MIRAMAR, FLA. — Spirit Airlines has signed a 70,819-square-foot lease renewal and expansion of its South Florida headquarters in the Miramar Park of Commerce. The Spirit Support Center is located at 2800 Executive Way in Miramar. The company’s expansion totals 14,625 square feet of office space at 2844 and 2854 Corporate Way. The airline employs approximately 1,300 people in South Florida, including its staff at the Spirit Support Center. Andrew Ansin and Maridee Bell of Sunbeam Properties represented the landlord in the lease deal. Chris Lovell, Greg Katz and Roy Abernathy of Studley Inc.’s Miami office represented Spirit Airlines.
Southeast
ATLANTA — HFF has secured $41.4 million in financing for a five-building office and industrial portfolio totaling approximately 700,000 square feet in Texas, Georgia and Florida. Mark Sixour and Bill Ireland of HFF arranged the 10-year, fixed-rate loan through The Royal Bank of Scotland on behalf of the borrower, FRAPAG America Inc. The properties include the Riverpark Distribution Center in Fort Worth, Texas; the Northmont Distribution Center in Duluth, Ga.; and the Waterview Office Buildings in Jacksonville, Fla.
WASHINGTON, D.C. — Finmarc Management Inc., a Bethesda, Md.-based commercial real estate services firm, has purchased a nine-building, 342,000-square-foot portfolio from First Potomac Realty Trust for $33 million. The properties consist of a mix of flex, office, retail and warehouse space and are located in Gaithersburg, Md., a suburb of Washington, D.C. The facilities, which are combined 82 percent leased, include Girard Place, Girard Business Center and Gateway Center. The acquisition was part of a 1031 tax-free exchange. Eric Berkman, Steve Gichner and Gideon Gil of Cushman & Wakefield represented the seller in the transaction.
WASHINGTON, D.C. — Cassidy Turley has arranged $32.1 million in permanent financing for a fully leased office building, located at 801 N. Capitol St. N.E. in Washington, D.C. John Campanella and Paul Spellman of Cassidy Turley arranged the loan through a bank on behalf of the borrower, ASB Real Estate Investments. The 87,833-square-foot office building is fully leased to the District of Columbia under a long-term lease.
ATLANTA — The Fulton County Office of the Public Defender has leased 48,000 square feet of office space at 100 Peachtree, a 32-story office building located in downtown Atlanta. About 110 attorneys, administrators and legal staff will occupy three floors. Brad Jancik and Eric Ross of CBRE represented the landlord, Coral Gables, Fla.-based America’s Capital Partners, in the lease deal.
LOGANVILLE, GA. — Dollar General will open a new store at 1901 Georgia Highway 81 in Loganville. The new store is set to employ about six to 10 people. “Dollar General is committed to delivering a pleasant shopping experience that includes a convenient location, a wide assortment of merchandise and great prices on quality products,” says Dan Nieser, senior vice president of real estate and store development of Dollar General. “We hope our Loganville customers will enjoy shopping at Dollar General’s new location.”
SAVANNAH, GA. — In a joint venture with The Kroger Co., Blanchard & Calhoun Commercial has broken ground on Market Walk, a grocery-anchored retail center in Savannah. The new development will house the city’s largest Kroger supermarket and its first Dick’s Sporting Goods store. Market Walk will also house Chipotle Mexican Grill, Fiddler’s Crab House, The Original Pancake House, Super Cuts and John B. Rourke. Kroger is expected to open in April, while Dick’s Sporting Goods and the rest of the center will open in the fall.
MIAMI, HIALEAH AND HOLLYWOOD, FLA. — Franklin Street Real Estate Services has brokered the sale of 102 multifamily units in South Florida for approximately $8.3 million. The units are located in three different communities: Jaclyn Apartments in Hialeah, Garden View in Miami and a 10-unit apartment community in Hollywood. A Panamanian investor purchased the Jaclyn Apartments from Jaclyn LRP for approximately $6 million. Fly Away 2012 LLC, based in Buenos Aires, Argentina, purchased 20 condominium units in the 68-unit Garden View property from Unique Yidios LLC for approximately $1 million. Van Buren Holdings Inc., which was backed by a foreign investor, purchased the Hollywood apartment community located at 343 Van Buren St. from 720 Property LLC for approximately $1.2 million. Deme Mekras, Elliot Shainberg and David Reinke of Franklin Street Real Estate Services represented the sellers in all three transactions, as well as Fly Away 2012 LLC in the Miami transaction.
CLARKSTON, GA. — Pembrook Capital Management LLC has provided a $13.7 million bridge loan for the recapitalization and renovation of Alden Ridge, a 368-unit garden-style apartment community located in Clarkston, a northeast suburb of Atlanta. The property is located on the south side of Post Oak Road and the east side of Brockett Road. The borrower plans to use the financing to pay off an existing loan, recapitalize its ownership structure, fund property renovations and pay any closing costs and fees.
ANDERSON AND GREENVILLE, S.C. — NAI Earle Furman has arranged the sale of three apartment communities, including the 32-unit Newport Commons in Anderson, the 48-unit Colony North and the 36-unit Colony Place, both located in Greenville. The buyer, DHP Real Estate, purchased all three communities for $3.6 million. Tony Bonitati and Kay Hill of NAI Earle Furman represented the seller, Upstate Property Rentals LLC, in the transaction.