ONEIDA, TENN. — Atlanta-based Blanchard Real Estate Capital has acquired a 151,980-square-foot Walmart Supercenter in Tennessee. The shopping center is located at 19710 Alberta St. in Oneida, situated approximately 60 miles northwest of Knoxville. The seller and the acquisition price were not disclosed.
PLANTATION, FLA. — Grandbridge Real Estate Capital has arranged a $9 million first mortgage for 1250 Pine Island, a 52,424-square-foot, Class A office building located in Plantation. The loan, which was provided by a regional bank, carries a fixed interest rate and a 25-year amortization. Philip Carroll and Michael Balan of Grandbridge’s Miami office originated the financing on behalf of the undisclosed borrower.
FORT LAUDERDALE, FLA. — An affiliate of Miami-based Gencom has acquired the Ritz-Carlton Fort Lauderdale for an undisclosed amount. Constructed in 2008 as a St. Regis-branded hotel, the beachfront property was converted to the Ritz-Carlton brand in 2008. It features 166 rooms and suites as well as 28 third-party owned condo-hotel units that participate in the hotel’s rental program. Its amenities include gourmet dining options, a seventh-floor pool deck with private cabanas, more than 24,000 square feet of event space, an 8,500-square-foot spa, a 24-hour business center and valet parking service. The hotel also has a prime location at 1 N. Fort Laurderdale Blvd., close to Fort Lauderdale-Hollywood International Airport. The Holliday Fenoglio Fowler team of Daniel Peek, Manny de Zarraga, Max Commess, Paul Hsu and Chris Lingerfelt represented the undisclosed seller in the deal.
DECATUR, ALA. — Cole Real Estate Investments has purchased Decatur Commons shopping center for $13.2 million. The property totals 125,211 square feet and is located at 1605 Beltline Road in Decatur. Its anchors include Publix, Petco and Goody’s. Occupancy was 86 percent at the time of closing. Drew Fleming and Mark Joines of Cassidy Turley represented the undisclosed seller in the deal.
PELL CITY, ALA. — Southpace Properties has brokered the sale of The Shoppes of Pell City for $3.2 million. The recently redeveloped shopping center totals 58,332 square feet. Its current tenant roster includes Goody’s, Badcock Furniture and Burke’s Outlet. Michael Randman and Anne Michaels of Southpace Properties represented the seller, Second Street LLC. Andrew Patterson of Shannon-Waltchack represented the buyer, SW Holdings II LLC.
CHESAPEAKE, VA. — Cushman & Wakefield | Thalhimer has arranged the sale of The Offices at Hanbury, a 22,098-square-foot office park located at 131 and 135 Hanbury Road in Chesapeake. Hanbury Road Partners LLC purchased the property from Hanbury LLC for $2.3 million. Christine Kaempfe of Cushman & Wakefield represented the seller in negotiations.
ATLANTA — Greg Ford has relaunched Helios Capital Partners, the boutique real estate investment banking firm he first founded in 2009. The Atlanta-based company will provide debt and joint venture equity financing for all commercial real estate classes to institutional, middle market and private clients across the Southeastern United States. In his career, Ford has been involved in real estate transactions valued in excess of $4 billion during his tenures wit JP Morgan, PricewaterhouseCoopers, Alvarez & Marsal, and Regions.
LAKELAND, FLA. — Franklin Street Real Estate Partners has brokered the sale of Woodlake Gardens, a 188-unit apartment community located at 1475 Woodlake Drive in Lakeland, for $7.2 million. Constructed in 1975, the property contains a mix of one- through three-bedroom units. The buyer, a local investor, plans to reposition the property in the near term. The Franklin Street team of Darron Kattan, Kevin Kelleher, Robert Goldfinger and Zach Ames represented the buyer as well as the seller, an out-of-state investor.
PANAMA CITY BEACH, FLA. — Forman Capital has funded a $26 million first mortgage for 280 units at the Shores of Panama, a 709-unit condominium community located in Panama City Beach. The undisclosed borrower plans to use the proceeds to refinance existing bridge debt. Terms of the deal were not disclosed.
GLEN ALLEN, VA. —Dougherty Mortgage has secured a $5.8 million loan for the refinance of The Atlantic at Twin Hickory Apartments, a 110-unit affordable housing property located in Glen Allen. The loan carries a 10-year term with 9.5 years of yield maintenance. Doughtery’s Austin Texas, office arranged the loan on behalf of the borrower, Twin Hickory Senior Associates LP.
