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.
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.
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.
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.
ORLANDO, FLA. — Crossman & Co. has arranged a 45,928-square-foot lease for NYZ Apocalypse to open a new interactive Zombie Survival Experience in Orlando. The new themed attraction will open at Artegon Marketplace, a retail destination located at the north end of International Drive, in the second quarter of 2016. Zombie Survival Experience will join existing tenants such as Ron Jon, Cinemark, Bass Pro Shops, Book Warehouse and Boot Barn. The attraction will create between 60 to 70 full-time jobs. Tyler Wilkins of Crossman & Co. represented the undisclosed landlord in the lease transaction.
CHARLOTTE, N.C. — The Dilweg Cos. has sold One and Two SouthPark Center in Charlotte’s SouthPark office submarket for $46.5 million. The buyer is CCP Commercial Real Estate, a private real estate investment firm based in Virginia Beach, Va. Dilweg purchased the properties in 2013 for $33.5 million. Built in 1973 and renovated in 2008, One SouthPark Center is located at 6060 Piedmont Row Drive S. The 10-story, 147,000-square-foot office building was 96 percent leased at the time of sale. Built in 1980 and renovated in 1992 and 2009, the five-story, 95,000-square-foot Two SouthPark Center was 95 percent leased at the time of sale.
VALDOSTA AND NASHVILLE, GA. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two assisted living communities in Georgia to Omega Healthcare Investors for $20.2 million. The transaction was structured as a sale-leaseback deal, so the undisclosed seller will continue to operate the communities. The properties are a 109-unit community in Valdosta, sold for $17.5 million, and a 26-unit community in Nashville, sold for $2.7 million. Both are located in south Georgia near the Florida border. Bradley Clousing led the SLIB team in brokering the transaction.
DELRAY BEACH, FLA. — Marcus & Millichap has brokered the $11.3 million sale of Auburn Trace Apartment Homes, a 152-unit affordable housing community located at 625 Auburn Circle W. in Delray Beach. Built in 1990 on a 20.2-acre parcel, the low income housing tax credit property features one-, two- and three-bedroom residences. Community amenities include a large clubhouse, playground, volleyball court, landscaped courtyards, onsite management offices, a leasing center and a laundry facility. The property also features an onsite daycare and learning center that is leased and operated by a third party. Evan Kristol, Still Hunter III and Brandon Rex of Marcus & Millichap’s Fort Lauderdale office represented the seller and developer, Auburn Trace Ltd., and procured the buyer, a private investment group based in New York. The buyer purchased the asset in a 1031 tax deferred exchange.
PLANTATION, FLA. — CBRE has brokered the $10.9 million sale of a single-tenant, 24,826-square-foot retail property leased to The Fresh Market in Plantation. Allegra Tribeca Inc. purchased the property from IMOB Investments LLC. Located at 12171 W. Sunrise Blvd., the property was formerly leased to Borders Books and now serves as an outparcel to Petsmart Plaza. The Fresh Market opened for business at the location in December 2014. Todd Weintraub and Christian Napolitano of CBRE’s Miami office represented the seller in the transaction.
POMPANO BEACH, FLA. — Walker & Dunlop Inc. has arranged the $3.5 million refinancing of Fort Knox Self Storage, a single-story, 833-unit self storage facility in Pompano Beach. Built in 1975, the property features an onsite U-Haul truck rental, electronic gate access and moving and packing supplies. The borrower has owned the property since 2002 and changed management in 2012. The facility was 87 percent occupied at the time of sale. Paul Ahmed led Walker & Dunlop’s team in arranging the five-year loan with a 30-year amortization schedule.