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.
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.
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.
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.
ODENTON, MD. — AEW Capital Management has acquired a Maryland apartment community from South Carolina-based Johnson Development Associates. The recently constructed Haven at Odenton Gateway is located at 615 Carlton Otto Lane in Odenton. The property contains 252 one-, two- and three-bedroom units averaging 1,031 square feet each. Property amenities include a resort-style saltwater pool, with a cabana, fitness center, private theater room, conference room, clubhouse, dog run, and car care center. The Holliday Fenoglio Fowler team of David Nachison, Alan Davis and Brenden Flood represented the seller in the deal. The acquisition price was not disclosed.
COLUMBIA, S.C. — Patel, Lewis, Pournaras LLC has acquired downtown Columbia's iconic Keenan Building, a 121,682-square-foot office property. The building is located in Columbia's central business district at 1310 Lady St. The purchasing partnership is planning a $5 million historic restoration of the property with the goal of bringing back the original 1930s and 1950s facade. The seller was Keenan Building Partnership. Neel Keenan and Henry Moore with Colliers International represented the buyer in the transaction. Patel, Lewis, Pournaras has also retained Colliers International as the leasing agent for the building.
JACKSONVILLE, FLA. — Cortland Partners has purchased a Jacksonville apartment community for $22.5 million. Reserve at Deerwood contains 226 units and is situated adjacent to AQUA Deerwood, a 391-unit community Cortland acquired in 2012. In the near term, Cortland plans to renovate and upgrade the property and incorporate it into the AQUA Deerwood community. Berkadia Commercial Mortgage and Ares Commercial Real Estate Corp. helped arrange acquisition financing for the deal. The seller’s name was not released.
NORTH MIAMI BEACH, FLA. — Marcus & Millichap has completed the sale of North Miami Beach Ale House for $4.35 million. The 8,999-square-foot restaurant is located at 3227 NE 163rd St. North Miami Ale House has been open for 14 years and currently has 12 years remaining on a triple-net lease, which also includes two five-year options. Adam Tiktin and Michael Biama of Marcus & Millichap’s Miami office represented the seller, a private investor from Boca Raton, as well as the buyer, a private investor from Aventura.
MIAMI — Swire Properties has acquired the Florida headquarters of Northern Trust Bank, located at 700 Brickell Ave. in Miami, for approximately $64 million. The developer plans to incorporate the 1.55-acre site into Brickell CityCentre, its $1 billion mixed-use development, which is under construction adjacent to the property. Phase I of Brickell CityCentre will include a luxury shopping center, two residential towers, a hotel, a wellness center and Class A office space. Northern Trust Bank plans to relocate its headquarters to 600 Brickell Ave., where it will be the anchor tenant and operate a branch on the ground floor. Steelbridge Real Estate Services and CB Richard Ellis represented the sellers, The Northern Trust Company and the Co-Trustees of the Marjorie O. Brickell Revocable Trust, in the deal.
FAYETTEVILLE, ARK. — Apartment Realty Advisors (ARA) has brokered the sale of Mountain Ranch Apartments. The 360-unit, Class A community is situated on 15 acres in western Fayetteville, minutes from the University of Arkansas. It was constructed in 2010 by the seller, SC Bodner Co. Unit floor plans average 984 square feet, and community amenities include a clubhouse with an entertainment lounge, game room, coffee bar, 24-hour fitness center and resort-style pool with tanning area. Occupancy was 94 percent at the time of closing. ARA brokers Brandon Lamb and Brian O’Boyle, Jr. represented the seller. The buyer was a joint venture between Capital Assets Inc. and Moriah Real Estate Co. The acquisition price was not disclosed.