TAMPA, FLA. — Marcus & Millichap has brokered the sale of the 30-unit Oakmont Apartments between two private parties for $1.8 million. Located at 3215 W. Swann Ave., the property is 50 percent occupied. Francesco Carriera and Nicholas Meoli of Marcus & Millichap's Tampa office represented both parties in the transaction.
Southeast
WASHINGTON, D.C. — Bethesda, Md.-based The Goldstar Group has purchased the mortgage for The Floridian, a 118-unit apartment complex, from Bank of America and Sovereign Bank. Goldstar purchased the property in an all-cash transaction for an undisclosed price. Only 32 units in the property had been sold, and the buyer has foreclosed on the rest. The eight-story condominium property is located at 919 and 929 Florida Ave. NW in Washington. UrbanLand Co. will start marketing the property once Goldstar upgrades the units.
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.
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.
ORLANDO, FLA. — Coca-Cola Enterprises has signed a 70,362-square-foot warehouse lease with DCT Industrial. The property is located at 8420 Boggy Creek Road in Orlando. Morrison Commercial Real Estate's Lisa Bailey represented Coca-Cola in the transaction. Moses Salcido of Southern Commercial Real Estate Advisors represented the landlord.
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.
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.
MEMPHIS, TENN. — Peabody Place Hotel Co. has sold the 144-room Hampton Inn & Suites Memphis Beale Street to Fairwood Capital for an undisclosed amount. The 10-year-old property, which was renovated in 2007, is located at 175 Peabody Place in Memphis. The Memphis office of Wyatt, Tarrant & Combs represented Fairwood in the transaction.
SAVANNAH, GA. — American Hotel Development Partners has opened the 88-room Holiday Inn Express Inn & Suites Savannah in midtown Savannah. The property will be managed by Harris Hotel Group. The hotel, part of a worldwide brand relaunch by InterContinental Hotels Group, has replaced an old two-story Holiday Inn.
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.