CHARLESTON, S.C. — NAI Avant represented the undisclosed seller disposition of the second and third floors of 270 King Street in downtown Charleston. The property was formerly The Masonic Lodge and Shahid's Department Store. Thomas Boulware of NAI Avant brokered the transaction, which was valued at $1.6 million.
CAMP SPRINGS, MD. — Fantini & Gorga has arranged $53.59 million in financing for the refinancing of MetroPlace at Town Center in Camp Springs. The multifamily property offers 397 units. The proceeds include a $46.84 million first mortgage and a $6.75 million mezzanine loan. Tim O'Donnell and Mark Whelan of Fantini & Gorga originated and placed the loan for the undisclosed borrower.
MANASSAS, VA. — NorthMarq Capital has arranged $27.5 million in permanent financing for Raven's Crest Apartments in Manassas. The garden-style apartment community offers 444 units. Gary McGlynn, Kenneth Gentzel and Frank Relihan of NorthMarq's Washington, D.C., office secured the loan through NorthMarq's relationship with a major pension fund.
MIAMI — Miami Valley Hospital has opened its new 484,000-square-foot Southeast Addition. The $150 million, 11-story tower features 178 patient rooms and a comprehensive heart center, including imaging services, cardiac testing, cardiac catheterization labs adn heart surgery suites. Additionally, the facility include future capacity for 72 private patient rooms, a new patient/visitor entry lobby, two levels of underground parking, overhead pedestrian connectors and a loading dock. The project was built by a joint venture of Skanska USA and Shook Construction. NBBJ, on behalf of Premier Health Partners, provided architectural services for the project.
ST. PETERSBURG AND TAMPA, FLA. — CB Richard Ellis (CBRE) Capital Markets has brokered the sales of more than 685,000 square feet of office space in the Tampa Bay area. In St. Petersburg, a joint venture of affiliates of Second City Capital Partners, Feldman Equities and Tower Realty Partners acquired City Center, a two-building 242,115-square-foot office campus, for $16.5 million or $68 per square foot. Don Jennewein of CBRE's Debt & Equity Group secured bridge loan financing on behalf of the buyer. In Tampa, CBRE represented a joint venture consisting of affiliates of Trigate Capital, Feldman Equities and Tower Realty Partners in the acquisition of Fountain Square II, a 134,065-square-foot office building. Additionally, on behalf of Wells Fargo, CBRE arranged the $12 million sale of Independence Park, a 43.81-acre multi-building development site, which includes an existing 116,723-square-foot office building. The property is a fully entitled Development of Regional Impact, which can support up to 524,000 square feet of additional office space. In Mid-Pinellas County, CBRE, on behalf of Midland Loan Services, arranged the sale of 16120 U.S. Highway 19, a 192,106-square-foot office building, to St. Petersburg-based The Cypress Company. CBRE's marketing team was led by Dale Peterson and Paul Carr …
MIAMI — Brickell Hotel Group has topped off the 221-room Hampton Inn & Suites at 50 S.W. 12 St. in Miami's financial district. The 15-story, 169,300-square-foot hotel, which was designed by Miami-based Israel Bigelman, is scheduled for completion in September. John Moriarty Associates of Florida Inc. is constructing the property. Wells Fargo provided an $18 million construction loan for the property and a $5 million loan was obtained from Monday Morning Mortgage and Investment Co. The project is estimated to cost more than $36 million.
POMPANO BEACH, FLA. — Bethesda, Md.-based Urgo Hotels has acquired Ocean Point Hotel, a beachfront property in Pompano Beach, for an undisclosed price. Located at 1208 and 1200 N. Ocean Blvd., the nine-story hotel will be renovated to include 114 additional rooms, 3,000 square feet of indoor function/meeting space, 2,000 square feet of outdoor function space, a health club, an outdoor pool and a lobby. The property will reopen under a new flag in the fourth quarter.
TAMPA, FLA. — Feldman Equities has acquired a 134,065-square-foot multi-story office building in Tampa for $16 million. The San Diego, Calif., office of ARG Capital Partners arranged the joint venture equity for the acquisition. Bryan Clark of ARG secured the financing.
WINTER HAVEN, FLA. — Marcus & Millichap has brokered the sale of Sunrise Bay Apartments, a 90-unit multifamily property located at 101 Parker Lane N.E. in Tampa. The property, which was built in 1991, sold for $2.45 million. Michael Regan, Francesco Carriera and Nicholas Meoli of Marcus & MIllichap represented the seller, a private investor, and the buyer, a limited liability company, in the transaction. Additional terms of the sale were not disclosed.
CARY, N.C. — NorthMarq Capital has arranged $12.6 million in first mortgage financing for Tryon Village in Cary. Located at 1151 Tryon Village Dr., the 103,775-square-foot retail center is occupied by Harris Teeter, Brueggers Bagels and Starbucks Coffee. Financing was based on a 25-year term with a 25-year amortization schedule. Todd Crouse of NorthMarq arranged the financing for the undisclosed borrower through NorthMarq's relationship with Genworth Financial.