CORAL SPRINGS, FLA. — Uniondale, N.Y.-based Arbor Commercial Funding has secured a $38.45 million loan for The Grove at Turtle Run apartment complex. The 510-unit property is located at 3615 Turtle Run Blvd. in Coral Springs. The 10-year loan was financed under the Fannie Mae DUS MBS product line. The loan carries a 5.51 percent interest rate and a 30-year amortization schedule.
MIAMI — Parsons Brinckerhoff will undertake an $18 million improvement project for the Miami-Dade Seaport Department’s 50-acre Miami Seaboard Marine Cargo Terminal. The project is the second phase of a redevelopment plan and includes grading, paving, drainage and lighting work. Parsons Brinckerhoff will begin construction this fall. Completion of the phased project is slated for 2014.
GREENVILLE, S.C. — Donaldson South Distribution has leased 210,891 square feet of industrial space to an undisclosed tenant in Greenville. The property is located at 513 Old Griffin Rd. Laurens C. Nicholson of Greenville-based Bentley Commercial represented the landlord, and Colliers Keenan’s Givens Stewart represented the tenant.
LEXINGTON, KY. — The scented candle manufacturer Scentsy Wickless Candle has signed a lease for 80,000 square feet of industrial space in Lexington. The company will use the space, which is located at 2471 Palumbo Dr., to house 70 to 100 new employees and serve as a distribution center for the East Coast. Bruce Isaac of NAI Isaac Commercial Properties represented the tenant.
COLLEGE PARK, GA. — Greenline Foods, a trimmed green bean producer, has leased 64,030 square feet of warehouse space in College Park. The property, which spans 6 acres with additional room for expansion, is located at 4280 Stacks Rd. The warehouse also includes more than 28,000 square feet of freezer space. Art Murray of Atlanta-based Lavista Associates represented Greenline.
FLAGLER BEACH, FLA. — Maitland, Fla.-based Keene Construction Co., serving as general contractor, has completed the 64,031-square-foot Publix at Beach Village retail center in Flagler Beach. Located on State Road 100, the center features a 46,031-square-foot Publix Super Market and 18,000 square feet of additional retail space. Clearwater, Fla.-based Fisher & Associates designed the project, which was developed by Fort Myers, Fla.-based North American Properties.
BALTIMORE — Vanguard Equities has acquired 63,694 square feet at Golden Ring Center, which is located at 8823 Pulaski Highway in Baltimore. The Baltimore-based company plans to redevelop and lease the retail space, which was previously occupied by Circuit City. Matthew Cooper and Eddie Goldmeier of Grubb & Ellis represented the buyer; DJM Realty represented the seller, Circuit City, in the transaction.
ORLANDO, FLA. — Maitland, Fla.-based NAI Realvest has brokered three industrial lease agreements totaling more than 35,400 square feet in Orlando. In the first transaction, Ardmore, Pa.-based Hajoca Corp. renewed a 30,000-square-foot lease at 2499 Mercy Dr. Ray Romano of CB Richard Ellis represented the tenant; Michael Heidrich represented the landlord, Brandon, Fla.-based LB Sowell Corp., in the transaction. In the second transaction, Orlando-based D&G Occasions negotiated for a 3,420-square-foot lease expansion at 645 Herndon Ave. The tenant currently occupies 10,904 square feet of space. Heidrich represented the landlord, Winter Park, Fla.-based LBJ Properties, in the transaction. In the final transaction, Purpose-Filled Ministries International Fellowship has signed a 3-year lease for 2,000 square feet of space at 1460 N. Goldenrod Rd. within Goldenrod CommerCenter. Heidrich represented the landlord, Maitland-based COP-Goldenrod.
CHARLESTON AND NORTH CHARLESTON, S.C. — Colliers Keenan Retail Services Group recently brokered two lease transactions to bring Five Guys, a burger and fries casual dining restaurant chain, to the Charleston area. The restaurants will be occupy a 2,511-square-foot space at 364 King St. in downtown Charleston and a 2,810-square-foot space at 4959 Centre Point Dr. at the Centre Point retail center in North Charleston. Five Guys’ other Charleston area restaurants are located at Indigo Village in West Ashley and Town Centre Place in Mount Pleasant. John Peyre Scurry, Jr., and Erin England of Colliers Keenan brokered the transactions.
ATLANTA — A joint venture between Alex. Brown Realty and affiliates of Healey Weatherholz Properties has purchased the 126,000-square-foot Shops Around Lenox retail center from an undisclosed seller. The single-story property, which was built in 1979, is located on Around Lenox Road in Atlanta. State Farm Life Insurance Co. provided debt financing for the acquisition; HW Lenox, an affiliate of Healey Weatherholz, provided $4.2 million, and ABR Chesapeake Fund III contributed $6.3 million. The buyers are planning a renovation starting this winter, which will be complete by next spring. Upgrades include new exterior finishes, adding public art and bringing in new retailers. Current tenants will remain open during construction.