Southeast

ROLLINS COLLEGE BREAKS GROUND ON 112-ROOM HOTEL

by admin November 10, 2011

WINTER PARK, FLA. — Rollins College has broken ground on the 112-room Alfond Inn, located at the former Langford Hotel site approximately one block from campus in Winter Park. The 100,000-square-foot facility will feature 8,000 square feet of a ballroom and meeting space, a conservatory, signature restaurant, elevated pool deck, bar, fitness center and a series of courtyards. Baker Barrios Architects is the architect for the project and Hardin Construction Co. is the construction manager. The Olympia Cos. will manage the property upon completion in the spring of 2013. The Harold Alfond Foundation donated $12.5 million to the college to construct the project.

November 10, 2011

JV BUYS HAMILTON PLACE SHOPPING CENTER IN ALA.

by admin November 10, 2011

AUBURN, ALA. — Pine Tree Silverpeak Retail Partners, a joint venture between Northbrook,Ill.-based Pine Tree Commercial Realty and New York-based Silverpeak Real Estate Partners, has joined with New York-based Privet Investments to acquire the 79,540-square-foot Hamilton Place Shopping Center, located at 2415 Moores Mill Rd. in Auburn. Publix anchors the center. Brent Gladden of Auburn-based University Real Estate Group represented the seller, Hamilton Place LLC, in the transaction.

November 10, 2011

Seniors Housing Southeast

OAK GROVE ARRANGES $16M LOAN FOR SENIOR HOUSING FACILITY

by admin November 10, 2011

SPRING HILL, FLA. — Oak Grove Capital has secured a $16 million Fannie Mae supplemental loan for the 205-unit The Residences at Timber Pines, located at 3140 Forest Rd. in Spring Hill. The loan was provided to refinance the recourse construction loan used by the facility's sponsor, Chaska, Minn.-based The Goodman Group, to construct a 78-unit expansion. The 10-year loan has a 30-year amortization schedule.

November 10, 2011

Retail Southeast

HOBBY LOBBY SIGNS 57,000-SQUARE-FOOT LEASE

by admin November 10, 2011

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.

November 10, 2011

Multifamily Southeast

POLLACK SHORES BUYS TWO GA. APT. COMMUNITIES FOR $49.1M

by admin November 9, 2011

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.

November 9, 2011

Industrial Southeast

DALFEN AMERICA CORP. BUYS INDUSTRIAL PROPERTY FOR $7.2M

by admin November 9, 2011

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 .

November 9, 2011

Retail Southeast

HOLCOMB WOODS VILLAGE RETAIL CENTER SELLS FOR $3.42M

by admin November 9, 2011

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.

November 9, 2011

Retail Southeast

COLLIERS ARRANGES $1M RETAIL SALE

by admin November 9, 2011

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.

November 9, 2011

Multifamily Southeast

BEECH STREET PROVIDES $11.2M MULTIFAMILY LOAN

by admin November 9, 2011

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.

November 9, 2011

Office Southeast

C&W BROKERS SALE OF 93,963-SQUARE-FOOT OFFICE BUILDING

by admin November 8, 2011

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.

November 8, 2011

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