ORLANDO, FLA. — Colliers International Central Florida has announced that Glickman Retail Group, a retail investment advisory firm in Orlando, has joined the company’s retail services team. Glickman Retail Group completed more than $40 million in real estate sales transactions year-to-date and has numerous more transactions set to close this year. Joining Colliers from the Glickman Retail team are Sean Glickman, Tom Hall, Chris Smith and Brandon Rapone. The team will join Cynthia Shelton and Kane Morris-Webster as part of Colliers International Central Florida’s retail investment team, focusing on the sale of retail investment properties in Central Florida.
TAMPA, FLA. — NorthMarq Capital has arranged a $30 million refinancing of Lakeshore Club Apartments, a 638-unit apartment community located at 6900 Concord Drive in Tampa. The property’s amenity package includes a media and entertainment center, business center, reserved covered parking, two swimming pools, four tennis courts, fitness center and an electronic entry system. Jeff Robertson of NorthMarq’s Miami office arranged the 10-year loan with a 30-year amortization schedule through Freddie Mac.
VENICE, FLA. — Capital One has provided a $52 million loan for the recapitalization of a joint venture that owns Jacaranda Trace, a 433-unit seniors housing property in Venice. The property comprises 215 independent living units, 20 assisted living units, 36 memory care units, a clubhouse and 33 acres of land. Private parties hold the remaining units. Community amenities include dining, concierge services and scheduled transportation. The joint venture is between ROC Seniors Housing Fund Manager LLC (the majority investor) and Freedom Senior Management. The joint venture intends to expand the property by adding independent living and assisted living units on the property’s vacant land. Capital One also provided a revolving line of credit to fund future growth initiatives associated with the property.
GAINESVILLE, FLA. — Brasfield & Gorrie has completed the construction of Infinity Hall, a new residence hall located at the University of Florida’s Innovation Square in Gainesville. The new live-learn community has opened to students for the fall semester. With a capacity to accommodate more than 300 residents, the facility’s four floors of residence suites include eight single rooms, 16 single-suite rooms, 48 double-suite rooms and 20 four-person-suite rooms. The facility also includes team meeting rooms, an entertainment room, flexible spaces to support the university’s entrepreneurship programs, a resident apartment and a maintenance shop. Infinity Hall was privately developed by Signet Development in partnership with the university’s Department of Housing and Residence Education. Specifically designed for students interested in entrepreneurship, the community aims to expose students to the startup community, local entrepreneurs and CEOs. Serving as construction manager-at-risk, Brasfield & Gorrie partnered with developer and owner Signet Development and architect Perkins+Will on the $15.9 million construction project. The team broke ground in 2014 and completed the project on schedule.
MIAMI — Rockpoint Group LLC has partnered with Ivanhoé Cambridge to recapitalize Mary Brickell Village, a retail and lifestyle center located at 901 S. Miami Ave. near Miami’s financial district. Ivanhoé Cambridge will continue to hold a minority interest, and Rockpoint will become the majority owner. Terms of the transaction were not disclosed. Originally developed in 2008, the 195,988-square-foot property is occupied by more than 50 stores and restaurants, including Publix, LA Fitness, P.F. Changs China Bistro, Fado Irish Pub, Oceanaire Seafood Room, Rosa Mexicana, Blue Martini and Brother Jimmys. Mary Brickell Village has immediate access to the Miami Metrorail at Brickell Station and the Metromover.
TAMPA, FLA. — CBRE has arranged the $111 million sale of a portfolio of five Class A office properties within Highland Oaks office park in Tampa. The properties total 575,852 square feet and include Highland Oaks I, Highland Oaks II, Highland Oaks III, Highland Oaks IV and Highland Oaks V. Located off of I-75 one exit south of the I-4 interchange, Highland Oaks comprises eight office buildings totaling 1 million square feet and a 150-room Hilton Garden Inn hotel. The other three office properties in Highland Oaks are owned by J.P. Morgan Chase. Originally developed by Duke Realty between 1999 and 2008, the portfolio was 96 percent leased at the time of sale to 46 tenants, including Cognizant, McDonald’s, Mosaic, ConAgra, J.M. Smucker Co., First American Title and John Deere. Dale Peterson, Christian Lee, Amy Julian, Charles Foschini, Jose Lobon and Chris Apone of CBRE represented the undisclosed seller in the transaction. The buyer was undisclosed, but industry sources are saying Prudential Real Estate Investors acquired the portfolio.
BRADENTON, FLA. — NXT Capital has provided a $25.6 million acquisition loan for Riversong Apartments, a newly constructed, 179-unit apartment complex in Bradenton. The property is located along the Manatee River and is adjacent to the Bradenton Riverwalk. Riversong’s amenities include a resort-style swimming pool and resident lounge with Wi-Fi, as well as a fitness center and a business center. According to the Bradenton Herald, a subsidiary of New York-based Beachwold Residential purchased the property from Atlanta-based Hatfield Development for $31.5 million.
MIAMI — Avison Young has arranged a $46.7 million construction loan for INTown, a two-tower, 14-story mixed-use project that will be located in Miami’s Little Havana neighborhood. The $81 million property will feature two split condominium and rental towers with retail space on the ground level. David Eyzenberg and Amanda Saltzman of Avison Young arranged the loan on behalf of the developer, Astor Cos. According to Avison Young, INTown will be the first high-rise developed in Little Havana in more than 10 years.
TAMPA, FLA. — A public-private partnership that includes Port Logistics Tampa Bay I Inc. and Port Tampa Bay will start construction on a 130,000-square-foot cold storage food products facility at Port Tampa Bay early next year. Set to open in November 2016, the $19.1 million intermodal facility will employ 50 full-time workers and up to 200 part-time workers. The Tampa Port Authority Board recently approved a 27-year lease to Port Logistics Tampa Bay I for the 13.7 acres where the facility will be developed on Hookers Point in downtown Tampa. The Tampa Port Authority has engaged Atlanta-based Batson-Cook Co. as contract manager for the project. The facility will accommodate 8,000 pallet positions in several different rooms with independent temperature controls for produce and perishables. The building will include office space for truckers and regulators such as USDA and Customs officials, and 15 temperature controlled doors for truck shipments. The project team includes George Livingston, principal of Port Logistics; Huie, an investment banker in Hong Kong; Seatrade; Time Definite Services; and Canton Port Services.
FORT LAUDERDALE, FLA. — JLL has secured a 52,683-square-foot lease transaction at Tower 101, a newly renovated, 21-story office tower located at 101 N.E. 3rd Ave. in downtown Fort Lauderdale. The tenant, Uniforms Direct, is relocating its corporate headquarters from Plantation, Fla., to Tower 101. Uniforms Direct will be the building’s largest tenant and will bring roughly 200 employees to occupy Tower 101’s penthouse level, the 20th floor and half of the 16th and 19th floors. Existing tenants at Tower 101 include Kemet Corp., Greater Fort Lauderdale Convention & Visitors Bureau, the city of Fort Lauderdale and Advantage Opco LLC. Alice Lucia Jackson and Brady Titcomb of JLL represented the landlord, Banyan Street Capital, in the lease transaction. Matthew Cheezem and Zach Wendelin of Cresa represented Uniforms Direct. The transaction is the largest office lease completed in downtown Fort Lauderdale year-to-date.