MEMPHIS, TENN. — Chris Avery of AESOP Memphis has signed a 30,000-square-foot lease at an industrial building, located at 5355 Distriplex Farms Dr. in Memphis, for a Sky Zone Indoor Trampoline Park. Charles Sevier of Memphis-based Crump Commercial/CORFAC International, along with Aleks Trifunovic of The Klabin Co./CORFAC International's Los Angeles office represented the tenant in the lease transaction. Hank Martin of Memphis-based NAI Saig represented the landlord, Net Magan Property Owner One LP.
GREENVILLE, S.C. — NorthMarq Capital has arranged $24.8 million in first mortgage refinancing for the 562-unit The Plantations, located at 135 Haywood Crossing Dr. in Greenville. Marty Meagher of NorthMarq's San Diego office arranged the 3-year loan with a fixed dollar amount monthly amortization schedule through Prime Finance on behalf of the borrower, Plantations at Haywood O, LLC.
WEST MONROE, LA. — Love Funding has secured a $2.4 million loan for the 40-unit Rosemont Assisted Living Community, located at 110 Regency Pl. in West Monroe. Brian Robertson of Love Funding's St. Louis office arraned the 27-year loan with a low interest rate through HUD's 232/223(a)(7) LEAN loan program on behalf of the borrow, Barron Management.
CELEBRATION, FLA. — The 120,000-square-foot Water Tower Shoppes, located at 6070 W. Irlo Bronson Memorial Hwy. in Celebration, has been sold for $18.3 million. Clarion Partners purchased the center, which currently includes SunTrust, Exxon and Chick-fil-A. Clarion, along with Crossman & Co., the development manager and leasing agent for the property, plans to redevelop the center, beginning with the addition of Publix as an anchor tenant.
TAMPA, FLA. — Marcus & Millichap has arranged the $5.55 million sale of the 193-unit Treesdale Condominiums, a condominium community located at 1818 9th Ave. E. in Tampa. Michael Regan and Francesco Carriera of Marcus & Millichap's Tampa office represented the seller, a Quebec, Canada-based private investor, in the transaction and procured the buyer, a private investor.
RICHMOND, VA, — Morgan Property Group (MPG) has acquired two tracts of land totaling 1.6 acres, located at the intersection of Broad Street and Pouncey Tract Road in Richmond, for $4 million to build a 12,144-square-foot Walgreens. The sellers were Breez-In Associates and John J. and Ima M. Liesfeld Family LLC. Phillips-Hall represented John J. and Ima M. Liesfeld Family LLC, in the transaction. The buyer was represented by Mid-Atlantic Real Estate Partners, along with Jones Realty and Construction. Demolition of the current structures on the sites are scheduled to begin this month.
DECATUR, GA. — A 10,125-square-foot CVS/pharmacy, located at 4037 Glenwood Dr. in Decatur, has sold for $2.84 million. CVS/pharmacy recently extended its lease on the property for 25 years. Randy Blankstein and Jimmy Goodman of Northbrook, Ill.-based The Boulder Group represented the seller, a Texas-based investment firm, in the transaction and procured the buyer, an East Coast-based investor.
JACKSONVILLE, FLA. — ABC Properties and Michaelson Real Estate Partners have purchased the 693-unit Londontowne Apartments, located at 1591 Lane Ave. S. in Jacksonville from a special servicer. The property has been renamed Canterbury Gardens and the buyer has planned a multi-million dollar renovation for the property. Amenities include pools, a fitness center, playgrounds, a laundry facility and a nature trail. Jim Sewell of Coastal Apartment Advisors’ Hilton Head, S.C., office represented the seller in the transaction.
LOUISVILLE, KY. — The 830,000-square-foot Springhurst Towne Center, located off Interstate 265 in Louisville, has been sold for $78 million. The center is nearly fully leased to tenants including Target, Meijer, Dick's Sporting Goods, Kohl's, Office Max, T.J. Maxx, HomeGoods, Old Navy and Cinemark Cinemas. Gerard Mason and John Williams of Savills' New York City office represented the seller, a partnership led by Talmage Hocker of Louisville-based The Hocker Group, in the transaction. The buyer was an institutional investor.
CHARLOTTE, N.C. — Proffitt Dixon Partners has started construction on the $26.2 million, 208-unit Fountains at New Bern Station, located at 122 New Bern St. in Charlotte at the New Bern Light Rail station. The property is designed to achieve NAHB Green certification. Amenities will include a saltwater swimming pool with a lap lane, a multi-level sun deck, grilling area, fire pit, courtyard, fitness center, rooftop Zen lounge, and a 6,000-square-foot clubhouse with Wi-Fi, a demonstration kitchen and an entertainment area, which will include billiards, gaming and fireside indoor lounging. Completion is slated for spring 2013.