Southeast

The Connor Group Sells Atlanta Apartment Community for $23.7M

by John Nelson April 17, 2015

ATLANTA — The Connor Group has sold Carriage Place, a 228-unit apartment community located near Emory University in Atlanta, for $23.7 million. The property is the company’s 20th community in the Atlanta market. The Connor Group entered the Atlanta market in 2003 and still owns five communities in the area. The Connor Group reportedly doubled their investment with the sale. The company has $1.5 billion in assets and owns and operates communities in Atlanta, Austin, Charlotte, Chicago, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham.

April 17, 2015

Retail Southeast Tennessee

Home Décor Retailer Castilleja to Open New Store in Nashville’s Edgehill Village

by John Nelson April 17, 2015

NASHVILLE, TENN. — Castilleja, a lifestyle and home décor retailer, plans to open a new 2,300-square-foot store in Edgehill Village, a shopping district right off Music Row in Nashville. The store is located at 1200 Villa Place, Suite 403. The company was founded by Liz Rose, a Grammy Award-winning songwriter. The store offers a variety of home furnishings, art, clothing and gifts.

April 17, 2015

Florida Mixed-Use Southeast

Axiom Capital Advisors Brokers $16.5M Sale of Mixed-Use Center in Coral Gables

by John Nelson April 16, 2015

CORAL GABLES, FLA. — Aventura, Fla.-based Axiom Capital Advisors has brokered the $16.5 million sale of Riviera Plaza, a 55,161-square-foot mixed-use development located at 1542 S. Dixie Highway in Coral Gables. Roberto Susi of Axiom Capital represented the buyer, Riviera Holdings Plaza LP, a partnership between Gadinsky Real Estate, Echion USA and 13th Floor Investments. The partnership purchased the asset in an off-market transaction. According to Susi, the new ownership is contemplating repositioning Riviera Plaza to include multifamily housing.

April 16, 2015

District of Columbia Loans Office Southeast

HFF Arranges $14.5M Acquisition Loan for D.C. Office Building

by John Nelson April 16, 2015

WASHINGTON, D.C. — HFF has arranged a $14.5 million acquisition loan for a 32,000-square-foot office building located at 1509 16th St. N.W. in Washington, D.C.’s Dupont Circle neighborhood. Dan McIntyre of HFF arranged the 10-year, fixed-rate loan through First National Bank on behalf of the borrowers, MidAtlantic Realty Partners LLC and UberOffices. In addition to the acquisition, the borrowers will use the loan proceeds to fund renovation/lease up costs. Originally built in 1909, the building will be fully renovated by early 2016 for UberOffices, which will occupy the entire office building.

April 16, 2015

District of Columbia Retail Southeast

Divaris Real Estate Brokers $5.5M Sale of Shopping Center in D.C.

by John Nelson April 16, 2015

WASHINGTON, D.C. — Divaris Real Estate Inc. has brokered the sale of Brookland Plaza, an 18,000-square-foot shopping center located at 3730 10th St. N.E. in Washington, D.C. Urban Investment Partners purchased the asset from Jan and Anna Slamen Family Trust for $5.5 million. Joseph Farina, John Camp and Amit Grover of Divaris represented the buyer and seller in the transaction.

April 16, 2015

Industrial South Carolina Southeast

Lyons Industrial Properties Brokers $3.3M Sale of 208,000 SF Industrial Facility in Gaffney

by John Nelson April 16, 2015

GAFFNEY, S.C. — Lyons Industrial Properties has brokered the sale of a 208,000-square-foot industrial facility located at 805 Victory Trail Road in Gaffney. The property is leased to Suminoe Textiles of America, a textile distributor to the automotive industry. Bobby Lyons of Lyons Industrial Properties represented the seller, Anderson Family Associates, in the transaction. Reger Holdings purchased the asset for $3.3 million.

April 16, 2015

Georgia Hospitality Southeast

HDP, Hotel Equities Acquire a Portfolio of Marriott Hotels in Georgia

by John Nelson April 15, 2015

ATLANTA — Atlanta-based Hotel Development Partners (HDP) and its joint venture partner, Atlanta-based Hotel Equities, have acquired a portfolio of seven select-service Marriott hotels in metro Atlanta and Macon. The joint venture purchased the portfolio from Houston-based Moody National for an undisclosed price. The seven hotels are Fairfield Inn & Suites in Macon, Fairfield Inn & Suites Alpharetta, Fairfield Inn & Suites Buckhead, Fairfield Inn & Suites Perimeter Center, SpringHill Suites Alpharetta, TownePlace Alpharetta and TownePlace Suites Kennesaw. HDP and Hotel Equities plan to invest $17 million in the portfolio for capital improvements. Hotel Equities will manage the seven hotels.

April 15, 2015

Retail Southeast Tennessee

Carolina Holdings, Branch Properties to Develop Shopping Center in Metro Nashville

by John Nelson April 15, 2015

HENDERSONVILLE, TENN. — Carolina Holdings Inc. has partnered with Atlanta-based Branch Properties LLC to develop Merchant Pointe at Indian Lake, a new 140,000-square-foot retail center located in Hendersonville, part of the Nashville metro area. The asset is located on 18 acres at Indian Lake Boulevard and North Anderson Lane. The property will have four anchor tenants, including The Fresh Market, Off Broadway, an unnamed fashion department store and an unnamed fourth anchor. According to Carolina Holdings, the four anchors are new to the market. The project team includes architect H. Michael Hindman Architects, civil engineer Ragan-Smith Associates and general contractor Harper Corp. BB&T is providing construction financing.

April 15, 2015

Restaurant Retail South Carolina Southeast

Arnold Cos. to Redevelop Retail/Entertainment Complex in Columbia

by John Nelson April 15, 2015

COLUMBIA, S.C. — Arnold Cos. has redevelopment plans for 700 and 800 Gervais St. in Columbia. The retail and entertainment complex is currently home to Tsunami, Rocket Man Piano Bar, Wet Willies and Jillian’s. Arnold Cos. plans to rebrand the complex as West End Alley and connect the complex with a new alleyway, as well as upgrade the façade, upgrade the lighting and add covered outdoor seating in the new alleyway. Arnold Cos. will also bring two new tenants to the complex: Atlanta-based Mexican chain Tin Lizzy’s and City Bar and Fondue. The two restaurants are slated to open in mid-2015. Once a Train Depot building and warehouse, the complex spans 94,000 square feet and features a 478-space parking lot wrapping around the perimeter of the complex. Arnold Cos.’s redevelopment of 700 and 800 Gervais St. will begin in the second quarter of this year.

April 15, 2015

District of Columbia Loans Multifamily Southeast

Greysteel Arranges $21.5M in Refinancing for Multifamily Portfolio in D.C.

by John Nelson April 15, 2015

WASHINGTON, D.C. — The Greysteel Co. has arranged $21.5 million to refinance a three-property, 193-unit multifamily portfolio located in Washington, D.C.’s Capitol Hill East neighborhood. Mark Bittenbender, Matthew Schwartz, Ari Firoozabadi and Paul Pierre of Greysteel arranged the loan through a conduit lender on behalf of the borrower, Capitol East Partners.

April 15, 2015

Newer Posts

Older Posts

Upcoming Events

Aug
06