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.
Southeast
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.
TAMPA, FLA. — Conyers, Ga.-based Rockdale Pipeline has sold three industrial buildings totaling 12,731 square feet to Hayes Pipe Supply of Nashville, Tenn., for $1.21 million. The 6.3-acre property is located at 9416 E. Martin Luther King Jr. Blvd. in Tampa. Josh Tarkow of Grubb & Ellis|Commercial Florida represented the buyer.
ATLANTA — Atlanta-based Jamestown has formed the Southeast Retail Joint Venture with Weingarten Realty Investors to invest in six grocery-anchored projects worth a total of $160 million. The developments are located in infill areas throughout the Southeast. Four of the deals, worth a total of $114 million, have already closed, and the two remaining projects will close when loans are secured. Jamestown’s net equity investment for 80 percent ownership of the developments is $53 million.
ORLANDO, FLA. — Wachovia Bank has renewed its 77,600-square-foot lease with Orlando-based Eola Capital for an additional 5 years. The company’s space is located in the One Orlando Centre office building at 800 N. Magnolia Ave. in Orlando. The 21-year-old property is 89 percent occupied. Both parties had in-house representation.
ORLANDO, FLA. — Rehrig Pacific Holdings has signed a 50,400-square-foot lease renewal with Boston-based AMB Property in Orlando. The industrial property is located at 7452 Presidents Dr. Robert Blackwell, Sean DuPree and Jim Murr of Maitland, Fla.-based NAI Realvest represented the tenant. Erik Schwetje of CB Richard Ellis’ Orlando office represented AMB Property.
LAUDERHILL, FLA. — 440 University LP has borrowed $3.4 million in financing from a regional bank for its 120,390-square-foot Promenade at Inverrary. The un-anchored strip center, which is 78 percent leased, is located at 4400 University Dr. in Lauderhill. The 3-year loan carries a 6.95 percent interest rate and a 25-year amortization schedule. Joseph Hepp of Delray Beach, Fla.-based Dockerty Romer & Co. secured the loan.