ROANOKE, VA. — The 126-room Hampton Inn & Suites Roanoke Airport has opened at 5033 Valley View Blvd. North N.W. in Roanoke. The hotel is the third Hampton hotel in the Roanoke area and the 59th in Virginia. DSA Roanoke LLC owns the hotel, which is located near Roanoke Airport, Virginia Tech and the Roanoke and Salem civic centers.
Southeast
WASHINGTON, D.C. — Marcus & Millichap has brokered the $3.6 million sale of Capitol Hill Luxury Residences, a six-unit condominium project located on 8th Street N.E. in Washington, D.C. Each unit in the property is approximately 2,500 square feet. Nathan Pealer and Marty Zupancic of Marcus & Millichap’s Washington, D.C. office represented the seller, a subsidiary of a global financial institution, and the buyer, a fund manager.
ST. AUGUSTINE, FLA. — NAI Realvest has arranged the $3.5 million sale of a 145,500-square-foot industrial property located at 3200 Parker Drive in St. Augustine. Paul Partyka of NAI Realvest represented the buyer, Panther Ideal Holdings LLC, in the transaction. Gary Marcy of CBRE’s Jacksonville office represented the seller, St. Augustine Holdings LLC. The buyer will be moving its Ideal Aluminum operations to the facility, bringing 90 to 100 jobs to the area.
BRANDON, FLA. — CBRE has arranged the $2.1 million sale of a former Borders book store in Brandon. The 22,585-square-foot property is located at 2020 Town Center Blvd. The buyer, Florida Medical Clinic, plans to convert the former bookstore into medical offices. CBRE represented the seller, Business Property Lending, in the transaction. Gregory Morgan of Morgan Realty Advisors represented Florida Medical Clinic, which operates more than 30 locations in Hillsborough and Pasco counties.
MIAMI — Swire Hotels is set to open EAST, Miami, the company's first hotel in the United States. The hotel, which will feature 263 guestrooms and 89 apartment units, is set to open in 2015 at Brickell City Centre, Swire Properties Inc.'s $1.05 billion mixed-use development in Miami's Brickell neighborhood. The hotel will feature two restaurants, a poolside bar and lounge, rooftop bar, meeting rooms, banquet halls, outdoor pool deck and a 24-hour fitness center. The property is Swire Hotels' third hotel, with the other two being EAST, Hong Kong and EAST, Beijing. The design team includes architect Arquitectonica and interior designer Clodagh Design.
GAINESVILLE, VA. — The Peterson Cos. has unveiled the newest merchants to join Promenade at Virginia Gateway, the fifth and final phase of the 1.3 million-square-foot Virginia Gateway development in Gainesville. The 300,000-square-foot Promenade will add Charming Charlie (5,900 square feet), LOFT (5,400 square feet), White House Black Market (3,500 square feet), Francesca's Collections (1,400 square feet), Soma Intimates (2,500 square feet), Pinkberry (1,250 square feet), IT'SUGAR (1,800 square feet) and Presley Laurent Salon & Spa (2,500 square feet). The new retailers and eateries will debut at the property's opening on April 26. With the new additions, the lifestyle center is 97 percent leased.
ROCK HILL, S.C. — Angelic Real Estate and Red Rock Development have closed the sale-leaseback financing of a 105,000-square-foot headquarters and lab building in Rock Hill, part of the greater Charlotte, N.C., area. The financing amount was roughly $24.4 million. Red Rock developed the property on behalf of the tenant, Physicians Choice Laboratory Services (PCLS). The facility serves as PCLS' headquarters and primary testing facility. BlackArch Partners also provided financial advisory services to PCLS in the transaction. Red Rock Development and Angelic Real Estate have a strategic partnership for the financing and capitalization of commercial properties.
CHARLOTTE, N.C. — H.H. Gregg has signed a 10-year lease to occupy 22,934 square feet at Windsor Square Shopping Center in Charlotte. Other tenants of the 661,156-square-foot shopping center include PetSmart, Sam's Club, Kohls, JC Penney, Ross Dress for Less, Office Depot, DSW Shoes, Lifetime Fitness, Dress Barn, Shoe Carnival, Justice, Rue 21, Vision Works and Outback Steakhouse. Sterling Organization, owner of Windsor Square Shopping Center, will debut the new H.H. Gregg store in September. Jeff McElhinny of Atlantic Retail Properties represented H.H. Gregg in the transaction.
CHARLOTTE, N.C. — NorthMarq Capital has arranged approximately $2.9 million to refinance Mallard Professional Center, a 31,500-square-foot office building in Charlotte. Kevin Jenkins of NorthMarq's Charlotte office arranged the five-year loan with a 20-year amortization schedule through an unnamed credit union.
BALTIMORE — Eastern Union has arranged a $21.5 million CMBS loan for the conversion of the Equitable Building, located at 10 N. Calvert St. in Baltimore, into a 180-unit apartment building. The borrower, JK Equities, is investing a total of $32 million in the repositioning of the nine-story asset. Ira Zlotowitz and Meir Kennser of Eastern Union arranged the three-year loan with a fixed 4.91 percent interest rate through Natixis Global Asset Management.