SPARTANBURG, S.C. — Alliance HSP Spartanburg LLC, an affiliate of Alliance Partners HSP LLC, has acquired the Viking Warehouse, a 350,000-square-foot warehouse/distribution facility in Spartanburg. Campbell Lewis of CBRE represented Alliance in the transaction. The facility is comprised of two warehouse buildings located on a 28.7-acre site at 2071 Fryml Drive. The property was formerly occupied by American Fast Print but was vacant at the time of sale. Alliance plans to invest in capital improvements to the property and reposition it from a Class C asset to a Class A asset. Completion of the renovation is expected for spring 2015. Campbell Lewis and John Scott of CBRE will be responsible for leasing Viking Warehouse, and Steve Campbell of CBRE will oversee property management.
MOUNT PLEASANT, S.C. — Capital One Bank has provided a $36.3 million loan to refinance a construction loan on Somerby of Mt. Pleasant, a 248-unit seniors housing facility in Mount Pleasant, roughly 10 miles northeast of Charleston. The seniors community includes 159 independent living apartments and villas and 89 assisted living units. Developed in 2008, Somerby of Mt. Pleasant’s amenity package includes a fitness facility, restaurant-style fine dining, an on-duty nurse, indoor heated pool and a separate guest suite for visiting family and friends. Capital One Bank arranged the loan on behalf of affiliates of Dominion Partners LLC, a Birmingham, Ala.-based owner of seniors housing properties in the Southeast. Dominion’s management company is Somerby Senior Living Services LLC.
INDIAN LAND, S.C. — Cassidy Turley has brokered the $5 million sale of Catawba Commons, a 40,261-square-foot, Food Lion-anchored shopping center located at 8175 Charlotte Highway in Indian Land, part of the Charlotte MSA. The property was fully leased at the time of sale. Egan Family Partnership purchased the asset from Indian Land-FL LLC. Sam Young, Jared Londry and Rob Cochran of Cassidy Turley represented the seller.
GREENVILLE, S.C. — Passco Cos. LLC has purchased Vinings at Laurel Creek, a 244-unit, Class A apartment community, for $30.9 million. The multifamily community is located at 3434 Laurens Road near downtown Greenville. Delivered in 2013, the apartment property features a beach-entry pool, indoor/outdoor clubhouse, cyber café, dog park and fitness center. Passco plans to hold the asset for seven to 10 years or until the market dictates, according to Gary Goodman, senior vice president of acquisitions for Passco Cos.
SUNSET BEACH, N.C. AND NORTH MYRTLE BEACH, S.C. — Multi Housing Advisors (MHA) has brokered the sales of the 168-unit Tides at Calabash in Sunset Beach and the 172-unit Cherry Grove Commons in North Myrtle Beach. Hamilton Point Investments LLC acquired Tides at Calabash from Berkadia for $12.6 million and Cherry Grove Commons from Aspen Square Management for $15.1 million. Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the sellers in both transactions. The buyer didn’t use a broker in either transaction. The two properties are approximately 15 miles apart.
FOUNTAIN INN, S.C. — Pattillo Industrial Real Estate has broken ground on a 205,000-square-foot speculative industrial facility, located on a 40-acre site at 141 Southchase Blvd. in Fountain Inn, roughly 20 miles southeast of Greenville. The Class A asset will be located in SouthChase Industrial Park and will be expandable up to 330,000 square feet. SouthChase Industrial Park is currently leased to 14 tenants, including Bosch Rexroth, W.W. Grainger, AVX Corp., Southeastern Products and Stueken. The new building will feature 30-foot clear heights, a 180-foot truck court, 45 dock positions, T5 lighting and an ESFR sprinkler system. Pattillo expects to deliver the facility in mid-2015. The developer has tapped NAI Earle Furman to lease and market the property.
CHARLESTON, S.C. — The Kalikow Group plans to start construction soon on The Apartments at Shade Tree, a 248-unit garden-style apartment community at the entrance of Shade Tree, a 355-acre master-planned development in Charleston. The asset will be located on a 9.2-acre site at 2947 Maybank Highway on Johns Island. The Kalikow Group has formed a joint venture with EYC Cos. for the project. The apartment community will feature a fitness center, clubhouse, pool, business center, playground, dog park, walking trails and access to community parks and retail outparcels. The Apartments at Shade Tree will be the first multifamily development in the Johns Island area since 2005.
CHARLESTON, S.C. — NAI Avant has brokered the $4 million sale of 150 Wentworth St. in downtown Charleston. Dexter Rumsey of NAI Avant represented the buyer, Harbor House Inc., in the transaction. Harbor House is a local nonprofit organization that plans to convert the existing property into South Carolina’s first Fisher House, a lodging option where families of military veterans or active duty members can stay for free while their loved ones receive medical care. Construction is slated to begin in 2016.
ATLANTA — HFF has closed on the sale of a retail portfolio consisting of seven Publix-, Kroger- and BI-LO-anchored shopping centers totaling 513,723 square feet in Florida, Georgia, South Carolina and Texas. The properties include Kingwood Glen in Houston; Doral Isles in Miami; Barclay Crossing in Tampa; Deltona Landings in Orlando; Parkway Centre in Columbus, Ga.; Publix at Powder Springs in Atlanta; and Sweetgrass Corner in Charleston, S.C. Richard Reid, Danny Finkle, Ryan West, Rusty Tamlyn, Jim Hamilton and Luis Castillo of HFF represented the seller, a joint venture between BVT Equity Holdings Inc. and WealthCap, in the transaction. The seven retail assets had a combined 96.5 percent occupancy at the time of the sale.
COLUMBIA, S.C. — CBRE Group Inc. has arranged $30.1 million in non-recourse construction and permanent financing for The Atlantic at Parkridge, a 298-unit apartment complex that will be built in Columbia’s Irmo submarket. CBRE arranged the financing through HUD’s 221(d)(4) new construction mortgage insurance program, which provides an interest-only construction period of 22 months with a 40-year, fully amortizing permanent loan. Steve Heffner of CBRE’s capital markets group in Charlotte co-originated the loan with Monica Newman of CBRE’s capital markets group in Denver on behalf of the sponsors, New York-based AVR Realty Co. LLC and Charleston-based Middle Street Partners LLC. The project team includes Orlando-based architect Humphreys & Partners and Jacksonville-based general contractor Summit Contracting Group Inc.