ANNISTON, ALA.; AND FAYETTEVILLE, N.C. — A $2.1 million loan was secured by a first mortgage on a Winn Dixie in Anniston and a Rite Aid in Fayetteville. The deal was brokered by Jeanne Cronin of White Plains, N.Y.-based Q10 | New York Realty Advisors on behalf of the undisclosed borrower. The loan was placed with a leading commercial bank.
Southeast
BRISTOL, TENN. — Scottsdale, Ariz.-based Healthcare Trust of America, acquired The Sapling Grove Professional Building and the Bristol West Medical Office Building, which total approximately 120,000 square feet, in Bristol for $23.37 million. The portfolio, known as the Holston portfolio for the buildings' anchor tenant, is approximately 99 percent leased. The CB Richard Ellis Atlanta office represented the seller, who was undisclosed.
ST. PETERSBURG, FLA. — Crosswinds Apartment Homes, a 208-unit property in St. Petersburg, sold for $13.1 million. The property, which totals 153,984 square feet, contains 13 two-story garden-style buildings on 18.5 acres and includes amenities such as two laundry facilities, a fenced pet-play area, resort-style swimming pool, racquetball and tennis courts and more. Cole Whitaker, Orlando-based Hendricks & Partners, negotiated the transaction for the buyer, Nashville, Tenn.-based Covenant Capital Group LLC. Hal Warren, also of Hendricks & Partners, represented the seller, Chicago-based Equity Residential.
HUNTSVILLE, ALA. — Construction commenced in late March on a 64,000-square-foot Kohl's in Huntsville. When the site opens in November, it will be the second Kohl's located in Alabama. The stand-alone building is located near the intersection of Ledges and Carl T. Jones Drive. RBJ Signature Holdings, the owner, was represented by The Shopping Center Group's Don Beck of the Hunstville office in negotiations for a long-term ground lease. UCR Dallas represented Kohl's. Terms were not disclosed.
FLOWERY BRANCH, GA. – A $16 million, 3-year bridge loan was closed by Coral Gables, Fla.-based American Real Estate Capital for the refinance of Walden at Oakwood Apartments in Flowery Branch. The Class A multifamily community was completed in 2009 and contains 300 units. Amenities include a fitness center, resort-style pool, car care center, children's play area and more.
LAKE WORTH, FLA.; AND STUART, FLA. — Two transactions, valued at more than $2.3 million were handled by Peter Filomena of Palm Beach Gardens-based Reichel Realty & Investment on behalf of Gulfstream Goodwill Industries. First, located at 7810 S. Dixie Highway in Lake Worth, the 22,000-square-foot former Lighthouse for the Blind building was sold for $650,000 to SEACO III. Additionally, he represented the company in a $1.66 million, 10-year lease from landlord Aaron Rents for 12,800 square feet at 1101 S. US #1 in Stuart.
ST. PETERSBURG, FLA. — PCCP provided a $9.4 million senior loan to a joint venture between True North, Stoneleigh Capital and RiverOak Investment Corp. to finance the purchase of 53 units within Back Bay at Carillon, a bank-owned townhome community in St. Petersburg. Cushman & Wakefield conducted the auction on behalf of the seller, Bank of America. Back Bay at Carillon has 17-two and three-story buildings and offers amenities such as a swimming pool, clubhouse and fitness center.
LORTON, VA. — Madison Marquette purchased Guston Plaza in Lorton for $28 million from Philips Edison & Company. Guston Plaza, located along Route 1 has 204,000 square feet of space divided between retail and office, and is anchored by Bloom, Gold's Gym and Dollar Tree. The 184,000 square feet of retail space is almost fully leased. Of the 20,000 square feet of office space, approximately 70 percent is leased. Joseph French of the Sperry Van Ness White Plains, N.Y., office was the sole broker in the transaction.
MELBOURNE, FLA. – Winter Park Construction broke ground on Sonata at Melbourne, an assisted living facility that will open in January 2012. The 161,000-square-foot main building will feature 127 luxury living units for those seeking independent living, assisted living and memory care assisted living. Sonata at Melbourne will feature state-of-the-art amenities, including a movie theater, elegant dining room, bistro/pub, fitness and wellness center, exam room, library, beauty parlor, barber and full spa services.
JACKSONVILLE, FLA. — Atlanta-based ARA has announced the opening of its 22nd office, located in Jacksonville. Matt Wilcox, former director of acquisitions for Julian LeCraw/JLC Southeast, has joined ARA as Vice President and will be based in the Jacksonville office. While at Julian LeCraw/JLC Southeast, he sourced and managed the acquisition of more than $100 million in conventional and student housing assets.