Tuesday, June 9, 2026
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Southeast

MultifamilySoutheast

CONSTRUCTION UNDER WAY ON HINES' @1377 RESIDENCES

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ATLANTA — Hines has started construction of @1377, a 215-unit multifamily complex on Dresden Drive in Atlanta. The development represents the company's first for-rent residential project in the region. The four-story building will have an attached multi-level parking garage. Amenities will include a swimming pool, fitness center, Internet cafe and sports lounge. The project will also feature studios, and one- and two-bedroom units ranging in size from 468 to 1,537 square feet. General Contractor Urban Oaks Builders expects occupancy of the first units this October with final completion in December 2013. The Preston Partnership of Atlanta designed the project.

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IndustrialSoutheast

BINSWANGER TO MARKET 350,000 SF INDUSTRIAL FACILITY IN S.C.

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BLYTHEWOOD, S.C. — Pinchal & Co. LLC has named Binswanger the exclusive agent for the sale of a 350,000-square-foot industrial building on 23.5 acres at 1091 Carolina Pines Drive in Blythewood. Constructed in 1999, the building includes reinforced concrete floors, 31- to 35-foot clear ceiling heights, 70 dock doors and 8,280 square feet of office space. The property overlooks I-77 and is located eight miles from I-20.

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OfficeSoutheast

CROCKER BUYS $33.2M FLORIDA OFFICE BUILDING VIA AUCTION.COM

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ORLANDO — Crocker Partners has completed its purchase of Orlando University Center, a 386,521-square-foot office complex near the University of Central Florida, for $33.2 million. The property, sold via Auction.com, represents the second largest office sale of 2012. The five-building complex is 70 percent occupied with 56 tenants. Colliers International represented the seller, LNR, in the transaction. The buyer was self-represented. Archetype Mortgage Capital provided the auction financing.

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OfficeSoutheast

PARTNERSHIP BUYS 125,000 SF DECATUR COURT

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DECATUR, GA. — A partnership between Redstone Investments and Weaver & Woodberry has acquired Decatur Court, a 125,000-square-foot office building in downtown Decatur. Capmark Bank, which took ownership of the property through foreclosure in early 2012, was the seller. The building is 70 percent leased and sits on five acres. Tony Swann of CBRE represented the seller in the transaction. Redstone was self-represented.

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MultifamilySoutheast

DECATUR APARTMENT COMMUNITIES FETCH $13M

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DECATUR, GA. — Audubon Communities has acquired Birch Grove and Sycamore Chase, two apartment communities totaling 332 units in Decatur, for $13 million. The properties are situated on a combined 28.3 acres, less than one mile apart at 3073 Cedar Creek Parkway and 3117 Cedar Brook Drive. The combined occupancy is 94 percent. Units are primarily two- and three-bedrooms with an average unit size of 1,142 square feet. Jason Nettles and David Wagner led the HFF team that represented the seller, an affiliate of Resource Real Estate, in the transaction.

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MultifamilySoutheast

FLORIDA CRYSTALS CORP. BUYS 33 ACRES IN DELRAY BEACH FOR APT. DEVELOPMENT

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DELRAY BEACH, FLA. — Florida Crystals Corp. has acquired 33.1 acres in western Delray Beach for the development of 395 multifamily units for $8.5 million. The buyer plans to develop the property as rental apartments in two phases. The site is one mile from the Delray Marketplace, a 258,000-square-foot shopping center and entertainment destination, which includes a 12-screen movie theater and a Publix grocery store. The Boca Raton office of ARA represented the seller, Atlantic Commons Associates, in the transaction. ARA also secured the buyer.

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OfficeSoutheast

DEERWOOD ARRANGES $9M LOAN FOR GEORGIA OFFICE PORTFOLIO

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ATLANTA — Deerwood Real Estate Capital has arranged a $9 million non-recourse loan for a three-building office portfolio in suburban Atlanta. The 100,000-square-foot portfolio consists of three buildings, two of which were fully occupied and were refinanced. The third building, which had 30 percent occupancy, was purchased as a distressed acquisition. The borrower signed a lease at closing that brought the occupancy in the third building to 60 percent. Joe Hercenberg and David Rosenberg of Deerwood arranged the 10-year loan, which contains a 30-year amortization schedule.

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CivicSoutheast

MOSS LEBOLO TO CONSTRUCT $15M HIGH SCHOOL EXPANSION

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DORAL, FLA. — Moss-Lebolo JV has been selected to design and construct a $15 million, three-story high school expansion at Divine Savior Academy in Doral. The Lutheran-sponsored institution serves 500 students from preschool through high school. The new addition will include a three-story classroom, an auditorium/chapel, gym, fitness center, athletic fields and new parking. Design and permitting work has begun on the 108,000-square-foot facility and construction is scheduled to begin this July. Completion is schedule for August 2014. Somerville Inc. is the project architect.

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CivicSoutheast

PIERCE, CORE ACQUIRE ECU COMPLEX FOR $56.5M

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GREENVILLE, N.C. — Pierce Education Properties, through a joint venture with an affiliate of Core Properties, has completed its $56.5 million acquisition of North Campus Crossing (Phase I and Phase II), a 1,692-bed community serving Eastern Carolina University (ECU) students. The off-campus community was developed in 2005 and 2006. The property is contiguous to ECU'S North Campus Recreation Center, which features a man-made lake and beach, a zip line, intramural fields and a golf course. The buyers plan to invest nearly $1 million in improvements to the community, including a campus shuttle to Pitt Community College. A $26.8 million loan held by Midland Loan Services was assumed for the Phase I purchase and a Freddie Mac loan of $19.8 million was secured through HFF to finance the Phase II acquisition.

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RetailSoutheast

HALPERN ACQUIRES EAST ATHENS MARKETPLACE FOR $3.9M

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ATHENS, GA. — RCG Ventures has sold the 24,000-square-foot East Athens Marketplace in Athens to Halpern Enterprises for $3.9 million. The center is fully leased to tenants including Dollar Tree, Hibbett Sports, Radio Shack, Little Caesars and AT&T. The property is shadow anchored by a Walmart Supercenter.Halpern plans to expand the center, as well as lease two unoccupied outparcels that total approximately 3.4 acres. The acquisition marks Halpern's first acquisition in Athens and the company's 28th center in Georgia. Tony D'Ambrosio and Joe Montgomery of Colliers International's Atlanta office represented the seller. Halpern Enterprises was self-represented in the transaction.

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