ARLINGTON, VA. — HFF has arranged a $71.1 million construction loan for the 257-unit The Place, a Class A multifamily development located at 4000 Wilson Blvd. in Arlington. Sue Carras, Brian Crivella and Walter Coker of HFF's Washington, D.C., office, arranged the financing through a major national bank on behalf of the borrower, Ashton Park Associates III, an affiliate of the Shooshan Co. Completion is slated for 2013.
ALEXANDRIA, VA. — AREA Property Partners has purchased the 1,180-unit EOS-21, an apartment complex located at 140 S. Van Dorn St. in Alexandria. Amenities include an on-site daycare center, a convenience store, two swimming pools, four tennis courts, sand volleyball court, fitness center, clubhouse with billiards, business center, library, theater room and barbeque area with grilling stations. AREA has selected Bethesda, Md.-based ROSS Management Services to manage the property.
CORNELIUS, N.C. — Ramsey, N.J.-based The Raia Properties has acquired the 192-unit One Norman Square, an apartment complex located at 19532 One Norman Blvd. in Cornelius, from Nashville, Tenn.-based Carter-Haston Real Estate Services for $15 million. The property, which is 95 percent leased, includes amenities such as a resort-style salt water pool, tennis courts, a 24-hour fitness center, car care center, business center, walking trails and gated, on-site boat parking. Blake Oakland and Dean Smith of ARA's Charlotte, N.C., office represented the seller in the transaction. The acquisition was financed through ARA's debt platform, ARA Finance, and was funded by Fannie Mae.
RICHMOND, VA. — HMU Terminal Road has purchased a 126,639-square-foot industrial property, located at 2823 Bells Rd. in Richmond, from Richmond Industrial LLC for $2.15 million. Richard Porter of Richmond-based Porter Realty Co. represented the buyer in the transaction. Scott Douglas and Evan Magrill of Cushman & Wakefield/Thalhimer's Richmond office represented the seller.
WASHINGTON, D.C. — Walker & Dunlop has arranged $5 million in refinancing for the 11,813-square-foot 300 Independence Avenue, a Class A office building located in Washington, D.C. Sanor Biderman of Walker & Dunlop's Bethesda, Md., office arranged the 20-year loan with a 25-year amortization schedule on behalf of the borrower, 300 Independence Avenue LLC.
NEW BERN, N.C. — Henderson, N.C.-based Variety Wholesalers has signed a 58,000-square-foot lease at the 140,000-square-foot Furniture Fair Shopping Center, located at 2800 Neuse Blvd. in New Bern. The company plans to open a Rose's Discount Store at the property this summer. Walt Crayton of New Bern-based Crayton Commercial, along with Fred Morton of New Bern-based Morton Cos., represented the landlord, Jacksonville, N.C.-based Boomtown Furniture.
WASHINGTON, D.C. — The 236,054-square-foot 801 9th Street NW, located in Washington, D.C., has sold for $147.5 million. The eight-story property is fully leased on a triple-net basis to the United States Mint through September 2019. Stephen Conley, Jim Meisel, Dek Potts and Andrew Weir of HFF's Washington, D.C., office represented Wereldhave USA, the seller, in the transaction. J Street Cos. represented the buyer, NSP Ventures.
TAMPA, FLA. — Orlando, Fla.-based Roger B. Kennedy, Inc. has broken ground on a $9 million, 57,025-square-foot LA Fitness, located at 301 S. Dale Mabry Hwy. in Tampa. In addition, the firm will construct a 292-space, 97,787-square-foot parking garage. St. Petersburg, Fla.-based ARC3 Architecture designed the property, which is slated for completion in November 2012.
NASHVILLE, TENN. — A joint venture between H.G. Hill Realty Co. and Southeast Venture have plans to build the 90-unit 12 South Lofts, a mixed-use project located at 2310 12th Ave. S. in Nashville. In addition to the multifamily units, the building will include 9,800 square feet of ground floor retail. Construction is expected to begin mid-April with completion slated for summer 2013.
ST. PETERSBURG, FLA. — Marcus & Millichap has arranged the $5.25 million sale of the 144-unit Gateway Apartments, located at 2000 Gandy Blvd. in St. Petersburg. Michael Regan and Francesco Carriera of Marcus & Millichap's Tampa, Fla., office represented the seller, a special servicer, in the transaction and procured the buyer, a private investor.