Southeast

Franklin Street Brokers $2.3M Sale of Retail Property in Georgia

by John Nelson March 10, 2016

WINDER, GA. — Franklin Street has arranged the $2.3 million sale of Mill Shoppes of Winder, a 19,019-square-foot, two-building retail development in Winder. The property is located at 105 and 111 E. May St. John Tennant and Bryan Belk of Franklin Street’s Atlanta office represented the seller, Alpha Opportunity Fund I LLC, in the transaction. An unnamed Atlanta-based private investor purchased the property, which is currently 79 percent leased to tenants such as Subway, Titlemax of Georgia and Little Caesars Pizza.

March 10, 2016

Georgia Retail Southeast

Amazon to Open New Pickup Location at Georgia Tech in Atlanta

by John Nelson March 9, 2016

ATLANTA — Amazon has signed an agreement with Georgia Tech to open a staffed pickup location on the school’s campus at 86 Fifth St. N.W. in Midtown Atlanta. Known as Amazon@GeorgiaTech, the 2,500-square-foot space in the school’s Technology Square area will be used by patrons to pick up and return Amazon orders. Amazon Student and Prime members will be able to receive free same-day pickup for Amazon orders placed by noon and free one-day pickup for orders placed by 10 p.m. This is Amazon’s first staffed pickup location in the state of Georgia. Since 2015, Amazon has opened staffed pickup locations at the following universities: Purdue University, University of Massachusetts Amherst and University of California, Berkeley, as well as in the college communities of University of California, Santa Barbara, and University of Cincinnati. Amazon will open four more locations in 2016 at the University of Pennsylvania, University of California, Davis, and The University of Texas at Austin, as well as in the college community of University of Akron.

March 9, 2016

South Carolina Southeast Student Housing

ARA Newmark Brokers Sale of Student Housing Community in Clemson

by John Nelson March 9, 2016

CLEMSON, S.C. — ARA Newmark has arranged the sale of the 107-unit Campus View student housing property in Clemson. The 355-bed community was constructed in 2014 and was 99 percent occupied at the time of sale. The fully furnished property is within walking distance of Clemson University, three of its sports stadiums and the College Avenue district, which features more than 20 restaurants, bars and entertainment venues. Campus View is the only student housing property in Clemson that features on-site retail space. The property also includes a pool, sun deck, fitness center, entertainment facilities and an art gallery. Charleston-based developer McAlister Development sold Campus View to Columbus Nova in partnership with Coastal Ridge Real Estate. Campus View is Columbus Nova’s first student housing acquisition. Ryan Lang of ARA Newmark’s student housing group represented McAlister Development in the sale.

March 9, 2016

Florida Loans Multifamily Southeast

Dougherty Mortgage Closes $18M HUD Construction Loan for Central Florida Apartment Community

by John Nelson March 9, 2016

DAVENPORT, FLA. — Dougherty Mortgage LLC has closed an $18 million HUD 221(d)(4) loan for the construction of The Portofino at Champions Gate, a 120-unit apartment community in Davenport. The property will be built within the Champions Gate area of the city. The community will include one-, two- and three-bedroom units with attached garages. Community amenities will include a clubhouse with a fitness center, pool area with hot tub, a business center, volleyball court and a car wash. Dougherty Mortgage’s Minneapolis office arranged the loan on behalf of the borrower, Portofino at Champions Gate LLC.

March 9, 2016

Florida Office Southeast

NGKF Capital Markets Brokers Sales of Office Building, 7-Eleven Totaling $10.7M

by John Nelson March 9, 2016

ALTAMONTE SPRINGS AND WINTER GARDEN, FLA. — NGKF Capital Markets has brokered the sales of two commercial properties in metro Orlando totaling $10.7 million. The transactions include the $6.2 million sale of a 100,000-square-foot, Class A office building in Altamonte Springs and a 7-Eleven store and gas station in Winter Garden. Michael Davis of NGKF represented the seller, CenturyLink, in the sale of the fully leased office building, which is located at 850 E. Altamonte Drive. Adam Greenberg and Michael Lapointe of NGKF represented the seller of the 4,798-square-foot 7-Eleven, Boca Brickell 13 LLC.

