MDH Partners Acquires 208,000 SF Industrial Property in Bradenton, Florida

BRADENTON, FLA. — Atlanta-based MDH Partners has acquired 301 Corporate Center, a two-building, 208,000-square-foot industrial property in Bradenton. Joe DeHaven served as the acquisition lead for MDH Partners. John Dunphy of JLL represented the seller and developer, Peak Development, in the transaction. JLL will handle the leasing and property management assignment at the property.Built in 2022, 301 Corporate Center is situated on 16 acres and features two 104,000-square-foot buildings …

April 20, 2022Acquisitions, Florida, Industrial, Southeast

Marcus & Millichap Arranges $11M Sale of Doral Park Centre in Metro Miami

DORAL, FLA. — Marcus & Millichap has arranged the sale of Doral Park Centre, a 13,925-square-foot retail strip center in Doral. The property sold for $11 million, or $789.72 per square foot. Edward Romo and Scott Sandelin of Marcus & Millichap represented the seller, an affiliate of IRAS Group, a Miami-based real estate investment firm. Kristina Filippone of First City Realty Partners Inc. procured the undisclosed buyer.Built in 2017, Doral Park Centre is a seven-suite property …

April 20, 2022Acquisitions, Florida, Retail, Southeast

Electra America, AKA Purchase Multifamily Building in West Palm Beach for $84M, Plan Hotel Conversion

WEST PALM BEACH, FLA. — Electra America Hospitality Group, a joint venture between Electra America and AKA, has purchased a new multifamily property in downtown West Palm Beach for $84 million, with plans to develop a 217-room hotel asset called AKA West Palm. Transwestern Development Co. sold the six-story property.Once redeveloped, AKA West Palm will offer rooms ranging from 351 square feet to over 840 square feet in size. Originally designed as micro-apartments, all suites and …

April 19, 2022Acquisitions, Florida, Multifamily, Southeast

Colliers Arranges $4M Sale of Industrial Complex in Fort Lauderdale

FORT LAUDERDALE, FLA. — Colliers has arranged the sale of a three-building warehouse and office complex totaling 20,820 square feet in Fort Lauderdale. Robert Listokin of Colliers represented the seller, an entity doing business as PRF Holdings LLC, and Levy Realty represented the undisclosed buyer. The sales price was $4 million.The property, dubbed the Southern Cross Portfolio, includes a 3,314-square-foot warehouse building, a 7,459-square-foot office/showroom/storage building and a …

April 19, 2022Acquisitions, Florida, Industrial, Southeast

Greystone Provides $16.6M Refinancing for Multifamily Property in Tallahassee

TALLAHASSEE, FLA. — Greystone has provided a $16.6 million Fannie Mae loan to refinance Renaissance Apartments in Leon County, a 168-unit multifamily property in Tallahassee. Kyle Jemtrud of Greystone originated the financing on behalf of the borrower, Pax Properties LLC. The financing, which is a permanent takeout of a Greystone bridge loan, carries a 10-year term and a 30-year amortization period, with a low, fixed interest rate and six years of interest-only payments.Built in 1974, …

April 18, 2022Florida, Loans, Multifamily, Southeast

Harbor Group International Acquires Multifamily Property in Miami for $50M

MIAMI — Norfolk, Va.-based Harbor Group International has acquired 275 FontaineParc, a 133-unit, Class A multifamily property in Miami. The sales price was $50 million, or about $379,939 per unit. The seller was not disclosed.Built in 2020, 275 FontaineParc offers one-, two- and three-bedroom floorplans. Unit features include walk-in closets, private balconies, stainless steel appliances and quartz countertops. Community amenities include a pool, fitness center, private bike storage, …

April 15, 2022Acquisitions, Florida, Multifamily, Southeast

Marcus & Millichap Brokers $22M Sale of Hoffner Commerce Center in Orlando

ORLANDO, FLA. — Marcus & Millichap has brokered the $22 million sale of Hoffner Commerce Center, a 93,749-square-foot property in Orlando. Salim Valiani and Andrew Jaworski of Marcus & Millichap represented the seller, an entity doing business as Hoffner Center LLC, and procured the buyer, Avanti Way Capital, in the transaction.Hoffner Commerce Center is a 53-suite building that was 93 percent occupied at the time of sale by tenants including Herbalife, Labcorp and State Farm Auto …

April 15, 2022Acquisitions, Florida, Southeast

JLL Secures $10.9M in Financing for Two Multifamily Communities in Florida

JACKSONVILLE AND APOPKA, FLA. — JLL Capital Markets has secured a total of $10.9 million in financing for two multifamily properties in Florida. JLL arranged $5.9 million in financing for the 288-unit Club at Danforth in Jacksonville and $5 million in supplemental financing for the 210-unit Verandahs at Hunt Club in Apopka.Elliott Throne, Mona Carlton, Kenny Cutler, Joshua Odessky and Karim Khaiboullin of JLL arranged the fixed-rate, Freddie Mac loans on behalf of the borrower, Beachwold …

April 15, 2022Florida, Loans, Multifamily, Southeast

Continental Realty Sells Shopping Center in Metro Orlando for $9.4M

CLERMONT, FLA. — Baltimore-based Continental Realty Corp. (CRC) has sold Glenbrook Commons, a 64,707-square-foot, fitness-anchored shopping center in Clermont. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller in the transaction. Winter Park, Fla.-based CrossMarc Services acquired the property for $9.4 million.Originally constructed in 2009, Glenbrook Commons was 98.4 percent leased at the time of sale. Fitness CF anchors the center, which is also home to US …

April 15, 2022Acquisitions, Florida, Retail, Southeast

Franklin Street Brokers $12.3M Sale of Medical Retail Property in Metro Orlando

KISSIMMEE, FLA. — Franklin Street has brokered the sale of Southport Medical Center, a 37,454-square-foot, multi-tenant retail strip center in Kissimmee. Greg Matus, Adam Tiktin, Alex Lazo and Jonathan de Maa of Franklin Street represented the undisclosed seller in the transaction. Mark Shellabarger and Ari Ravi of CBRE represented the buyer, Stanley Properties, which acquired the property as part of a 1031 exchange.Southport Medical Center was fully occupied at the time of sale to Quest …

April 14, 2022Acquisitions, Florida, Retail, Southeast