BATON ROUGE, LA. — Walker & Dunlop has provided a $14.5 million refinance loan for the 200-unit Spring Brook Apartments in Baton Rouge. The 7-year loan has a 30-year amortization schedule and was arranged through Freddie Mac's Early Rate Lock Process under their CME.
FLA., GA., N.C., TENN., ALA., S.C., VA., MISS., KY., MD. — From September 19 to October 6, Auction.com will sell more than $2 billion in commercial notes and properties in the Southeast. The auction will contain 325 properties including multifamily, mobile home parks, retail, mixed-use, hospitality, land, self-storage, office, industrial and special-purpose assets. Of the 325, 151 of the assets are in Florida, 98 are in Georgia, 38 are in North Carolina, 16 are in Tennessee, 14 are in South Carolina, 13 are in Alabama, seven are in Virginia, five are in Mississippi, two are in Kentucky and two are in Maryland.
ORLANDO, FLA. — ARA has brokered the $20.75 million sale of the 356-unit Preserve at Econ River, located at 9201 Nelson Park Cir. in Orlando. Kevin Judd, Patrick Dufuor and Matt Wilcox of ARA's Orlando office represented the seller, Atlanta-based JLC Southeast, in the transaction. The buyer was a joint venture between Atlanta-based Pollack Partners and The Carlyle Group.
ORLANDO, FLA. — DCT Industrial Trust has purchased a three-building industrial portfolio in Orlando, totaling 421,000 square feet, from an undisclosed seller for $17 million in an off-market transaction. The properties include the 212,000-square-foot 6855 Presidents Drive, the 115,000-square-foot 2105 Viscount Row and the 94,000-square-foot 2126 West Landstreet. The buildings are currently 61 percent leased.
SANDY SPRINGS, GA. — Marietta, Ga.-based Columbia Properties has acquired the 63,000-square-foot Trowbridge Crossing Shopping Center, located at the corner of Roswell and Trowbridge Roads in Sandy Springs, from Charter Hall REIT for $6.7 million. Publix anchors the center, which is fully leased.
COLUMBIA, S.C. — SC Student Loan Corp. has purchased a 40,122-square-foot office building, located at 8906 Two Notch Rd. in Columbia, from Markstein — Two Notch Rd. for $3 million. Martin Moore, Aaron Dupree and Marie Dieckmann of Columbia-based CB Richard Ellis — Columbia represented the seller in the transaction, and Billy Way of Columbia-based Grubb & Ellis Wilson Kibler represented the buyer.
ARLINGTON, VA. — Cassidy Turley has brokered the $145 million sale of a 303,262-square-foot Class A office building, located at 1616 N. Fort Myer Dr. in Arlington. The GSA anchors the building, which is fully leased. Bill Collins, Paul Collins, Drew Flood, James Cassidy and Jud Ryan of Cassidy Turley's Washington, D.C., office represented Beacon Capital Partners, the seller, in the transaction. TIAA-CREF was the buyer.
ORLANDO — ARA has negotiated the $31 million sale of the 366-unit Pine Harbour, located at 10600 Bloomfield Dr. in Orlando. Kevin Judd of ARA's Orlando office, Marc deBaptiste of ARA's Boca Raton, Fla., office and Patrick Dufour of ARA's Tampa, Fla., office represented the undisclosed institutional seller in the transaction. The buyer was Saint-Lambert, Canada-based L.S.R. Development.
RICHMOND, VA. — Gilbane Development Co. has completed the 540-bed 8 1/2 Canal Street, a student housing development at Virginia Commonwealth University in Richmond. The property is located across the street from VCU's recent $228 million Monroe Park Campus expansion. Amenities include a 24-hour fitness center, cyber cafe, gaming center and clubhouse.
BALTIMORE CITY, MD. — NAI KLNB Retail Investment Sales has arranged the $4.55 million sale of a 32,000-square-foot, eight-building retail portfolio, located at 2213-2241 Monument St. in Baltimore City. The property is fully leased. Gil Neuman of NAI KLNB's Ellicott City, Md., office represented Miller Real Estate Co., the seller, in the transaction and Jim Caronna of NAI KLNB's Towson, Md., office represented Washington, D.C.-based Spectrum Properties, the buyer.