Southeast

Westwood Financial Signs Publix as Anchor of Steele Creek Crossing in Charlotte

by John Nelson November 10, 2014

CHARLOTTE, N.C. — Westwood Financial Corp. has signed Publix to occupy a 47,000-square-foot footprint at Steele Creek Crossing, a 77,301-square-foot shopping center located at 12810 S. Tryon St. in Charlotte. The shopping center’s tenant roster includes Rite Aid, Five Guys Burgers and Fries, Little Caesars Pizza, Nationwide Insurance and H&R Block. Westwood Financial’s Steele Creek Crossing was fully leased following Publix’s lease. Steele Creek Crossing is one of seven former Bi-Lo locations that Publix has taken over in the Charlotte area.

November 10, 2014

Maryland Multifamily Seniors Housing Southeast

Cassidy Turley Brokers Sale of Seniors Housing Community in Maryland

by John Nelson November 10, 2014

BERLIN, MD. — Cassidy Turley has brokered the sale of Gull Creek Senior Living Community in Berlin. The 86-unit seniors housing property is composed of 39 independent living units, 37 assisted living units and 10 memory care units. Allen McMurtry, Megan Fetter and David Kliewer of Cassidy Turley represented the undisclosed seller in the transaction. The buyer was an affiliate of WMD Asset Management LLC.

November 10, 2014

Mixed-Use North Carolina Southeast

Pappas Properties Breaks Ground on $60M Harris Teeter-Anchored Center in Charlotte

by John Nelson November 7, 2014

CHARLOTTE, N.C. — Pappas Properties has commenced construction on Berewick Town Center, a Harris Teeter-anchored shopping center in Charlotte’s Steele Creek neighborhood. The asset will be located at the intersection of Dixie River Road, Steele Creek Road and Shopton Road West. The $60 million Phase I of Berewick Town Center includes a town center structure with a 53,000-square-foot Harris Teeter, Walgreens drug store, retail space, restaurants and a hotel. Pappas Properties plans to deliver Phase I in summer 2016. Phase II will feature medical office space, office space, multifamily residences and additional retail space. Shelco is the general contractor, and Shook Kelley and LandDesign are providing architecture and engineering services for the project. Brian Roth of Pappas Properties is handling outparcel sales and office space interest for Berewick Town Center, while Gwen Glaeser of CNL represents the development and its retail and shop space leasing needs.

November 7, 2014

Florida Office Southeast

Avison Young Brokers $33M Sale of Office Campus in Boca Raton

by John Nelson November 7, 2014

BOCA RATON, FLA. — Avison Young has brokered the $33 million sale of 595 Financial Center, a two-building, Class A office portfolio totaling 116,000 square feet. The properties are located at 555 and 595 S. Federal Highway in Boca Raton. Keith O’Donnell and Jonathan Senn of Avison Young represented the buyer, Pinnacle Holdings Inc., in the off-market transaction. Pinnacle Holdings purchased the office campus in a 1031 tax-deferred exchange. Charles Shane of Bryason Realty Corp. represented the unnamed seller. Morgan Stanley is the anchor tenant of 595 Financial Center.

November 7, 2014

North Carolina Southeast

Argus, Percival Partners Broker $22M Sale of Self Storage Portfolio in the Carolinas

by John Nelson November 7, 2014

CHARLOTTE, N.C. — Charlotte-based Percival Partners LLC and Argus Self Storage Sales Network (ASSSN) have brokered the $22 million sale of a five-property self storage portfolio in North and South Carolina. The portfolio totals 2,400 units and 350,000 square feet, with three assets located in North Carolina and two in South Carolina. Extra Space Self Storage manages all five assets. A national self storage REIT purchased the portfolio in an off-market transaction utilizing an acquisition loan provided by an unnamed CMBS lender. Joey Godbold of Percival Partners and Ben Vestal of ASSSN represented the unnamed seller in the transaction.

November 7, 2014

Loans Southeast Tennessee

BB&T Provides $9.1M Refinancing for Windsor Square in Knoxville

by John Nelson November 7, 2014

KNOXVILLE, TENN. — BB&T has provided a $9.1 million loan to refinance Windsor Square Shopping Center, a 299,329-square-foot retail center in west Knoxville’s Cedar Bluff submarket. The shopping center is located at North Seven Oaks Drive and Kingston Pike near I-40. The property is fully leased to tenants such as Old Time Pottery (67,800 square feet), Burlington Coat Factory, Big Lots and Carmike Cinemas. Southern Management and Development LLC (SMD) leases and manages the property. BB&T provided the loan to Windsor Square’s owner, an unnamed private partnership.

