotel includes 127 rooms, a restaurant and lounge, meeting rooms, a 130-seat ballroom, fitness center, a 14-room spa, a 60-foot indoor swimming pool and 25 private, luxury homes. Robert A.M. Stern designed the hotel, which will be rebranded as Mandarin Oriental, Atlanta, in May.
NASHVILLE, TENN. — Ebon Falcon, an entity controlled by Dr. David Black, president of Aegis Sciences Corp., has purchased the 109,000-square-foot First Image building, located at 501 Great Circle Rd. in Nashville, for $8.7 million. Tenants include St. Thomas Health Services and Brown and Caldwell. Todd Alexander of Nashville-based Southeast Venture represented the seller, Embassy Square, in the transaction. Charley Hankla of Cassidy Turley's Brentwood, Tenn., office represented the buyer.
FORT LAUDERDALE, FLA. — Marcus & Millichap has arranged the $3.15 million sale of two apartment complexes in Fort Lauderdale. The 25-unit The Andrews, located at 2520 N. Andrews Ave., sold for $2 million, and the 10-unit Granada Hall, located at 3000 Granada St., sold for $1.15 million. Joseph Thomas of Marcus & Millichap's Fort Lauderdale office represented the seller, a Fort Lauderdale-based private investor, in the transaction and procured the buyers. A Fort Lauderdale-based private investor purchased The Andrews, and a Delray Beach, Fla.-based private investor purchased Granada Hall.
PORT CHARLOTTE, FLA. — NorthMarq Capital has arranged $9.6 million in first mortgage refinancing for the 139,903-square-foot Heritage Plaza, a shopping center located at 18500-18714 Veterans Blvd. in Port Charlotte. David Garfinkel of NorthMarq's St. Louis office, along with Robert Hernandez of the firm's Tampa office, arranged the 15-year, fully amortized loan through a correspondent life company.
CAROL STREAM, ILL. — MC², an event and trade show specialist, has selected Meridian Design Build to renovate a 50,000-square-foot building, located at 160 E. Fullerton in Carol Stream. Colony Realty Partners owns the single-tenant industrial building. The building will house MC²'s manufacturing operations, which will be relocated from its existing facility at 2120 S. Jefferson in Chicago. Ware Malcomb is providing architectural services for the project. Marat Safir of Taurus Realty Partners represented MC² in the deal. Tom Condon and Brian Kling of Colliers International's Rosemont, Ill. office represented the ownership.
