Southeast

GAINESVILLE, FLA. — CB Richard Ellis Capital Markets Group has arranged $27.5 million in permanent financing on behalf of Glenmont Arlington Biltmore LLC for the take-out of the existing construction loan for Canopy Apartments. The complex is a newly constructed 240-unit luxury student housing community near the University of Florida campus in Gainesville. Canopy is currently 97 percent leased. The loan, arranged by CBRE's Glenn Housman, carries a 10-year term.

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GREENSBORO, N.C. — BPR Properties has purchased the 81-room Ashford Suites Hotel from Jorgenson Cos. for an undisclosed amount. The property is located at the entrance to the Piedmont Centre Office and Industrial Park in Greensboro. Features include 2,400 square feet of meeting space, a fitness center and an indoor pool. Jones Lang LaSalle Hotels brokered the sale.

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WASHINGTON, D.C. — Tishman-AECOM will build the $16 million first phase of the U.S. Department of Homeland Security's new headquarters. The development will be located in Washington on the site of the former St. Elizabeths hospital campus. The first phase also includes a U.S. Coast Guard headquarters building, a parking structure and an 80-megawatt co-generation plant. The entire project, which will cost between $3 billion to $4 billion, will be complete by 2016.

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MEMPHIS, TENN. — Cronheim Mortgage has secured a $10 million acquisition loan for the purchase of a 487,670-square-foot FedEx Supply Chain Services warehouse in Memphis. The property, which was built in 1994, is located at the intersection of U.S. Highway 78 and Tuggle Road. The 5-year loan carries a 6.25 percent interest rate and a 20-year amortization schedule. Cronheim's Andrew Stewart, Dev Morris and Patrick Haggerty arranged the loan.

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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.

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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.

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