ATLANTA — Healthcare Trust of America has purchased a multi-market hospital portfolio, with assets located in Georgia, Florida and Texas. The more than 217,000-square-foot, 209-bed portfolio includes four long-term acute-care hospitals, which was leased and operated by Select Medical Corp. The combined purchase price was approximately $102 million. Lee Asher and Chris Bodnar of CB Richard Ellis' Healthcare Capital Markets Group represented the seller, Inland American Real Estate Trust, in the transaction.
DURHAM AND CARY, N.C. — Phase 3 Properties has completed the disposition of two laboratory and office buildings in North Carolina. BioMed Realty Trust acquired Patriot Drive Sciences Center, which is located at 3908 Patriot Dr. in Durham, and 3000 Weston Parkway in Cary. Constructed in 1984, the 48,000-square-foot Patriots Drive Sciences Center sold for approximately $8.6 million, while the 30,000-square-foot Weston Parkway property, which was built in 1990, sold for $6.1 million. The Weston property is fully leased to Diosynth Biotechnology. Lee Clyburn of Grubb & Ellis|Thomas Linderman Graham represented Phase 3 Properties in the transactions.
TUSCALOOSA, ALA. — NorthMarq Capital's Atlanta Regional office has arranged $31 million in first mortgage financing for Woodlands of Tuscaloosa, which is located at 100 Hargrove Road East in Tuscaloosa. The 204-room student housing property offers 708 beds. Financing was based on a 7-year term with a 30-year amortization schedule. Bruce Foster of NorthMarq arranged the financing for the borrower, Woodlands of Tuscaloosa Phase I LLC, through NorthMarq's seller-servicer relationship with Freddie Mac.
BELTSVILLE, MD. — Boston-based Cabot Properties has acquired Ammendale Technology Park in Beltsville for $23 million. Built in 1985 and 1986, the seven-building industrial portfolio consists of office and warehouse facilities with ample truck courts. Bo Cashman, Jonathan Beard, Bruce Strasburg and Marc Rampulla of CB Richard Ellis represented the seller, Rockville, Md.-based Washington Real Estate Investment Trust, in the transaction.
BRENTWOOD, TENN. — Northwestern Mutual has acquired Gateway II, a Class A office building in Brentwood, for $24.25 million. Located on 5.5 acres at 5500 Maryland Way, the four-story property offers 117,000 square feet of rentable space. The property is currently 100-percent occupied by tenants, including LifePoint Hospitals, Stanley D. Lindsey & Associates and Robin & Morton. Alex S. Palmer & Co., the seller, developed and built the property in 2007. Douglass Johnson and Steve Preston of CB Richard Ellis' Nashville, Tenn., office brokered the transaction.
HOMESTEAD, FLA. — Marcus & Millichap has brokered the sale of the South Dade Portfolio, a two-community multifamily portfolio in Homestead. The properties offer a total of 150 units. The properties are located at 15451 S.W. 288 Street and 527 Flagler Avenue. A North Miami, Fla.-based investor acquired the portfolio for $5.59 million. Daniel Draizin, Evan Kristol and Still Hunter III of Marcus & Millichap's Ft. Lauderdale, Fla., office represented the seller, an undisclosed investor from Coral Gables, Fla., in the transaction.
JACKSONVILLE, FLA. — Atlanta-based Wood Partners has purchased Magnolia Village Apartments, a Class A multifamily property in Jacksonville. Constructed in 2008 and situated on 8.44 acres at 1620 Bartram Road, the six-building property offers 168 units. The gated community offers one-, two- and three-bedroom floorplans, General Electric kitchen appliances, maple-finished cabinets, ceramic tile in the kitchen and foyer, built-in computer desks, high-speed Internet wiring, ceiling fans, and washers and dryers. The community includes a clubhouse, a resort-style swimming pool with a large sundeck and poolside WiFi access and a fully equipped fitness center. Lubert-Adler and Carter & Associates are equity partners on the acquisition, which was brokered by Atlanta-based Apartment Realty Advisors.
NORCROSS, GA. — CB Richard Ellis Capital Markets has secured a $16.8 million loan for Park Partners LLC for the refinancing of Wesley Park in Norcross. The 14-building apartment community offers 370 units and is more than 91 percent leased. The lender was State Farm Insurance Co. CBRE Debt & Equity Finance's John Farrell, Robert LaCapelle and Richard Jordan secured the loan.
LOUISVILLE, KY. — KBS Real Estate Investment Trust II (KBS REIT II) has acquired National City Tower in downtown Louisville for an undisclosed price. Situated on 2.6 acres in Louisville's Main Street Corridor, the 40-story towers offers 723,300 square feet of Class A office space. The building is 96-percent occupied by a variety of tenants, including PNC Bank, Humana, Greenebaum Doll & McDonald and Dinsmore & Shohl. Paul Lundstedt and John Gain of Grubb & Ellis, along with Craig Collins of Commercial Kentucky, represented the undisclosed seller. KBS Capital Advisors represented KBS REIT II in the transaction.
TOWSON, MD. — Baltimore, Md.-based Merritt Properties has purchased The Exchange, which is located at 1122 Kenilworth Dr. in Towson. The building offers 88,257 square feet of Class A office space. Bo Cashman and Jonathan Beard of CB Richard Ellis represented the seller, Riderwood Associates Limited Partnership, in the transaction. The acquisition price was not released.