TALLAHASSEE, FLA. — NorthMarq Capital has arranged $36.3 million in refinancing for the 679-bed Campus Circle, a student housing complex located adjacent to Florida State University in Tallahassee. Frank Relihan, Gary McGlynn and Kenneth Gentzel of NorthMarq secured the 10-year loan with a 30-year amortization schedule on behalf of the borrower, a pension fund, through Freddie Mac.
Southeast
ATLANTA — Cushman & Wakefield has arranged $12.4 million to recapitalize the 208,800-square-foot Southmeadow J, a Class A industrial building located in Atlanta. Mike Ryan, Brian Linnihan, Jeff Walker and Larry Johnson of Cushman & Wakefield represented McDonald Development Co., the owner, in the recapitalization.
WASHINGTON, D.C. — Rockrose Development Corp. has entered into an agreement to acquire a 112,687-square-foot office building, located at 1900 M Street NW in Washington, D.C., for $55 million. The property is 89 percent leased. Tenants include Levick Strategic Communications, Sherman Meehan and State Farm Insurance. Gerald Trainor of Transwestern is representing the seller in the transaction. Rockrose is self-represented by Craig Deitelzweig.
CORAL GABLES, FLA. — Tamarindo has acquired the 50,000-square-foot Kendar Office Building, located at 1550 Madruga Ave. in Coral Gables, from Kenneth Rosen for $10.3 million. The property is 97 percent leased. Edmund Mazzei of Mazzei Realty Services represented the seller in the transaction. Ben Silver of Marcus & Millichap, along with Pilar Pulido of The Keyes Company, represented the buyer in the transaction.
SEMINOLE, FLA. — Marcus & Millichap has arranged the $2.65 million sale of the 56-unit Seminole Village, a multifamily property located at 7770 Starkey Road in Seminole. Nicholes Meoli, Michael Regan and Francesco Carriera of Marcus & Millichap represented both the seller and the buyer, both Florida-based private investors.
WINCHESTER, VA. — Calkain Cos. has negotiated the $2.25 million sale of a 1.36-acre pad site occupied by Chick-fil-A, located in Rutherford Crossing in Winchester. Rick Fernandez and Betty Friant of Calkain Cos. represented the seller in the transaction. Andrew Fallon, also of Calkain Cos., represented the buyer.
WASHINGTON, D.C. — The United Nations Foundation has signed an 85,000-square-foot office lease, located at 1750 Pennsylvania Ave. NW in Washington, D.C. The foundation, which currently operates in two locations, will expand and consolidate its operations in its new location in January 2014. Tina Weaver of CBRE Group represented the tenant in the lease transaction. Brendan Owen of Vornado represented the landlord.
ORLANDO, FLA — H&R REIT has purchased the 83,167-square-foot Regency Village, located at the intersection of Vineland Avenue and International Drive South in Orlando, for $16 million. Publix anchors the center, which is 97 percent leased. Michael Cleeman of Cohen & Co. represented the buyer in the off-market transaction. Helen Putterman, also of Cohen & Co., represented the seller, Cohen Commercial Properties.
NEW PORT RICHEY, FLA. — Blue Rock Partners has sold the 143-unit Park at Ashley Place, a multifamily property located on Vista Verde Drive in New Port Richey, for $8.05 million. The property is 95 percent occupied. Cole Whitaker and Jason Stanton of Hendricks & Partners represented the seller in the transaction.
HENDERSONVILLE, TENN. — P&M Investment Co. has broken ground on the $3.5 million, 20,000-square-foot Shoppes at Maple Corner, a retail center located at the intersection of Indian Lake Boulevard and Maple Drive in Hendersonville. Southeast Venture LLC, the leasing agent, has secured a 4,300-square-foot lease with Sola Salon Studios. Completion is slated for the end of 2012.