LANTANA, FLA. — Miami-based Integra Investments has purchased Lantana Village Square, a 165,000-square-foot shopping center located at 1001 S. Dixie Highway in Lantana, a town in South Florida’s Palm Beach County. The buyer plans to raze the center’s vacant K-Mart department store and develop workforce housing that is affordable for Lantana renters. The overall development is situated on a 19-acre site within one mile of South Palm Beach. Lantana Village Square’s existing retailers such as Winn-Dixie, Subway and H&R Block will remain, which will create a mixed-use community once the workforce housing component is complete. Integra is utilizing the State of Florida’s Live Local Act to help fund the development. Integra acquired Lantana Village Square from Saglo Development for $14.9 million. Bradesco Bank provided acquisition financing.
WASHINGTON, D.C. — Altus Realty plans to convert an 11-story office building located at 1010 Vermont Ave. NW into Mint House Downtown Washington, D.C. Set to open in early 2025, the property will encompass 85 apartment-style flexible rental units that Mint House will operate. The spaces will be designed for guests who need accommodations ranging from two days to two months. The rooms will range from studios to two-bedroom units that will include a kitchen with a stove and dishwasher, as well as washers/dryers and work spaces. Amenities will include an onsite fitness facility, meeting space and a café. Altus Realty plans to begin repositioning the former office building this fall. The property is situated near a Metro station, McPherson Square Park, The White House and DuPont Circle. This will be the first location in downtown D.C. for Mint House, which operates 25 flexible rental destinations in 16 states. Mint House recently opened locations in Dallas; Birmingham, Ala., and St. Petersburg, Fla.
NORTH CHARLESTON, S.C. — Redline Property Partners has completed renovations at Port 26, an 85,000-square-foot creative office/flex building located at 2155 Eagle Drive in North Charleston. The firm purchased the former industrial facility in December 2021. Building renovations included transforming the building’s exterior, common areas and restrooms; redesigning entrances and lobbies; and creating tenant lounges, outdoor patios and a dog park. Redline also fully upgraded most of the building’s systems. Situated along I-26, Port 26 will soon be home to its first tenant, RXO, a transportation and logistics provider. Nick Tanana and Brady Dashiell of Cushman & Wakefield provide leasing services for Port 26 on behalf of Redline.
GREENVILLE AND TAYLORS, S.C. — Matthews Real Estate Investment Services has brokered the sale of a portfolio of Heroes Car Wash locations in Upstate South Carolina’s Greenville County. The properties are located at 1405 Woodruff Road and 3107 N. Pleasantburg Drive in Greenville and 6050 Wade Hampton Blvd. and 2900 Wade Hampton Blvd. in Taylors. The sale includes both the car wash facilities and the underlying real estate. Jagr Larson, Tyler Spain, Ethan Miller and Simon Assaf of Matthews represented the seller, a North Carolina-based investor that is looking to exit the Greenville market. The buyer, PassiveInvesting.com, acquired the portfolio with plans to continue its expansion in the express car wash business. The sales price was not disclosed, but Matthews disclosed it was 99 percent of the list price.
CHARLOTTE, N.C. — Trinity Partners has arranged the sale of a 58,064-square-foot office building located at 6201 Fairview Road in Charlotte’s SouthPark office submarket. An affiliate of Charlotte-based Big V Property Group purchased the office building from an affiliate of The Daniels Co., an investment firm based in Bluefield, W.Va. Roger Cobb of Selwyn Property Group represented the buyer in the transaction. Dunn Mileham, David Morris and Eric Jennings of Trinity Partners represented the seller. The sales price was not disclosed. The office building was 59 percent leased at the time to sale, and Big V plans to relocate its Charlotte office to the fourth floor.
FORT LAUDERDALE, FLA. — Walker & Dunlop has arranged a $150 million loan for the refinancing of Quantum at Flagler Village, a newly built mixed-use development in Fort Lauderdale. The property houses two 15-story towers comprising 337 apartments, 20,884 square feet of retail space, a five-story parking garage and a nine-story Courtyard by Marriott hotel that features 137 rooms and a rooftop pool and bar. Joe Hercenberg led the Walker & Dunlop Capital Markets team that arranged a fixed-rate, five-year loan on behalf of the borrower, Prime Group US-PMG Asset Services. The loan refinances a construction loan that Walker & Dunlop closed four years ago.
WASHINGTON, D.C. — PRP has acquired Spring Valley Village, a 95,000-square-foot shopping center in Washington, D.C.’s Spring Valley neighborhood. The undisclosed seller sold the property for $47.5 million. Originally constructed in 1939 and renovated in 2017, the center comprises six buildings that were 98 percent leased at the time of sale to tenants including Crate & Barrel, Millie’s Restaurant, Capital One Bank, Starbucks, Small Door Veterinary, Compass Coffee and Blue Lane. Spring Valley Village is listed on the National Register of Historic Places.
ATLANTA — Northland has partnered with Ascent Property Management to purchase Glenwood at Grant Park, a 216-unit apartment community located in Atlanta’s Grant Park neighborhood. The seller and sales price were not disclosed. Built in 2016, the midrise property features a mix of studio, one- and two-bedroom apartments. Amenities include a 24-hour business center, fitness center, bocce ball court, coffee bar, resort-style pool and courtyard, pet washing station, a resident lounge and game room, package lockers, EV charging stations and access to the Atlanta BeltLine. This is Northland’s ninth acquisition in Georgia since entering the market in 2020.
PEACHTREE CORNERS, GA. — Cincinnati-based mixed-use developer and operator North American Properties (NAP) has partnered with New Orleans-based Politan Group for a new food hall at The Forum Peachtree Corners, a mixed-use redevelopment in metro Atlanta. Set to open in summer 2024, the new Politan Row at The Forum is the second food hall between NAP and Politan Group as the duo opened Politan Row at Colony Square in Midtown Atlanta two years ago. The nearly 10,000-square-foot food hall will feature space for seven independent food-and-beverage concepts, a central Bar Politan, private event venue and an outdoor patio fronting the greenspace. Politan Group is also activating the adjacent jewel box with a standalone restaurant and wine bar. Bell-Butler is designing the food hall. Other uses coming to The Forum Peachtree Corners include a 125-room hotel, 381 apartments and a structured parking deck.
DEERFIELD BEACH, FLA. — Cushman & Wakefield has brokered the sale of Quiet Waters Business Park, an infill industrial park in South Florida’s Deerfield Beach. PGIM Real Estate sold the seven-building, 677,789-square-foot property for an undisclosed price. The buyer was also not disclosed. Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon, Greg Miller, Cassandra Hernandez and Chloe Strada of Cushman & Wakefield represented the seller in the transaction. Matthew McAllister, Christopher Thomson, Chris Metzger and Rick Etner of Cushman & Wakefield’s South Florida Industrial Team will handle the property’s leasing assignment going forward. Quiet Waters is situated along the planned expansion of SW 10th Street, which will offer more direct connectivity to I-95, Sawgrass Expressway and the Florida Turnpike. The park houses 30 tenants and features a wide range of bay sizes with dock-high and grade-level loading.