ATLANTA — The $100 million Emory Point project, a mixed-use development located near Emory University and the Centers for Disease Control (CDC) in Atlanta, has signed three new restaurants and two new retailers, including Burgerfi, Bonefish Grill, Paradise Biryani Pointe, LOFT and Francesca’s Collections. Emory Pointe is 82 percent committed with the addition of these five tenants. Retailers, restaurants and other services are expected to open at Emory Pointe this November. Atlanta-based Cousins Properties Inc. and Gables Residential are collaborating for the first time on Emory Pointe.
Southeast
GAITHERSBURG AND GERMANTOWN, MD. — H&R Retail, the largest retail-only brokerage firm in the Washington, D.C./Baltimore metropolitan area, has completed three retail leases. LA Fitness leased 39,192 square feet at Crown Farm, Sam Eig Highway and Fields Road in Gaithersburg from JBG Associates. H&R Retail’s Marc Katz, David Ward and Geoffrey Mackler represented LA Fitness. Buffalo Wings and Beer leased 4,418 square feet at Kingsview Shopping Center on Leaman Farm Road in Germantown from Giant of Maryland. H&R Retail’s Jim Crilley represented the landlord in the transaction. Finally, Education Outlet leased 2,040 square feet at Diamond Square Shopping Center on Bureau Drive in Gaithersburg from Giant of Maryland. Crilley represented Education Outlet.
BIRMINGHAM, ALA. — Birmingham-based EGS Commercial Real Estate Inc. (EGS), a company specializing in tenant representation, leasing, management, sales and commercial real estate development, has completed four industrial lease transactions in the Birmingham area, including two at Cahaba Valley Business Park, one at the Distribution Center and one at Southside Business Center. Cintas/American First Aid, a supplier of first aid safety equipment and related services, renewed its 11,250-square-foot lease at 602-612 Cahaba Valley Pkwy. at Cahaba Valley Business Park. Graham & Co.’s Jack Brown represented the tenant. Astral Industries, a steel purchaser that produces finished powder coated products, signed a 3,750-square-foot lease at 227 Distribution Center Dr. at the Distribution Center in Birmingham. Graham & Co.’s Ogden Deaton represented the landlord and EGS’s Stuart Brock represented the tenant. Computer Resources Inc., which provides software, hardware, training, support and other services to the communications industry, renewed its 3,300-square-foot lease at 300-304 Cahaba Valley Pkwy. at Cahaba Valley Business Park. EGS’s Brad Moffatt and Brock represented the landlord. Finally, Goodwyn, Mills & Cawood Inc., an architectural firm, renewed its 3,300-square-foot lease at 2501-2523 Fifth Ave. at Birmingham’s Southside Business Center. Moffatt and Brock represented the landlord.
WASHINGTON, D.C. — Walker & Dunlop has arranged $93 million in financing for a portfolio of mixed-use properties in Washington, D.C. The four-property portfolio totals 257,000 square feet in D.C.’s Chinatown neighborhood. Deutsche Bank provided $55 million in permanent financing for two of the properties. A 119,000-square-foot building at 800 F St. N.W. includes the International Spy Museum, office tenants Varian Medical Systems, Washington Media and Ziemba Waid Public Affairs, and nine apartment units. A 35,000-square-foot property at 425 Seventh St. N.W. includes a cluster of three-story buildings with office and retail space, featuring restaurants Carmine’s and Luke’s Lobster. RBS Citizens provided $38 million in interim financing for the other two properties, including 704-718 Seventh St. N.W. and 726-738 Seventh St. N.W./702 H St. N.W. Those properties total more than 100,000 square feet in several buildings and Douglas Development is headquartered in the space.
CORAL SPRINGS, FLA. — The 26,184-square-foot Coral Springs Plaza, a shopping center at 7891 W. Sample Rd. in Coral Springs, has sold for $2.85 million. Barry Wolfe of Marcus & Millichap’s Fort Lauderdale, Fla., office represented the seller, a Pembroke Pines, Fla.-based personal trust. The retail property draws from a base of local tenants including LaSpada’s Original Hoagies.
RALEIGH, N.C. — Dr. Michael Thomas with Carolina Endocrine has purchased an 8,245-square-foot office space at 3840 Ed Dr. in Raleigh for $1.4 million. Cresa’s Sam DiFranco, a founding principal of the corporate real estate advisory firm, in Cary, N.C., represented Dr. Thomas and Carolina Endocrine. Janet Clayton of Grubb & Ellis’ Chapel Hill, N.C., office represented the seller, Rexview Building B LLP.<
DELRAY BEACH, FLA. — A 2,370-square-foot Taco Bell located at 240 Linton Blvd. in Delray Beach has sold for $2.5 million. Gabriel Britti of Marcus & Millichap’s Miami office represented the seller, a Hollywood, Fla.-based private investor, as well as the buyer, a Miami Beach, Fla.-based limited liability company. “There is a very strong demand for South Florida net leased assets, especially those with strong intrinsic value,” says Britti.
ATLANTA — Maxwell Chase Technologies LLC has renewed its 49,888-square-foot industrial lease at Atlanta’s Westlake Business Park at 125 Westlake Pkwy. S.W. Matt DiLeo and Nicolai Schwarzkopf of Stream Realty Partners LP represented the landlord, DRA Advisors LLC. Stream Realty Partners assumed leasing and management responsibilities of the 1 million-square-foot Atlanta industrial portfolio owned by a fund managed by DRA Advisors in May. David Payne of ICON Commercial represented Maxwell Chase Technologies in the industrial lease renewal.
RICHMOND, VA. – The 338-unit Bramblewood Estates, an apartment community located in the Southside market of Richmond near Chippenham Parkway and Janke Road, has been sold to BH Equities, LLC, a national real estate investment firm. Mike Marshall, Drew White and Ryan Ogden of ARA Mid-Atlantic as well as Wink Ewing in the company's Richmond office represented the seller, Bramblewood Estates Associates LP, an affiliate of Beacon Communities LLC. BH Equities has acquired four properties in the Richmond market during the past 14 months. Bramblewood Estates was built in 1976.
OAKLAND AND WINTER GARDEN, FLA. – Charlotte, N.C.-based Crescent Resources, LLC has acquired the 258-acre Oakland Park residential community between the Town of Oakland and City of Winter Garden from its original developer, Castle & Cooke. Oakland Park is a certified green development by the Florida Green Building Coalition (FGBC). Castle & Cooke has developed 137 of the planned 900 homesites. Crescent Resources is the developer of a combined 240 acres of office parks as well as The Crescent at Primera and New Century Park in Lake Mary, Fla.