RICHMOND, VA. — AmCap Richmond has borrowed a $20.5 million acquisition loan for the 85,720-square-foot Short Pump Station shopping center. Aviva Investors funded the 10-year loan. Kevin Phelan and Jeffrey Black of Colliers Meredith & Grew arranged the financing.
Southeast
BALTIMORE COUNTY, MD. — Grand Lodge of Maryland Independent Order of Oddfellows has purchased a 25,500-square-foot retail building from St. John Properties for $1 million. The property, which is located in the 160,000-square-foot North Point shopping center in Baltimore County, has formerly housed a roller rink, a bingo hall and a flea market. The tenant will occupy the building during the first quarter of next year after a renovation.
BRASELTON, GA. — Sealy & Co. has purchased the 439,338-square-foot Braselton 85 Distribution Center from a private party for an undisclosed amount. The LEED Silver property is located on Highway 124 in Braselton. Tom Senkbeil, Bob Cutlip and Klay W. Simpson served as in-house representation for Sealy.
SAVANNAH, GA. — Choate Construction Co. will begin work this month on a 106,456-square-foot property to serve as a replacement for Mattie Lively Elementary School. The Savannah property will include 53 classrooms, a kitchen and cafeteria, a media center, and art and science labs. Martin Rule & Associates designed the project.
ORLANDO, FLA. — SchenkelShultz Architecture will design an 80,000-square-foot classroom and laboratory building on Valencia Community College's new 23-acre satellite campus in Orlando. The $16 million project will be constructed to LEED Silver standards. The property will include a café, a bookstore, a library, offices and science labs.
MIAMI — An affiliate of Phillips Edison and Co. has sold the 99,864-square-foot West Bird Plaza shopping center to an affiliate of Equity One for an undisclosed amount. The property, which is located at the intersection of Bird Road and Southwest 117th Avenue, is anchored by Publix and CVS/pharmacy. West Bird Plaza is 94 percent leased. Anthony Blanco, Jim Michalak and Lenard Williams of Plaza Advisors represented the seller.
RICHMOND, VA. — Ty Underwood and Fain Hicks of NAI Brannen Goddard have represented both parties in the sale of Short Pump Station, a 91,369-square-foot shopping center. The property was listed at $32.5 million. Located at 11301 W. Broad St. in Richmond, the center houses Trader Joes, Ulta, PetCo, Verizon Wireless and Jimmy Johns. Short Pump Station was completed in 2008.
CORAL SPRINGS, FLA. — Lara Design Row has sold the 90,476-square-foot Design Row Shopping Center to Design Row LLC for $7.25 million. The property is located at 7365-7679 Sample Road in Coral Springs. CB Richard Ellis' Dave Donnellan, Bill Strauss, and Todd Weintraub brokered the sale.
MOBILE, ALA. — ASH II has sold the 170-room Radisson Admiral Semmes hotel to a private party for $3.5 million. The sale included the hotel, which is located at 251 Government St. in Mobile, and a vacant lot. The buyer plans to undertake a renovation to the property. Huff, Niehaus & Associates' Brandt Niehaus represented the seller.
BONITA SPRINGS, FLA. — Coconut Living has purchased 13.6 acres of land from Servco for $2.5 million. The Bonita Springs space, which is know as the Murano at Coconut Point , is zoned for multifamily buildings. CB Richard Ellis' Jonathan Richards represented the seller in the transaction. Heights Realty & Investments' Stephen Hagenbuckle represented the buyer.