THOMASTON, GA. — Yamaha Music Manufacturing has sold a 275,000-square-foot facility to Animal Health Sciences of Smyrna, Ga., for an undisclosed amount. The property, which Yamaha closed in 2007, is located on 75 acres in Thomaston. Arthur Barry of Macon, Ga.-based Coldwell Baker Commercial Eberhardt & Barry represented Yamaha in the deal.
DAHLGREN, VA. — OMZ King George broke ground last week on the King George Gateway shopping center, which could eventually encompass 300,000 square feet of retail space. The property is located across the street from Dahlgren Naval Warfare Center at the interchange of VA Route 301 and University Drive in Dahlgren. A 150,000-square-foot Walmart Super Center, which will open in spring 2011, will anchor the property. Quiznos Sub, Verizon Wireless and Auto Zone have also signed on to move into the shopping center.
LAGRANGE, GA. — McCarthy Building Cos. has completed the 140,000-square-foot South Tower at West Georgia Health's LaGrange campus. The $70 million project will accommodate up to 192 beds. The property houses a cardiovascular center, an intensive care unit and an emergency department.
OXFORD, MISS. — Marcus & Millichap has brokered the sale of the Sterling University Terrace student housing property between two private parties for an undisclosed price. The 156-unit property can house 492 students; it is located at 900 Whirlpool Drive near the University of Mississippi campus in Oxford. The firm's Travis Prince and Dorothy Jackman represented both parties in the transaction. Michael Harris, Brent Yurtkuran and Matt Fitzgerald of Marcus & Millichap also helped broker the deal.
ORLANDO, FLA. — New Boston Fund has purchased a controlling interest in the 137,000-square-foot Southpoint Executive Center. The Class A office building is located in Orlando. Stiles, which purchased Southpoint in 2007, will remain co-owner of the property. In the deal, New Boston paid the building's outstanding debt; the firm will also pay future operating costs and will fund leasing costs. The property is currently 30 percent leased.
BETHESDA, MD. — A joint venture between LCOR and USAA Real Estate Co. has broken ground on a 362,000-square-foot building for the U.S. Nuclear Regulatory Commission. The $131 million project, which will be located at 11601 Rockville Pike in Bethesda, is expected to employ 185 to 350 workers per month during the construction period. NRC will occupy the building, which is owned by the Washington Metropolitan Area Transit Authority, on a 15-year lease. The building is being designed to LEED Silver standards.
DORAL, FLA. — The American Welding Society has purchased the 122,000-square-foot Royal Palm Offices at Doral from a limited liability company based in Coral Gables, Fla., for $19 million. The tenant will build out the property, which is located on a 5-acre parcel at 8669 NW 36th St., and occupy 50 percent of the space. Greg Zeifman and Benjamin Silver of Marcus & Millichap's Miami office represented the buyer.
BATON ROUGE, LA. — Walker & Dunlop has secured a $16 million construction to permanent loan for the 216-unit Canterbury House Apartments – Sherwood. The mixed-income Baton Rouge apartment complex, which is 91 percent occupied, features a tanning room, a pool, a business center and a dog park. The 30-year loan carries a 35-year amortization schedule. The loan utilizes Gulf Opportunity Zone Bonds.
RICHMOND, VA. — Genesis Properties has sold the 223-unit Fairhills Apartments to Boston-based The Winn Company for $5.9 million. The property, which comprises 26 two-story buildings, is located on 14.92 acres of land at 1339 Coalter St. in Richmond. Marcus & Millichap represented the seller.
SOUTHEAST — Jeff Bucaro of Aries Capital has arranged a $15.5 million acquisition loan for the purchase of 21 KFC/Taco Bell locations in the Southeast. The 5-year loan, funded by a consortium of credit unions, will cover 75 percent of the purchase. Michael Christie and Steven Madlinger of Heritage Capital Investments sponsored the loan.