HOLLYWOOD, FLA. — Ryan Nee of Marcus & Millichap's Fort Lauderdale, Fla., office has brokered the $1.81 million sale of a 12-warehouse portfolio between two private parties. The buildings, located on seven parcels just north of Pembroke Road in Hollywood, total 44,400 square feet. The properties are currently 90 percent occupied.
KENNESAW, GA. — Seven tenants have leased more than 150,000 square feet of office space at TownPark Commons, a Class A property located off Chastain Road in Kennesaw. The leases, which were secured by Daniel Corp., represent 45 percent of the space within the four-story building. ENERCON Services, represented by Transwestern's Greg Baxendale, has signed a 77,000-square-foot lease extension and expansion. INVISTA, represented by Jim Simpson of Grubb & Ellis, renewed a 50,000-square-foot lease. AVS Underwriting leased 15,000 square feet; Andy Lechter and Josh Gnatt of Studley represented the tenant. Finally, Real Estate Mortgage Network, represented by Kirk Anders and Travis Garland, leased 10,000 square feet, and Citadel Professional Services leased 2,200 square feet.
WASHINGTON, D.C. — Fried, Frank, Harris, Shriver & Jacobson has signed a 102,000-square-foot lease with Louis Dreyfus Property Group for space in the company's Platinum LEED office property, Lafayette Tower. The property is located at 801 17th St. NW in Washington. The firm, which has leased the space for the next 16 years, will move into Lafayette Tower in 2011. CB Richard Ellis' Stephen Siegel, Craig Reicher, Tim Dempsey and Pat Marr represented the tenant; Jonathan Mechanic, Meyer Last and Franz Rassman provided in-house assistance. David Happ and Grier Hoyt of Linowes & Blocher represented the landlord.
STATESBORO, GA. — The Preiss Co. has purchased the 164-unit Bermuda Run student housing complex from an undisclosed seller for $6.3 million. The property is located at 100 Bermuda Run in Statesboro. Features include two swimming pools, a game room and a basketball court. Steve Mack and Jim Sewell of Coastal Apartment Advisors' Hilton Head, S.C., office brokered the deal.
LAUDERDALE-BY-THE-SEA, FLA. — Atlanta-based The Simpson Organization has sold the 15,000-square-foot SunTrust Center to B&C Real Estate Holdings for $2.5 million. The buyer will occupy half the two-story office building, located at 221 E. Commercial Blvd., and SunTrust will operate in the remaining space. David Duckworth of Flagler Real Estate Services represented the seller.
NORTH PORT, FLA. — Banc of America Community Development Corp. has purchased the 312-unit Riley Chase Apartments from Florida Housing Finance Corp. for an undisclosed amount. Located at 1015 Riley Chase Drive in North Port, the 287,928-square-foot Class B complex spans 13 three-story buildings. A swimming pool, business center and fitness center are also located on the 26.96-acre property. Jamie May and Matt Mitchell of Marcus & Millichap's National Multi Housing Group brokered the sale. The firm's Seattle-based Tax Credit Group was also involved in the sale.
FORT WALTON BEACH, FLA. — ABG Sundal Collier ASA has purchased 116 units of the 339-unit Waterscape Resort Condominiums from Crescent Resources for $23.51 million. The $180 million property, located on Santa Rosa Boulevard in Fort Walton Beach, was completed in 2008. John Stone and Jason Stanton of Colliers Arnold and John Crotty and David Metalonis of Colliers Abood Wood-Fay represented the buyer.
SANDY SPRINGS, GA. — Mickey Rist of Love Funding's Detroit office and Bruce Gerhart of the firm's Cleveland office have secured a $7.95 million loan for the Dogwood Forest of Dunwoody. The 86-bed assisted living facility is located at 7400 Peachtree Dunwoody Road in Sandy Springs. Amenities include walking paths, an exercise room, activity rooms and a barber shop. The refinancing was secured through the HUD 232/223(f) program. The loan carries a 5.35 percent interest rate and a 35-year amortization schedule.
BALTIMORE — The Mullan Contracting Co. has completed a $3 million expansion of the Harford County Public Library's Whiteford Branch. The property, located at 2407 Whiteford Road in Baltimore, is now 13,278 square feet, twice its original size. New features include a 1,000-square-foot meeting room, a children's play theater, a storm water management system and a new HVAC system. Bel Air, Md.-based Edmeades & Stromdahl. Ltd. designed the project, which took 1 year to complete.
GAMBRILLS, MD. — Chevy Chase, Md.-based JBG Rosenfeld Retail, JBG's funds VI and VII, and Bethesda, Md.-based Buvermo Investments have purchased the 390,000-square-foot Village at Waugh Chapel from clients advised by Prudential Real Estate Investors for an undisclosed amount. The property, located at the intersection of Crain Highway and Waugh Chapel Road, is 96 percent leased. Tenants include Safeway, L.A. Fitness, Rite Aid, Applebee's and Cold Stone Creamery. Bill Kent and Gary Lawrence of CB Richard Ellis represented the sellers. Northwestern Mutual Life Insurance Co. provided financing for the purchase.