DANIA BEACH, FLA. — The Goodman Co. has acquired the 165,000-square-foot Bass Pro Shops Outdoor World in Dania Beach. The property is located near the Fort Lauderdale International Airport and adjacent to the IGFA Fishing Hall of Fame & Museum.
UNION CITY, GA. — Capital One Multifamily Finance has provided an $8.6 million HUD 221(d)(4) loan for the construction of Providence at Parkway Village, a 150-unit affordable rental community for seniors. The age-restricted property will be located in Union City, part of the Atlanta MSA. Carolyn Whatley of Capital One originated the transaction on behalf of the developer, The Benoit Group. John Rucker at Merchant Capital was the bond underwriter for the loan, which features a construction period of 16 months and a 40-year amortization schedule. Providence at Parkway Village is Phase III of the master-planned Parkway Village, which includes two other multifamily properties delivered in 2009 and 2011. In addition to the HUD loan, the project is being financed through tax-exempt bonds, a tax credit equity investment facilitated by Raymond James and the Low Income Housing Tax Credit, a HOME loan from the Georgia Department of Community Affairs and a loan from the Housing Authority of Fulton County.
MIAMI — Miami-based developer Melo Group has secured $67.1 million to fund the construction of Melody, a 36-story luxury apartment building in downtown Miami. The 497-unit property will be located at 245 N.E. 14th St. The ground floor of the tower will feature restaurant space with outdoor seating opening onto a central plaza. Construction began in September and is expected to wrap up in early 2016.
ARLINGTON, VA. — Kettler is planning to develop an 11-story, 198-unit high-rise apartment community in Arlington’s Crystal City neighborhood known as m.flats Crystal City. Capital One is providing construction financing for the project. KTGY Group Inc. has designed m.flats Crystal City to meet LEED Silver certification. The transit-oriented development will be located one block from the Crystal City Metro station and will feature a resident lounge with a gaming area, fitness center, street-entry bike room, landscaped courtyard with fire and water features, outdoor seating and dining areas, outdoor kitchens and a swimming pool with a sundeck and cabanas. The project team includes civil engineer Bohler Engineering and general contractor John Moriarty & Associates. The property will be Kettler’s sixth multifamily project in the Crystal City/Pentagon City market. Kettler is expecting to break ground this month and wrap up in October 2016.
CHARLOTTE, N.C. — Batson-Cook Construction breaks ground on The Gibson, a 250-unit apartment community located at 1000 Central Ave. in Charlotte. The developer on the $25 million project is Pollack Shores Real Estate Group and the architect is Poole and Poole Architects. The apartment development will neighbor the historic Plaza Midwood and Elizabeth neighborhoods. Batson-Cook expects to deliver the mid-rise, infill apartment community in the fourth quarter of 2015.
SUNSET BEACH, N.C. AND NORTH MYRTLE BEACH, S.C. — Multi Housing Advisors (MHA) has brokered the sales of the 168-unit Tides at Calabash in Sunset Beach and the 172-unit Cherry Grove Commons in North Myrtle Beach. Hamilton Point Investments LLC acquired Tides at Calabash from Berkadia for $12.6 million and Cherry Grove Commons from Aspen Square Management for $15.1 million. Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the sellers in both transactions. The buyer didn’t use a broker in either transaction. The two properties are approximately 15 miles apart.
NAPLES, FLA. — Steelbridge Capital has acquired Pelican Bay Executive Center, a three-building, 190,000-square-foot office complex in Naples. The park is located at Pine Ridge Road and Tamiami Trail. Tenants of Pelican Bay Executive Center include Wells Fargo Bank, Hahn Loeser LLP, Newsbank and Fischer International. The park was 71 percent leased at the time of sale. Michael Lynch of MLPA Realty Inc. represented Steelbridge Capital in the transaction. Christian Lee, Charles Foschini, Christopher Apone and Amy Julian of CBRE arranged acquisition financing for the transaction. CRE Consultants will handle the management and leasing of the office park.
ATLANTA — Columbia Property Trust, one of the largest office REITs in the nation, has completed the sale of a five-building, 1 million-square-foot office campus in Atlanta for $290 million. The campus, which is fully leased to AT&T Services Inc., is located at 1025, 1055, 1057 and 1277 Lenox Park Blvd. and 2180 Lake Blvd. in the Lenox Park office complex in the Buckhead office submarket. The buyer was undisclosed.
FORT LAUDERDALE, FLA. — CBRE’s capital markets debt & structured finance team has arranged $56 million in first mortgage bridge financing for One East Broward Boulevard, a 343,551-square-foot, Class A office tower in Fort Lauderdale. The 19-story tower was 82 percent leased at the time of sale. Jason Gaccione, Charles Foschini and Chris Apone of CBRE arranged the three-year, floating-rate, interest-only loan through Blackstone on behalf of the borrower, Ivy Realty.
FOUNTAIN INN, S.C. — Pattillo Industrial Real Estate has broken ground on a 205,000-square-foot speculative industrial facility, located on a 40-acre site at 141 Southchase Blvd. in Fountain Inn, roughly 20 miles southeast of Greenville. The Class A asset will be located in SouthChase Industrial Park and will be expandable up to 330,000 square feet. SouthChase Industrial Park is currently leased to 14 tenants, including Bosch Rexroth, W.W. Grainger, AVX Corp., Southeastern Products and Stueken. The new building will feature 30-foot clear heights, a 180-foot truck court, 45 dock positions, T5 lighting and an ESFR sprinkler system. Pattillo expects to deliver the facility in mid-2015. The developer has tapped NAI Earle Furman to lease and market the property.