ATLANTA — Mandarin Oriental Hotel Group has signed a long-term management contract to rebrand and operate the 42-story The Mansion on Peachtree, located at 3376 Peachtree Rd. NE in Atlanta. The hotel includes 127 rooms, a restaurant and lounge, meeting rooms, a 130-seat ballroom, fitness center, a 14-room spa, a 60-foot indoor swimming pool and 25 private, luxury homes. Robert A.M. Stern designed the hotel, which will be rebranded as Mandarin Oriental, Atlanta, in May.
NASHVILLE, TENN. — Ebon Falcon, an entity controlled by Dr. David Black, president of Aegis Sciences Corp., has purchased the 109,000-square-foot First Image building, located at 501 Great Circle Rd. in Nashville, for $8.7 million. Tenants include St. Thomas Health Services and Brown and Caldwell. Todd Alexander of Nashville-based Southeast Venture represented the seller, Embassy Square, in the transaction. Charley Hankla of Cassidy Turley's Brentwood, Tenn., office represented the buyer.
FORT LAUDERDALE, FLA. — Marcus & Millichap has arranged the $3.15 million sale of two apartment complexes in Fort Lauderdale. The 25-unit The Andrews, located at 2520 N. Andrews Ave., sold for $2 million, and the 10-unit Granada Hall, located at 3000 Granada St., sold for $1.15 million. Joseph Thomas of Marcus & Millichap's Fort Lauderdale office represented the seller, a Fort Lauderdale-based private investor, in the transaction and procured the buyers. A Fort Lauderdale-based private investor purchased The Andrews, and a Delray Beach, Fla.-based private investor purchased Granada Hall.
PORT CHARLOTTE, FLA. — NorthMarq Capital has arranged $9.6 million in first mortgage refinancing for the 139,903-square-foot Heritage Plaza, a shopping center located at 18500-18714 Veterans Blvd. in Port Charlotte. David Garfinkel of NorthMarq's St. Louis office, along with Robert Hernandez of the firm's Tampa office, arranged the 15-year, fully amortized loan through a correspondent life company.
ALCOA, TENN. — Oak Brook-Ill.-based Inland Diversified Alcoa Hamilton LLC has acquired the 175,996-square-foot Hamilton Crossing, located in Alcoa, from Alcoa-based Hamilton Crossing I for $31.27 million. Dick's Sporting Goods, Ross Dress for Less, Michael's, PetSmart and Old Navy anchor the center. Berkeley Capital Advisors represented the seller in the transaction.
TAMPA, FLA. — Marcus & Millichap has arranged the $3.05 million sale of the 120-unit Southern Oaks, an apartment complex located at 13533 Gragston Cir. in Tampa. Michael Regan and Francesco Carriera of Marcus & Millichap's Tampa office represented the seller, a private investor, in the transaction and procured the buyer, a private investor.
SNELLVILLE, GA. — Benning Construction Co. has been selected to build a 42,000-square-foot, freestanding Walmart Neighborhood Market, located at 2912 W. Main St. in Snellville. Completion is slated for fall 2012. Currently, there are more than 160 Walmart Neighborhood Markets in the United States.
CHAPEL HILL, N.C. — NorthMarq Capital has arranged $5.5 million in first mortgage refinancing for 300 & 400 Market St., two buildings totaling 64,362 square feet located in Chapel Hill. The buildings contain retail and office space. Todd Crouse of NorthMarq's Raleigh, N.C., office secured the 10-year loan with a 20-year amortization through Genworth Financial.
BIRMINGHAM, ALA. — Mercy Medical has signed a 45,540-square-foot lease at a former Havertys store, located off of Interstate 20 in Birmingham. Mercy Medical will renovate the freestanding building and use it for a seniors medical clinic and physical therapy center beginning in late fall. Michael Bull, Theresa Johnson and John Harrison of Atlanta-based Bull Realty represented the landlord, Havertys, in the transaction. Craig Dyas of Fairhope, Ala.-based DYAS represented the tenant.
MIAMI — Marcus & Millichap has arranged the $4.6 million sale of a 42,000-square-foot office building, located at 550 LeJune Rd. in Miami, and an adjacent 8-unit apartment building. Greg Zeifman and Benjamin Silver of Marcus & Millichap's Miami office represented the seller, a Miami-based international nonprofit organization, in the transaction and procured the buyer, a Miami-based developer.
