MCLEAN, VA. — A fund managed by CIM Group has provided a $148 million loan to a joint venture between Westbrook Partners and American Real Estate Partners to refinance Highline at Greensboro, a Class A office campus in Tysons Corner. Highline at Greensboro features two 10-story buildings comprising approximately 461,000 square feet of office space, ground floor retail and amenity space and a 1,333-stall underground parking garage. The property recently underwent a renovation including upgrades to the façade, lobbies and common areas, as well as the addition of tenant amenities such as a health club, tenant lounge, outdoor plaza and a 60-person conference center. Located at 8401 and 8405 Greensboro Drive, Highline at Greensboro is situated close to the Metro Silver Line Spring Hill Station, Dulles Toll Road, Interstate 495 and Route 66, as well as downtown Washington, D.C., and Dulles International Airport. The property is also situated adjacent to The Boro, a 3.5 million-square-foot mixed-use development.
SOUTHFIELD, MICH. — Southfield-based American House Senior Living Communities has acquired 13 seniors living communities in Tennessee totaling 875 units. Seniors housing giant Ventas sold the portfolio for an undisclosed price. The properties were formerly Elmcroft Senior Living campuses and will be rebranded as American House Senior Living Communities. With this new portfolio, Southfield-based American House will now manage a total of 70 independent living, assisted living and/or memory care facilities. The portfolio includes the following properties: – American House Bartlett features 66 assisted living apartments and is located at 3345 Kirby Whitten Road in Bartlett. – American House Brentwood features 60 assisted living and memory care apartment units, and is located at 5436 Edmondson Pike in Brentwood. – American House Bristol features 83 assisted living and memory care apartment units, and is located at 826 Meadow View Road in Bristol. – American House Halls features 53 assisted living and memory care apartments, and is located at 7521 Andersonville Pike in Knoxville. – American House Hamilton Place features 49 assisted living and memory care apartments and is situated at 1502 Gunbarrel Road in Chattanooga, near the Georgia and Tennessee border. – American House Hendersonville is located at 1020 Carrington Place …
SARASOTA, FLA. — Sarasota-based Benderson Development has purchased Sarasota County’s administration building in downtown Sarasota for $25 million. The deal allows the seller, Sarasota County, to lease back the space in the building for another four years. Sarasota County will be the only tenant at the building. Paul Carr, Todd Tolbert, Ken Krasnow and Brooke Berkowitz of Colliers arranged the sale of the 158,149-square-foot office property. Located at 1660 Ringling Blvd., the building is situated one mile from downtown Sarasota, 6.4 miles from Sarasota Beach and 57.6 miles from Tampa. The property is also close the Sarasota Art Museum, Whole Foods Market and Marie Selby Botanical Gardens Downtown Sarasota campus. Built in 1972, the property has been renovated several times over the years.
LELAND, N.C. — Goodegg Investments and Mesos Capital have bought Waterleaf at Leland, a 248-unit apartment community in Leland. Julie Lam and Annie Dickerson of Goodegg Investments, as well as Pancham Gupta and Rajan Gupta at Mesos Capital led the sales transaction. The sales price and seller were not disclosed. Built in April 2021, Waterleaf at Leland offers studio, one-, two- and three-bedroom floorplans. Unit features includes granite countertops, tile backsplashes, nine-foot ceilings, custom hardwood cabinets, modern lighting, stainless steel appliances, wood-vinyl plank flooring and private porches. Community amenities include a saltwater pool with outdoor fireplace, clubhouse with coffee bar, 24-hour fitness center with yoga and spin room, pickleball court, business center, car wash, dog park, community bike and kayak barn, private garages available and valet trash. The property was 96.4 percent occupied at the time of sale. Located at 7410 Cordoba Circle, Waterleaf at Leland is situated 9.3 miles from Wilmington.
WINSTON-SALEM, N.C. — Marcus & Millichap has arranged the sale of DoubleTree by Hilton Hotel Winston-Salem University, a 150-room hotel property in Winston-Salem. Jack Davis, Joce Messinger and Josh Williams of Marcus & Millichap represented the seller, an undisclosed private investor. The listing team also secured and represented the buyer, another private investor. The sales price was also not disclosed. Located at 5790 University Parkway, the DoubleTree by Hilton is situated within four miles from Wake Forest University and about nine miles from Salem College, Hanes Mall and Bowman Gray Stadium, a NASCAR racetrack. Built in 1987 and renovated in 2015, the hotel’s amenities include complimentary Wi-Fi, laundry facilities, a restaurant and bar, event center, 24-hour fitness center, outdoor pool and a fire pit.
