JACKSONVILLE, FLA. — Walchle Lear Multifamily Advisors has represented an undisclosed party in its $1.5 million sale of an apartment complex to a private buyer. The 52-unit Jacksonville property was built in 1964. The Florida-based firm's Erik Bjornson represented the seller in the transaction.
GONZALES, LA. — Jackson, Miss.-based MISSCO Corp. d/b/a School Book Supply of Louisiana has signed a 52,620-square-foot lease with Sealy & Co. for space in its Sealy Ashland Distribution Center. The 147,385-square-foot Gonzales property is now 86 percent leased. NAI/Latter & Blum's Ben Johnson represented MISSCO in the lease. Jennifer A. Lee served as in-house representation for Sealy & Co.
LEBANON, TENN. — Deutsche Bank Berkshire Mortgage has secured a $17.8 million construction loan for the 210-unit Callis Hills Apartments. The Lebanon complex will encompass 11 buildings and feature a pool, a fitness center and a tennis court. The HUD loan is insured by the Federal Housing Administration. The 40-year loan has a fixed interest rate.
COLUMBIA, MD. — Martek Biosciences Corp. has signed an 86,367-square-foot lease with Preston Partners for space in a medical office facility. The property is located at 6480 Dobbin Road in Columbia. The lease accounts for renewal and expansion space. Scheer Partners represented Martek in the lease.
TAMPA, FLA. — An undisclosed borrower has received a $8.4 million acquisition loan for University Park, a multi-tenant medical office building. The 99,000-square-foot property is fully occupied and is located across from University of South Florida's Tampa campus. The 5-year loan comes with a 6 percent interest rate and a 25-year amortization schedule. Biscayne Asset Management secured the loan.
SANFORD, FLA. — Sanford-based AMR Florida Holdings has purchased a 30,000-square-foot warehouse from Salt Lake City-based Zions First National Bank for $900,000. The property, located on 2.64 acres at 2664 Jewett Lane in Sanford, was built in 1984. Allison Reynolds of Orlando, Fla.-based Duke Kroeger & Co. represented the buyer. Sperry Van Ness' Tyler Doggett represented the seller.
ORLANDO, FLA. — Panther Properties Investment has purchased the 306-unit Venue Apartments in Orlando from the FDIC for $26.5 million. The FDIC had acquired the property as part of its takeover of IndyMac Bank. The property, which is located on 27.83 acres, was developed in 2005 by Wood Partners. Features include a fitness room, a media center and a pool. Venue Apartments was first sold in May 2006 for $48 million. Cushman & Wakefield represented the FDIC in the transaction.
ORLANDO, FLA. — MCP Retail has sold the Pleasant Hill Commons shopping center to an undisclosed party for $12.37 million. The property is located at the intersection of US Highway 17-92 and Pleasant Hill Road in Orlando. Pleasant Hill Commons, which is anchored by Publix, opened in 2008 and also houses Subway, Pizza Hut, 7-Eleven and Wendy's. CB Richard Ellis brokered the sale.
AUGUSTA, GA. — Arbor Commercial Mortgage has arranged a $3.12 million loan for the 64-unit Avalon Apartments in Augusta. Fannie Mae DUS funded the 10-year loan. The loan carries a 6.15 percent interest rate and a 30-year amortization schedule.
WESTON, FLA. — Strategic Storage Trust has purchased two storage facilities in Weston and New Jersey from Chicago Five Properties for a combined $23 million. The 651-unit Florida property is located at 16400 State Road 84 and is currently 86.1 percent occpuied. CB Richard Ellis represented the seller.