Southeast

Homewood Suites Cape Canaveral-Cocoa Beach

Homewood Suites by Hilton Opens First Hotel in Cocoa Beach

by John Nelson April 22, 2016

COCOA BEACH, FLA. — Hilton Worldwide has opened Homewood Suites by Hilton Cape Canaveral-Cocoa Beach, a 153-room hotel in Cocoa Beach. The new property is the brand’s first hotel in the market. Located at 9000 Astronaut Blvd., Homewood Suites Cape Canaveral-Cocoa Beach is near the Kennedy Space Center, Ron Jon Surf Shop, Port Canaveral shops and restaurants and the Cocoa Beach Pier. Sunbelt Hospitality is the hotel’s developer and owner. The hotel features an outdoor pool, fitness center, complimentary breakfast, an evening social Monday-Thursday, Wi-Fi and grocery shopping services.

April 22, 2016

Georgia Retail Southeast

Regency Centers Signs Huff Harrington to Lease at Buckhead Court in Atlanta

by John Nelson April 22, 2016

ATLANTA — Regency Centers has inked a lease with Huff Harrington, a fine art gallery and home furnishings retailer, to lease 5,000 square feet of space at Buckhead Court, a 48,000-square-foot shopping center in Atlanta’s Buckhead district. The new store will offer art, design services, tableware, home décor and furnishings, accessories and jewelry. The retailer is expected to open for business at Buckhead Court in September. Other tenants at Buckhead Court include Superica, Range Boutique, DTOX and Buckhead Lash. Leslie Mintz of Regency Centers handles leasing responsibilities for Buckhead Court.

April 22, 2016

Florida Industrial Southeast

Coca-Cola Beverages Florida to Acquire Four Production Facilities from The Coca-Cola Co.

by John Nelson April 21, 2016

TAMPA, FLA. — Coca-Cola Beverages Florida, an independent Coca-Cola bottler based in Tampa, has signed a letter of intent with The Coca-Cola Co. to acquire four production facilities in Hollywood, Jacksonville, Orlando and Tampa for an undisclosed price. The proposed acquisitions will give Coca-Cola Florida the ability to fully manage the production of Coca-Cola products that it currently distributes for Florida customers and consumers. In December 2015, Coca-Cola Florida signed letters of intent to acquire The Coca-Cola Co.’s sales and distribution operations in North and South Florida. The proposed acquisitions are subject to the parties reaching a definitive agreement, with closing for the North Florida operations expected in 2016 and closing for the South Florida operations expected in 2017. Coca-Cola Florida currently operates in Central Florida with seven sales and distribution locations in Tampa, Lakeland, Sarasota, Fort Myers, Fort Pierce, Sebring and Spring Hill. Following the completion of the North and South Florida territory expansions, Coca-Cola Florida’s operations will encompass 16 sales and distribution centers throughout Florida.

April 21, 2016

Maryland Office Southeast

U.S. Nuclear Regulatory Commission Renews 347,922 SF Lease in Metro D.C.

by John Nelson April 21, 2016

NORTH BETHESDA, MD. — The General Services Administration (GSA), on behalf of the U.S. Nuclear Regulatory Commission, has renewed a 347,922-square-foot lease at Two White Flint North, a 10-story office building in North Bethesda. The GSA occupies the entire property as well as its sister property, the 18-story One White Flint North. The GSA inked the lease renewal with Two White Flint North’s ownership group, Lerner Enterprises and The Tower Cos.

April 21, 2016

Florida Loans Multifamily Retail Seniors Housing Southeast

NorthMarq Capital Secures $40.7M in Financing for Three Properties in Florida

by John Nelson April 21, 2016

TAMPA, FLA. — NorthMarq Capital has arranged $40.7 million in financing for a seniors housing property, apartment community and a shopping center in Florida. The properties include Twin Creeks Assisted Living, a 96-bed seniors housing property under construction in Riverview; Lakehouse Luxury Apartments, a 125-unit apartment property located at 3003 S. Frontage Road in Plant City; and Publix at Summerfield Crossings, a 69,917-square-foot shopping center located at 13146 U.S. Highway 301 South in Riverview. Robert Hernandez of NorthMarq Capital’s Tampa office arranged the loans. The financing included a three-year, $14.2 million, interest-only construction loan for the Twin Creeks property on behalf of the borrower, Lithia Assisted Living LLC; a 10-year, $12.5 million, Fannie Mae loan with a 30-year amortization schedule for the refinancing of Lakehouse Luxury Apartments on behalf of Lakeside Gardens of Plant City LLC; and a 10-year, $14 million loan with a 30-year amortization schedule for the refinancing of Publix at Summerfield Crossings on behalf of the borrower, Big Bend Group LLC.