PHOENIX — Florida and Texas dominated the list of top 25 growth cities highlighted in the U-Haul Growth Index, an annual metric tracked by the Phoenix-based moving giant. Together, Florida and Texas accounted for 15 of the top 25 markets for one-way U-Haul moving trips in 2021. Kissimmee-St. Cloud, a Central Florida metro situated less than 30 miles south of Orlando, came in at No. 1 for 2021 after finishing second in both the 2019 and 2020 rankings. Rounding out the top five in-migration markets for 2021 are Raleigh-Durham, N.C.; Palm Bay-Melbourne, Fla.; North Port, Fla.; and Madison, Wis. Arrivals of U-Haul trucks into Kissimmee-St. Cloud climbed 31 percent from 2020, while departures rose 29 percent. Arriving trucks accounted for 53.2 percent of all one-way U-Haul traffic in Kissimmee-St. Cloud, which was one of Florida’s 10 markets in the 2021 list. “Florida remains competitive, especially during the COVID era,” says Miguel Caminos, president of U-Haul Co. of Orlando. “We’ve pushed through and business is thriving. It’s not just people moving to Florida, but businesses moving because they see better opportunities here.” “Florida has always been a destination location for retirees, but more so (in 2021), a lot of people took …
TAMPA, FLA. — Current Rocky Point LLC, an affiliate of Tampa-based Caspers Co., has acquired The Current Hotel, an Autograph Collection hotel by Marriott in Tampa. The price was $85 million. Dave Weymer, Michael Weinberg, Preston Reid and Wyatt Krapf of Berkadia Hotels & Hospitality represented the seller, Rocky Point Holdings LLC, in the transaction. American Momentum Bank provided a $55 million loan to the buyer. Built in 2019, The Current Hotel features 180 rooms, the Julian Restaurant, Rox Rooftop Bar and a lobby bar. The hotel property also includes a private beach, infinity pool and waterfront views from every guestroom. Located at 2545 N. Rocky Point Drive, the hotel is 4.8 miles from the Tampa International Airport, 0.5 miles from East Tampa Beach and 15 miles from Clearwater. The property is also situated near restaurants such as Whiskey Joe’s Bar & Grill and Oystercatchers.
CHARLESTON, S.C. — Los Angeles-based Trion Properties has acquired Latitude at West Ashley, a 312-unit multifamily community in Charleston, for $51.8 million. The seller was not disclosed. Constructed in two phases in 1968 and 1973, Latitude at West Ashley offers one-, two- and three-bedroom floorplans averaging 954 square feet with approximately half of the units set up as townhomes. The apartment community includes 22 two-story wood-framed buildings. Community amenities include a pool deck with BBQ grills and cabanas, a fitness center and onsite laundry facilities. Located at 1735 Ashley Hall Road, Latitude at West Ashley is situated by the Ashley and Stono rivers. The property is also situated seven miles west of downtown Charleston, 2.8 miles from Citadel Mall, the area’s only indoor mall, and near Interstate 526.
POMPANO BEACH, FLA. — Bridge Industrial has purchased Pompano Beach Commerce Park, a 336,852-square-foot industrial campus in Pompano Beach. Jose Lobon of CBRE National Partners represented the undisclosed seller in the transaction. The price was not disclosed. Located on Powerline Road, Pompano Beach Commerce Park comprises three buildings spanning 140,094 square feet, 124,894 square feet and 71,864 square feet, respectively. The facilities include features such as 24-foot clear heights and multiple points of ingress and egress along its 800 feet of linear frontage on Powerline Road. Following the acquisition, Bridge Industrial plans to launch a comprehensive capital improvement program at the property, including upgrades to the landscaping, parking lot, signage and roof. The campus is located less than two miles from Interstate 95 and just 1.4 miles from the Florida Turnpike. The property also sits 15 miles from Port Everglades and the Fort Lauderdale-Hollywood International Airport, and approximately 40 miles from the Port of Miami and Miami International Airport.
MIAMI — Cushman & Wakefield has arranged the sale of a 51,392-square-foot industrial facility located at 7480 NW 48th St. in Miami. Wayne Ramoski and Miguel Aclivar of Cushman & Wakefield represented the seller, DFJ Properties West LLC, in the transaction. RLIF East 5 LLC was the buyer. The price was $14.8 million. Sitting on more than four acres, 7480 NW 48th St. is a warehouse and showroom property that is fully leased to Ferguson Enterprises, a Newport News, Va.-based distributor of plumbing supplies, waterworks and fire and fabrication products. The facility is situated on two lots offering a variety of industrial and commercial uses in South Florida’s airport submarket. The property includes features such as 23.8-foot clear heights, more than 50 striped parking spaces and proximity to Miami International Airport. The property is currently zoned for industrial and heavy manufacturing use.