TAMPA, FLA. — Berkadia has brokered the sale of Berkshires at Citrus Park, a 264-unit apartment community located at 6201 Gunn Highway in Tampa’s Citrus Park submarket. Boston-based Berkshire Residential sold the property to Nuveen Real Estate for an undisclosed price. Matt Mitchell, Jason Stanton and Bailey Smith of Berkadia represented the seller in the transaction. Built in 2000, amenities at the garden-style property include a resort-style swimming pool with a sun deck, fitness and cardio center, clubhouse with business center, gated access, lake with fountain and fishing pier, two dog parks and a picnic area.
MIAMI — The Container Store and Sweet Paris Creperie & Café have signed leases to join the tenant roster at Miami Worldcenter. The Container Store will occupy 15,681 square feet and Sweet Paris will occupy 2,330 square feet at the $6 billion, 27-acre mixed-use development underway in downtown Miami. Both retailers are set to open by the end of 2024. Miami Worldcenter Associates, led by developers Art Falcone and Nitin Motwani, is the master developer of Miami Worldcenter in partnership with CIM Group. More than 90 percent of the development’s 300,000 square feet of planned retail, dining and entertainment space has been leased, according to the developers. CIM Group and The Comras Co. are leading retail leasing.
WASHINGTON, D.C. — Newmark has arranged a 27,581-square-foot office lease at 11 Dupont, a six-story, 153,228-square-foot office building in Washington, D.C.’s Dupont Circle district. The tenant is American Enterprise Institute (AEI), a public policy think tank. Brendan Owen, Ed Clark and Max Planning of Newmark represented the landlord, The RMR Group, in the lease transaction. Mark Wooters and Aaron Pomerantz of Cushman & Wakefield represented AEI. The RMR Group recently completed a multimillion-dollar renovation to 11 Dupont.
ORLANDO, FLA. — Toll Brothers Campus Living and The Davis Cos. have unveiled plans to develop Aperture, a 680-bed student housing community situated adjacent to the University of Central Florida (UCF) in Orlando. The project will encompass two buildings and rise five stories. Located at 12727 E. Colonial Drive, Aperture will feature a fitness center, e-sports gaming center, computer lounge, content creation studio, LuxerOne package locker system, courtyard and resort-style pool. Residents will have access to a private shuttle to campus, as well as a parking garage with electric vehicle charging stations. Completion is slated for fall 2025. TD Bank provided a $50 million construction loan for the project. Toll Brothers’ in-house finance department arranged the equity and debt. According to the developers, UCF has the second largest on-campus enrollment of any public university in the U.S. with almost 70,000 students enrolled in the 2022-2023 academic year. “Demand for elevated student housing continues to rise across the country as highly amenitized offerings gain prevalence in the market, especially in the Sun Belt region,” says Jerry Murphy, managing director of investments at Davis. Toll Brothers Campus Living will manage the property’s development, construction and asset management, as well as handle marketing …
ORLANDO AND BOCA RATON, FLA. — Orlando-based Hilton Grand Vacations has entered into a definitive agreement to acquire Bluegreen Vacations, a time-share resort company based in Boca Raton. The all-cash transaction is valued at $75 per share, or $1.5 billion, including debt. The merger agreement will add more than 200,000 members and 48 club resorts in 14 new geographies for Hilton Grand Vacations. Additionally, Hilton Grand Vacations has reached a 10-year marketing agreement with Bass Pro Shops, which formerly had an exclusive marketing agreement with Bluegreen Vacations that includes a joint venture for four outdoor-themed resorts. The Bluegreen Vacations acquisition is expected to close in the first half of 2024.
NASHVILLE, TENN. — JLL has arranged the $101.2 million refinancing for Kenect Nashville, a 420-unit, Class A apartment community located at 800 19th Ave. in Nashville’s Midtown district. Jesse Wright, Kenny Cutler, Brian Dawson, Joshua Odessky and J.J. Hovenden of JLL arranged the loan through MF1 on behalf of the borrower, Akara Partners. Built in 2019, Kenect Nashville features a mix of studio, one-, two- and three-bedroom units ranging in size from 360 to 612 square feet, according to Apartments.com. Amenities include coworking spaces via membership for all residents, as well as a pool, business center, fitness center, concierge, pet play area and a clubhouse.
DURHAM, N.C. — A joint venture between Ivanhoe Cambridge, Public Sector Pension Investment Board (PSP Investments) and Greystar has opened Beckon, a six-story, 263-unit apartment community located at 311 Liggett St. in Durham. The property features a mix of 52 studios, 142 one-bedroom, 64 two-bedroom and five three-bedroom apartments. Rental rates start at $1,570 per month and renters can receive one month of free rent, according to the property website. Amenities include a pool, courtyard, fitness center, sky lounge, clubroom, outdoor kitchen, coworking spaces, private conference rooms, pet wash station, dog park, an urban pocket park and an onsite parking garage with EV charging capabilities. Additionally, Beckon features 5,600 square feet of ground-floor retail space that will include Crank Arm Brewery.
BALTIMORE — TSB Realty has brokered the sale of The Academy on Charles, a 328-bed student housing community located adjacent to the Johns Hopkins University campus in Baltimore. Randall Calvert of TSB Realty arranged the disposition from GMH Communities to an undisclosed buyer. The luxury property was originally built in the early 1930s and renovated and converted into student housing in 2014. The community offers fully furnished units alongside shared amenities including a rooftop terrace, fitness center, games center, garage and surface parking and private and group study lounges. The community is fully leased for the 2023-2024 academic year.
GREENVILLE, S.C. — Colliers has arranged a 37,654-square-foot office lease renewal at 55 Beattie Place in downtown Greenville. The tenant, regional law firm Gallivan White & Boyd, is renewing its space within One Liberty Square. Bailey Tollison, Brantley Anderson and Taylor Allen of Colliers represented the tenant in the lease transaction. The landlord was not disclosed. In addition to the One Liberty Square renewal, the Colliers team recently represented Gallivan White & Boyd in other office leases in Columbia, S.C., and Charlotte.
NASHVILLE, TENN. — Entertainment and sports agency Creative Artists Agency (CAA) has signed a 75,000-square-foot office lease at Nashville Yards, a 19-acre mixed-use project currently underway in downtown Nashville. Scheduled to begin in late 2025, CAA’s occupancy will span two floors. Designed by CannonDesign, the office will feature indoor-outdoor workspaces, game and listening lounges and private terraces on each floor. Amenities at the property, which is located at 955 Church St., will include plazas, courtyards, green spaces, meeting hubs, entertainment spaces, an outdoor deck, three levels of retail and dining space, parking and valet services. CAA will be relocating from its current Nashville office within the SunTrust building next to the Ryman Auditorium. Southwest Value Partners is the landlord and developer at Nashville Yards, which, upon completion, will feature a 591-room hotel and a 4,500-person concert venue in addition to retail, dining and office space.