NASHVILLE, TENN. — Miami-based Parmenter Realty Partners has acquired the 480,224-square-foot Class A office building Nashville City Center, located at 511 Union St. in Nashville, from Nashville City Center Partnership for an undisclosed amount. The purchase of the fully-leased building was part of the $550 million Parmenter Realty Fund III and includes contiguous land for a 570-car parking garage. Eastdil Secured’s Atlanta office represented the seller in the transaction.
MOORESVILLE, N.C. — Construction on the second phase of Charlotte, N.C.-based Faison Enterprises’ 312-unit Waterlynn Ridge apartment complex, located on I-77 at Exit 33 in Mooresville, will be complete by the end of this year. The property comprises one, two and three bedroom units, and amenities include a fitness center, a community pool and a NASCAR-inspired media room. Superior Construction’s Charlotte office completed the first buildings in April. Waterlynn Ridge is one of the first developments in Waterlynn Place, a mixed-use project that will include townhomes, offices and single-family residences.
HATTIESBURG, MISS. — Chad Thomas Haywood of Capmark Finance’s Birmingham, Ala., office has originated $12.3 million in permanent, fixed-rate debt financing for the 164-unit Belmont of Hattiesburg Apartments, located at 147 98 Place Blvd. in Hattiesburg. An affiliate of Mississippi-based Dawn Properties borrowed the 7-year loan, which comes with a 30-year amortization and a fixed rate of 5.8 percent. The loan was financed through Capmark’s Freddie Mac multifamily program.
SUNRISE, FLA. — Les Byron of Sperry Van Ness’ Fort Lauderdale, Fla., office represented MCL Communications in the sale of its 23,000-square-foot office property, located at 13951 N.W. 8th St. in Sunrise, to Sunrise-based Sawgrass Holdings for $3.21 million. Stuart Kaminsky of Deerfield Beach, Fla.-based US Realty, Inc., represented the buyer.
HIALEAH, FLA. — Demosthenes Mekras of Marcus & Millichap’s Miami office has represented both partiers in Hialeah Lakes Plaza’s sale of its 15,699-square-foot shopping center, located at 1665 W. 68th St. in Hialeah, to Miami Capital Management for $2.56 million. The center’s tenants include Discount Dollar Store, Koning Restaurant and Real Estate Academy.
CORAL GABLES, FLA. — J.P. Morgan Investment Management has sold the 224,049-square-foot 355 Alhambra Circle to Boston-based AEW Capital Management for an undisclosed amount. Located in Coral Gables, the office building is 95 percent occupied by tenants including Kraft Foods Latin America, Merrill Lynch, Washington Mutual Bank and Wells Fargo Bank. Jay Caplin, Mark Gilbert, Adam Feinstein and Eric Williams of Cushman & Wakefield’s Capital Markets Group represented the seller.
TAMPA, FLA. — Dallas-based Cobalt Industrial REIT II and Tampa-based CLW Industrial Group will break ground early this month on the $15 million, 175,000-square-foot New Tampa Commerce Center, a business park located at the intersection of Fowler Avenue and U.S. Highway 301 in Tampa. The park will focus on accommodating tenants that require spaces smaller than 40,000 square feet. The 13.7-acre project will deliver at the end of the first quarter of 2009.
TAMPA, FLA. — Tampa-based McKibbon Hotel Management has opened the 171-room Hilton Garden Inn Tampa Airport/Westshore, located in the 19-acre, mixed-use Avion Park Westshore at the intersection of Spruce and O’Brien streets in Tampa. Hotel amenities include an outdoor heated pool and a fitness center. Hilton Garden is McKibbon’s second development at the park, following June’s opening of TownePlace Suites by Marriott Tampa Westshore. The company’s third project, Homewood Suites by Hilton, will open in December.
STARKVILLE, MISS. — CSS Starkville LLC has sold a three-story, 76-room Comfort Suites, located at 801 Russell St. in Starkville, to Starkville Hotel Group II LLC for $6.35 million. Hotel amenities include a fitness center and an outdoor pool. Hodges Ward Elliott’s Focused Service Division represented the seller.
ORLANDO, FLA. — Habitat For Humanity Orlando has begun raising money for its $6 million, 58-unit townhome development Staghorn Villas, which is located at the intersection of Staghorn Drive and Silver Star Road in Orlando. The property, which will be partially funded by the Orlando-based companies CHEP USA and HD Supply, will encompass 10 buildings, each housing four to six units. The 3.9-acre development will deliver in the spring of 2011.