NEW PORT RICHEY, FLA. — Blue Rock Partners has sold the 143-unit Park at Ashley Place, a multifamily property located on Vista Verde Drive in New Port Richey, for $8.05 million. The property is 95 percent occupied. Cole Whitaker and Jason Stanton of Hendricks & Partners represented the seller in the transaction.
HENDERSONVILLE, TENN. — P&M Investment Co. has broken ground on the $3.5 million, 20,000-square-foot Shoppes at Maple Corner, a retail center located at the intersection of Indian Lake Boulevard and Maple Drive in Hendersonville. Southeast Venture LLC, the leasing agent, has secured a 4,300-square-foot lease with Sola Salon Studios. Completion is slated for the end of 2012.
AMERICUS, GA. — The 97,760-square-foot Americus Village Retail Shopping Center, located in Americus, has sold for $2.5 million. Tenants include Fred's, Carmike Cinema, H&R Block, Edward Jones, Citi Financial and UPS Store. Ray Mokhberi of NAI Brannon Goddard represented the seller, PeopleSouth Bank, in the transaction. Charles Piazza and Eric Piazza of NAI New York City represented the buyer, A.J.J.M.D. Realty Corp.
CARY, ILL. — Quantum Real Estate Advisors has arranged the sale of a vacant, 6,520-square-foot former Blockbuster Video property at 536 Northwest Highway in Cary. The property was sold to a local Meineke franchisee for $825,000. Jordan Kaufman of Quantum Real Estate Advisors and Peter Caruso of Mid-America represented the seller, a group of private individuals from California, in the transaction. Ryan Samuelson of Corcoran Commercial Real Estate represented the buyer.
NEW YORK CITY — Prestige Properties & Development has secured a $210 million loan to refinance Bay Plaza Community Center, a 517,000-square-foot retail center in the Bronx. Bay Plaza Community Center is a section of the 1.3 million-square-foot BayPlaza shopping complex, the largest retail center in New York City. MetLife's Real Estate Investments Division provided the five-year, fixed-rate loan, which bears an interest rate of sub-4 percent.
SAN DIEGO — Regency Centers Corporation has purchased Balboa Mesa Shopping Center, a 189,321-square-foot, infill shopping center in San Diego, for $59.5 million. The Vons-anchored center is located at Balboa Avenue and Genesee Avenue. It is 95 percent leased. Other notable anchors include Kohl’s and CVS/pharmacy. The seller was Balboa Realty LLC.
ALPHARETTA, GA. — STORE Capital Corp. has completed a $19.2 million sale-leaseback with Tappan Street Restaurant Group (TSRG) for five Taco Mac restaurants in Georgia and North Carolina, as well as the company's corporate headquarters in Alpharetta. The properties were leased back to TSRG under a long-term, triple-net lease.
LADSON AND ROCK HILL, S.C. — Bryson Thomason Q10/Professional Mortgage Co. has secured a $5.1 million, fixed-rate loan on the 52,607-square-foot Ladson Crossing, a shopping center located on U.S. Highway 78 in Ladson. Additionally, Denton Burnette of Q10/Professional Mortgage Co. arranged a $6.3 million, non-recourse loan for a 71,700-square-foot Academy Sports + Outdoors store, located at 2468 Cross Pointe Drive in Rock Hill. The store is part of High Point Crossing, which will be a 200,000-square-foot shopping center.
CINCINNATI — Cincinnati's Asian Supermarket is undergoing a major expansion at its current location in the Village Crossing Center at 10400 Reading Road in Evendale. The market will expand to 30,812 square feet, nearly doubling its current size. The new international market is slated for completion prior to Christmas 2012. Cindy Metz of NAI Bergman negotiated the 11-year lease. The market includes produce, meat and fish from Japan, Korea, Vietnam, Thailand, India, the Philippines and Indonesia.
BOSTON — Rockland Trust has provided a $27 million loan for the acquisition of 801 Boylston St., a retail and office property in Boston. The buyer, Frazer Boylston Holdings, owns several other buildings in the Back Bay. Tenants at the property include Fidelity Investments and Siemens. Constructed in 2001, the 23,000-square-foot building features five floors of retail and office space, located near Prudential Tower and Newbury Street shops.