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.
PASCO COUNTY, FLA. — Hawkins Construction is gearing up for a groundbreaking for the 110,000-square-foot Hays Towne Center, a shopping center located at the intersection of State Road 52 and Hays Road in Pasco County. The Tampa office of Lyman Davidson Dooley designed the project. Publix will anchor the center, which will also house Great Clips, Spa 1 Nails, Penthouse Cleaners and Hawkeye Pizza. Hays Towne Center is being developed by Haysvest LLC, which is comprised of DCT Systems Group, Shuler Properties and Dunphy Properties.
WARM SPRINGS, GA. — Batson-Cook and Cooper Carry are planning a 72,000-square-foot residence hall at The Roosevelt Warm Springs Institute for Rehabilitation in Warm Springs. When completed, the project will house 150 beds for patients with disabilities in 72 rooms. Additional features include classrooms, a café, lounges, a nurse's station and a library.