FORT MILLS, S.C. — Marcus & Millichap has arranged the sale of a 74,844-square-foot office building, located at 1830 MacMillian Park Dr. in Fort Mill. The property is fully leased to corporate headquarters of Continental Tire the Americas. David “Britton” Burdette of Marcus & Millichap's Atlanta office represented the seller, Charlotte, N.C.-based Forsite Development, in the transaction. Jamie Medress and Mark Ruble of Marcus & Millichap's Phoenix office represented the buyer, Milwaukee-based Investor Associated, which acquired the property as part of a 1031 exchange. Hendrick Construction will complete a $3 million, 90,994-square-foot expansion on behalf of the buyer.
DORAL, FLA. — C-III Realty Services has sold two industrial properties in Doral in separate transactions for a total of $5.87 million. The company had foreclosed on the properties earlier this year. Sky Mart Investments purchased a 30,000-square-foot warehouse, located at 9475 NW 13th St., for $2.2 million. Miami-based K.G. International acquired a 44,100-square-foot warehouse, located at 9800 NW 17th St., for $3.67 million. Steven Medwin, Nick Wigoda and Harry E. Wardell of Jones Lang LaSalle's Miami office represented the seller in the transactions. Hallandale, Fla.-based Capital Commercial represented Sky Mart Investments and Franklin Street Realty represented K.G. International.
MOUNT HOLLY, N.C.; DECATUR AND CONYERS, GA. — Bill Matone of NorthMarq Capital's Charlotte office has arranged four first mortgage refinancings, totaling $27.07 million, for four multifamily properties in the Southeast. Three loans were arranged on behalf of Triangle Real Estate: $11.8 million in financing for the 256-unit The Cloisters of Mount Holly and $2.77 million for the 72-unit Riverfront Apartment Homes, both located in Mount Holly. Additionally, a $5 million loan was provided for the 254-unit Covington Glen Apartment Homes in Decatur. Matone also secured $7.5 million in financing for the 200-unit Bridlewood Apartment Homes in Conyers on behalf of Gastonia, N.C.-based Southwood Realty Co. The four loans all have a 10-year term with a 30-year amortization schedule and were arranged through Freddie Mac.
DORAL, FLA. — Four tenants have signed leases totaling 106,000 square feet at Beacon Centre, located at NW 25th Street and NW 84th Avenue in Doral. Lifeline Pharmaceuticals leased 21,000 square feet and was represented by Kathy Zerbone of Doral-based Easton & Associates. Codotrans leased 42,000 square feet and was represented by Devin White of CBRE's Miami office. Worldpac signed a long-term renewal for 28,000 square feet and was represented by Brian Smith of Cushman & Wakefield's Miami office. BR-1 signed a 15,000-square-foot renewal and was represented by Gabe Menocal of Miami-based NAI Miami. Thomas Kresse, Walter Byrd and Ben Eisenberg of Transwestern's Miami office represented the landlord, RREEF, in all four lease transactions.
BLACKSBURG AND RINER, VA. — Skanska USA's Skanska Integrated Solutions group (SIS), which specializes in program management and energy services, has been selected to provide program management oversight for three school construction projects for Montgomery County Public Schools in Virginia. The projects include the construction of the new Blacksburg High School in Blacksburg, the construction of the new Auburn High School and the conversion of the current Auburn High School into the new Auburn Middle School, both in Riner. The total cost for all three projects is $125 million. Completion for the two high schools is slated for the summer of 2013 and the middle school will be completed during the summer of 2014.
WINTER PARK, FLA. — Rollins College has broken ground on the 112-room Alfond Inn, located at the former Langford Hotel site approximately one block from campus in Winter Park. The 100,000-square-foot facility will feature 8,000 square feet of a ballroom and meeting space, a conservatory, signature restaurant, elevated pool deck, bar, fitness center and a series of courtyards. Baker Barrios Architects is the architect for the project and Hardin Construction Co. is the construction manager. The Olympia Cos. will manage the property upon completion in the spring of 2013. The Harold Alfond Foundation donated $12.5 million to the college to construct the project.
AUBURN, ALA. — Pine Tree Silverpeak Retail Partners, a joint venture between Northbrook,Ill.-based Pine Tree Commercial Realty and New York-based Silverpeak Real Estate Partners, has joined with New York-based Privet Investments to acquire the 79,540-square-foot Hamilton Place Shopping Center, located at 2415 Moores Mill Rd. in Auburn. Publix anchors the center. Brent Gladden of Auburn-based University Real Estate Group represented the seller, Hamilton Place LLC, in the transaction.
SPRING HILL, FLA. — Oak Grove Capital has secured a $16 million Fannie Mae supplemental loan for the 205-unit The Residences at Timber Pines, located at 3140 Forest Rd. in Spring Hill. The loan was provided to refinance the recourse construction loan used by the facility's sponsor, Chaska, Minn.-based The Goodman Group, to construct a 78-unit expansion. The 10-year loan has a 30-year amortization schedule.
LAWRENCEVILLE, GA. — Hobby Lobby has signed a 57,000-square-foot lease at the 704,480-square-foot Lawrenceville Market Shopping Center, located in Lawrenceville. Marshalls, Ross Dress for Less and AMC Theaters anchor the center. SRS Real Estate Partners represented the tenant in the lease transaction.
ATLANTA AND LAWRENCEVILLE, GA. — Atlanta-based Pollack Shores Real Estate Group has purchased the 268-unit Oxford Springs in Atlanta and the 288-unit Oxford Oak in Lawrenceville from Oxford Properties for $49.1 million. Oxford Springs is located at 100 Ridgebrook Way NE in Atlanta and Oxford Oak is located at 405 Philip Blvd. in Lawrenceville. ARA represented the seller in the transaction.