Southeast

Merchants Walk Huntsville Whole Foods Market

RCP Cos. Opens Phase I of The Shops at Merchants Walk in Huntsville

by John Nelson November 12, 2015

HUNTSVILLE, ALA. — RCP Cos. has opened Phase I of The Shops at Merchants Walk, a 90,000-square-foot retail center in Huntsville. Phase I brings north Alabama its only Whole Foods Market. The 42,000-square-foot store anchors the center, which is roughly 90 percent pre-leased to tenants such as lululemon athletica, Farm Burger, Spa Sydell, Mountain High Outfitters, Maki Fresh, Orangetheory Fitness, Local Taco, The Masters Aveda Salon and DressUp Boutique. The shopping center is situated directly adjacent to the 650,000-square-foot Parkway Place, a regional mall.

November 12, 2015

Industrial North Carolina Southeast

Ziff Properties Sells Industrial Facility in Charlotte for $4.7M

by John Nelson November 12, 2015

CHARLOTTE, N.C. — Ziff Properties Inc. has sold Maplecrest Industrial Park, a 63,200-square-foot flex industrial facility located in Charlotte. The buyer, an undisclosed private buyer based in the Western U.S., purchased the asset for $4.7 million. The transaction marks Ziff Properties’ fifth North Carolina disposition this year. Jared Londry, Robert Cochran and Ashton Nolan of Cushman & Wakefield represented Ziff in the transaction.

November 12, 2015

Regal Entertainment Group Knoxville One Riverwalk

Office Southeast Tennessee

Southeastern Development Relocates Regal’s Headquarters to Knoxville

by John Nelson November 11, 2015

KNOXVILLE, TENN. — Southeastern Development Associates has signed Regal Entertainment Group to a lease that relocates its world corporate headquarters to downtown Knoxville. The company is the world’s largest theater chain with nearly 7,500 screens. Regal will occupy a nine-story, 178,000-square-foot office building located on the Tennessee River in Southeastern Development’s One Riverwalk mixed-use development. Upon completion, One Riverwalk will feature 300 luxury apartment communities, student housing, office space, a hotel, retail shopping, restaurants, a riverwalk esplanade, parks and an entertainment plaza. Regal is expected to bring approximately 400 employees with the relocation. Southeastern Development Associates, formerly known as Blanchard & Calhoun Commercial, partnered with Tennessee Governor Bill Haslam, the city of Knoxville, Knoxville Mayor Tim Burchett and the Tennessee Valley Authority. Tommy Saul, Rhodes Seeger and Chris Senn represented Southeastern Development Associates internally in the transaction.

November 11, 2015

Alabama Multifamily Southeast

Berkadia Brokers $29.2M Sale of Apartment Community in Birmingham

by John Nelson November 11, 2015

BIRMINGHAM, ALA. — Berkadia has brokered the $29.2 million sale of Stonecrest at Double Oak Mountain, a 315-unit apartment property located in Birmingham. Built in 1998, the garden-style community features two- and three-story buildings housing units that average 1,176 square feet. Atlanta-based Waypoint Residential purchased the property from Rodman Properties. David Oakley and Royce Emerson of Berkadia’s Alabama office represented the seller in the transaction.

November 11, 2015

Florida Retail Southeast

Auction.com Arranges $21.2M Sale of Retail Center in Orlando

by John Nelson November 11, 2015

ORLANDO, FLA. — Auction.com LLC has arranged the $21.2 million sale of Vista Centre Shoppes, a 98,411-square-foot retail center located at 8462 Palm Parkway in Orlando. The center is situated on a 13.9-acre site located down the street from Disney World. Built in 1989, the shopping center was 89.4 percent leased at the time of sale. A private buyer based in South Florida purchased the property from the Atlanta-based seller. Philip Kates, Adam Sklaver and Dean Lewis of Auction.com worked with Brad Peterson and Whitaker Leonhardt of HFF’s Orlando office to sell the property. Michael Lapointe and Adam Greenberg of Newmark Grubb Knight Frank represented the buyer.

