HOWARD COUNTY, MD. — Timonium, Md.-based Bavar Properties Group and Murn Development will break ground on the 164-unit Enclave at Emerson luxury multifamily complex early next year in General Growth Properties’ Emerson community. The master-planned project is located at the interchange of Route 216 and Interstate 95 in Howard County. The Enclave will encompass 129 apartments, 35 townhomes and a 5,000-square-foot clubhouse. The developers are currently in the design phase and expect to select a contractor this fall.
BIRMINGHAM, ALA. — Dallas-based BMC Capital has secured a $7 million loan to refinance the 160-unit Hickory Knoll Apartments. The property is located at 200 Hickory Knoll Blvd. in Birmingham. The 10-year loan features a 30-year amortization and a 65 percent loan-to-value rate.
CLEARWATER, FLA. — Automobile Boulevard LLC has leased a 40,000-square-foot warehouse to a private investor for use as an indoor amateur car racing venue. The property is located at 12350 Automobile Blvd. in Clearwater. John Jenkins and Brooke Pillinger of CB Richard Ellis’ Tampa, Fla., office represented the landlord, and Jon Slater of Studley’s Tampa office represented the tenant.
RALEIGH, N.C. — The North Carolina Court of Appeals has signed a lease extension with an undisclosed landlord for 34,449 square feet. The office is located at 227 Fayetteville St. in Raleigh. Jake Jones of Grubb & Ellis|Thomas Linderman Graham’s Raleigh office represented the landlord.
MIAMI BEACH, FLA. — SIKON Construction Corp. of Deerfield Beach, Fla., will build a 28,000-square-foot Fresh Market store at 1800 West Ave. in Miami Beach. A two-level parking lot is planned to sit atop the store, which was designed by the architecture firm api(+). Completion is slated for January.
ALPHARETTA, GA. — Coyote Logistics has signed a lease with The Alter Group for the 36,556-square-foot Brookside/800 in the Brookside Concourse office park. The 550,000-square-foot business center is located on Old Milton Parkway in Alpharetta. The property include day care facilities, restaurants, health clubs and a Georgia State University campus. Todd Yates and Gregg Metcalf served as in-house representation for the landlord.
LONGWOOD, FLA. — NTS Development Co. has borrowed two loans totaling nearly $25 million for apartment complexes in Longwood. The firm took out a $14.63 million loan for its 195-unit Golf Brook Apartments, located at 385 Golf Brook Circle. The 162-unit Sabal Park Apartments received a $9.6 million loan. Golf Brook is currently 92.3 percent leased, and Sabal Park is 90.7 percent leased. Both complexes include fitness centers and swimming pools. Matthew Schoenfeldt of Holliday Fenoglio Fowler’s Chicago office and Elliott Throne of the firm’s Coral Gables, Fla., office secured the loan.
TAMPA, FLA. — Robert Hernandez of NorthMarq Capital’s Tampa office has arranged a $21 million construction loan for Sutton Properties. The loan is being used to expand Sutton’s original 141,376-square-foot building to a total of 281,458 square feet for manufacturing and office space. The property is fully occupied by DRS Optronics Financing was based an 18-month interest-only term followed by a 42-month extension amortized on a 15-year schedule.
ARLINGTON, VA. — The board of Arlington County has signed a 144,740-square-foot lease with Foulger-Pratt Development for space in Sequoia Plaza One. The county leased 97 percent of the building, which is located at 2100 Washington Blvd. in Arlington. Included in the 10-year lease is an option to expand into the entire three-building Sequoia Plaza office park. Foulger-Pratt has also added base-building upgrades in order to qualify the space for LEED EB certification. Mark Roberts of Washington, D.C.-based Studley represented the tenant, and Cushman & Wakefield represented Fougler-Pratt.
COLUMBUS, GA. — West Point, Ga.-based Batson-Cook Co. has completed the 170,000-square-foot National Infantry Museum in Columbus for the National Infantry Foundation. The $91 million development follows the evolution of the infantryman from the Revolutionary War to modern conflicts. More than 500 employees worked on the project.