Berkadia Secures $43.2M in Acquisition Financing for Apartment Community in Metro Orlando

DAVENPORT, FLA. — Berkadia has secured $43.2 million in acquisition financing for Legends at ChampionsGate, a 252-unit multifamily community located outside of Orlando. Mitch Sinberg and Matthew Robbins of Berkadia secured the financing on behalf of Taurus Investment Holdings, which acquired the property for $53.8 million from an undisclosed seller.The three-year, floating-rate, interest-only loan was underwritten at a 75 percent loan-to-cost ratio and inclues additional funds to finance …

July 30, 2021Acquisitions, Florida, Loans, Multifamily, Southeast

Newport Capital Partners Acquires 160,792 SF Colonial Oaks Shopping Center in Orlando

ORLANDO, FLA. — Newport Capital Partners has acquired West Colonial Oaks, a 160,792-square-foot, grocery-anchored shopping center situated on the southwest corner of West Colonial Drive and North Hiawassee Road in Orlando. Newport Capital acquired the property via its Newport Capital Partners Fund III. The property was sourced and acquired off-market from a private investor. Newmark arranged acquisition financing through Ameris Bank. The seller and sales price were not disclosed.West …

July 30, 2021Acquisitions, Florida, Retail, Southeast

JLL Facilitates Sale of 333-Unit Alexan Earl Apartments in Arlington, Virginia

ARLINGTON, VA. — JLL Capital Markets has facilitated the sale of Alexan Earl, a 333-unit multifamily community in Arlington. Walter Coker, Brian Crivella, Robert Jenkins and Bill Gribbin of JLL represented the seller, Trammell Crow Residential, which also had an equity partner. Lincoln Property Co. and Cadillac Fairview acquired the property for an undisclosed price. Additionally, Michael Cosby, Jimmy Conley, Jamie Leachman and Andy Scott of JLL secured a five-year, floating-rate acquisition …

July 30, 2021Acquisitions, Multifamily, Southeast, Virginia

Greysteel Arranges $11.5M Sale of Multifamily Community in D.C.

WASHINGTON, D.C. — Greysteel has arranged the $11.5 million sale of The Verona, a 67-unit multifamily property located at 5601 13th St. NW in northwest D.C. Built in 1955, The Verona is located in the 16th Street Heights neighborhood of D.C.’s Ward 4. Community amenities include a pet park and nearby public transportation. Kyle Tangney and Herb Schwat of Greysteel represented the buyer in the transaction. The seller was not

July 30, 2021Acquisitions, District of Columbia, Multifamily, Southeast

Stan Johnson Co. Brokers $3.2M Sale of Windward Square Shopping Center in Metro Atlanta

ALPHARETTA, GA. — Stan Johnson Co. has brokered the sale of Windward Square, a 11,166-square-foot shopping center located at 5215 Windward Parkway in the northern Atlanta suburb of Alpharetta. Jeff Enck of Stan Johnson Co. represented the 1031 exchange buyers, a group of private investors based in Georgia. Penn Hodge Properties sold the property for more than $3.2 million.Windward Square was fully leased to six tenants at the time of sale, including Verizon Wireless and Eye Level Learning …

July 30, 2021Acquisitions, Georgia, Retail, Southeast

Cousins Acquires 725 Ponce Office Property in Midtown Atlanta for $300.2M

ATLANTA — Cousins Properties (NYSE: CUZ) has acquired 725 Ponce, a 372,000-square-foot office property in Midtown Atlanta, for $300.2 million. The seller, New City Properties, completed development of the 12-story asset in late 2019.Located on the Atlanta BeltLine and directly across from popular mixed-use development Ponce City Market, 725 Ponce is fully leased to tenants such as BlackRock, McKinsey & Co. and Chick-fil-A. The $140 million development includes an adjacent …

July 30, 2021Acquisitions, Georgia, Office, Southeast, Top Stories

KBS Signs Two Leases at Crossroads Distribution Center in Charlotte Totaling 100,000 SF

CHARLOTTE, N.C. — KBS has signed two leases at Crossroads Distribution Center, a 496,723-square-foot business park located in Charlotte. The leases exceeded 100,000 square feet and brought the property to full occupancy.The transactions include a long-term, 73,300-square-foot lease with Service Metal, a pipe fitting distributor, and a long-term, 26,933-square-foot lease with Caesarstone US, a quartz countertop manufacturer.Located at 11401 Granite St., Crossroads Distribution Center …

July 29, 2021Industrial, Leasing Activity, North Carolina, Southeast

CIM Group Acquires 301-Unit Vale at The Parks Apartments in D.C.

WASHINGTON, D.C. — CIM Group has acquired The Vale at The Parks, a newly constructed, mixed-use apartment development in Washington, D.C. The project features 301 apartment units, 18,269 square feet of ground floor commercial space and 316 parking stalls. The sales price and seller were not disclosed.Located at 6800 Georgia Ave. NW, The Vale offers a mix of studio, one-, two- and three-bedroom apartments. Community amenities include a fitness center, indoor and outdoor yoga studio, club …

July 29, 2021Acquisitions, District of Columbia, Multifamily, Southeast

JLL Secures Construction Financing for Preserve at Ridgeville Apartments Near Charleston

RIDGEVILLE, S.C. — JLL Capital Markets has secured an undisclosed amount of equity and construction financing for the development of Preserve at Ridgeville Apartments, a 240-unit, garden-style multifamily community near Charleston.Located at 1050 Old Gilliard Road in Ridgeville, the Preserve at Ridgeville will be situated 35.2 miles north of Charleston and 28.1 miles from Charleston International Airport. Once completed, the three-story property will feature a pool, health club with …

July 29, 2021Loans, Multifamily, South Carolina, Southeast

Tricera Capital Purchases ICON Central Retail Space in St. Petersburg for $11.1M

ST. PETERSBURG, FLA. — Tricera Capital has acquired a ground-floor retail space at Related Group’s recently completed ICON Central, a mixed-use development in St. Petersburg. The transaction totaled $11.1 million and included the adjoining Union Trust Bank building. In total, the ground-floor retail space and historic bank building span nearly 35,000 square feet of rentable space. Related Group was the seller.Currently, about 7,000 square feet of the retail space is leased to BurgerFi …

July 29, 2021Acquisitions, Florida, Retail, Southeast

Berkadia Secures $43.2M in Acquisition Financing for Apartment Community in Metro Orlando

Newport Capital Partners Acquires 160,792 SF Colonial Oaks Shopping Center in Orlando

JLL Facilitates Sale of 333-Unit Alexan Earl Apartments in Arlington, Virginia

Greysteel Arranges $11.5M Sale of Multifamily Community in D.C.

Stan Johnson Co. Brokers $3.2M Sale of Windward Square Shopping Center in Metro Atlanta

Cousins Acquires 725 Ponce Office Property in Midtown Atlanta for $300.2M

KBS Signs Two Leases at Crossroads Distribution Center in Charlotte Totaling 100,000 SF

CIM Group Acquires 301-Unit Vale at The Parks Apartments in D.C.

JLL Secures Construction Financing for Preserve at Ridgeville Apartments Near Charleston

Tricera Capital Purchases ICON Central Retail Space in St. Petersburg for $11.1M

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