AVE MARIA, FLA. — Fort Myers, Fla.-based J.L. Wallace is planning a groundbreaking for the 38,107-square-foot Tom Golisano Field House on the campus of Ave Maria University in Ave Maria. The property will include an NCAA-regulation basketball court, training and weight rooms, dressing rooms, offices, and a conference room. Jason P. Tramonte Architect designed the project.
SEBRING, FLA. — Fort Myers, Fla.-based Stevens Construction has broken ground on the 33,636-square-foot Bud and Donna Somers Hospice House and Resource Center at 1110 Hammock Road in Sebring. The 16-bed facility is being built for Good Shepherd Hospice. Features include a children's recreation area, a kitchen, a chapel and a library. Delivery is expected early next year.
ORLANDO AND LONGWOOD, FLA. — Michael Heidrich of NAI Realvest has brokered the sale of two industrial properties worth $1.78 million. Miami-based Conquistador Realty Holdings sold a 32,000-square-foot property, located at 3941 Bryn Mawr St. in Orlando, to Overland Holding Corp. of Altamonte Springs, Fla., for $1.3 million. Joe Ardolino of RealPro Group represented the buyer. In the second transaction, Ferguson Enterprises of Newport News, Va., sold a 5,250-square-foot building at 370 North St. in Longwood to Structural Contractors South for $480,000. Lee Unargo of Charles Rutenberg Realty represented the buyer.
ORLANDO, FLA. — McKesson Medical-Surgical has renewed its lease with Orlando Warehouse Portfolio for the 216,478-square-foot warehouse at 401 Gills Drive in Orlando. The deal will keep McKesson in the property for the next 36 months. Erik Schwetje of CB Richard Ellis' Orlando office represented the landlord. The firm's Ray Romano represented the tenant.
ATLANTA — KeyBank Real Estate Capital has secured an $18.8 million loan for the 201-unit Campus Crossings at Briarcilff property in Atlanta. The student housing development serves students at nearby Emory University. Fannie Mae funded the loan, which is an advance from a $200 million credit facility KeyBank closed in January 2008.
HUNTSVILLE, ALA. — Sam Berns of NorthMarq Capital's Rochester, N.Y., office has arranged a $16.47 million loan for a Huntsville apartment complex. AmeriSphere Mortgage Finance funded the loan for the 204-unit Main Street Apartments. The 35-year loan carries a 4.95 percent interest rate and a 35-year amortization.
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.
