WASHINGTON, D.C. — L’Enfant DC Hotel LLC has purchased L’Enfant Plaza Hotel, a landmark, 372-room hotel in downtown Washington, D.C., for an undisclosed amount. The hotel is located near The National Mall, The Washington Monument and The Smithsonian. L’Enfant Plaza Hotel features 21,000 square feet of conference and banquet space, a 700-seat ballroom, two restaurants, two bars, a coffee kiosk, retail spaces, health club, business center and a rooftop pool. The buyer plans to renovate the hotel and bring it to Four Diamond status. The hotel is slated to re-open in 2015.
Southeast
ALPHARETTA, GA. — Velocis, a private equity real estate fund, has purchased Royal Center I, a 152,057-square-foot, Class A office building located in the Royal 400 master-planned office park in Alpharetta, a northern suburb of Atlanta. The office building is the first purchase for Velocis in the Atlanta market. Jones Lang LaSalle will provide property management and leasing services for the asset.
ATLANTA — PMZ Realty Capital LLC, a real estate investment/banking firm, has arranged a $20 million loan for The Glenn Hotel in Atlanta. The Glenn Hotel is a 110-room property located in downtown Atlanta’s Luckie Marietta district. The hotel is part of the Marriott Autograph Collection.
NORTH CHARLESTON, S.C. — Cushman & Wakefield | Thalhimer has arranged a 101,500-square-foot industrial lease at 7391 Pepperdam Ave. in North Charleston. Philip Owens of Cushman & Wakefield | Thalhimer represented the tenant, Brown Distribution Centers Inc., a third-party logistics company.
FORT LAUDERDALE, FLA. — Berger Commercial Realty has brokered the sale of a 24,000-square-foot office building in downtown Fort Lauderdale for approximately $2 million. The four-story property is located at 955 S. Federal Highway. Sapphire Investment Fund LLC purchased the office asset from the AIDS Healthcare Foundation Inc. Sapphire plans to invest $2 million to renovate the office building.
MIAMI — Rilea Group, a Miami-based developer, has broken ground on The Bond on Brickell, the first condominium project planned for Brickell Avenue in Miami since the recession. The Bond will feature 328 units with one-, two- and three-bedroom floorplans, as well as loft and penthouse residences. The 44-story condo tower will be located at 1080 Brickell Ave. Rilea Group expects to deliver the tower in early 2016. Alicia Cervera Lamadrid of Cervera Real Estate is leading the sales efforts for the project. Architect Loguer Design is designing the project with a British theme, including vintage photographs of British celebrities and an original British Telecom phone booth on the outside of the project. Rilea Group is partnering with private equity firm MDR Toledo LLC, a subsidiary of MDR Americana, for the development.
HOOVER, ALA. — Red Capital Partners LLC has closed a $25 million balance sheet loan for Somerby St. Vincent’s One Nineteen, a 199-unit, Class A seniors housing facility located in Hoover, an affluent suburb of Birmingham, Ala. The facility offers independent living, assisted living and memory care services. The financing is anticipated to be refinanced by a Fannie Mae permanent loan. Dominion Partners LLC developed the seniors housing facility, while Somerby Senior Living Services LLC is operating the property.
GRIFFIN, GA. — Equity One, a shopping center developer and owner, has sold Spalding Village, a 235,000-square-foot neighborhood shopping center located in Griffin, approximately 40 miles south of Atlanta, for an undisclosed price. Mark Joines and Drew Fleming of Cassidy Turley’s Southeast retail group represented Equity One in the transaction. RCG Ventures LLC, a privately funded real estate investment group, purchased the center. Spalding Village’s tenants include Goodwill, Fred’s Stores, GNC and T-Mobile.
CHATTANOOGA, TENN. — HFF has secured $11.3 million in refinancing for Atrium Medical Office Buildings, a two-building, 102,705-square-foot medical office complex in Chattanooga. The medical office complex is located a half mile from Erlanger Hospital East Campus. Michael Klein of HFF arranged the three-year loan through Colony Capital on behalf of Diversified Realty Ventures.
ATLANTA — Comcast Spotlight Atlanta, a subsidiary of Comcast Communications Inc., has signed a full-floor lease at One Glenlake, a 353,000-square-foot office building located in Atlanta’s Perimeter submarket. Comcast Spotlight’s new office space is located at One Glenlake Parkway in Suite 1100. Michelle Galvani of Wildmor Realty represented Comast Spotlight in the lease transaction. PM Realty Group represented the landlord. Comcast Spotlight will move to One Glenlake after 18 years of occupying space at its previous location in Norcross, Ga.