GREER, S.C. — NorthMarq Capital has arranged the $10 million refinancing of Halcyon at Cross Creek Apartments, a 152-unit multifamily community located at 1200 Halcyon Circle in Greer. Bill Matone of NorthMarq’s Charlotte office arranged the 10-year loan with a 30-year amortization schedule through Freddie Mac.
CHARLOTTE, N.C. — The Retail Brokers Network (RBN), a national network of retail real estate brokers, has selected Debbie Currier as its new president. Currier is the first woman to hold this position in the organization’s almost 25-year history. Currier will be replacing RBN’s outgoing president Chuck Lanyard, president of RBN’s member firm The Goldstein Group. As president of RBN, Currier will be responsible for helping grow the organization’s brand, representing RBN at industry-related events, recruiting new RBN brokerage offices and facilitating education and networking between the 65 member firms. “I’m delighted to be RBN’s new president, and I look forward to working with the executive team and member offices to contribute to the future success of this great organization,” says Currier. “It is also an honor to be the first woman president at a time when women are assuming more leadership roles in the commercial real estate industry.” Currier is the owner and president of Currier Properties, a Charlotte-based retail real estate brokerage firm and member of RBN. Her corporate clients include Target, CarMax, Hancock Fabrics, rue21, GNC, FedEx Office, Pet People and Rainbow Fashions. Founded in 1992, RBN operates in 48 states. The organization’s network of firms has …
ATLANTA — American Realty Capital Healthcare Trust III LLC (ARC), a healthcare REIT, has purchased Renaissance on Peachtree, a 229-unit independent living and assisted living community in Atlanta’s Buckhead district, for $78.6 million. Lisa Widmier and Matthew Whitlock of CBRE Capital Markets’ National Senior Housing team represented the seller, a joint venture between The Carlyle Group and Formation Development Group, in the transaction. The seniors housing community was 94 percent occupied at the time of sale.
MIAMI — Swire Properties Inc., along with retail co-developers Whitman Family Development and Simon Property Group, has revealed the tenant list for Brickell City Centre’s 500,000-square-foot, open-air shopping center under construction in Miami’s Brickell district. The nearly 40 tenants joining the open-air center include Armani Collezioni, Intermix, REISS, SportsAction, Kendra Scott, Nars, American Harvest, Luke’s Lobster, AT&T and Westime. Swire Properties is incorporating a Miami Metromover stop that exits directly into the shopping center’s third floor. Brickell City Centre’s two condo towers, two office towers and EAST, MIAMI hotel are set for delivery in 2016, prior to the shopping center’s opening.
TAMPA, FLA. — Franklin Street Capital Advisors (FSCA) has closed the $20 million refinancing of Campus Palms Apartments, a 570-bed student housing property in Tampa. Ben Miller and Casey Siggins of FSCA arranged the 10-year loan on behalf of a private investor based in Miami. The non-recourse loan features a fixed 4.85 percent interest rate and a 30-year amortization schedule.
GREENVILLE, S.C. — DNA Partners has purchased The Gallery, a 142,000-square-foot retail center located on Haywood Road in Greenville. The Gallery is leased to Gabe’s and Conn’s and features a Chick-fil-A at its entrance. DNA Partners plans to add outdoor seating and update the landscaping of the center’s courtyard. The firm is also planning to redesign the center’s side building to accommodate active outdoor lifestyle tenants.
ATLANTA — Hillwood, a Dallas-based Perot company and real estate developer and investor, has opened a new office in Atlanta. The company has hired Todd Parker as senior vice president and market leader to oversee the firm’s industrial business in the Southeast region. Parker, who will be based in Atlanta, brings more than 14 years of experience in the office and industrial real estate sectors. Before joining Hillwood, Parker served as vice president and regional director at The Rockefeller Group. “We are excited to welcome Todd Parker to the Hillwood team. His experience will enable us to develop, acquire and joint venture significantly more properties in the region,” said Tal Hicks, president of Hillwood Investment Properties. “We see significant opportunities for growth in the Southeast region. Todd will be a great asset as we continue to increase our presence in this market.”
BENTONVILLE, ARK. — Bentonville-based Wal-Mart Stores Inc. (NYSE: WMT) is set to close 269 stores in the U.S. and globally. In total, the stores to be shuttered represent less than 1 percent of both global square footage and revenue. Wal-Mart Stores will close 154 locations nationally, including 102 of the company’s smallest format stores, Walmart Express. Click here for a full list of the stores set to close. Walmart intends to focus on strengthening the company’s Supercenters, optimizing Neighborhood Markets, growing e-commerce and expanding pickup services for customers. Also included in the closures are 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers and four Sam’s Clubs. The company is closing 115 stores internationally, including 60 loss-making stores in Brazil and 55 primarily small, loss-making stores in other Latin American markets. Domestically, Wal-Mart intends to open 50 to 60 Supercenters and 85 to 95 Neighborhood Markets in fiscal 2017. Sam’s Club also intends to open seven to 10 new locations. The financial impact of these closures is estimated to be approximately 20 to 22 cents of diluted earnings per share from continuing operations, with approximately 19 to 20 cents expected to impact the fourth quarter of …
ATLANTA — Kroger’s Atlanta Division and New City LLC plan to transform an existing Kroger store on Ponce de Leon Avenue in Atlanta as part of a mixed-use development along the Atlanta BeltLine. The new development, known as 725 Ponce, will include a new 60,000 square-foot Kroger below 360,000 square feet of Class A loft office space. The office space will be delivered in a similar fashion as the adjacent Ponce City Market, which is currently more than 90 percent leased. The building will include open floor plates with exposed 13-foot ceilings, divided light windows, an industrial aesthetic and multiple stair-stepped outdoor terraces. The development team has hired Aileen Almassy of Cushman & Wakefield to lease the office space. Below the footprint of the project, more than 900 new parking spaces will be constructed to serve future office tenants, as well as to the general public on nights and weekends. The new Kroger prototype store will feature a dedicated entrance to the Atlanta BeltLine and replace the existing Kroger store, which was built in 1986 and known to locals as “Murder Kroger.” New City will be working with the owners of the adjacent Ford Factory to create a new dedicated …
BOCA RATON, FLA. — A joint venture partnership between Rosemurgy Properties, Giles Capital Group and Lewis Rental Properties has sold a three-property student housing real estate portfolio in South Florida for $105.3 million. University Park, University View and University Square are located in Boca Raton near Florida Atlantic University. The properties were purchased by an affiliate of Investcorp, a Bahrain-based investment manager, according to The Real Deal. University Park, which sold for $70 million according to The Real Deal, opened in April 2015. The 11-acre, 280,000-square-foot community features eight, four-story buildings with 598 beds in 159 units. Units in University Park are fully furnished and include flat-screen TVs, private bathrooms and in-unit washers and dryers. The complex includes a clubhouse with a lounge, 24-hour gym, gaming rooms and computer labs. Outdoor amenities include a resort-style pool, fire pits and free transportation to and from nearby universities and colleges. Boca Sol was purchased in January 2014, repositioned for student housing and rebranded as University Square. The property, which was built in 1969 and sold for $15 million according to The Real Deal, consists of five, two-story buildings totaling 90 units with 128 beds. Addison Park was purchased in March 2013 and …