ATLANTA — Walker & Dunlop has arranged $18.7 million in Fannie Mae financing for the 336-unit Calibre Springs, a garden-style apartment complex located at 800 Lake Placid Dr. NE in Atlanta's Sandy Springs submarket, on behalf of Sterling Trust. Phil Davis of Colliers International originated the 5-year loan, which has 5 years of interest-only payments. Charlie Mentzer led the Walker & Dunlop team.
Southeast
MIAMI — Aztec Group has arranged a $7.02 million permanent loan for the 63,480-square-foot Winn-Dixie, located at 3275 Coral Way in Miami. Jason Shapiro and Jim Fried of Aztec Group arranged the 10-year, non-recourse loan through a local bank. The store recently underwent a $6 million renovation, which included upgrading the property's exterior facade, expanding and improving the deli, seafood and produce departments and adding more freshly-made food options.
GAITHERSBURG, MD. — Jones Lang LaSalle has arranged the $30 million sale of an eight-building industrial portfolio, located in Montgomery County Airpark in Gaithersburg. The buildings total 285,000 square feet and are approximately 75 percent leased. Tenants include M&T Bank, Ferguson and Cianbro. Jones Lang LaSalle's Washington, D.C., office represented the sellers, Zarpas 1 through 5 LPs., in the transaction. The buyer was a partnership led by Potomac, Md,-based Willco Cos. BB&T Bank provided acquisition financing.
SUMMERVILLE, S.C. — ARA has negotiated the $18.5 million sale of the 232-unit Tradition at Summerville, an apartment complex located at 325 Marymeade Dr. in Summerville. Amenities include a resort-style pool, cardio-fitness center and 16-seat theater. The property is 93 percent leased. Blake Oakland and Dean Smith of ARA's Charlotte, N.C., office represented Schrimsher Properties, the seller, in the transaction. Nashville, Tenn.-based Carter-Hanson Real Estate Services was the buyer.
NASHVILLE, TENN. — Southeast Ventures has completed the second phase of HealthSpring's 175,000-square-foot MetroCenter campus, located at 500 and 530 Great Circle Rd. in Nashville. The two office buildings will serve as HealthSpring's primary location for more than 1,050 of the company's 3,600 employees. Southeast Ventures developed and owns the building. Highlights of the buildings include wrap-around windows to provide ample natural lights, a landscaped outdoor courtyard with sunken seating, multiple dining areas and training and conference rooms.
WEST PALM BEACH, FLA. — A 50,000-square-foot office/warehouse property, which includes a showroom for a building supply store located at 713-715 25th St. in West Palm Beach, has sold for $2.8 million. Bill Reichel and Ken Duke of Reichel Realty & Investments represented the seller, Lainhart & Potter, in the REO transaction. Marjam Supply Co. was the buyer.
LITTLE ROCK, ARK. — NorthMarq Capital has arranged $14.12 million in acquisition financing for the 256-unit Forest Place, a multifamily property located at 1421 N. University Pl. in Little Rock. David Farrell of NorthMarq's Kansas City, Kan., office arranged the 10-year loan with a 30-year amortization schedule through Freddie Mac.
RALEIGH, N.C. — Federal Capital Partners and Kane Realty Corp. have formed a joint venture to build the $53 million, 400-unit Ramblewood Apartments, a luxury complex located in North Hills, a mixed-use development in Raleigh. Amenities will include a pool, fitness center, business center, outdoor terrace, community room and green spaces. Construction is slated to begin in the third quarter of 2012.
COLUMBIA, S.C. — The 220-unit Tamarind at Stoneridge Apartments, located at 143 Stoneridge Dr. in Columbia, has sold for $10 million. Amenities include a swimming pool, tennis courts and a fitness center. Jim Sewell and Steve Mack of Hilton Head, S.C.-based Coastal Apartment Advisors represented Tamarind Hollows, the seller, in the transaction. The buyer was CRESOF Tamarind.
PANAMA CITY, FLA. —The U.S. Army Corps. of Engineers has plans to build a $7.5 million, 22,600-square-foot U.S. Army Reserve Center, located on Highway 77 in Panama City. The building will include 18,000 square feet of administrative space and a 4,600-square-foot maintenance facility. Charlie Haas and Jim Everitt of Counts Real Estate Group represented both James Maulden and Gary Seymour, the land sellers, in the transaction, and the U.S. Army Corps. of Engineers.