November 11, 2015

Retail Southeast Tennessee

Matthews Retail Advisors Brokers Sale of Walmart in Knoxville

by John Nelson November 11, 2015

KNOXVILLE, TENN. — Matthews Retail Advisors has brokered the sale of a newly constructed, 119,378-square-foot Walmart in Knoxville. The trophy asset is located across the street from the University of Tennessee campus. The seller, CHM LLC, sold the asset for an undisclosed price in an off-market transaction. Aron Cline of Matthews Retail Advisors sourced the buyer and represented CHM in the transaction.

November 11, 2015

Florida Loans Retail Southeast

KeyBank Secures $11M CMBS Loan for Retail Center in Jacksonville

by John Nelson November 11, 2015

JACKSONVILLE, FLA. — KeyBank Real Estate Capital has secured an $11 million non-recourse, CMBS loan for University Center in Jacksonville. The 102,885-square-foot shopping center is fully leased to tenants such as LA Fitness, T.J. Maxx, Beall’s and Dollar Tree. Publix shadow anchors the center. Randy Martin of KeyBank secured the loan on behalf of the borrower.

November 11, 2015

Affordable Housing Loans Multifamily Southeast Tennessee

Greystone Closes $88.6M Affordable Housing Financing in Tennessee

by John Nelson November 10, 2015

NEW YORK — Greystone has closed an $88.6 million multifamily transaction for the acquisition and rehabilitation of 20 aged apartment communities totaling 793 residences in Tennessee. Greystone arranged the transaction on behalf of the owner and operator, The Hallmark Cos. Inc. Greystone worked closely with the Tennessee Housing Development Agency, as well as the USDA’s Rural Housing Service National Office and Tennessee State Office. The financing, which combined both public and private funding, included $28 million in tax-exempt bonds issued by The Health, Educational and Housing Facilities Board of Sevier County, Tennessee. Stifel, Nicolaus & Co. Inc. facilitated the bond issuance. Other capital sources included more than $16 million of Low Income Housing Tax Credits, the assumption of $21.8 million of original USDA Section 515 debt, $21.9 million of senior debt and $830,000 in additional funds.

November 10, 2015

Industrial Southeast Tennessee

Cushman & Wakefield Arranges 800,000 SF Industrial Lease in Memphis

by John Nelson November 10, 2015

MEMPHIS, TENN. — Cushman & Wakefield arranges 800,000-square-foot industrial lease at Memphis Oaks 3 located at 3860 E. Holmes Road in Memphis. The new lease brings the property to 100 percent occupancy. Patrick Walton and Kemp Conrad of Cushman & Wakefield/Commercial Advisors represented the landlord, Panattoni Development Co., in the lease transaction. Michael Reid and Tim O’Callaghan of Binswanger represented the tenant, an unnamed Fortune 500 retail company. The new tenant will occupy 500,000 square feet that Sharp Electronics will vacate at the end of the year. The remaining 300,000 square feet is currently vacant. In addition to the new tenant, General Electric leases 225,000 square feet at Memphis Oaks 3.

November 10, 2015

Baltimore-Washington Logistics Center Jessup

Industrial Maryland Southeast

G. Cefalu & Bro, Capital Seaboard Sign 160,000 SF Industrial Lease in Maryland

by John Nelson November 10, 2015

JESSUP, MD. — The parent company of G. Cefalu & Bro Inc., a wholesale produce supplier, and Capital Seaboard, a produce and seafood distributor, has signed a full-building industrial lease for 160,000 square feet within the Baltimore-Washington Logistics Center. The industrial park is located in Jessup, roughly halfway between Baltimore and Washington, D.C., in Howard County. The parent company, known as CGC Holdings Inc., signed the lease with the landlord, Manekin-sponsored MCA Assateague. The groundbreaking for the facility, located at 7350 Assateague Drive, is scheduled for Nov. 13, and construction is expected to wrap up in June 2016. The new facility will include an ESFR fire suppression system, LED lighting and multi-zone freezer/cooler areas.

November 10, 2015

Newer Posts

Older Posts