FORT MYERS, FLA. — CB Richard Ellis has brokered the $2 million sale of 44 condo units and 11 acres of excess development land in the Villas of Venezia, located at 4101 Metro Pkwy. in Fort Myers. Jonathan Richards of CB Richard Ellis' Naples, Fla., office represented Larkspur Acquisitions, the buyer, and Juan Munoz of KW Property Management represented CRE Properties, the seller.
BALTIMORE — Harbor Group International (HGI) has purchased a six-property multifamily portfolio in Baltimore from Sawyer Realty Holdings for $190 million. The portfolio includes: the 808-unit Crosswinds at Rolling Road, the 92-unit Diamond Ridge, the 270-unit The Glens at Rolling Road, the 264-unit Granite Run, the 280-unit Rolling Wind and the 270-unit Stratton Meadows. HGI will invest $7.75 million in capital improvements. Al Cissel and Scott Melnick of Jones Lang LaSalle's Bethesda, Md., office represented the seller in the transaction.
WASHINGTON, D.C. — Strategic Hotels & Resorts has closed on a $130 million limited-recourse loan for the Four Seasons Washington, D.C. The financing is interestå only and not subject to principal amortization through the full loan maturity date. Deutsche Bank Securities originated the financing and Eastdil Secured served as the placement agent.
DURHAM, N.C. — Measurement, Inc. has chosen Choate Construction Co. to build the 91,150-square-foot Measurements Building, a mixed-use property to be located at the corner of Morris and Hunt streets in Durham. The five-story building will contain 65,950 square feet of Class A office space above 13,100 square feet of street-level retail space. Also included in the project is a 12,000-square-foot parking garage.
JACKSONVILLE, FLA. — Jacksonville-based Grubb & Ellis Phoenix Realty Group and Mohr Partners have brokered the $2.6 million sale of a 57,516-square-foot industrial building located at 5300 Shad Rd. in Jacksonville. Bobby Gatling and John Richardson with Phoenix and John McDaniel of Mohr Partner's Dallas office represented the seller, Noland Properties. Buddy Register of Cushman & Wakefield's Jacksonville office represented the buyer.
CHESAPEAKE, VA. — Parkway Properties has sold Greenbrier Towers I & II, located in the Greenbrier area of Chesapeake, Va., for $16.7 million. The properties total 172,000 square feet and were 87 percent occupied at the time of close.
LARGO, FLA. — Marcus & Millichap has brokered the $14.3 million, lender-approved short sale of the 444-unit Chaparral Apartments located at 601 E. Rosery Rd. in Largo, Fla., for $14.3 million to a Massachusetts-based partnership. Norman Eastwood of Marcus & Millichap's Dallas office and Tal Frydman of the firm's Fort Lauderdale, Fla., office represented the seller, a Houston-based partnership.
COCONUT CREEK, FLA. — CB Richard Ellis has negotiated the $5.8 million sale of a 66,524-square-foot mixed-use property and a McDonald's outparcel located at 4400 W. Sample Rd. in Coconut Creek to Township Shoppers. David Donnellan and Scott O'Donnell, both with CBRE's Boca Raton, Fla., office, represented the seller, SCP-Capri Township Plaza Owner.
BOCA RATON, FLA. — The 31,632-square-foot Boca Raton Comprehensive Cancer Center, located at 21010 N. State Rd., has received $3 million in financing through Thomas D. Wood & Co.'s relationship with Summit Investment Partners. The borrower secured the 10-year loan with a 20-year amortization schedule to purchase the property, which was vacant at the time of acquisition.
MIAMI — Cushman & Wakefield has signed two expansion/renewal leases, totaling 83,479 square feet in new space, at Aventura Industrial Center, located at 555 NE 185th St. in Miami. First, the DFASS Group signed a 52,770-square-foot lease expansion, bringing its total occupancy to 193,558 square feet at the property. Kansas Marine Co. expanded its lease by an additional 30,709 square feet, bringing it's occupancy to 109,267 square feet. Wayne Ramoski, Brian Smith and Audley Bosch of Cushman & Wakefield's Miami office represented the landlord, Principal Real Estate Investors, in lease negotiations with DFASS Group, who was represented by Cushman & Wakefield, and Kansas Marine Co., represented by Gordon Messinger from Terranova Corp.'s Miami office.