Southeast

NEW UNC WELLNESS CENTER OPENS

by admin July 19, 2013

CARY, N.C. — UNC Health Care and Pacolet Milliken have opened the new UNC Wellness Center at Northwest Cary. The 60,000-square-foot facility, which is owned by Pacolet Milliken and leased to UNC, is located at 350 Stonecroft Lane in Cary. The wellness center combines preventative health care, fitness facilities, physical therapy and surgical recovery in a single roof. It features climbing and bouldering walls, a seven-lane swimming pool, a teaching kitchen and classroom, TRX suspension training, an outdoor turf training field, a whirlpool and sauna, a cushioned indoor track, and group exercise studios.

July 19, 2013

PHASE II ANNOUNCED FOR THE GROVE AT ISLEWORTH

by admin July 19, 2013

WINDERMERE, FLA. — Tavistock Development Co. has announced plans to develop Phase II of The Grove at Isleworth, an open-air, multi-use center located in Windermere. Construction will begin this summer for two buildings totaling 82,000 square feet that will feature street-level retail space with medical and professional office space above. The buildings will front a tree-lined plaza. Tenants already signed for Phase II include Dexter’s, Jeremiah’s Italian Ice, BurgerFi, Marilyn Monroe Spa, Cali Chic Boutique, Salt Scene and Soul Mates Boutique. Phase I of The Grove at Isleworth is anchored by Publix and LA Fitness. When complete, the center will contain more than 200,000 square feet of retail and office space.

July 19, 2013

Retail Southeast

MARCUS & MILLICHAP BROKERS $5.1 MILLION CVS SALE

by admin July 19, 2013

INDIALANTIC, FLA. — Marcus & Millichap has brokered the sale of a 15,525-square-foot retail building net-leased to CVS/pharmacy in Indialantic for $5.1 million. Michael Lombardi of Marcus & Millichap’s New Jersey office represented the seller, a developer based in the Northeast United States. Lombardi partnered with Preet Sabharwal of Marcus & Millichap’s Manhattan, New York, office to represented the buyer. Kirk Felici assisted with the transaction.

July 19, 2013

Civic Southeast

FLORIDA DEPARTMENT OF CORRECTIONS FACILITY COMPLETE

by admin July 19, 2013

LAUDERDALE LAKES, FLA. — Construction is complete for a new facility for the Florida Department of Corrections. The building totals 5,855 square feet and is located at 3714 W. Oakland Park Blvd. in Lauderdale Lakes. It will contain offices for the department’s probation and parole divisions. Berger Commercial Realty was the construction manager for the project.

July 19, 2013

Healthcare Southeast

CNL HEALTHCARE ACQUIRES TENNESSEE MOB PORTFOLIO FOR $57.3 MILLION

by admin July 18, 2013

JEFFERSON CITY, KNOXVILLE AND POWELL, TENN. — CNL Healthcare Properties has purchased four medical office buildings in the Knoxville area for approximately $57.3 million. The portfolio totals more than 200,000 square feet of Class A space. It includes Jefferson Medical Commons in Jefferson City, Physicians Regional Medical Center – Central Wing Annex in Knoxville, and Physicians Plaza A and B in Powell. CNL acquired the portfolio from N.T. Brinkman, whose affiliate will continue to manage the properties.

July 18, 2013

Industrial Southeast

REGER HOLDINGS ACQUIRES 349,000 SF INDUSTRIAL PORTFOLIO

by admin July 18, 2013

SOUTH CAROLINA — Reger Holdings has purchased a five-property portfolio of South Carolina industrial buildings for $8.6 million. The portfolio contains 349,000 square feet of space. The properties comprise 1001, 1005 and 1025 Technology Court in West Columbia; 103 Lachicotte Road in Lugoff; and 7421 E. Spartan Blvd. in North Charleston. With this purchase, Reger Holdings now controls nine industrial buildings in South Carolina totaling 710,000 square feet of space. Chuck Salley and Dave Mathews of Colliers International represented the buyer in the deal. The seller’s name was not disclosed.

July 18, 2013

Multifamily Southeast

TAMPA APARTMENT COMMUNITY TRADES FOR $4.2 MILLION

by admin July 18, 2013

TAMPA, FLA. — Marcus & Millichap has completed the sale of Green Oaks, a 100-unit multifamily property located at 3801 W. Tyson Ave. in Tampa. Built in 1983, the community includes eight, two-story buildings on six separate parcels that total 2.83 acres. The buildings’ roofs were replaced last year, and 70 percent of the units were remodeled during the same time period. Frank Carriera and Michael Regan of Marcus & Millichap’s Tampa office represented both parties, Florida-based private investors, in the deal.

July 18, 2013

Hospitality Southeast

HWE BROKERS SALE OF ALOFT HOTEL IN TENNESSEE

by admin July 18, 2013

FRANKLIN, TENN. — Hodges Ward Elliott (HWE) has brokered the sale of the aloft Cool Springs, a 143-room, boutique hotel located in the Nashville suburb of Franklin. MHF Cool Springs IV LLC acquired the property for an undisclosed amount. HWE represented the undisclosed seller.

July 18, 2013

Retail Southeast

CRONHEIM ARRANGES $10.6 MILLION LOAN FOR HOME DEPOT

by admin July 18, 2013

KEY WEST, FLA. — Cronheim Mortgage has arranged $10.6 million in financing for The Home Depot located on North Roosevelt Boulevard in Key West. The property contains 90,000 square feet of space with an additional 16,000-square-foot garden center. Dev Morris and Andrew Stewart of Cronheim arranged the self-liquidating loan, which carries a term of 19 years and 10 months as well as a 3.63 percent interest rate. The borrower was Industries Exchange No. 2 LLC.

July 18, 2013

Office Southeast

BOXER ACQUIRES TWO ATLANTA OFFICE BUILDINGS

by admin July 17, 2013

ATLANTA AND COLLEGE PARK, GA. — Houston-based Boxer Property has acquired two Atlanta-area office buildings. The first is Meridian, a 97,000-square-foot property located at 1995 N. Park Place in Atlanta. The second is Waterstone, a 93,000-square-foot property located at 4751 Best Road in College Park. The seller’s name and the acquisition price were not released. With this purchase, Boxer’s Atlanta portfolio now includes five buildings totaling more than 841,000 square feet of space.

July 17, 2013

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