PANAMA CITY BEACH, FLA. — Scenic Highway Partners, a subsidiary of Atlanta-based Freeman Partners, has acquired the remaining 42 condo units at the 145-unit Sterling Breeze Beach Resort, located at 16701 Front Beach Road in Panama City Beach, for $7.5 million. Amenities include a gulf-front infinity edge pool and spa, poolside wine bar and Internet cafe, state-of-the-art fitness center and covered parking. Bill Thomas of Edgewater Beach Realty represented the seller, Sterling Breeze Holdings, in the transaction.
Southeast
LAKELAND, FLA. — The 233-lot Stoll Manor Mobile Home Park, a manufactured housing community located at 1123 Walt Williams Road in Lakeland, has sold for $2.15 million. Park amenities include a clubhouse, pool, playground and basketball court. Dan Mulkey of Marcus & Millichap's Tampa, Fla., office represented both parties in the transaction.
ASHEVILLE, N.C. — Alliant Capital has arranged $8.11 million in refinancing for the 160-unit Carson's Creek Apartments, a garden-style community located at 1680 Hendersonville Road in Asheville. Mary Dee Clancy of Alliant's Washington, D.C., office arranged the 7-year, adjustable rate loan with a 30-year amortization schedule.
ST. PETERSBURG, FLA. — eMason has leased 40,647 square feet of office space at the Roosevelt Technology Center, located at 11399 16th Court N. in St. Petersburg. Jim Parker of Colliers International's Tampa Bay, Fla., office represented the tenant in the lease transaction, and Mike Talmadge of Echelon Real Estate Services represented the landlord, Pointe 16th. eMason plans to move into the space in July.
WEST PALM BEACH, FLA. — Gaedeke Group has started construction on a $2.5 million renovation of the 288,233-square-foot Northbridge Centre, located at 515 N. Flagler Dr. in West Palm Beach. The renovations will include addition of stylish wall coverings and brushed nickel fixtures. Additionally, technological upgrades will occur in the conference rooms on the third floor, and the first floor will receive wireless connectivity, display equipment, drop down screens and new telephone systems. The common rooms also received a cosmetic upgrade. Completion is slated for September.
TAMPA, FLA. — Marcus & Millichap has arranged the $1.27 million sale of the 63-unit Palm Breeze Apartments, a multifamily property located at 8014 Tommy Court in Tampa. Amenities include a laundry facility, stackable washer and dryer connections and ample parking. Michael Regan and Francesco Carriera of Marcus & Millichap's Tampa office represented both parties in the transaction.
CLERMONT, FLA. — Beech Street Capital has arranged a $21.25 million Fannie Mae conventional loan for acquisition of the 276-unit Vista at Lost Lake, a Class A apartment complex located in Clermont. Jacob Katz of Meridian Capital Group originated the seven-year, fixed-rate loan with two years of interest-only payments and a 30-year amortization schedule.
TALLAHASSEE, FLA. — Capital Advisors has secured $17.67 million in construction financing for the 402-bed Catalyst Student Apartments, a student housing community located at Madison and Gay streets in Tallahassee, three blocks from the Florida State University campus. Philip Rachels of Capital Advisors arranged the three-year, interest-only loan on behalf of the borrower, an affiliate of Chance Partners, through Community and Southern Bank.
OLIVE BRANCH, MISS. — Grandbridge Real Estate Capital has secured $11 million in first mortgage financing for the 234,660-square-foot Anda Pharmaceuticals Distribution Center, a single-tenant warehouse located in Olive Branch. Tom Turner of Grandbridge's Kansas City, Mo., office arranged the 10-year loan with a 16-year amortization schedule through Thrivent Financial for Lutherans.
BOSTON — Boston-based STAG Industrial has acquired a six-property industrial portfolio for $30.6 million. The buildings, which total more than 772,000 square feet, are located in Connecticut, Florida, North Carolina, South Carolina, New York and Texas. The properties include three warehouse and distribution facilities and three light manufacturing buildings and are fully leased to three tenants. The acquisition is the first transaction resulting from STAG's recent agreement with Columbus Nova Real Estate Acquisition Group to source sale-leaseback transactions for the company.