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.
Southeast
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.
RALEIGH, N.C. — First Fidelity Mortgage Corp. has arranged $41 million in senior secured financing for the 371,000-square-foot Bank of America Plaza, an office building located in downtown Raleigh. Kell Martin and Richard Booth of First Fidelity arranged the seven-year loan through a major life insurance company on behalf of the borrower, an affiliate of The Simpson Organization of Atlanta. The proceeds were used to repay existing maturing debt and fund ongoing capital spending programs.
LOUISVILLE, KY. — Watermark Residential has broken ground on a $27 million luxury apartment complex, located at the corner of Hurstborne and Dorsey Lanes in Louisville. The apartments will feature granite countertops and crown molding. Amenities will include a swimming pool, clubhouse and parking garages. The developer acquired the land from two financial institutions. Fred Sutterlin and Reed Weinberg of PRG Investments represented the sellers in the transactions. Completion is slated for December 2012.
CHARLOTTE, N.C. — Wood Partners has started construction on the 246-unit Perimeter Lofts, a multifamily complex located at 10110 Perimeter Parkway in Charlotte. The property will include flats, carriage, loft and direct access “brownstone” units. Amenities will include an integrated clubhouse with cyber cafe, movie and game room, fitness center, salt water pool with outdoor cabanas, grilling areas, dog park, pet spa and car care center. WP East Builders is the general contractor for the project and Geheber Lewis Associates is the architect. Completion is slated for July 2013.