FORT MYERS, FLA. — Gartner Inc. has selected McGarvey Development to construct its new 120,000-square-foot build-to-suit industrial facility in Fort Myers. The property will be located within Eastlinks Business Park, a 46-acre, mixed-use park located at Daniels Parkway and Gateway Boulevard. Completion is scheduled for September.
FOLKSTON, GA. — Rich Murphy of Calkain Companies represented a private investor in the acquisition of a Dollar General store in Folkston. The 9,014-square-foot retail property is leased to Dollar General on a long-term, double-net basis. The asset traded at an 8.9 percent CAP rate. Bill Weitzenkorn of Tri-Oak Commercial represented the undisclosed seller.
HAVRE DE GRACE, MD. — Bentall Kennedy has acquired a 613,000-square-foot distribution center in Havre de Grace for $26.4 million. Located at 1900 Clark Road, the center is fully leased to The Sun Products Corp. through February 2016. The seller was a joint venture between Hamphire Real Estate Companies and MCB Real Estate. Jonathan Carpenter, Jay Wellschlager and Philip Iglehart of Cassidy Turley's Baltimore office brokered the transaction.
ROANOKE RAPIDS, N.C. — Desi Brothers Investments has acquired the Best Western in Roanoke Rapids for an undisclosed price. Accessible from Interstate 95, the 100-room hotel transaction included an onsite restaurant facility, which the buyer plans to renovate and reopen. Ed James and Steve Kirby with The Mumford Company represented the seller, Nationwide Properties, in the transaction.
TAMPA, FLA. — NorthMarq Capital has arranged a $2.6 million loan for Cypress Business Center in Tampa. Located at 4920 W. Cypress St., the 43,948-square-foot industrial facility is occupied by The AmScot Corp. and Cardio Command. Robert Hernandez of NorthMarq's Tampa Regional office arranged the financing through Thrivent Financial for Lutherans.
WASHINGTON, D.C. — The non-profit organization Campaign for Tobacco-Free Kids has leased 22,051 square feet of office space at 1400 Eye St. N.W. in Washington D.C. Mindy Saffer of locally based West, Lane & Schlager represented the tenant in the 10-year lease renewal. Terms of the transaction were not released.
DURHAM, N.C. — American Real Estate Partners has completed the disposition of Nottingham Hall, an office building located at 4505 Emperor Blvd. in Durham. Situated within Durham's Imperial Center business park, the building offers 105,363 square feet of Class A office space. The building was sold to an undisclosed buyer for an unreleased price. Paul Collins, Bill Collins, Drew Flood, Jud Ryan, James Cassidy, David Finger and Hillman Duncan of Cassidy Turley represented the seller in the transaction.
WEST PALM BEACH AND LAUDERHILL, FLA.; AND RALEIGH, N.C. — Arbor Commercial Funding, a wholly owned subsidiary of Arbor Commercial Mortgage, has funded three loans totaling $13.25 million under the Fannie Mae DUS Loan and Fannie Mae DUS Small Loan product lines in Florida and North Carolina. The 192-unit Sunset Place Apartments in West Palm Beach received a $6.5 million, 10-year loan, which amortizes on a 30-year schedule. Olive Tree Apartments, a 88-unit complex in Lauderhill, received a $3.3 million, 10-year acquisition loan, which amortizes on a 30-year schedule. Finally, the 39-unit Blackwolf Run II-6 in Raleigh received a $3.45 million, 9-year loan, which amortizes on a 30-year schedule. Alexander Kaushansky of Arbor's New York office originated the loans. Additional loan terms were not disclosed.
ROGERS, ARK. — Marcus & Millichap has brokered the sale of a net-leased Burger King in Rogers. Located at 500 S. Eighth St., the 3,621-square-foot facility sold for $1.58 million. John Edward Brigel, Ron Schultz and CJ Cooper of Marcus & Milichap represented the undisclosed seller in the transaction. The buyer was not released.
PADUCAH, KY. — David Garfinkel of NorthMarq Capital's St. Louis Regional office has arranged a $4.3 million loan for Paducah Towne Center in Paducah. The 178,425-square-foot, free-standing Walmart-anchored center is located at 3220 Irvin Cobb Dr. Financing was based on a 10-year term with a 25-year amortization schedule. NorthMarq arranged the financing through its relationship with Symetra Life Insurance Co.