TAMPA, FLA. — Canyon Capital Realty Advisors has provided a $27.4 million senior loan to refinance GCAK Tampa’s assets in Grand Central at Kennedy, a mixed-use property located in Tampa. The property includes 392 residential condominium units, 110,000 square feet of ground-floor retail space and 70,000 square feet of office space. Robert Hernandez and Alison Williams of NorthMarq Capital arranged the loan, which will enable GCAK to complete the sales and marketing of the remaining condominium units and continue to lease up and build-out the remaining first-generation office and retail space.
Southeast
ASHEVILLE, N.C. — Akron, Ohio-based Summit Management Services has sold the 140-unit Eastwood Village, located at 32 Olde Eastwood Village Blvd. in Asheville, to Chicago-based Privet Investments for $13.75 million. Amenities include a swimming pool, clubhouse, outdoor kitchen, business center and a 24-hour fitness center. Hal Kern and Richard Montana of CBRE Group represented the seller in the transaction.
SHREVEPORT, LA. — Accosys, the parent company of TVH Parts Co., has acquired a 60,000-square-foot distribution facility, located at 7245 W. Bert Kouns Industrial Loop in Shreveport, for $3 million. TVH will occupy the space starting in late October. Raymond Alley of Walker Alley & Associates represented the buyer in the transaction. KRH Wieland-Loop was the seller.
LEXINGTON, S.C. — Ziff Properties has acquired the 23,000-square-foot Colonnade at White Knoll, a shopping center located at 1787 S. Lake Drive in Lexington, from BB&T Bank for $1.4 million. Bill Simerville of Cassidy Turley represented the seller in the transaction. The buyer was self-represented by Christian Chamblee.
WINDERMERE, FLA. — Orlando-based Roger B. Kennedy Inc. has broken ground on a new 45,350-square-foot LA Fitness, located at 4768 The Grove Drive in Windermere. Cuhaci & Peterson designed the multi-million dollar property, which is slated for completion in November.
ORLANDO — NorthMarq Capital has arranged $27.9 million in first mortgage financing for the 373-unit Abaco Key Apartments, located at 10712 Mystic Circle in Orlando. Tony Gray of NorthMarq's Houston office secured the 10-year loan with a 30-year amortization schedule through Freddie Mac on behalf of the borrower, Aragon Holdings.
NASHVILLE, TENN. — Richmond, Va.-based Lingerfelt Cos. has acquired the Nashville Airport North Portfolio, a five-building, Class A office portfolio in Nashville, from Highwoods Properties for $41 million. The properties, which total 484,047 square feet, are located in BNA Corporate Center, Lakeview Ridge Office Park and Century City Office Park. The portfolio is 86 percent leased.
ORLANDO, FLA. — The 252-unit Lexington Park Apartments, located on Westgate Drive in Orlando, has sold for $15.9 million. Cole Whitaker, Hal Warren and Jason Stanton of Hendricks & Partners represented the seller, an institutional investor, in the transaction.
SUWANEE, GA. — The LaSalle Group has started construction on the $10 million, 26,000-square-foot Autumn Leaves of Sugarloaf, an Alzheimer's and dementia care facility located at 1455 Satellite Blvd. in Suwanee. Constant Care Family Management designed the property and will manage and operate the community. Lake Superior Contracting is the construction company for the project. The LaSalle Group, The Frost National Bank and Silverado Interests provided funding for the project, which is slated for completion in the first quarter of 2013.
JACKSONVILLE, FLA. — A joint venture between ABC and Michaelson Real Estate Partners has acquired the 225-unit Ansley at Harts Road Apartments, located at 11011 Harts Road in Jacksonville, for $6.75 million. Amenities include a club pavilion, pool with sundeck, volleyball court, playground and laundry facility. BB&T was the seller.