COLONIAL HEIGHTS, VA. — Cushman & Wakefield — Thalhimer has arranged the $1.1 million sale of a 22,657-square-foot retail property, located at 1823 Southpark Blvd. in Colonial Heights. CHVA Properties purchased the former Circuit City building from 1823 Southpark LLC. Connie Nielsen of Cushman & Wakefield — Thalhimer represented the seller in the transaction.
CHARLOTTESVILLE, VA. —Ted Hermes of Walker & Dunlop's Bethesda, Md., office has secured a $29 million loan for the 280-unit Avemore Apartments, located at 1540 Avemore Ln. in Charlottesville. The 10-year refinance loan has a 30-year amortization schedule and was funded under the Fannie Mae DUS Loan program.
ROCKVILLE, MD. — Ellwood Thompson's has leased 15,000 square feet with Federal Realty Invesment Trust to open Dawson's Market at the 180,000-square-foot Rockviile Town Square, located at 200 E. Middle Ln. in Rockville. The store is slated to open in spring 2012.
FLORENCE, S.C. — Farmington, Conn.-based Otis Elevator has purchased the 423,581-square-foot Florence Industrial Center, located at 1500 Range Way in Florence, from Hackman Capital for an undisclosed price. John Ticon and Edward Kercher of Cushman & Wakefield's Charleston, S.C., office represented the buyer in the transaction. Randy Stump of Charlotte, N.C.-based The Stump Corp. represented the seller.
DECATUR, GA. — The 10,125-square-foot CVS/pharmacy, located at 4037 Glenwood Rd. in Decatur, has sold for $2.57 million. CVS/pharmacy has a 20-year lease on the property with approximately 8.5 years of the original term remaining. Dan Cooper of Cleveland-based The Cooper Commercial Investment Group represented the seller, a private East coast company, and procured the buyer, a Texas-based private group.
ORLANDO, FLA. — Steven Rock of Marcus & Millichap's New York City office has closed a 3-year, $42 million refinance loan for the 1,100-room Double Tree by Hilton — Orlando SeaWorld, located on International Drive in Orlando. Rock secured the financing through an investment fund.
RALEIGH, N.C. — Frank Relihan of NorthMarq Capital's Washington, D.C., office has arranged $14 million in acquisition financing for the 518-bed University Suites, an off-campus student housing property located at 2190 Ocean Reef Pl. in Raleigh. The property is near North Carolina State University. The 10-year loan has a 30-year amortization schedule and was provided by AmeriSphere Multifamily Finance.
CHARLOTTE — Compass Group USA, Inc. has renewed and expanded its lease for 214,507 square feet inside Coliseum Centre, a six building Class A office property in Charlotte. The original lease, originated in 1994, was for 47,450 square feet. The 12.5-year lease was for office space in Coliseum Centre One and Two. Jessica Brown, Anne Vulcano and Kathleen Cannon of CB Richard Ellis' Charlotte office represented the landlord in the transaction. Steve Schneider, Daniel Nack and Vern Anderson of UGL Equis represented the tenant.
LAFAYETTE, LA. — The 200-bed hospital and 104,000-square-foot medical office building Our Lady of Lourdes Medical Center, located at 4801 Ambassador Caffery Pkwy. in Lafayette, has opened. The development is Phase I of HOK's master planned 45-acre campus. In addition to the 200 beds, the 396,000-square-foot hospital contains eight operating rooms, 19 emergency rooms and 24 intensive care rooms. Lafayette-based The Lemoine Co. and Birmingham, Ala.-based Brasfield & Gorrie served as the construction managers for the project and Jefferson, Ind.-based The Estopinal Group was the architect for the medical office building.
RICHMOND, VA. — Harbor Group International (HGI) has sold the 300-unit Sundance Station Apartments, located at 3500 Sundance Way in Richmond, to TGM Realty Advisors for $25.75 million. The property is currently 94 percent leased. Cushman & Wakefield of Virginia represented the seller in the transaction.