November 7, 2014

Maryland Retail Southeast

Greysteel Arranges $2.5M Sale of The Shops at Federal Hill in Baltimore

by John Nelson November 7, 2014

BALTIMORE — The Greysteel Co. has brokered the $2.5 million sale of The Shops at Federal Hill, a 5,750-square-foot retail property located at 1100 Light St. in Baltimore’s historic Federal Hill neighborhood. The property is fully leased to Unleashed by Petco and Dunkin’ Donuts. Gil Neuman led the Greysteel’s Mid-Atlantic retail investment sales team in representing the seller, 28 Walker Development, as well as procuring the buyer, Federal Hill Shops LLC.

November 7, 2014

Loans Southeast

Arbor Finances $67.5M in Multifamily Deals in Eastern U.S.

by John Nelson November 6, 2014

UNIONDALE, N.Y. — Arbor Commercial Funding LLC has funded 20 loans totaling $67.5 million for apartment communities in the eastern United States. Alexander Kaushansky of Arbor’s New York office originated all 20 loans. The properties include Harbor Pines Apartments in Saint Marys, Ga.; Frontier Apartments in Roanoke, Va.; Courtyard Park Apartments in Hyattsville, Md.; a multifamily portfolio in Dallas and Charlotte; Anderson Springs in Austin, Texas; an unnamed property in Charlotte; Winterwood Apartments in Columbus, Ohio; Beechwood Park Apartments in Vicksburg, Miss.; Apartments at 45th and Eads in Washington, D.C.; 370 Central Ave. in the Brooklyn borough of New York City; 18th Avenue Apartments in Newark, N.J.; Dauphine Apartments in Mobile, Ala.; Twin Oaks Apartments in Mobile, Ala.; Woodside Villas in Fort Myers, Fla.; Georgia Pine Townhomes in West Palm Beach, Fla.; Sunshine Garden Apartments in Pembroke Pines, Fla.; Palm Villas in Fort Myers, Fla.; Monvil Apartments in Lake Worth, Fla.; Parkside Villas in Fort Myers, Fla.; and Hemingway at Stuart in Stuart, Fla.

November 6, 2014

Office South Carolina Southeast

Accesso Partners Buys Class A Office Building in Remount Business Park

by John Nelson November 6, 2014

NORTH CHARLESTON, S.C. — Accesso Partners LLC has purchased Remount II, a Class A, 105,147-square-foot office building in North Charleston. The property is located at 1141 Remount Road in the Remount Business Park. The sales price was undisclosed. The 65-acre Remount Business Park was co-developed by Remount Venture, Venture One Real Estate Co. and Chicago-based Clayco Corp. Remount II was 92 percent leased at the time of sale to tenants such as SAIC International, Booz Allen Hamilton, CACI, Simplex Grinnell/TYCO and ManTech. HFF’s debt placement team led by senior managing director Susan Hill secured a senior loan through JP Morgan Securities Inc. Paul Gaines of Accesso Partners will take over as asset manager for Remount I and II, and Accesso Services will assume property management services. Glenn Goodwin and Bart Langlois of Landmark Enterprises in Mt. Pleasant, S.C. remain leasing brokers for Remount II.

November 6, 2014

Industrial Mississippi Southeast

Hart Corp. Brokers Sale of 200,000 SF Industrial Facility in Mississippi

by John Nelson November 6, 2014

SENATOBIA, MISS. — Hart Corp. has brokered the sale of a 198,723-square-foot facility on an 18.7-acre site in Senatobia. Jim Belcher and Bart Hardison of Hart Corp. represented the buyer, Calbee North America LLC, a Japanese joint venture. Colliers International represented the seller, The Hollingsworth Co., in the transaction. Tim Climer of the Tate County Economic Development Foundation and Emlyn Jackson of the Mississippi Development Authority assisted in attracting Calbee North America LLC to the facility.

November 6, 2014

Newer Posts

Older Posts

Upcoming Events

Aug
06