BALTIMORE — Beech Street Capital has provided $40 million in financing for a three-property multifamily portfolio, with properties located in Baltimore, Glen Burnie and Essex, Md. The portfolio totals more than 1,200 units. Jacob Katz of Meridian Capital Group's Bethesda, Md., office secured the 10-year loan with a 30-year amortization schedule.
CHANTILLY, VA., AND LANDOVER, MD. — Rockville, Md.-based Washington Real Estate Investment Trust has sold the remaining two properties in its industrial portfolio, the 324,412-square-foot Dulles Business Park in Chantilly and the 150,000-square-foot 6100 Columbia Park Road in Landover, for $70.6 million. The buyer of the portfolio was a joint venture between AREA Property Partners and the Adler Group. The sale proceeds of the full portfolio total $350 million.
SANDY SPRINGS, GA. — A joint venture between Tribridge Residential and Stockbridge Capital Group has purchased the 298-unit Century Perimeter Park, located at 6210 Peachtree Dunwoody Rd. in Sandy Springs, from Centennial Holding Co. for $39.7 million. The property is located in the Perimeter Center submarket of Atlanta. Derrick Bloom, David Gutting, Vince Lefler and Porter Jones of Jones Lang LaSalle's Atlanta office represented the seller in the transaction.
WINTER PARK, FLA. — The $9.1 million, 38,000-square-foot Winter Park Community Center, located at 721 W. New England Ave. in Winter Park, has opened. SchenkelShultz Architecture, along with design-build partner Turner Construction Co., designed the center to achieve LEED Silver certification. Included in the building is ballroom and banquet space, a commercial-grade kitchen, fitness center, media center, senior center, an outdoor stage, two basketball courts and a swimming pool.
KISSIMMEE, FLA. — Hardin Construction has topped off the 300-unit Embassy Suites Orlando – Lake Buena Vista South, located at 4955 Kyng's Heath Rd. in Kissimmee. Helman Hurley Charvat Peacock Architects is the architect of record for the project, which is slated for completion in the fall of 2012.
TALLADEGA, ALA. — Walker & Dunlop has arranged a $7.8 million loan through HUD's Section 223(a)(7) Streamline Refinance Program for the 234-bed Talladega Healthcare Center, located at 616 Chaffee St. in Talladega. Jay Healy of Walker & Dunlop's Atlanta office secured the 30-year fully amortizing loan.
DECATUR, GA. — Cushman & Wakefield has negotiated the sale of the 122,000-square-foot 160 Clairemont, a Class A office building located at 160 Clairemont Ave. in Decatur. The building was 78 percent leased at the time of the sale. Stewart Calhoun, David Meline, Samir Idris and Casey Masters of Cushman & Wakefield's Atlanta office represented Lexington Realty Trust, the seller, in the transaction. Miami-based Parmenter Realty Partners was the buyer.
CORAL SPRINGS, FLA. — The 21,200-square-foot Brookside Square, a Publix-shadow anchored retail property located at 10611 Wiles Rd. in Coral Springs, has sold for $2.42 million. Barry Wolfe of Marcus & Millichap's Fort Lauderdale, Fla., office represented the seller, an individual/personal trust, in the transaction and procured the buyer, a limited liability company.
GASTONIA, N.C. — Calkain Cos. has arranged the $2.3 million sale of a 10,900-square-foot retail property, located in Gastonia. Andrew Fallon of Calkain Cos.' Bethesda, Md., office represented the buyer, a mid-Atlantic real estate investor, in the transaction. Simon Jonna and Raymond Jonna of Marcus & Millichap represented the seller. The property is leased to Rite Aid under a long-term, triple net lease.
CHARLOTTE, N.C. — Percival McGuire Commercial Real Estate Development has completed a $1.4 million, 9,100-square-foot Dollar General, located at 6542 Statesville Rd. in Charlotte. The ground-up development started in August.