CHARLESTON AND FLORENCE, S.C. — Faison Enterprises Inc., a private real estate developer and owner based in Charlotte, N.C., has acquired two retail centers in South Carolina. The properties include the 350,000-square-foot Ashley Landing in Charleston and the 113,922-square-foot Crossroads Center in Florence. Ashley Landing is 92 percent leased to tenants including Publix, Burlington Coat Factory, Dollar Tree, Big Lots, Wells Fargo, Harbor National Bank and First Federal of Charleston. Scott Adams of Adams and Wilson Properties represented Faison in the transaction. Crossroads Center is 96 percent leased to Hamrick’s, Planet Fitness, LifeWay and Dollar Tree. Berkeley Capital Advisors’ Charlotte office arranged the transaction.
Southeast
WOODSTOCK, GA. — Grandbridge Real Estate Capital has closed a $27 million first mortgage loan to refinance a 308-unit apartment community in Woodstock, a northern suburb of Atlanta. Alan Tapie of Grandbridge’s Atlanta office originated the loan. The apartment community features a pool, fitness center with a yoga studio, cabanas, fire pits, business center, coffee bar and greenway access to downtown Woodstock.
ST. PETERSBURG, FLA. — CBRE has brokered the sale of Marina Village, a 61,775-square-foot retail center in south St. Petersburg. The property is located at 4701-4949 34th St. South and is 79 percent leased to Dollar Tree, Radio Shack, Beef O’Brady’s, JSA Healthcare, The UPS Store and Domino’s Pizza. The buyer, a partnership between Paradise Ventures and ADJ-DIG LLC, purchased the center from EBK Properties Inc. for approximately $3.9 million. CBRE represented the seller in the transaction.
MIRAMAR, FLA. — Spirit Airlines has signed a 70,819-square-foot lease renewal and expansion of its South Florida headquarters in the Miramar Park of Commerce. The Spirit Support Center is located at 2800 Executive Way in Miramar. The company’s expansion totals 14,625 square feet of office space at 2844 and 2854 Corporate Way. The airline employs approximately 1,300 people in South Florida, including its staff at the Spirit Support Center. Andrew Ansin and Maridee Bell of Sunbeam Properties represented the landlord in the lease deal. Chris Lovell, Greg Katz and Roy Abernathy of Studley Inc.’s Miami office represented Spirit Airlines.
ATLANTA — HFF has secured $41.4 million in financing for a five-building office and industrial portfolio totaling approximately 700,000 square feet in Texas, Georgia and Florida. Mark Sixour and Bill Ireland of HFF arranged the 10-year, fixed-rate loan through The Royal Bank of Scotland on behalf of the borrower, FRAPAG America Inc. The properties include the Riverpark Distribution Center in Fort Worth, Texas; the Northmont Distribution Center in Duluth, Ga.; and the Waterview Office Buildings in Jacksonville, Fla.
WASHINGTON, D.C. — Finmarc Management Inc., a Bethesda, Md.-based commercial real estate services firm, has purchased a nine-building, 342,000-square-foot portfolio from First Potomac Realty Trust for $33 million. The properties consist of a mix of flex, office, retail and warehouse space and are located in Gaithersburg, Md., a suburb of Washington, D.C. The facilities, which are combined 82 percent leased, include Girard Place, Girard Business Center and Gateway Center. The acquisition was part of a 1031 tax-free exchange. Eric Berkman, Steve Gichner and Gideon Gil of Cushman & Wakefield represented the seller in the transaction.
WASHINGTON, D.C. — Cassidy Turley has arranged $32.1 million in permanent financing for a fully leased office building, located at 801 N. Capitol St. N.E. in Washington, D.C. John Campanella and Paul Spellman of Cassidy Turley arranged the loan through a bank on behalf of the borrower, ASB Real Estate Investments. The 87,833-square-foot office building is fully leased to the District of Columbia under a long-term lease.
ATLANTA — The Fulton County Office of the Public Defender has leased 48,000 square feet of office space at 100 Peachtree, a 32-story office building located in downtown Atlanta. About 110 attorneys, administrators and legal staff will occupy three floors. Brad Jancik and Eric Ross of CBRE represented the landlord, Coral Gables, Fla.-based America’s Capital Partners, in the lease deal.
LOGANVILLE, GA. — Dollar General will open a new store at 1901 Georgia Highway 81 in Loganville. The new store is set to employ about six to 10 people. “Dollar General is committed to delivering a pleasant shopping experience that includes a convenient location, a wide assortment of merchandise and great prices on quality products,” says Dan Nieser, senior vice president of real estate and store development of Dollar General. “We hope our Loganville customers will enjoy shopping at Dollar General’s new location.”
SAVANNAH, GA. — In a joint venture with The Kroger Co., Blanchard & Calhoun Commercial has broken ground on Market Walk, a grocery-anchored retail center in Savannah. The new development will house the city’s largest Kroger supermarket and its first Dick’s Sporting Goods store. Market Walk will also house Chipotle Mexican Grill, Fiddler’s Crab House, The Original Pancake House, Super Cuts and John B. Rourke. Kroger is expected to open in April, while Dick’s Sporting Goods and the rest of the center will open in the fall.