FORT MYERS, FLA. — The Fort Myers Preparatory & Fitness Academy has signed a 65,190-square-foot lease at a former Robb & Stucky warehouse and showroom, located at 4740 S. Cleveland Ave. in Fort Myers. The charter school will move from its temporary location at 10676 Colonial Blvd. in Fort Myers, and convert the space into 33 classrooms, office space, a cafeteria and athletic facilities. Jim Garinger of Colliers International's Fort Myers office represented the landlord, Normark Investments, in the 10-year lease transaction. John Paulich, IV, of Jassy Real Estate Investments represented the tenant.
MEMPHIS, TENN. — Chris Avery of AESOP Memphis has signed a 30,000-square-foot lease at an industrial building, located at 5355 Distriplex Farms Dr. in Memphis, for a Sky Zone Indoor Trampoline Park. Charles Sevier of Memphis-based Crump Commercial/CORFAC International, along with Aleks Trifunovic of The Klabin Co./CORFAC International's Los Angeles office represented the tenant in the lease transaction. Hank Martin of Memphis-based NAI Saig represented the landlord, Net Magan Property Owner One LP.
GREENVILLE, S.C. — NorthMarq Capital has arranged $24.8 million in first mortgage refinancing for the 562-unit The Plantations, located at 135 Haywood Crossing Dr. in Greenville. Marty Meagher of NorthMarq's San Diego office arranged the 3-year loan with a fixed dollar amount monthly amortization schedule through Prime Finance on behalf of the borrower, Plantations at Haywood O, LLC.
WEST MONROE, LA. — Love Funding has secured a $2.4 million loan for the 40-unit Rosemont Assisted Living Community, located at 110 Regency Pl. in West Monroe. Brian Robertson of Love Funding's St. Louis office arraned the 27-year loan with a low interest rate through HUD's 232/223(a)(7) LEAN loan program on behalf of the borrow, Barron Management.
COLUMBUS, OHIO — KeyBank Real Estate Capital closed on a $44 million loan to refinance three multifamily communities in the Columbus market. The properties include Kenyon Square, located at 9220 Worthington Rd.; Alexander Square, located at 747 Worthington Woods Blvd.; and Mercer Square, located at 7331 Skyline Dr. KeyBank originated the loan through Freddie Mac. The borrower was developer Preferred Living.
KANSAS CITY, M.O. —Pembrook Capital Management has closed on a $32 million tax-exempt bond for Antheus Capital's redevelopment of a 600-unit apartment portfolio in Kansas City. The portfolio includes 11 historic pre-war buildings located along Armour Boulevard in Kansas City. Antheus purchased the property, which is currently largely unoccupied, for $60.5 million. The developer is renovating the entire portfolio, which will return to the market as apartment rentals. The bond was partially financed by an undisclosed large financial institution.
CHICAGO — Sperry Van Ness has sold two West Loop properties, totaling $1.9 million, in Chicago. Scott Maesel represented the seller of 1328 W. Randolph, formerly known as the Weinstein Meatpacking Building. A private investor purchased the 14,700-square-foot building for about $1.1 million. Maesel also represented both parties in a transaction at 935 W. Randolph. The 7,200-square-foot former meatpacking building had housed the Jos. A. Baumgartner Co. since 1977. A private investment group purchased the property for $725,000 and will redevelop the building into a mixed-use property.
LAWRENCEVILLE, N.J. —Beech Street Capital has provided a $27.7 million Freddie Mac loan to refinance Steward's Crossing Apartments, a 240-unit apartment complex in Lawrenceville. The property is owned by Merion Realty Partners. The seven-year loan has an initial three-year interest-only period, followed by a 30-year amortization schedule. Jim Bologno of the New York office of Meridian Capital Group originated the loan.
NEW YORK CITY —DoubleTree by Hilton has opened its fifth New York City area hotel in Manhattan. Formerly a Wyndham Garden Hotel, the new 224-room DoubleTree By Hilton New York-Times Square South is situated on 36th Street between Eighth and Ninth avenues. The hotel includes 1,600 square feet of conference space, a fitness facility and wireless Internet access. Additionally, the hotel features a 24-hour self-service business center and complimentary printing service.
BLOOMFIELD, N.J. — Marcus & Millichap has arranged the $2.7 million sale of a 37-unit apartment property in Bloomfield. The property is located at 355 Belleville Ave. and includes seven ground-floor retail stores. Christopher Rizzolo of Marcus & Millichap's New Jersey office represented the seller, a local management group. He also represented the purchaser, a 1031 exchange buyer from Los Angeles.