Florida

Lingerfelt CommonWealth Acquires 28-Story Office Building in Jacksonville

by John Nelson December 12, 2014

JACKSONVILLE, FLA. — Lingerfelt CommonWealth Partners has acquired Riverplace Tower, a Class A, 28-story office building in Jacksonville’s central business district. The 425,223-square-foot tower is located at 1301 Riverplace Blvd. The property was built in 1967 and renovated in 1994 and 2005. Gate Riverplace Co., a subsidiary of Gate Petroleum, sold the office tower to Lingerfelt CommonWealth. Riverplace Tower’s tenant roster includes Rogers Towers PA, Rayonier Inc., Adecco USA and ClubCorp USA Inc. The buyer has selected a property management affiliate, CommonWealth Partners, to manage the property. JLL will handle leasing the property.

December 12, 2014

Florida Hospitality Southeast

Construction Begins on New Hampton Inn & Suites Hotel in Miami

by John Nelson December 12, 2014

MIAMI — Miami-based Mayan Properties, 3H Group Hotels and Arti Hersi Inc. have teamed up to break ground on the new Hampton Inn & Suites in Miami’s Biscayne Boulevard corridor. The 151-room hotel will be located at the intersection of Biscayne Boulevard and Northwest 35th Street. The hotel will feature 4,400 square feet of street-level retail space and an eight-story parking garage. 3H Group Hotels will manage the hotel upon completion, which is slated for first quarter 2016. The design team includes architect Israel Bigelman, exterior architect Kobi Karp and interior designer Monioni Design. Michael Comras of Comras Co. will handle leasing the retail space.

December 12, 2014

Florida Loans Southeast

Meridian Capital Group Arranges $25.5M CMBS Loan for Miami Gardens Apartment Complex

by John Nelson December 12, 2014

MIAMI GARDENS, FLA. — Meridian Capital Group LLC has arranged a $25.5 million CMBS loan to refinance Crystal Lakes Apartments, a 491-unit multifamily community in Miami Gardens. The property is located at 2545 N.W. 207th St. near the Calder Race Track and Sunlife Stadium. Michael Brown and Brad Beattie of Meridian Capital Group’s Boca Raton office arranged the 10-year loan at a fixed 4,89 percent interest rate on behalf of the borrower, Ytech International. The loan features a 30-year amortization schedule and five years of interest-only payments.

December 12, 2014

Florida Loans Southeast

NXT Capital Provides $33.9M Acquisition Loan for First Central Office Tower in St. Petersburg

by John Nelson December 11, 2014

ST. PETERSBURG, FLA. — NXT Capital has provided a $33.9 million first mortgage loan for the acquisition of First Central Office Tower in downtown St. Petersburg. Proceeds from the loan will fund an extensive renovation plan, as well as tenant improvements and commissions for future leasing.

December 11, 2014

Florida Retail Southeast

Crossman & Co. Brokers $24.8M Sale of Publix-Anchored Shopping Center in Metro Orlando

by John Nelson December 11, 2014

WINTER PARK, FLA. — Crossman & Co. has brokered the $24.8 million sale of Hollieanna and Oakley Center, a Publix-anchored shopping center in Winter Park, a suburb of Orlando. The 102,000-square-foot center was 98 percent leased at the time of sale to tenants such as Tuesday Morning, AAA, Moe’s Southwest Grill, T-Mobile and Sherwin Williams. Mark Thompson and Leah Harrington of Crossman & Co. represented the seller, a family in Indiana who had owned the center since its original construction in 1953. The property was redeveloped in 2011.

December 11, 2014

Florida Multifamily Seniors Housing Southeast

Forest City Sells Independent Living Community in Florida for $18.5M

by John Nelson December 9, 2014

LAUDERHILL, FLA. — Forest City Enterprises Inc. has completed the $18.5 million sale of Forest Trace, a 322-unit independent living seniors apartment community in Lauderhill. Forest Trace, which includes 40 assisted living beds, was purchased by Pacifica Lauderhill LLC. The buyer also assumed the existing mortgage on the property. The property was originally developed in 1989 and was acquired by a subsidiary of Forest City in 2000.

December 9, 2014

Florida Office Southeast

CBRE Brokers Sale of Wells Fargo Center in Downtown Tampa

by John Nelson December 9, 2014

TAMPA, FLA. — CBRE has brokered the sale of Wells Fargo Center, a Class A, 389,608-square-foot office building located at 100 S. Ashley Drive in downtown Tampa. The 22-story LEED Gold-certified building was 93 percent leased at the time of sale to tenants such as Wells Fargo, UBS, USAA, Valet Waste, Phelps Dunbar, AllegiantMD, Warren Averett and Carlton Fields. Wells Fargo Center features a fitness center, café, full-service bank branch, ATM, new conference center and a complimentary shuttle service. Christian Lee, Dale Peterson, Charles Foschini and Marcos Minaya of CBRE brokered the transaction.

December 9, 2014

Florida Industrial Southeast

Calkain Cos. Brokers $9.6M Flex Building in Panama City Beach

by John Nelson December 9, 2014

PANAMA CITY BEACH, FLA. — Calkain Cos. has brokered the $9.6 million sale of a single-tenant office/industrial asset located at 1300 Thomas Drive in Panama City Beach. The 83,000-square-foot property is anchored by Booz Allen Hamilton. Stephen Counts and Brian O’Hear of Calkain Cos. represented the seller, Skyview Development, in the transaction.

December 9, 2014

Florida Industrial Southeast

Colliers Brokers $5.3M Sale of Industrial Asset in Lakeland

by John Nelson December 8, 2014

LAKELAND, FLA. — Colliers International has brokered the $5.3 million sale of a 113,308-square-foot industrial property located at 5120 Great Oak Drive in Lakeland. Edward Miller and Dolores Seymour of Colliers International’s Tampa Bay office represented the seller, Great Oak Property Management LLC, which was conducting business under the moniker Structall Building Systems. The buyer was Brennan Investment Group LLC.

December 8, 2014

Florida Retail Southeast

Plaza Advisors Brokers Sale of Shopping Center in Metro Orlando

by John Nelson December 8, 2014

WINTER PARK, FLA. — Plaza Advisors has brokered the sale of Aloma Square Shopping Center, a grocery-anchored shopping center in Winter Park, a suburb of Orlando. The property was 88.8 percent leased at the time of sale to tenants such as Aldi, Deal$, CARQUEST, Fresenius Medical Care, CosmoProf, Liberty Tax and Subway. Mike Cvetetic and Jim Michalak of Plaza Advisors represented the seller, Noble Properties, in the transaction. The buyer was Aloma Square WP LLC.

December 8, 2014

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