WASHINGTON, D.C. — Benning Garden LP has sold the 45-unit Benning Gardens Apartments to an undisclosed party for $2.3 million. The property is located at 4951 G. St. SE in Washington. Ari Firoozabadi of Marcus & Millichap represented the seller in the transaction.
TAMPA, FLA. — Franklin Property & Development Group has purchased a 57,886-square-foot office from Verizon in a $2.6 million sale-leaseback. Located at 10402 N. 56th St. in Tampa, the property will be occupied by Verizon for the next 15 months. Mike Davis, Rick Brugge, Andy May, Barry Oaks and Bill Reeves of Cushman & Wakefield represented Verizon in the transaction. The firm’s Rian Smith represented Franklin Property.
POMPANO BEACH, FLA. — Beltmann Group has signed a 113,718-square-foot lease renewal with Sample at Park Central for space in the Sample 95 Business Park. The property is located at 3039 N. Andrews Ave. Extension in Pompano Beach. Kathleen Alberts of Brenner Real Estate Group represented the tenant. Peter Sheridan of Premier Commercial Realty represented the landlord.
WASHINGTON, D.C. — Washington-based Donohoe Construction Co. has completed two hotels in the Washington area. The firm finished construction on the 176-unit Residence Inn Arlington Courthouse, an extended-stay property in Arlington, Va. The 10-story hotel features meeting rooms, an indoor pool and 9,000 square feet of ground-level retail space. Donohoe also finished the 216-unit Hilton Garden Inn, located on Waverly Street in Bethesda, Md. The property, owned by Bethesda Hotel Associates, includes a fitness center, a restaurant and meeting facilities.
KENNESAW, GA. — Holder Construction has completed the 192-unit Embassy Suites Atlanta – Kennesaw Town Center at 620 Chastain Rd. in Kennesaw. The property is the brand’s first Design Option III prototype built in Georgia and features 7,000 square feet of meeting space, a Ruth’s Chris Steakhouse and a fitness center. Richard Rauh & Associates of Atlanta designed the hotel, and Atlanta-based GS Hospitality will manage the property.
MARION, ARK. — Financial Federal has secured a $13.98 million loan for Angelo’s Grove Apartments. The 256-unit property is located at 1120 L. H. Polk Rd. in Marion. An agency lender financed the transaction.
ATLANTA — Vince Hughes of Q10|iCap’s Atlanta office has arranged a $4.47 million loan for a retail refinance project. The 33,550-square-foot property is located in the Virginia-Highland neighborhood in Atlanta. The 9-year loan carries a 6.25 percent interest rate and a 25-year amortization schedule. A life insurance company provided funding for the loan.
BETHESDA, MD. — A joint venture of LCOR and USAA Real Estate Co. is planning to build a 362,000-square-foot office building for the U.S. Nuclear Regulatory Commission in March. The 14-story property, which will be located in the North Bethesda Center in Bethesda, is expected to deliver by July 2012. The NRC has signed a 15-year lease on the building and will staff the center with 1,300 employees. The architecture firm HOK designed the space to LEED Silver standards. Tim Hutchens of CB Richard Ellis’ Government Services Group and Phil McCarthy and Keith Foery of Transwestern represented the developers in the agreement. Studley represented the General Services Administration on behalf of the NRC.
LAKE MARY, FLA. — A joint venture between CB Richard Ellis Realty Trust and Duke Realty Corp. has purchased the 108,449-square-foot Northpoint III office building for an undisclosed amount. The property, which was constructed by Duke in 2001, is located at 3300 Exchange Place in the Northpoint Office Park in Lake Mary. The property is fully leased to Florida Power, who has a lease for the building until 2021.
WINDERMERE, FLA. — Orlando, Fla.-based Clancy & Theys Construction Co. has completed the $14.5 million Keene’s Crossing Elementary School for Orange County Public Schools. The property, which spans 101,639 square feet, is located at 5240 Keene’s Pheasant Dr. in Windermere. The property can accommodate 830 students and includes an administrative suite, two computer labs, a media center, a multipurpose room, a closed-circuit television studio and a music room. Orlando-based SchenkelShultz Architecture designed the space.