April 21, 2016

Airport North Logistics Park Medley Miami

Florida Industrial Southeast

Cushman & Wakefield Arranges 105,920 SF Lease in Metro Miami

by John Nelson April 21, 2016

MEDLEY, FLA. — Cushman & Wakefield has arranged a 105,920-square-foot lease for space at Airport North Logistics Park, a 900,000-square-foot, Class A industrial complex currently under construction in Medley, part of Miami’s Airport North industrial submarket. The industrial park is situated on 45 acres at 8502 N.W. 80th St. The tenant, Neutralogistics Distribution LLC, signed the five-year lease for space in Building One, which will feature a 120-foot concrete truck court, 34-foot clear heights, 57 overhead doors, two ramps, 60-foot staging bay, an ESFR sprinkler system, 227 parking spaces and T-5 lighting. Wayne Ramoski and Gian Rodriguez of Cushman & Wakefield represented the landlord, Airport North Industrial Inc., in the lease deal. Juan Ruiz of Blanca Commercial Real Estate represented the tenant.

April 21, 2016

Retail Southeast Virginia

KLNB Retail Brokers Sale of Grocery-Anchored Shopping Center in Alexandria

by John Nelson April 21, 2016

ALEXANDRIA, VA. — KLNB Retail has brokered the sale of New Grand Shopping Center, a 65,330-square-foot shopping center located at 6229-6259 Little River Turnpike in Alexandria, roughly 10 miles outside of Washington, D.C. The center was fully leased at the time of sale and anchored by New Grand Mart, an international supermarket that specializes in Korean, East Asian, Latino and African groceries. Other tenants include Pho Factory, TempAsian Café, Hee Been Restaurant, Panaderia Latina, Mamas Chicken, Kabob Restaurant, Halal Meats, a dry cleaner, laundromat, men and women’s hair salons and a beauty supply store. Andy Stape and Vito Lupo of KLNB Retail represented the seller, Grand Shopping Center LLC, and procured the buyer, a private real estate fund advised by Crow Holdings Capital-Real Estate. The sales price was not disclosed.

April 21, 2016

Florida Mixed-Use Southeast

Clarion Partners Purchases The Lincoln in Miami Beach from HQ Capital Partners for $109M

by John Nelson April 20, 2016

MIAMI BEACH, FLA. — Clarion Partners has purchased the leasehold interest in The Lincoln, a 161,824-square-foot mixed-use property in Miami Beach. HQ Capital Partners LP sold the five-story building for $109 million, according to The Real Deal. Built in 2003, the property was 94 percent leased at the time of sale to eight retailers including Pottery Barn and Williams Sonoma and 31 office tenants including Morgan Stanley and OnBoard Media. The Lincoln comprises 43,166 square feet of ground-floor retail space, 118,658 square feet of Class A office space and a 709-space parking structure. Christian Lee, Jose Lobon, Andrew Chilgren, Charles Foschini and Christopher Apone of CBRE collaborated with Stephen Rutchik and Jonathan Kingsley of Colliers International to represent HQ Capital Partners in the transaction.

April 20, 2016

Georgia Retail South Carolina Southeast

Wheeler REIT Buys Shopping Centers in South Carolina, Georgia from Piggly Wiggly for $71M

by John Nelson April 20, 2016

VIRGINIA BEACH, VA. — Wheeler Real Estate Investment Trust Inc., a Virginia Beach-based retail REIT, has acquired 14 shopping centers in South Carolina and Georgia for $71 million, making it the REIT’s largest portfolio purchase to date. Wheeler REIT purchased the portfolio from Mount Pleasant, S.C.-based Piggly Wiggly Carolina Co. KeyBank Real Estate Capital provided the bulk of the acquisition financing on behalf of Wheeler REIT, and Dallas-based Revere Capital provided an $8 million loan. Brian O’Flanagan of Revere Capital’s Dallas office originated the loan. The acquired portfolio consists of 603,142 square feet and has a combined occupancy of 92 percent with grocery-anchored tenants that include Harris Teeter, Bi-Lo and Piggy Wiggly. The Shoppes at Litchfield Market Village in Pawleys Island, S.C., is one of the properties. The others include a Piggly Wiggly-anchored center in Georgetown, S.C., as well as locations in Greenwood, Mullins, Bluffton, Lexington, St. Matthews, Columbia and Ridgeland in South Carolina and one location in Darien, Ga. Kyle Stonis and Pierce Mayson of SRS Real Estate Partners’ Atlanta office brokered the transaction.

April 20, 2016

Georgia Mixed-Use Southeast

Atlanta United FC Unveils Plans for $60M Training Facility Designed by tvsdesign

by John Nelson April 20, 2016

MARIETTA, GA. — Atlanta United FC, Major League Soccer’s (MLS) 22nd franchise, has released details and renderings for its $60 million training facility underway in Marietta, a northern suburb of Atlanta. Designed by Atlanta-based tvsdesign, the project will include six playing fields and a 30,000-square-foot facility that will house both the professional and academy teams for the club, which will begin its first MLS season in 2017. Located along Marietta’s Franklin Road on a 33-acre site, the training facility will be used by professional and soccer academy players, along with the club’s executive and soccer operations staff. The project is expected to bring 80 high-paying jobs to the area. Atlanta United will play in the new Mercedes-Benz Stadium currently under construction in downtown Atlanta. The team is owned by Atlanta Falcons owner Arthur Blank and is led by club president Darren Eales.

April 20, 2016

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