ASHEVILLE, N.C. — As part of Hotel Indigo’s North Carolina expansion, Hospitality and Lodging Investors II has opened the 100-room Hotel Indigo Asheville. The property is located at 151 Haywood St. The building is decorated with locally inspired artwork and materials from throughout the region. Guest rooms contain flat-screen TVs and spa-inspired showers.
Southeast
COCOA, FLA. — Fort Myers, Fla.-based J.L. Wallace will soon break ground on the 53,549-square-foot Water Field Operations Center Warehouse for the City of Cocoa Utilities Division. Located in Cocoa, the facility will be divided into 46,288 square feet of warehouse space and 7,261 square feet of second-floor office space.
WASHINGTON, D.C. — E&G Group has borrowed $10.92 million in financing against its 462-unit Meadow Green Apartments to pay off an existing FHA/HUD loan. The Washington property was redeveloped in 1998. Jason Miller of Vienna, Va.-based Johnson Capital arranged the 7-year loan. Financing was provided through Freddie Mac’s Capped ARM Program.
SUWANEE, GA. — Toledo, Ohio-based Sofo Foods has purchased a 114,412-square-foot warehouse from an undisclosed seller for $2.9 million. The property, which Sofo will occupy in March, is located on 13 acres at 3910 Lakefield Dr. in Suwanee. Atlanta-based Colliers Spectrum Cauble’s Chris Cummings, Elizabeth McSweeney and Bill Buist represented Sofo. The firm’s Mike Spears and Ryan Sawyer represented the seller.
HARFORD COUNTY, MD. — Marlton, N.J.-based L-3 Communications’ Command & Control Systems and Software, a defense firm, has signed a full-building lease with St. John Properties for a 75,000-square-foot office building. The space is located in Aberdeen Proving Ground’s Government and Technology Enterprise project at 6280 Guardian Gateway in Harford County. The building is now under construction and has been designed to achieve Silver LEED certification. Green features include a highly efficient HVAC system, low-flow fixtures and drought-tolerant landscaping. Delivery is expected in fall 2010.
ARLINGTON, VA. — Wells Fargo & Co. has provided a 5-year, $44 million loan to refinance the 212,443-square-foot Hartford Building, located at 3101 Wilson Blvd. in Arlington. The 5-year-old property stands on a 1.13-acre site. In addition to ground-floor retail space, the building also includes a rooftop terrace and a fitness center.
RALEIGH, N.C. — The 320-unit Summermill at Falls River apartment complex has received a $24.07 million refinance loan. The Class A property, which was built in 2002, is located at 10311 Falls Mill Dr. in Raleigh. Using HUD’s 223a7 program, the loan’s amortization was extended back to the loan’s 40-year term. Elizabeth Conahan of Walker & Dunlop originated the loan.
TAMPA, FLA. — DeBartolo Development has purchased Georgetown, formerly the Westshore Beach Club, from a private seller for $30.5 million. The property is 160 acres of waterfront land in Tampa. No plans have been announced for the land, but the city government and the Trust for Public Land would like to turn some of the space into a public park. Bill Eshenbaugh and Ryan Sampson of Tampa-based Eshenbaugh Land Co. represented the buyer.
MIAMI — Moss & Associates has completed construction of the 84,000-square-foot Leon Medical Centers – Flagler Project. The project was complete 8 months removed from the groundbreaking ceremony. The $22 million facility is located on 5 acres at 150 N.W. 79th Ave. in Miami. The property includes spaces for primary and specialty care, a pharmacy and dental, optical and diagnostic services. Coral Gables, Fla.-based MGE Architects designed the hospital.
NEPTUNE BEACH, FLA. — Orlando-based Cuhaci & Peterson Architects will soon start design work on a 62,350-square-foot Publix-anchored shopping center. The property, to be developed by Jacksonville, Fla.-based Regency Centers, will be located on Atlantic Boulevard in Neptune Beach. In addition to the Publix, the property will contain 15,000 square feet of shop space.