ARLINGTON, VA. — Cresa Washington DC has arranged a 39,192-square-foot office lease extension at N. Kent St. in Arlington’s Rosslyn neighborhood. Tom Birnbach, Mindy Saffer and Dennis Tapiero of Cresa Washington DC represented tenant International Relief & Development, a nonprofit organization, in the lease transaction. Vornado/Charles E. Smith owns the 12-story, 230,000-square-foot office building known as Rosslyn Plaza E.
Southeast
LORTON, VA. — CBRE has brokered the $24 million sale of a 90,167-square-foot, Class A office building located at 10555 Furnace Road in Lorton, about 19 miles southeast of Washington, D.C. The Drug Enforcement Administration (DEA) occupies the property, which is located in Gunston Commerce Center. The build-to-suit property houses DEA’s Office of Investigative Technology division. CBRE represented the seller in the transaction. Titanium Real Estate Advisors purchased the facility. The DEA’s lease extends through 2020 and features a five-year renewal option.
ATLANTA — The RADCO Cos. has acquired the 160-unit Les Jardins Apartments, a distressed multifamily community located in Atlanta’s Chamblee submarket, for approximately $9.4 million. The property consists of 60 percent three-bedroom units, 25 percent two-bedroom units and 15 percent four-bedroom units. The asset is located within blocks of an elementary school, middle school and Mercer University’s Atlanta campus. The RADCO Cos. is an Atlanta-based turnaround specialist that currently has more than 5,300 multifamily units in its portfolio. The company will rename the asset Ashford Embry Hills.
ORLANDO, FLA. — Lincoln Property Co. Southeast has arranged the sale of four office buildings totaling 182,000 square feet in metro Orlando in two separate transactions. The combined sales price for the assets totaled $8.7 million. In one transaction, UP Fieldgate US Investments-Fashion Square LLC purchased Corporate Park I and II in Orlando from RGA Real Estate Holdings for $4.75 million. Scott Corbin of Colliers International represented the buyer in the transaction. In the other transaction, Vista Premier Point LLC purchased Premier Point North and South in Orlando suburb Altamonte Springs from RGA Reinsurance Co. for $3.95 million. Joe Rossi of Lincoln Property Co. Southeast represented the sellers in both transactions.
MIAMI — Marcus & Millichap has brokered the $8.6 million sale of Big Key Self Storage, a 97,929-square-foot, 744-unit self storage facility located at 16200 S.W. 137th Ave. in Miami. Big Key Self Storage is a Class A facility that was built in 2008. The facility features 226 non-climate controlled units and 518 climate controlled units. Michael Mele of Marcus & Millichap’s Tampa, Fla., office represented the seller, a limited liability company, in the transaction. Mele also procured and represented the buyer, a limited liability company based in New York.
FOUNTAIN INN, S.C. — Cushman & Wakefield | Thalhimer has arranged a lease renewal of 168,087 square feet at 111 Southchase Blvd. in Fountain Inn, about 20 miles southwest of Greenville, S.C. Charles Whitmire, Brian Young and Chris Norvell of Cushman & Wakefield | Thalhimer represented the tenant, Caterpillar Inc., in the lease deal.
PORT ST. LUCIE, FLA. — Martin Health System has opened Tradition Medical Center, a 201,184-square-foot acute care hospital in Port St. Lucie, after more than a decade of planning. The 90-bed hospital is located on the Tradition Center for Innovation campus. CBRE Healthcare provided project advisory solutions to Martin Health System during development. Other members of the project team include architect HKS, construction manager BBC, civil engineer CAPTEC Engineering Inc., structural engineer TRC Worldwide Engineering Inc., MEP engineer TLC, interior design firm InDesign Studio, security firm Tyco, signage firm Creative Sign Design and medical equipment provider Mitchell Planning. The new hospital will provide emergency services, intensive care, labor and delivery, neonatal intensive care, general and specialized surgery, inpatient oncology, MRI and CT services, clinical research and gastrointestinal endoscopy.
PEACHTREE CITY, GA. — Marcus & Millichap has brokered the $33 million sale of Towne Club at Peachtree City, a 153-unit seniors housing property in Peachtree City. The property, located at 201 Crosstown Drive, provides independent living and assisted living services. The community was 92 percent occupied at the time of sale. The sales price equates to $215,686 per unit. Mike Pardoll and Michael Fasano of Marcus & Millichap represented the seller, Peachtree City Towne Club LLC, in the transaction.
CONWAY, S.C. — Calkain Cos. has closed on the sale of two industrial properties located in Conway, part of the Myrtle Beach MSA. The properties’ tenants include homebuilder suppliers Pro-Build and Builders FirstSource. Calkain Cos. represented the sellers of both properties.
MIAMI — HFF has arranged $31.5 million in financing for two Palm Beach County Hampton Inn hotels in two separate transactions. Elliott Throne, Mike Kavanau and Alexandra Lalos of HFF arranged both fixed-rate loans with 10-year terms through Morgan Stanley Mortgage Capital Holdings Inc.