CORDOVA, TENN. — Westmount, Quebec-based Dalfen America Corp. has purchased the 234,000-square-foot Trinity Ridge Business Center, an eight-building REO industrial property located at 7730-7760 Trinity Rd. in Cordova, from the loan servicer, LNR Partners, for $7.2 million. DBSI Inc. acquired Trinity Ridge Business Center in 2007 for $22.9 million. The property was foreclosed on last year. Johnny Lamberson of CBRE represented the buyer in the transaction and Andrew Phillips of Colliers International's Memphis, Tenn., office represented the seller .
ROSWELL, GA. — The 102,888-square-foot Holcomb Woods Village, a shopping center located at 1570 Holcomb Bridge Rd., has sold for $3.42 million. Whitney Knoll, Mark Hillis and Fred Victor of Newmark Knight Frank's Atlanta office represented the Bank of New York Mellon Trust Co. through special servicer GE Capital Realty Group, the seller, in the transaction. The buyer was Charlotte, N.C.-based Hawthorne Retail Partners.
PORT RICHEY, FLA. — Colliers International has brokered the $1 million sale of a 6,750-square-foot retail property, located at 9644 Scenic Dr. in Port Richey. Cynthia Shelton of Colliers International's Orlando, Fla., office and Mike Milano of the firm's Tampa Bay, Fla., office represented the seller, 6341 Tacoma Dr. Holdings, in the transaction. Barry Goldstein with Goldstein Commercial represented the buyer, a private individual.
ORLANDO, FLA. — Beech Street Capital has provided an $11.2 million Freddie Mac CME loan to refinance the 318-unit Woodhollow Apartments, located at 5739 Kingsgate Dr. in Orlando. Jacob Katz of Meridian Capital Group's Bethesda, Md., office originated the transaction. The loan has a 10-year term.
ALPHARETTA, GA. — Cushman & Wakefield has arranged the sale of a 93,963-square-foot office building, located at 1200 Bluegrass Lakes Pkwy. in Alpharetta. The building is 73 percent leased to Arch Chemicals through 2021. David Meline, Stewart Calhoun, Samir Idris and Casey Masters of Cushman & Wakefield's Atlanta office represented Reed Elsevier, the seller, in the transaction. The buyer, Norcross, Ga.-based OA Development, was self-represented by Eric Singer.
PALM BAY, FLA. — ARA has negotiated the $3.17 million sale of the 216-unit The Pines Apartments, a garden style apartment community located at 3016 Pinewood Dr. NE in Palm Bay. The property is currently 92 percent leased. Kevin Judd, Patrick Dufour and Matt Wilcox of ARA's Orlando, Fla., office represented the seller in the transaction. Cincinnati-based Green Realty Corp. was the buyer.
KNOXVILLE, TENN. — Baker Realty Co. has brokered the $1 million sale of the 39,286-square-foot former Sea Ray Logistics building, a warehouse located at 5501 Island River Dr. in Knoxville. Bob Thornton of Baker Realty Co. represented the seller, Brunswick Corp., in the transaction and procured the buyer, LORYSAN.
HOMEWOOD, ALA. — Beech Street Capital has closed a $19.9 million Freddie Mac CME conventional loan for the 274-unit Mayfair Chateau Manor, located at 3450 Manor Dr. in Homewood. Beech Street's Birmingham office arranged the 10-year loan with a 30-year amortization schedule.
ATLANTA — Cousins Properties Inc. has signed the first six tenants to the $100 million Phase I of Emory Point, a mixed-use property located at 1727 Clifton Rd. in Atlanta. The retailers include: a 14,338-square-foot CVS/pharmacy; a 4,512-square-foot Jos. A. Bank; a 2,995-square-foot Marlow's Tavern; a 1,891-square-foot Solar Dimensions; a 1,692-square-foot Which Wich; and a 1,117-square-foot Carriage Cleaners. The first phase, which will include 80,000 square feet of retail space and 443 apartments, is slated for completion in the fall of 2012.
CHARLOTTE, N.C. — A joint venture between Charlotte-based Ferncroft Capital and Dallas-based Crow Holdings has purchased the 102,000-square-foot Northlake Commons Shopping Center, located at 9310 Center Lake Dr. in Charlotte, for $22 million. Tenants include Chick-fil-A, Chili's, Olive Garden, On The Border, Red Robin, Panera Bread, AT&T, Sprint, Moe's Southwest Grill, Shane's Rib Shack, Men's Wearhouse and Fox and Hound. New South Properties has been retained to lease and manage the center.