March 9, 2016

Goshen Plaza Gaithersburg CVS McDonald’s

Maryland Retail Southeast

CVS, McDonald’s Renew Leases at Goshen Plaza in Gaithersburg

by John Nelson March 9, 2016

GAITHERSBURG, MD. — Elion Partners has inked long-term lease renewals with CVS and McDonald’s at Goshen Plaza, a 45,654-square-foot shopping center in Gaithersburg. Rappaport manages Goshen Plaza’s leasing strategy, physical plant and construction activities on behalf of Elion Partners. Goshen Plaza has recently undergone a capital improvement program that included upgrades to the shopping center’s exterior, landscaping and parking lots.

March 9, 2016

North Carolina Retail Southeast

Publix to Anchor Shopping Center in Eastern North Carolina

by John Nelson March 8, 2016

GREENVILLE, N.C. — Publix Super Markets has signed a 49,000-square-foot lease at Greenville Square, a 150,000-square-foot shopping center in Greenville. Publix will replace a former K Mart upon opening in 2017. Brodyco, the owner of Greenville Square since 2005, is redeveloping the shopping center with a new façade, parking lot, lighting and landscaping to make room for Publix, as well as several new national, regional and local retailers. Publix currently has more than 1,100 stores, 11 of which are in North Carolina.

March 8, 2016

Florida Multifamily Southeast

Park Partners Residential Breaks Ground on Apartment Community in South Florida

by John Nelson March 8, 2016

DAVIE, FLA. — Park Partners Residential plans to develop PARC3400, a 259-unit apartment community located at 3400 Davie Road in Davie, roughly 25 miles north of Miami. Park Partners, a joint venture between Giles Capital Group, Rosemurgy Properties and FSG Holdings, plans to deliver the Class A property in spring 2017. The community will include one-, two- and three-bedroom residences with granite countertops, stainless steel appliances, modern lighting fixtures, walk-in closets, washer/dryer units, ceiling fans, impact resistant doors and windows and private balconies/patios. Community amenities will include a clubhouse, swimming pool and pavilion, 84 bicycle parking spaces and car charging stations. The project team includes law firm Dunay, Miskel & Backman LLP, architect RLC Architects, general contractor Current Builders and interior designer VPA Interiors. Park Partners will manage and lease the asset, and HFF’s Miami office is managing construction financing.

March 8, 2016

Arkansas Multifamily Southeast Student Housing

Arkansas State, Zimmer Development to Develop Two On-Campus Residential Complexes

by John Nelson March 8, 2016

JONESBORO, ARK. — Arkansas State University (ASU), in a public-private partnership with Zimmer Development Co., is set to begin construction on two new on-campus residential complexes. The project will include a 350-bed undergraduate facility on the east side of the Arkansas State campus, and a 165-bed complex primarily for graduate students on the west side of campus. The undergraduate housing will feature four-bed apartments that are approximately 33 percent larger than the university’s current offerings. The graduate complex will offer one- and two-bedroom units. Both complexes will feature nine-foot ceilings, a washer and dryer in each unit, walk-in closets and private bathrooms. Construction is expected to begin after spring semester with completion scheduled for the fall 2017 school year. The 35-year land lease with Zimmer Development is the first of its kind for Arkansas State University, which owns and maintains the current inventory of 3,200 beds. The ASU System Board of Trustees approved the 35-year land lease with Zimmer Development on Feb. 26.

March 8, 2016

Florida Loans Retail Southeast

Meridian Capital Group Arranges $18M CMBS Loan for Shopping Center in Orlando

by John Nelson March 8, 2016

ORLANDO, FLA. — Meridian Capital Group has arranged $18 million in CMBS financing for the refinancing of Deerfield Plaza, a 106,292-square-foot shopping center located at 12700 S. Orange Blossom Trail in Orlando. The property is anchored by LA Fitness, which has 10 years remaining on its lease, and a Wendy’s outparcel. The shopping center was 95 percent leased at the time of financing. Tal Bar-Or of Meridian Capital’s New York City office arranged the 10-year, fixed-rate loan through an unnamed CMBS lender on behalf of the borrower, Blue Sphere. The loan features four years of interest-only payments.

March 8, 2016

Newer Posts

Older Posts