Southeast

MERCEDES-BENZ OPENS 415,000-SQUARE-FOOT FACILITY IN JACKSONVILLE, FLA.

by admin December 3, 2010

JACKSONVILLE, FLA. — Mercedes-Benz USA has opened its 415,000-square-foot regional headquarters facility in Jacksonville. Located on International Parkway, the facility houses the sales operations Southern region office, a parts distribution center, a quality evaluation center and a learning and performance center. the project was designed by Orlando-based Cuhaci & Peterson Architects with MFC Customized Solutions providing industrial design services and Elkins Constructors serving as general contractor.

December 3, 2010

HOPE HOSPICE ACQUIRES 46.3-ACRE LAND PARCEL IN FORT MYERS, FLA.

by admin December 3, 2010

FORT MYERS, FLA. — Hope Hospice & Community Services has acquired a 46.3-acre land parcel, located at the northwest corner of Six Mile Cypress Parkway and Metro Parkway in Fort Myers. The buyer plans to development a high-quality care facility on the site, which was acquired for $7.56 million. Michael Doyle of LandQwest Commercial represented Hope Hospice in the transaction. The seller was not released.

December 3, 2010

Multifamily Southeast

BERGER COMMERCIAL CLOSES THREE SALES IN FLORIDA

by admin December 2, 2010

FORT LAUDERDALE AND HOLLYWOOD, FLA. — Judy Dolan and Steve Hyatt of Berger Commercial Realty Corp. represented the sellers in three separate multifamily transactions in south Florida. In the first transaction, Doran Florida sold three apartment buildings to Glenshee Omega Carleton for $1.6 million. The properties, totaling 32 units, are located at 75 S.W. 10th St., 100 S.W. 10th St. and 100 S.W. 9th St. in Fort Lauderdale. In the second transaction, ECP Properties sold an 18-unit apartment building to DIV USA for $965,000. The 13,202-square-foot property is located at 1607 Arthur St. in Hollywood. Finally, SBC 2010-1 sold a 13-unit apartment building, which is located at 6031 Polk St. in Hollywood, to 6031 Polk Street LLC for $352,000.

December 2, 2010

Office Southeast

CALKAIN BROKERS $1.15 MILLION OFFICE SALE IN VIRGINIA

by admin December 2, 2010

LORTON, VA. — Jerry Burg and Andrew Fallon of Calkain Realty Advisors have brokered the investment sale of a triple-net leased property in Lorton. Located within Lorton Station Town Center, the 3,695-square-foot office condominium is leased to defense contractor EOIR Technologies on a long-term, triple-net basis. A private investor acquired the property for $1.15 million. The seller was not released.

December 2, 2010

Office Southeast

SOUTHERN PINES MARKETPLACE TRADES HANDS IN NORTH CAROLINA

by admin December 2, 2010

SOUTHERN PINES, N.C. — Norfolk, Va.-based Suburban Asset Management, a private investment company, has acquired Southern Pines Marketplace for an undisclosed price. Situated in the Pinehurst community, the property is 98-percent occupied by tenants, including Stein Mart, Olive Garden, Dickie's BBQ and Golf Augusta. Mike Burkard, Chris Decouflé and Steve Shields of CB Richard Ellis arranged the transaction. The seller was not disclosed.

December 2, 2010

Retail Southeast

$15.6 MILLION LOAN ARRANGED FOR RETAIL CENTER IN ALABAMA

by admin December 2, 2010

DAPHNE, ALA. — Coral Gables, Fla.-based American Real Estate Capital has closed on a $15.6 million loan for the acquisition of Jubilee Square in Daphne. The 340,000-square-foot is 90-percent leased by tenants, including Stein Mart, Rave Motion Pictures, TJ Maxx and Hobby Lobby. The property is managed by Blackwater Management. Additional terms of the financing were not released.

December 2, 2010

Seniors Housing Southeast

384-BED STUDENT HOUSING COMPLEX SELLS IN TALLAHASSEE

by admin December 1, 2010

TALLAHASSEE, FLA. — Stragetic Capital Partners, through its Stragetic Capital Partners Real Estate Opportunity Fund I, has acquired University Courtyard in Tallahassee. The 96-unit, 384-bed student-housing complex was acquired through a partnership sponsored by Atlanta-based Global Asset Alternatives. The partnership invested approximately $2.1 million of equity and received 10-year Freddie Mac financing originated by Walker & Dunlop. The property was 100 percent occupied at the time of acquisition. Terms of the transaction were not released.

December 1, 2010

Multifamily Southeast

100-UNIT MULTIFAMILY PROPERTY TRADES HANDS IN TENNESSEE

by admin December 1, 2010

OAK RIDGE, TENN. — Vikas LLC has purchased McKenzie Acres Apartments, a 100-unit multifamily property located in Oak Ridge. Built in 1969, the fully-occupied property sold for $2.9 million. The property is under a HUD Housing Assistance Payments Section 8 contract, which provides rent and utility subsides for the income-qualified tenants. Steve Goldman and John Dempster of NAI Knoxville represented the Knoxville, Tenn.-based seller in the transaction. Financing for the acquisition was provided by Lebanon, Tenn.-based First Freedom Bank.

December 1, 2010

Mixed-Use Southeast

PERSEUS REALTY, JAG TO DEVELOP 300,000-SQUARE-FOOT MIXED-USE PROJECT IN D.C

by admin November 30, 2010

WASHINGTON, D.C. — Washington, D.C.-based Perseus Realty has partnered with McLean, Va.-based Jefferson Apartment Group (JAG) to develop a mixed-use project at 14th and W streets in Washington, D.C. The 300,000-square-foot project will feature 231 rental apartments, an all-new 44,000-square-foot YMCA facility and more than 10,000 square feet of retail space. The first phrase, including the YMCA facility and initial apartments, will be available in summer 2012, with the project scheduled for completion in fall 2012. The development team plans to begin demolition of existing buildings in early December. The project received equity financing from Rockpoint Group and a $53 million construction loan from Wells Fargo Bank. Hellmuth, Obata & Kassabaum Inc. and Davis Carter Scott Ltd. are providing architectural services; Clark Construction is serving as general contractor for the project.

November 30, 2010

Hospitality Southeast

181-ROOM SHERATON SELLS FOR $9.8 MILLION IN LOUISIANA

by admin November 30, 2010

METAIRIE, LA. — Atlanta-based Songy Partners Ltd., in a joint venture with AImbridge Hospitality and Argonaut Private Equity, has acquired a Sheraton Hotel, which is located at Four Galleria Blvd. in Metairie. The Situs Companies, serving as a special loan servicer to a CMBS trust, sold the property for $9.8 million. The 181-room hotel features more than 4,000 square feet of meeting space, a rooftop lap pool, a restaurant and a fitness facility. Aimbridge Hospitality will manage the property. The Plasencia Group brokered the transaction.

November 30, 2010

Newer Posts

Older Posts

Upcoming Events

Aug
18