LEXINGTON, S.C. — An undisclosed party has borrowed $14.5 million for the 204-unit Overlook at Golden Hills Apartments in Lexington. The Fannie Mae DUS loan carries a 5.82 percent interest rate during its 10-year term. A 30-year amortization schedule is also included in the loan. Ronen Abergel of Arbor Commercial Funding arranged the financing.
ST. PETERSBURG, FLA. — Upper Saddle River, N.J.-based Hunter Douglas Fabrication Co. has sold a 131,800-square-foot warehouse to Oettinger Davidoff Group for $7.15 million. The buyer will use the property, which is located on 5.5 acres at 3001 Gateway Center Parkway in St. Petersburg, as its new U.S. headquarters. Paula Clair Smith of St. Petersburg-based Osprey Real Estate Services represented the seller.
GLEN ALLEN, VA. — Hasmukh Patel has opened the 62-room Best Western Glen Allen Inn at 8507 Brook Road in Glen Allen. The property features 18 suites, and amenities include an outdoor pool, a business center and a fitness center. Each unit comes equipped with a microwave, a refrigerator and two phones.
MORRISVILLE, N.C. — Jeff Frankel and Charlie Robinson of NorthMarq Capital have arranged a $19.17 million mortgage for the Legends at Preston apartment complex. The Morrisville property houses 382 units. AmeriSphere Multifamily Finance funded the 5-year loan. The loan carries a 2-year interest-only period and a 30-year amortization.
JACKSONVILLE, FLA. — Eola Capital has sold the 60,176-square-foot Southpoint Building to David Gonzales Co. for $1.8 million. The six-story office property is located at 6620 S. Southpoint Drive in Jacksonville. Karl Johnston of Cushman & Wakefield's Jacksonville office represented the seller.
HOLLYWOOD, FLA. — Ryan Nee of Marcus & Millichap's Fort Lauderdale, Fla., office has brokered the $1.81 million sale of a 12-warehouse portfolio between two private parties. The buildings, located on seven parcels just north of Pembroke Road in Hollywood, total 44,400 square feet. The properties are currently 90 percent occupied.
KENNESAW, GA. — Seven tenants have leased more than 150,000 square feet of office space at TownPark Commons, a Class A property located off Chastain Road in Kennesaw. The leases, which were secured by Daniel Corp., represent 45 percent of the space within the four-story building. ENERCON Services, represented by Transwestern's Greg Baxendale, has signed a 77,000-square-foot lease extension and expansion. INVISTA, represented by Jim Simpson of Grubb & Ellis, renewed a 50,000-square-foot lease. AVS Underwriting leased 15,000 square feet; Andy Lechter and Josh Gnatt of Studley represented the tenant. Finally, Real Estate Mortgage Network, represented by Kirk Anders and Travis Garland, leased 10,000 square feet, and Citadel Professional Services leased 2,200 square feet.
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.