MIAMI — Miami-based Aztec Group has arranged a $4.8 million construction loan for the 102-room Comfort Suites Airport/Cruise Port, and a $3.7 million refinancing loan for the 144-room Days Inn Miami Airport North, both in Miami. Jason Shapiro and Boaz Asbel represented the locally based owners of both properties, securing the financing through a local bank.
CHARLOTTESVILLE, VA. — The 44,633-square-foot, stand-alone Whole Foods, located at 1797 Hydraulic Rd. in Charlottesville, has opened. The new store replaced the Whole Foods located at 300 Shoppers World Ct. in Charlottesville, which closed on June 5. Fairburn, Ga.-based SJ Collins Enterprises began construction on the store in March 2009. Atlanta-based Phillips Partnership was the architect on the project.
COLUMBIA, MD. — Cassidy Turley has arranged the $2.1 million sale of a 13,400-square-foot office building, located at 6310 Stevens Forest Rd. in Columbia, to SuperBookDeals. Charlie Fenwick and Nancy Martin of the Columbia office represented the buyer, and Greg Friedman of Hanover, Md.-based AGM Commercial Real Estate represented the seller, Stevens Forest Road, LLC.
OXFORD, ALA. — Phoenix-based Cole Real Estate Investments has acquired the 334,000-square-foot Oxford Exchange, located at 650 Oxford Exchange Blvd. in Oxford, for $45.5 million. The center is 97 percent leased to tenants including Bed Bath & Beyond, Hobby Lobby, Dick's Sporting Goods, TJ Maxx, PetSmart and more. Bullock Mannelly Partners represented Abernathy & Timberlake Investment Group, the seller, in the transaction and the buyer was self-represented by Clint Marchuk.
WASHINGTON, D.C. — Washington, D.C.-based PRC has secured $23.17 million in financing through PCCP on behalf of a joint venture between Monument Realty and Angelo, Gordon & Co. for the acquisition and renovation of 2055 L St. NW, an office condominium in Washington, D.C. The buyer will complete renovations including refurbishing the entry and lobby, enhancing the facade, providing a new HVAC system, creating ground floor retail space, installing new fire alarm systems and more. The renovation will offer 103,000 square feet of new office space by the end of 2011. Verizon will maintain its lease of the first several floors of the building, where it controls the midtown telephone switching center.
CHATTANOOGA, TENN. — Aventura, Fla.-based Trade Street Capital has purchased the 172-unit The Trails at Signal Mountain in Chattanooga for $12 million from Brookside Properties. Amenities include a clubhouse with fitness center and a resort style pool. The acquisition was funded by a Trade Street Capital fund and CW Capital helped arrange the agency financing. CB Richard Ellis' Nashville office represented the seller in the transaction. In May, Trade Street Capital acquired property next door, the 263-unit Fontaine Woods, from TGM Associates for $13 million.
GEORGETOWN, KY. — Lexington, Ky.-based NAI Isaac has brokered the sale of a 97,500-square-foot industrial facility, located at 947 East Main St. Extended in Georgetown, to HGI-Kentucky for $2.3 million. The property was formerly a Johnson Controls facility. Bruce Isaac and Chad Voelkert of NAI Isaac and Michael Shigley of USI Real Estate represented the seller in the transaction, and Doug Butcher of CB Richard Ellis' Louisville office represented the buyer.
ANNAPOLIS, MD. — DSW has signed a lease for 23,284 square feet at the 290,000-square-foot Annapolis Harbour Center, located at 2512 Solomons Island Rd. in Annapolis, to open a new store this fall. It will be the 12th DSW in Maryland and the first in Annapolis. KLNB Retail represented the tenant in the lease negotiations and Janet McCarthy and William WInterburn of Rockville, Md.-based Lerner Enterprises represented the landlord, Annapolis Harbor Center Associates.
BALTIMORE — Cassidy Turley has arranged $42.5 million in debt financing for the 355,779-square-foot One East Pratt, a repositioned Class A office building located on Baltimore's Inner Harbor waterfront. John Campanella of the Washington, D.C., office secured a 5-year, floating-rate bank loan on behalf of the owner, Griffith Properties.
NEWNAN, GA. — CB Richard Ellis has brokered AREA Property Partners and ECI Group's joint venture acquisition of the 561-unit Spring Lake at White Oak Apartments in Newnan for $33 million. Amenities include two pools and two fitness facilities. The buyer will rename the property The Columns at White Oak. Kevin Geiger, Paul Berry and Malcolm McComb of CB Richard Ellis' Atlanta multi-housing group represented the seller in the transaction.