NASHVILLE, TENN. — Prologis Inc has acquired six Class A logistics facilities totaling 1.8 million square feet in Nashville. The portfolio includes assets in the SouthPark and CentrePointe industrial parks and is more than 90 percent leased to 12 customers, including Nissan Trading Corp. Americas. Prologis owns and manages 39 facilities totaling 6.3 million square feet in the Nashville market.
Southeast
HORN LAKE, MISS. — Virtus Real Estate Capital has purchased the 97,800-square-foot Outback Storage facility, located near the intersection of Highway 51 and Goodman Road in Horn Lake, a suburb of Memphis, Tenn. The Class A self storage facility includes 636 climate- and non climate-controlled units. Virtus has brought on Extra Space Management, the facility management division of Extra Space Storage, to manage the property.
BALTIMORE — Cassidy Turley has brokered the sale of a 25-story office tower located at 36 S. Charles St. in Baltimore’s CBD. Los Angeles-based Laurus Corp. purchased the 294,274-square-foot office building from AREA 16B Associates LP. Jonathan Carpenter and James Wellschlager of Cassidy Turley represented the seller in the transaction.
JUPITER, FLA. — CBRE has arranged the sale and financing of the Jupiter Medical and Technology Park, located at 1701 Military Trail in Jupiter. The buyer, Hollywood, Fla.-based POH Jupiter Ownership LLC, purchased the 185,000-square-foot campus for $30.7 million. CBRE arranged $26 million in acquisition financing for the buyer through RAIT Financial Trust, a Philadelphia-based REIT and bridge lender. The seller, Jupiter RE Investments LLC, is the real estate holding company affiliated with Florida Turbine Technologies, which occupies 34 percent of the medical/office campus. Nearly half of the property is occupied by GE Medical Systems, a subsidiary of GE Healthcare. The CBRE professionals involved in the transaction include Scott O’Donnell, Dominic Montazemi, Miguel Alcivar, Christian Lee, Robert Smith, Charles Foschini and Jason Hochman.
ATLANTA — Carter-Haston Holdings has purchased Glenwood East, a 236-unit multifamily community located at 390 Stovall St. in Atlanta's Glenwood Park neighborhood. Property amenities include a penthouse-level clubroom, outdoor courtyard, dog park and fitness centers. The mid-rise complex is also located in close proximity to the city's BeltLine. David Gutting and Derrick Bloom with Jones Lang LaSalle's capital markets team represented the sellers, Alliance Residential and Prudential Real Estate Investors, in the transaction.
GAITHERSBURG, MD. — NorthMarq Capital has arranged $22.4 million in acquisition financing for Oakwood Corporate Apartments, a 136-unit multifamily property located at 9890 Washingtonian Blvd. in Gaithersburg. The high-rise apartment community is located in Washingtonian Center and Rio Entertainment Center, a mixed-use development. Gary McGlynn, Jason Smith and Frank Relihan of NorthMarq’s Washington, D.C., office arranged the financing on behalf of the borrower through an insurance company.
MIAMI — GrayRobinson, a law firm with 280 attorneys and 11 offices in Florida, is relocating its Miami office to Wells Fargo Center in downtown Miami. Wells Fargo Center is a 750,000-square-foot, Class A office tower located near Interstate 95 and Brickell Bridge. Taylor & Mathis signed the law firm to a 35,358-square-foot office lease on the 31st and 32nd floors. GrayRobinson is expected to move into its new office space in January 2015. Brian Gale and Ryan Holtzman of Taylor & Mathis represented the landlord, MetLife, in the lease transaction. Barbara Liberatore Black of Cresa South Florida represented GrayRobinson.
ATLANTA — CBRE Group Inc. has hired Bernard Haddigan to join the company’s capital markets group as its senior managing director. Haddigan, who is based in Atlanta, will work with Kevin Aussef to lead CBRE’s private capital group. Haddigan has more than three decades of experience in the commercial real estate industry. He spent 28 years with Marcus & Millichap Real Estate Services, launching its national retail group in 1998. Haddigan is a member of the International Council of Shopping Centers and co-chairs its Open Air Committee webinar series.
NEW ORLEANS — Lowe Enterprise Investors has acquired the Royal St. Charles, a 143-room hotel in New Orleans, on behalf of an investment client. The hotel is located at 135. St. Charles Ave., between the city’s French Quarter and the New Orleans Convention Center. Destination Hotels & Resorts, an affiliate of Lowe Enterprise Investors, will manage the property as an independent, boutique hotel. The 10-story hotel features 2,610 square feet of meeting space, a fitness center and a PJ’s Coffee and Café eatery. The hotel also features balconies overlooking St. Charles Avenue, which is on the primary Mardi Gras parade route. Russell Munn of Lowe Enterprise Investors and Rick Rush of Lowe Hospitality Group led the acquisition team in the transaction. Larry Wolfe and Adam Etra of Eastdil Secured represented the seller, a joint venture between Clearview Hotel Capital and WHI Real Estate Partners.
RALEIGH, N.C. — ARA has arranged the $46.8 million sale of Woodlands at Wakefield Plantation, a Class A, 360-unit multifamily community located in Raleigh. The property was 95 percent occupied at the time of sale. Blake Okland, Dean Smith, John Heimburger and Sean Wood of ARA represented the seller, Boca Raton, Fla.-based Altman Development, in the transaction. Investors sponsored by Greensboro, N.C.-based Bell Partners purchased the asset.