MORRISVILLE, N.C. — Cushman & Wakefield | Thalhimer has arranged the $9.2 million sale of the Research Triangle Industrial Center, a three-building industrial park totaling 153,629 square feet in Morrisville. The property is located at the intersection of Highway 54 and Airport Boulevard in the heart of Raleigh-Durham's top industrial submarket. Peter Lawrence Co. purchased the 93 percent leased property. Chris Norvell and Scot Humphrey of Cushman & Wakefield | Thalhimer's capital markets group represented the seller, Cambridge Hanover.
RIDGELAND, MISS. — Hilton Worldwide has opened its 21st U.S. Home2 Suites by Hilton hotel, which is designed for business travelers and extended-stay guests. Home2 Suites by Hilton Jackson/Ridgeland is the second Home2 Suites hotel in Mississippi. The four-story, 92-suite hotel is located at 526 Evergreen St. in Ridgeland. New Vision Ridgeland Hotel LLC owns the property, and New Vision Hotel Management is the hotel's manager. The hotel's amenity package includes a fitness center, laundry facility, continental breakfast station, lobby, saline pool, patio with gas grills and a fire pit.
ATLANTA — RLJ Lodging Trust, a publicly traded hospitality REIT, has acquired the 78-room Residence Inn Atlanta Midtown Historic in Atlanta's Midtown submarket. RLJ Lodging, which bought a mortgage loan collateralized by the hotel in 2009 for $5 million, purchased the hotel through a foreclosure sale after the borrower defaulted on the loan earlier this year. The hotel will be closed later this year to undergo a comprehensive renovation that will include upgrades to the guest rooms and public spaces. The hotel will reopen in the third quarter of 2013 under the Residence Inn by Marriott flag.
GERMANTOWN, MD. — NorthMarq Capital has arranged $3.3 million in first mortgage refinancing for Churchill Business Center, a 39,917-square-foot industrial facility located at 13210-13220 Wisteria Drive in Germantown. The property is fully leased to tenants such as Selvadurai Palanivelu, Autobody Connection and Sherwin Williams. Matthew Kohlhoss of NorthMarq's Washington, D.C., office arranged the 25-year loan with a 20-year amortization schedule.
DADE CITY AND FORT MYERS, FLA. — Ackerman & Co., an Atlanta-based commercial real estate brokerage, management, development and investment firm, has sold two net-leased CVS/pharmacy stores in Florida for nearly $14 million. Ackerman & Co. sold a CVS/pharmacy in Dade City for $5.7 million to a 1031 tax-deferred exchange buyer in an all-cash transaction. Patrick Whitney of Marcus & Millichap's Dallas office represented the buyer in the transaction. Ackerman & Co. also sold a CVS/pharmacy in Fort Myers to an affiliate of New Jersey-based Roebling Investment Co. for $8.2 million. The transaction included the buyer's assumption of the current CMBS loan. Ray Yung of Calhoun Cos. represented the buyer in the transaction.
WASHINGTON, D.C. — Greeysteel, a Washington, D.C.-based investment real estate services firm, has arranged the approximately $3.6 million sale of the 23-unit Delshah Valery Place, a boutique, walk-up apartment community located in Washington, D.C. The apartment community is situated at 2523 13th St. in northwest D.C.'s Columbia Heights neighborhood. Ari Firoozabadi, Kyle Tangney, John Mullen, Caleb Brown and Lance Ahmadian of Greeysteel arranged the transaction between the seller, Manhattan-based Delshah Capital, and the buyer, New York City-based Aria Investment Group. Delshah Capital purchased the community five years ago and subsequently made renovations. According to Tangney, Delshah's focus has shifted to solely New York City acquisitions.
LOUISVILLE, KY. — Columbus, Ga.-based Carmike Cinemas Inc. has purchased Stonybrook 20, a movie theater in Louisville that features an IMAX screen. Carmike Cinemas purchased the theater from Cinemark USA Inc., a wholly owned subsidiary of Cinemark Holdings Inc. Carmike also purchased two other theaters from Cinemark — Ritz Center 16 in Voorhees, N.J., and Hickory Creek 16 in Hickory Creek, Texas.
LEESBURG, VA. — Towson, Md.-based KLNB Retail has brokered three leases totaling nearly 130,000 square feet of retail space at Tysons West, a new transit-oriented development in Leesburg. The development is located at 1500 Cornerside Blvd. The three tenants include an 80,000-square-foot Walmart Supercenter, a 45,000-square-foot 24 Hour Fitness and a 3,027-square-foot Noodles & Co. John Meyer and Brian Finkelstein of KLNB Retail represented Walmart and 24 Hour Fitness in the lease transactions. Andrew Feldman and Ryan Wilner, also of KLNB, represented Noodles & Co. The JBG Cos. developed Tysons West, which is configured to support more than 400,000 square feet of office space, more than 250,000 square feet of retail space, 700 residential units and a 350,000-square-foot hotel. The development is located adjacent to the Spring Hill Station of the Washington Metro system, which is expected to open later this year.
TAMPA, FLA. — Ciminelli Real Estate Services has secured two new lease agreements for 14,802 square feet of office space at One Amerilife Place in Tampa's North Pinellas/Clearwater submarket. Winkler, Treger and Associates LLC will occupy 3,686 square feet and Vogue International Inc. will occupy 11,113 square feet. Judy Healey of Ciminelli Real Estate Services represented the landlord in both transactions. Deron Thomas of Industrial Realty Solutions Inc. represented Vogue International in its lease deal.
FAYETTEVILLE, ARK. — Inland American Communities Group Inc., a subsidiary of Inland American Real Estate Trust Inc., has acquired the Domain at Fayetteville, a 654-bed student housing community near the University of Arkansas, for $42 million. The property was recently completed and is fully leased for the 2013-2014 school year. The property is located within walking distance of the University of Arkansas campus on the university shuttle route. The property's amenities include a luxury clubhouse with a game room, 24-hour fitness center, resort-style pool, theater and an outdoor kitchen with grilling stations. The community will be rebranded as University House. In another recent transaction, Inland American Communities Group purchased HUB on Campus, a 640-bed student housing property near Arizona State University, for $103 million.