LAWRENCEVILLE, GA. — Hobby Lobby has signed a 57,000-square-foot lease at the 704,480-square-foot Lawrenceville Market Shopping Center, located in Lawrenceville. Marshalls, Ross Dress for Less and AMC Theaters anchor the center. SRS Real Estate Partners represented the tenant in the lease transaction.
ATLANTA AND LAWRENCEVILLE, GA. — Atlanta-based Pollack Shores Real Estate Group has purchased the 268-unit Oxford Springs in Atlanta and the 288-unit Oxford Oak in Lawrenceville from Oxford Properties for $49.1 million. Oxford Springs is located at 100 Ridgebrook Way NE in Atlanta and Oxford Oak is located at 405 Philip Blvd. in Lawrenceville. ARA represented the seller in the transaction.
CORDOVA, TENN. — Westmount, Quebec-based Dalfen America Corp. has purchased the 234,000-square-foot Trinity Ridge Business Center, an eight-building REO industrial property located at 7730-7760 Trinity Rd. in Cordova, from the loan servicer, LNR Partners, for $7.2 million. DBSI Inc. acquired Trinity Ridge Business Center in 2007 for $22.9 million. The property was foreclosed on last year. Johnny Lamberson of CBRE represented the buyer in the transaction and Andrew Phillips of Colliers International's Memphis, Tenn., office represented the seller .
ROSWELL, GA. — The 102,888-square-foot Holcomb Woods Village, a shopping center located at 1570 Holcomb Bridge Rd., has sold for $3.42 million. Whitney Knoll, Mark Hillis and Fred Victor of Newmark Knight Frank's Atlanta office represented the Bank of New York Mellon Trust Co. through special servicer GE Capital Realty Group, the seller, in the transaction. The buyer was Charlotte, N.C.-based Hawthorne Retail Partners.
PORT RICHEY, FLA. — Colliers International has brokered the $1 million sale of a 6,750-square-foot retail property, located at 9644 Scenic Dr. in Port Richey. Cynthia Shelton of Colliers International's Orlando, Fla., office and Mike Milano of the firm's Tampa Bay, Fla., office represented the seller, 6341 Tacoma Dr. Holdings, in the transaction. Barry Goldstein with Goldstein Commercial represented the buyer, a private individual.
ORLANDO, FLA. — Beech Street Capital has provided an $11.2 million Freddie Mac CME loan to refinance the 318-unit Woodhollow Apartments, located at 5739 Kingsgate Dr. in Orlando. Jacob Katz of Meridian Capital Group's Bethesda, Md., office originated the transaction. The loan has a 10-year term.
ALPHARETTA, GA. — Cushman & Wakefield has arranged the sale of a 93,963-square-foot office building, located at 1200 Bluegrass Lakes Pkwy. in Alpharetta. The building is 73 percent leased to Arch Chemicals through 2021. David Meline, Stewart Calhoun, Samir Idris and Casey Masters of Cushman & Wakefield's Atlanta office represented Reed Elsevier, the seller, in the transaction. The buyer, Norcross, Ga.-based OA Development, was self-represented by Eric Singer.
PALM BAY, FLA. — ARA has negotiated the $3.17 million sale of the 216-unit The Pines Apartments, a garden style apartment community located at 3016 Pinewood Dr. NE in Palm Bay. The property is currently 92 percent leased. Kevin Judd, Patrick Dufour and Matt Wilcox of ARA's Orlando, Fla., office represented the seller in the transaction. Cincinnati-based Green Realty Corp. was the buyer.
KNOXVILLE, TENN. — Baker Realty Co. has brokered the $1 million sale of the 39,286-square-foot former Sea Ray Logistics building, a warehouse located at 5501 Island River Dr. in Knoxville. Bob Thornton of Baker Realty Co. represented the seller, Brunswick Corp., in the transaction and procured the buyer, LORYSAN.
HOMEWOOD, ALA. — Beech Street Capital has closed a $19.9 million Freddie Mac CME conventional loan for the 274-unit Mayfair Chateau Manor, located at 3450 Manor Dr. in Homewood. Beech Street's Birmingham office arranged the 10-year loan with a 30-year amortization schedule.