OXFORD, MISS. — The Place/BV Student Housing Fund, managed by BVP Managers, is developing the 366-bed Lafayette Place student housing complex. The project is part of a two-property development worth $48 million. Located near the University of Mississippi campus in Oxford, the property features furnished apartments with washers and dryers. Complex amenities include a clubhouse, a computer lab, a fitness center and a pool. Lafayette Place is slated for a summer 2009 opening.
BOYNTON BEACH, FLA. — Orlando, Fla.’s Keene Construction Co. is putting the finishing touches on the 121,787-square-foot Shoppes at Woolbright shopping center. Located at the intersection of Jog and Woolbright roads in Boynton Beach, the center is anchored by a 46,031-square-foot Publix. The property was developed by Boca Raton, Fla.-based Woolbright Development, and Boca Raton-based Marc Wiener Associates provided design services.
NASHVILLE, TENN. — 3258 Ezell Partners has sold 150,000 square feet of industrial space to FR/CAL Ezell Pike for $3.8 million. The space is located at 3258 Ezell Pike in Nashville. Colliers Turley Martin Tucker — Nashville’s David McGahren, Doug Howard and John Ward represented the seller.
MEMPHIS, TENN. — The Sports Authority has signed a 41,587-square-foot lease for space at the 335,000-square-foot Ridgeway Trace Center. The shopping center is located at the interchange of Popular Avenue and Interstate 240 in Memphis. The Sports Authority will serve as co-anchor along with a 30,000-square-foot Best Buy; Target is the lead tenant. The Sports Authority is slated to deliver in spring 2010.
LA GRANGE, GA. — M&I Bank has provided a $17 million loan for the construction of Woodland Trail, a 236-unit apartment complex in La Grange. The site is being developed by the Woodland Trail Associates Joint Venture; the Kalikow Group, a member of the joint venture, has already invested $3.03 million in the project. Woodland Trail will serve as housing for workers at the planned $1.2 billion Kia Motors plant, which will open in late 2009.
CALIFORNIA, MD. — Bryn Mawr, Pa.-based WP Realty has sold the 264,199-square-foot San Souci Plaza to Port Washington, N.Y.-based Cedar Shopping Centers for an undisclosed amount. The 22-year-old property is located at the intersection of Route 235 and MacArthur Boulevard in California and has been renovated twice. San Souci is anchored by a 61,466-square-foot Shoppers Food Warehouse and a 27,000-square-foot Marshalls. The center is 96 percent occupied by tenants including Jo-Ann Fabrics & Crafts, Maximum Health and Fitness, Dollar Tree and Fashion Bug.
ST. JOHNS COUNTY, FLA. — Fort Lauderdale, Fla.-based Stiles Corp. and Hallmark Partners have completed the development of the 77,580-square-foot Shoppes at Murabella, located at the intersection of State Route 16 and Pacetti Road in St. Johns County. The center, which sits adjacent to the Murabella master-planned community, is anchored by a 54,340-square-foot Publix, the brand’s 1,000th location. CVS/pharmacy has purchased an outparcel at the site, and officials are targeting restaurants, healthcare providers and service-oriented retailers for the rest of the property’s space.
JACKSONVILLE, N.C. — Indianapolis-based Riser Retail Group has represented a private seller in the sale of the 68,386-square-foot Western Plaza to an undisclosed investor for $8.58 million. The center, which is located at the intersection of Western Boulevard and Highway 17 in Jacksonville, is anchored by Wal-Mart Supercenter. The fully occupied property also houses OfficeMax, Dollar Tree, GameStop, RadioShack and Sally Beauty.
WASHINGTON, D.C. — Cadbridge Investors has borrowed an undisclosed amount of money from a German bank to refinance its 415-room Fairmont hotel. The 24-year-old property, which was designed by architect Vlastimil Koubeck, is located in Washington’s Dupont Circle. Property amenities include 29,000 square feet of meeting space, restaurants, a fitness facility and an indoor pool. The loan was arranged by New York City-based Cushman & Wakefield Sonnenblick Goldman’s U.S. Hotel Group.
BLUFFTON, S.C. — Atlanta-based The Sembler Co. is gearing up for a fall groundbreaking of its 1.7 million-square-foot Okatie Crossings shopping center. The property will be located at the interchange of Highways 170 and 278 in Bluffton. A variety of restaurants and retailers will form the development’s tenant base.