MEMPHIS, TENN. — Peabody Place Hotel Co. has sold the 144-room Hampton Inn & Suites Memphis Beale Street to Fairwood Capital for an undisclosed amount. The 10-year-old property, which was renovated in 2007, is located at 175 Peabody Place in Memphis. The Memphis office of Wyatt, Tarrant & Combs represented Fairwood in the transaction.
SAVANNAH, GA. — American Hotel Development Partners has opened the 88-room Holiday Inn Express Inn & Suites Savannah in midtown Savannah. The property will be managed by Harris Hotel Group. The hotel, part of a worldwide brand relaunch by InterContinental Hotels Group, has replaced an old two-story Holiday Inn.
ROANOKE, VA. — Kroger LP has sold a 39,980-square-foot Kroger store to Branch Management Corp. for an undisclosed amount. The property is located on 4.82 acres at 3419 Orange Ave. in Roanoke. The buyer plans to redevelop and lease the store, which Kroger has occupied since 1984. Tommy Drew of S.L. Nusbaum Realty Co. represented Kroger in the transaction.
KENTUCKY, TENNESSEE AND VIRGINIA — NTS Realty Holdings LP has secured a $156 million refinancing loan for an eight-property multifamily portfolio in Kentucky, Tennessee, Virginia and Indiana. The Southeast properties include the 464-unit Park Place Apartments and the 310-unit Willows of Plainview in Lexington and Louisville, Ky., respectively; the 301-unit Grove Whitworth Apartments and the 292-unit Grove Richland Apartments in Nashville, Tenn.; and the 240-unit Grove Swift Creek Apartments in Midlothian, Va. Freddie Mac financed the 10-year loan, which carries a 5.4 percent interest rate. Matthew Schoenfeldt of Holliday Fenoglio Fowler's Chicago office secured the loan.
KISSIMMEE, FLA. — Turner Construction Co. has completed the 171,838-square-foot Westside K-8 School, located at 2551 Westside Blvd. in Kissimmee. The two-building, $24.4 million project includes a gym, an art and music suite, and a career wing. Orlando, Fla.-based SchenkelShultz Architecture designed the development.
FORT MYERS, FLA. — Vanderbilt Bay Construction will start work this fall on Park Regency at The Forum, a 120,000-square-foot senior facility, for Senior Care of Southwest Florida Development. The property will be located near the interchange of Colonial Boulevard and Interstate 75 in Fort Myers. Gora/McGahey Architects designed the project, which features a two-story assisted living area, a one-story Alzheimer's wing and a three-story independent living building.
CAMBRIDGE, MD. — GKD-USA has purchased the 65,705-square-foot Regina USA manufacturing facility from an undisclosed party for an undisclosed price. Located at 824 Chesapeake Drive in Cambridge, the property sits on 5.64 acres of land in the Chesapeake Industrial Park. Henry Hanna and Wesley Cox of Sperry Van Ness-Miller Commercial Real Estate brokered the sale.
WINSTON-SALEM, N.C. — Greensboro, N.C.-based Wedgewood Partnership has sold the 137-unit Cedar Woods Apartments to BCBB for $1.6 million. The property is located at 1618-1620 W. First St. in Winston-Salem. Ellen Moore of Winston-Salem-based Coldwell Banker Commercial Realtors represented the seller. Rod Hatcher of Miller-Hatcher Commercial Real Estate in Winston-Salem represented the buyer.
JACKSONVILLE, FLA. — CB Richard Ellis Realty Trust has acquired a 601,500-square-foot build-to-suit distribution facility from a private party for an undisclosed price. Located at 2300 Pickettville Road in Jacksonville, the property is fully leased to Dr. Pepper until 2019. Building features include 32-foot high ceilings, ESFR sprinklers and T5 lighting.
BETHESDA, MD. — Brookfield Properties Corp. has sold the 167,000-square-foot One Bethesda Center to JBG Cos. for $71 million. The Class A office is located at 4800 Hampden Lane in Bethesda. As part of the sale, JBG also assumed an existing $53 million loan. The building is 99 percent occupied by Boston Consulting Group, AREVA NC and 12 other tenants. Jim Meisel and Dek Potts of Holliday Fenoglio Fowler's Washington, D.C., office represented the seller.