SAVANNAH, GA. — NXT Capital has provided a $16 million acquisition loan for One West Victory, a newly constructed apartment community located in Savannah. The Class A property is situated in Savannah’s Historic District and features an on-site restaurant and coffee bar, fitness center, media room and community study lounges. Phil Rachels of CBRE’s Jacksonville office arranged the loan on behalf of the undisclosed borrower.
MIAMI — Marcus & Millichap has brokered the $12.5 million sale of Sabina Plaza, a 51,044-square-foot shopping center located at 4001 S.W. 152nd Ave. in Miami’s West Kendall submarket. Built in 2007, the property is fully leased to tenants such as Dollar Tree, two restaurants, a cross-fit gym, nail salon, martial arts studio, nail salon, beauty salon, dental office and a daycare. Walgreens and Bank of America are outparcels to the property but were not included in the sale. Kirk Olson and Drew Kristol of Marcus & Millichap’s Miami office represented the seller, Sabina 40 Street LLC, an affiliate of North Miami-based IMC Equity Group and headed by Yoram Izhak, who purchased the property out of foreclosure in 2012 for $5.4 million.
ROCK HILL, S.C. — NorthMarq Capital has arranged the $2.6 million of Kedrion Biopharma, a 13,000-square-foot medical office property located at 1843 Cherry Road in Rock Hill, a southern suburb of Charlotte in South Carolina. Susan Branscome of NorthMarq Capital’s Cincinnati-based office arranged the 20-year loan with a 20-year amortization schedule through Symetra Financial on behalf of the borrower, The Stough Group.
CANTON, GA. — The Home Depot has sold a 1.9-acre tract of land located at the intersection of Sixes Road and Holly Springs Parkway in Canton, a northern suburb of Atlanta in Cherokee County. Keith Valentine of Atlanta-based Corporate Property Dispositions represented The Home Depot in the sale. The buyer, Ferber Development, plans to build a retail strip center at the site that is pre-leased to AT&T and Starbucks Coffee, as well as an outparcel pre-leased to Taco Bell. The new project will be located near The Home Depot and Northside Hospital’s offices.
CHARLOTTE, N.C. — The U.S. Green Building Council has awarded Capitol Towers, a Class A office campus in Charlotte’s SouthPark submarket, LEED Gold certification. The office park is owned by Lincoln Harris, an affiliate of Lincoln Property Co. Phase I of Capitol Towers, which features the 236,250-square-foot South Office Tower, a parking deck and 25,000 square feet of retail and restaurant space, was opened recently. Phase II, which will feature the 236,250-square-foot North Office Tower, is scheduled for completion in the first quarter of 2017. Sustainability and energy efficient features at Capitol Towers range from an on-site parking deck that provides preferred parking for low emission vehicles to an HVAC system designed to measure and filter air before entering the building.
ATLANTA — Atlanta-based Peachtree Hotel Group has purchased 10 hotels in the Southeast and Midwest for a combined $183 million. Four hotels are under contract for acquisition and the other six properties are in various stages of development. PHG’s management arm will operate all 10 hotels upon closing, which is expected within the next 60 days. The four properties under contract for acquisition span nearly 600 rooms and include two Hampton Inns, an Aloft and a DoubleTree conversion. The six hotels under development represent nearly 700 rooms across four states and include Marriott, Hilton, IHG and Starwood brand affiliations. Peachtree’s current portfolio comprises 65 hotel assets totaling 6,672 rooms.
SLIDELL, LA. — Wells Fargo has provided a $73 million, 10-year loan for Fremaux Town Center, a roughly 635,000-square-foot open-air retail shopping center located at the southwest corner of I-10 and Fremaux Avenue in Slidell. Fremaux Town Center is currently 95 percent leased and jointly owned by affiliates of CBL & Associates Properties Inc. and Stirling Properties LLC. The borrowers used proceeds from the loan to retire two existing construction loans.
ATLANTA — Los Angeles-based sbe and Atlanta-based Trillist Cos. Inc. have partnered to develop the SLS Atlanta Hotel & Residences in Midtown Atlanta. The mixed-use tower will feature 213 hotel room and suites, 56 condominium residences, dining options and meeting spaces. Ranging in size from 1,600 to 4,000 square feet, the residences will feature a mix of two-, three- and four-bedroom units. Trillist and sbe plan to break ground on the tower in early 2017 with completion slated for early 2019. Dakota Development, a subsidiary of sbe, will collaborate with Trillist on the property’s design and concept. SLS Atlanta Hotel & Residences will be situated near the Woodruff Arts Center, High Museum of Art, Midtown Mile and Piedmont Park.
SAVANNAH, GA. — CenterPoint Properties has signed Port Logistics Group Inc. to a long-term, 315,810-square-foot lease at 47 Sonny Perdue Drive in Savannah. The building is located within CenterPoint Intermodal Center near the Georgia Port Authority and the Norfolk Southern Dillard Yard. Situated on 26 acres, the property features 4,785 square feet of office space, 113 trailer parking positions, 50 exterior dock doors, 110 car parking spots, two drive-in doors and reinforced floor slabs. Port Logistics Group is a third-party logistics company that specializes in high-touch distribution for retailers and retail manufacturers through coastal gateway markets. John Simons of NAI Partners and Rex Benton of NAI Mopper Benton represented Port Logistics Group in the lease deal. John Neely and Danny Chase of Colliers International represented CenterPoint.
ATLANTA — GE Digital, a division of Boston-based General Electric, plans to establish its first global Digital Operations Center in Midtown Atlanta. The $3 million project is expected to create 250 jobs, including positions in system administration and engineering, full-stack operations and engineering and service desk operations. Ashley Morris of the Georgia Department of Economic Development represented the Global Commerce division in partnership with InvestAtlanta, the Metro Atlanta Chamber and Georgia Power. GE plans to open similar hubs in Miami and Providence, R.I., that will support the company’s global infrastructure operations.