ALEXANDRIA, VA. — The 280-unit Alexan Carlyle in Alexandria, currently 93 percent leased, has sold for an undisclosed price. Amenities include an internet cafe, fitness center, game room, resort-style pool, a courtyard with a grilling area and more. A fund managed by Prudential Real Estate Investors purchased the property, who was not represented. The seller, a partnership led by Dallas, Texas-based Trammell Crow Residential, was represented by Dave Nachison, Alan Davis and Brenden Flood of Holliday Fenoglio Fowler's Washington, D.C. office.
Southeast
CHARLOTTE, N.C. — Balfour Beatty Construction has partnered with Shelco, Inc. to build the 125,000-square-foot Mosaic Village Student Housing project, a new four-story, 300-bed building adjacent to Johnson C. Smith University's Charlotte campus. Groundbreaking will take place in April with construction starting in the summer. The project is expected to be complete in July 2012.
ABERDEEN, MD. — Kinsley Properties and Sherwood Partners announced plans to break ground in April on Fieldside Commons, four, four-story Class A office buildings totaling 500,000 square feet in Aberdeen. The owners have selected Cassidy Turley to lease the project. The first building, 120,000 square feet, is expected to open in January 2012.
LAUDERHILL, FLA. — A $21 million permanent/refinance loan was secured by Walker & Dunlop for the 405-unit Glen at Lauderhill, which is currently 95 percent leased. Amenities of the property include an outdoor pool, tennis courts, fitness center, playground, car wash area and more. The 10-year term loan has a 30-year amortization and was secured through Freddie Mac. Stephen Farnsworth of Walker & Dunlop's New Orleans office led the team.
WASHINGTON, D.C. — Cassidy Turley secured $46.5 million in debt financing for 293,845-square-foot Georgetown Center, two buildings located at 2121 and 2115 Washington Ave. in Washington, D.C. The two buildings are a major off-campus location for Georgetown University and MedStar Health. John Campanella of Cassidy Turley's Washington, D.C. office arranged the five-year, interest only loan from a CMBS lender on behalf of the owner, Chevy Chase, Md.-based JBG Companies.
ORLANDO, FLA. — Bill Johnson of NorthMarq Capital's office in Boca Raton, Fla., arranged $35.65 million first mortgage financing for 233,637-square-foot Lake Buena Vista Factory Stores, located at 15553 & 15601 S. Apopka Vineland Rd. in Orlando, which includes stores like VF Factory Outlet, Nike, Reebok, Old Navy, Ann Taylor and more. Financing was based on a 10-year term with a 30-year amortization schedule. NorthMarq arranged for the borrowers through Goldman Sachs Commercial Mortgage Capital.
RALEIGH, N.C. — A joint venture between Philadelphia-based TRECAP Partners and Greensboro, N.C.-based Bell Partners purchased a Raleigh community for $27 million. Autumn River Apartments contains 284 units in 13 three-story buildings on 20 acres. Built in 2001, the Class A community also features a clubhouse with a swimming pool. The seller's name was not released.
CAPE CORAL, FLA. — Two buildings totaling 80,929 square feet on 12.03 acres were purchased for $1.6 million. Chocholek, an individual investor, bought the buildings, located at the East Cape Commerce Center, 901-925 East Industrial Circle, Cape Coral, from Echo Properties III. The buyer was represented by Jerry Messonnier, Bob Johnston and Derek Bornhorst of Grubb & Ellis | 1st Commercial's Fort Myers office. Richard Clarke, also of Grubb & Ellis | 1st Commercial's Fort Myers office, represented the seller.
HENRICO COUNTRY, VA. — Virginia Primary Care purchased a 25,268-square-foot, Class A office building, located at 3831 Westerre Pkwy. in Henrico County, for $4.3 million from Lingerfelt Development. Sale negotiations were handled by Mark E. Douglas of Cushman & Wakefield | Thalhimer's Richmond, Va., office.
ORLANDO, FLA. — Atlanta-based Pollack Partners has purchased 4.36 acres of land located at the northwest corner of West Colonial Dr. and Orange Ave. in Orlando for $3.7 million, or approximately $850,000 an acre. The seller was CRM Florida Properties, a subsidiary of SunTrust Bank. Susan Morris and Kane Morris of Collilers International's Central Florida office represented the seller. The broker for Pollack Partners was undisclosed.