MCLEAN, VA. — Carter Validus Mission Critical REIT II Inc., a Tampa-based REIT focused on owning data centers and healthcare properties, has purchased two data centers in McLean, a city in Northern Virginia roughly 10 miles outside of Washington, D.C. The REIT purchased the facilities from an undisclosed seller for $85 million. The acquisition includes a two-story, 65,794-square-foot colocation data center that was 94.9 percent leased at the time of sale. The asset’s major tenant is an undisclosed global telecommunications company. The other property is a three-story, 62,002-square-foot colocation data center that was fully leased at the time of sale. The facility’s major tenant is PAETEC Communications LLC, a Windstream company.
GREENVILLE, S.C. — The Greenwich Group International has secured $52.9 million in acquisition and renovation financing for Park Central and Park East, two office parks in Greenville totaling 570,000 square feet. The financing included a $39 million loan and $13.9 million in joint venture equity. The borrower, Atlanta-based TWO Capital Partners, purchased the properties in an off-market transaction. Located in Greenville’s I-385 corridor, Park Central and Park East feature 12 buildings that were 70 percent leased at the time of sale. Don Atchison, Steve Lorenz and Larry Baucom led Greenwich Group’s team in securing the financing.
BRENTWOOD, TENN. — Avison Young has brokered the $26 million sale of Gateway Plaza I and Maryland Park Center in Brentwood, a suburb of Nashville. Gateway Plaza I is a three-story, 82,848-square-foot office building located at 5409 Maryland Way. The property was fully leased at the time of sale to tenants such as Foundations Recovery Network, Henderson Financial Group, The Layton Cos. and Right Management. Maryland Park Center is a three-story, 43,696-square-foot office building located at 115 East Park Drive. The building was fully leased at the time of sale to tenants such as Vulcan Construction Materials, Nashville Sleep Medicine, Maxim Healthcare Services and CareSpot. Don Albright, Lisa Maki, Mike Jacobs and Ashley Albright of Avison Young represented the seller, Sun Life Assurance Co. of Canada. The acquisition is the first purchase in Brentwood for the buyer, Albany Road Real Estate Partners.
NORTH PORT, FLA. — A joint venture between Passco Cos. and Perdew Investment Group has sold two Class A self storage facilities totaling 1,667 units in North Port for approximately $19 million. The joint venture developed both assets, Patriot Self Storage of Talon Bay and Patriot Self Storage of Bobcat Trail, in 2008. Life Storage purchased the Talon Bay property, and Southern Self Storage purchased the Bobcat Trail facility. Located about 8.4 miles apart, the two facilities were nearly fully leased at the time of sale. Michael Mele and Luke Elliot of Marcus & Millichap’s Mele Group represented Passco as the seller in the transactions.
WEST PALM BEACH, FLA. — NXT Capital has provided an $18.5 million acquisition loan for Centrepark West, a four-building office park totaling 175,000 square feet in West Palm Beach. The site is bordered by I-95 to the east and Palm Beach International Airport to the west. Christian Lee and Amy Julian of CBRE’s Miami office arranged the loan through NXT Capital on behalf of the undisclosed borrower.
DESTIN, FLA. — Memphis-based Dunavant Enterprises has opened its 170-room resort hotel in Destin known as The Henderson. Situated along the Gulf of Mexico and adjacent to a 208-acre state park, The Henderson features a spa, the Primrose restaurant, octagonal bar with panoramic Gulf views, rooftop terrace, two outdoor swimming pools with a lazy river, children’s club, 30,000 square feet of indoor and outdoor event space and private beach access. The Henderson is the anchor resort hotel of the still-developing Henderson Beach Resort, future phases of which include condominiums and villa-style resort accommodations. The existing beachfront Henderson Park Inn is also owned by Dunavant Enterprises. Salamander Hotels & Resorts manages The Henderson, which has created roughly 260 staff positions. The project team includes Atlanta-based architect Cooper Carry, Atlanta-based interior designer Kent Interior Design, Atlanta-based general contractor DPR Hardin and project manager Shannon Howell of Destin-based Devcon Services Group. Nightly rates for guest rooms range from $225 to $450 and from $595 to $1,250 for suites.
KENNESAW, GA. — PMZ Realty Capital LLC has arranged a $12.8 million loan for Hilton Garden Inn Kennesaw, a 123-room hotel located one mile from Town Center Mall in Kennesaw, a northern suburb of Atlanta. The undisclosed borrower will use the loan to refinance an existing CMBS loan that was coming due. The hotel features complimentary Wi-Fi, a 24-hour business center, fitness center, restaurant and 3,300 square feet of meeting space.
ROANOKE, VA. — Donohoe Real Estate Services/CORFAC International has arranged the $7.3 million sale of Holiday Inn Valley View, a 153-room hotel in Roanoke. Originally built in the 1980s as a Sheraton, the hotel is situated on 10 acres near the Roanoke-Blacksburg Regional Airport. The buyer, Roanoke Airport Hotel Partners LLC, plans to make renovations and brand updates to the hotel, which will continue to operate as a Holiday Inn. Bill Moyer and Charlotte Seale of Donohoe Real Estate Services/CORFAC International represented the seller, and Seale procured the buyer. Donohoe Real Estate Services/CORFAC International is a member of Hotels Brokers International.
SIMPSONVILLE, S.C. — New York-based Toro Real Estate Partners has purchased Enclave Grandview, a 240-unit apartment community in the Greenville suburb of Simpsonville. Toro plans to rename the asset Stillwater at Grandview Cove. The property is the second acquisition in the Greenville area for Toro in the past six months. Ryan Duff of Arbor Commercial arranged a 12-year Fannie Mae acquisition loan on behalf of Toro, which used a 1031 exchange and private capital to fund the equity side of the transaction. Toro owns roughly 1,200 multifamily units in the Southeast and Midwest with over $70 million in managed assets. Blue Ridge Cos. will manage Stillwater at Grandview Cove on behalf of Toro.
ORLANDO, FLA. — Hold-Thyssen Inc. has brokered the $3.7 million sale of Mid Point Plaza, a 21,816-square-foot retail strip center located at 6203 W. Sand Lake Road in Orlando. Built in 1999 at the northwest corner of West Sand Lake Road and Universal Boulevard, Mid Point Plaza’s tenant roster includes Wildside Clothing, Giordano’s Italian Restaurant and Light Bulbs Unlimited. The buyer, a private investor based in Orlando, purchased the property from the estate of the developer of the asset. Martin Forster and N. Joelle Forster of Hold-Thyssen represented both the buyer and seller in the transaction.