HOLLYWOOD, FLA. — CORFAC International has announced its elected officers for 2009. Newly-appointed President Jeff Graham of Jacksonville, Fla.-based King Industrial Realty of Florida will help usher in the alliance’s 20th year, and Owen Rouse, Jr., of Columbia, Md.-based Manekin will serve as vice president. Other appointments include Memphis, Tenn.-based Crump Commercial’s Charles Sevier as treasurer; Los Angeles-based The Klabin Company’s Douglas Marshall as secretary; and the at-large members Kevin Crowley of West Des Moines, Iowa-based Iowa Realty Commercial and Kevin Santaularia of Dallas-based Bradford. The executive committee also features Chatham, N.J.-based The Garibaldi Group’s James Garibaldi, who served as CORFAC’s president in 2008, and Ray Lyons of Thomas L. Johnson Realty in Canada. All appointments are for 1-year terms.
ORLANDO, FLA. — Orlando-based Avalon Park Group has entered the design phase for a 309-unit senior housing complex in Orlando’s Avalon Park neighborhood. The 250,000-square-foot property will feature 225 independent living units and 84 units designated for assisted living. Construction of the four-story building is slated to begin in early 2010. When complete, Avalon Park will encompass nearly 5,000 residences and 500,000 square feet of commercial development.
HUNTSVILLE, ALA. — HPC Properties has purchased a 99,197-square-foot office building triple-net leased to Science Applications International Corp. for $15.85 million. The property, which is located at 6725 Odessey Dr. in Huntsville, was built in 2007. Chad O’Connor of Irvine, Calif.-based Mark One Capital provided $8.9 million in financing for the purchase. Joshua Volen and Andrew Slade of Marcus & Millichap’s San Diego office and Edwin Greenhalgh of the firm’s Birmingham, Ala., office represented the buyer.
GREENSBORO, N.C. — Ohio-based E.O. Johnson has purchased the 124-unit Sedgefield Square Apartments from Greensboro-based Brown Investment Properties for $4.9 million. The property is located at 4215 Bernau Ave. in Greensboro. Hal Kern represented Brown Investment in house, and Nat Taylor of Winston Salem, N.C.-based Taylor & McChesney Commercial Properties represented E.O. Johnson.
BARNWELL COUNTY, S.C. — Greer, S.C.-based InSite Consulting has finalized a site selection assignment for Pittsburgh-based Horsehead Corp.’s $87 million facility in Barnwell County. The property will serve as a recycling point for electric arc furnace dust. The facility, which will be Horsehead’s seventh in the United States, will generate at least 65 new jobs. The property is expected to be fully operational by mid-year.
SANDY SPRINGS, GA. — With an eye toward opening a new corporate headquarters, JAS Forwarding Worldwide of Atlanta has purchased three office buildings on a 6.34-acre site from The Griffin Company. Located on Barfield Road in Sandy Springs, the three buildings will be completely renovated as part of a 90,000-square-foot office development. Griffin will serve as the general contractor for the project, which will break ground during the first quarter.
COLUMBIA AND NORTH BETHESDA, MD. — KeyBank Real Estate Capital has secured two loans worth $33.8 million for apartment complexes in Columbia and North Bethesda. UDR Maryland Properties received a $20 million loan for its 178-unit Tamar Meadow Apartments in Columbia. KeyBank also arranged a $13.8 million loan for Wisconsin Park Associates’ 549-unit Grand Apartments, a Class A complex in North Bethesda. Both loans were financed by Fannie Mae.
HUNT VALLEY, MD. — Pharmaceutics International has purchased a 72,200-square-foot warehouse from First Industrial Realty Trust for an undisclosed amount. The property, located at 10947 Golden West Rd. in Hunt Valley, features 25,000 square feet of office space. Richard F. Blue, Jr., and Paul F. Obrecht, III, of Timonium, Md.–based Blue & Obrecht Realty represented the seller. Gail Chrzan of CB Richard Ellis’ Baltimore office represented the buyer.
CHARLESTON, S.C. — Shoreline Partners II has sold a 50,000-square-foot warehouse to Charleston Regional Investments for $7.35 million. The warehouse is located at 2325 Charleston Regional Parkway in Charleston. Milton Thomas, III, of Charleston-based Anchor Commercial Real Estate Services represented the seller. The local firm Norvell Real Estate Group represented the buyer.
ATLANTA — Atlanta-based Post Properties has sold its 206-unit Post Lenox Park apartment complex to Steven D. Bell & Co. of Greensboro, N.C., for $22.7 million. The property, which was built in 1995, is located at 100 Lenox Park Circle in Atlanta. With the sale, Post is expected to report a gain of $12 million.