GARNER, N.C. — Cassidy Turley has brokered the $31 million sale of the 397,332-square-foot Greenfield North Business Park portfolio, a master-planned business campus at the intersection of Interstate 40 and U.S. 70 in Garner. Also included in the acquisition was 80 acres of development-ready land. The facilities are leased to tenants such as the North Carolina Department of Transportation, Pergo, J.B. Hunt Transport and Butterball's corporate headquarters. Chris Norvell, Rob Cochran, David Finger and Drew Flood of Cassidy Turley's Raleigh, N.C., office represented the seller, Greenfield North LLC. Duke Realty was the buyer.
KEY WEST, FLA. — Deerfield Beach, Fla.-based SIKON Construction has completed the $4.8 million, 100-bed Lagoon Landing, a student housing property for Florida Keys Community College in Key West. This is the college's first student housing facility. Student Suites South Florida was the developer for the project and St. Petersburg-Fla.-based Hayes Cumming Architects designed the building.
RALEIGH, N.C. — The 229-guestroom Renaissance Raleigh North Hills Hotel, located at 4100 Main at North Hills St. in the North Hills Lifestyle Center in Raleigh, has received $47.5 million in first mortgage financing. Mark Fisher and Rayna Karaivanov of CB Richard Ellis' New York City office, Bryan Kane of CBRE's Raleigh office, and Bradley Burwell and Jonathan Rice of CBRE Hotels secured the 10-year loan with a 30-year amortization schedule through RBS Commercial Real Estate on behalf of Concord Hospitality and Kane Realty Corp., the developers.
WILMINGTON, N.C. — NorthMarq Capital has arranged $15.5 million in first mortgage financing for the 332-unit The Keys at Seventeenth Street, located at 4129 Hearthside Dr. in Wilmington. Todd Crouse of NorthMarq's Raleigh office arranged the financing with a 10-year term and a 30-year amortization schedule through ING.
SUFFOLK, VA. — Coastal Logistics has signed a lease for 81,204 square feet of space and a 1.5 acre WareYard at the Bridgeway Business Center, located at 6701 College Dr. in Suffolk. Bobby Phillips of Cushman & Wakefield — Thalhimer's Newport News, Va., office, along with Patrick Mumey of Cushman & Wakefield — Thalhimer's Virginia Beach, Va., office represented Ashley Capital, the landlord, in the transaction. Gregg Christoffersen of Jones Lang LaSalle's Virginia Beach office represented the tenant.
DULUTH, GA. — Duke Realty Corp.'s Atlanta office has executed a long-term lease agreement with Primerica. Duke Realty will develop a 344,476-square-foot, build-to-suit international headquarters for Primerica, located in Legacy, one of Duke Realty's development parks off of Interstate 85 in Duluth. Primerica will consolidate its numerous business areas and functions from 10 different locations to the new facility, which will include two buildings. Travis Jackson and Sam Hollis of Cushman & Wakefield's Atlanta office represented the tenant in the transaction. The landlord was self-represented by Chris Brown and Craig Flanagan of Duke Realty's Atlanta office. Completion is slated for spring 2013.
MIAMI — Jones Lang LaSalle Hotels has arranged the $13.5 million sale of the 243-room Continental Bayside Hotel, located at 146 Biscayne Blvd. in Miami. Gregory Rumpel and Andrew Dickey of Jones Lang LaSalle's Miami office represented the seller, RFR Holding Corp., in the transaction. The buyer was a joint venture between Insite Group and The Carlyle Group.
HOLLYWOOD, FLA. — Marcus & Millichap has brokered the $5.51 million sale of the 83,251-square-foot Hollywood Self-Storage Offering, located at 851 Knights Rd. in Hollywood. Chico LeClaire of Marcus & Millichap's Denver office and Michael Mele of the Tampa, Fla., office represented the seller, a bank/financial institution, and procured the buyer, a limited liability company. The property contains 795 units.
BOYNTON BEACH, FLA. — David Schofield of NorthMarq Capital's Orlando, Fla., office has closed $33.85 million in construction financing for the 308-unit Gulfstream Gardens, a Class A development in Boynton Beach. NorthMarq arranged the financing on behalf of the developer through syndication between an international and regional bank.
BUENA VISTA, VA. — Hunter Defense Technologies (HDT Global) has signed a full-building lease totaling 172,759 square feet for the Shenandoah Valley Industrial Facility, located at 3200 Green Forest Dr. in Buena Vista. John Lesinski and Josh Gurland of Winchester, Va.-based The Leland Group represented BPG Properties, the landlord, in the lease transaction.