BRENTWOOD, TENN. — Alder Real Estate Fund has acquired the Parklane Building, a four-story, office building located at 5200 Maryland Way in Brentwood. The 110,000-square-foot property is occupied by LabCorp, American Home Patient, Sprint, Time Warner and CSX Transportation. Panattoni Development Co. sold the property for an undisclosed price. Matthew Adler of Adler Group represented the buyer; Perry Gooch and Crews Johnson III of Cassidy Turley represented the seller in the transaction.
PEARL, MISS. — Mississippi-based Pearl Lodging has acquired Comfort Inn Pearl, which is located along Interstate 20 in Pearl. The two-story, 78-room hotel features guestrooms with wireless high-speed Internet access, premium cable, refrigerators, microwaves; a seasonal outdoor swimming pool and a fitness center. The property was acquired for an undisclosed price in an all-cash transaction. Anthony Falor of Hodges Ward Elliott brokered the transaction. The seller was not disclosed.
CHARLOTTE, N.C. — The Royston Group has brokered the sale of a 50,000-square-foot, single-tenant retail property in Charlotte. Situated on 5 acres, the property was built in 1994 and renovated in 2002. Best Buy signed a 20-year absolute triple net lease on the property in 2003. Rob Sutton and Greg Cortese of The Royston Group represented the undisclosed seller and the undisclosed buyer in the $8.5 million transaction.
MONTGOMERY, ALA. — CB Richard Ellis has arranged $8.1 million in financing for Sterling Centre in Montgomery. Built in 1988 and situated on 4.9 acres in the East Montgomery submarket, the property offers 101,014 square feet of Class A office space. The building is 100 percent occupied by tenants, including USDA, Synovus and NY Life. Kevin Troy of CBRE Debt & Equity.
HILLSBOROUGH, N.C. — Greensboro, N.C.-based Brantley Properties has acquired Patriot's Pointe Apartments in Hillsborough. Located at 100 Patriot's Point Dr., the 240-unit property sold for $16 million or $66,667 per unit. Built in 2005, the property totals 284,082 square feet on 27.55 acres of land. At the time of closing, the complex was 90 percent occupied. Curteis Calhoun of Grubb & Ellis|Thomas Linderman Graham represented the undisclosed seller.
POMPANO BEACH, FLA. — Michael Feingold, owner of Wristband Specialty Products, has acquired the Barr Wholesale Building at 1650 N.W. 33rd St. in Pompano Beach. The 19,095-square-foot industrial facility sold for $1.1 million. Richard Reicher of Uniweb Commercial represented the buyer; Jeffrey Scott of Brenner Real Estate Group represented the seller, Jeff and Lisa Barack of the Barack Family Real Estate Holding Group, in the transaction.
CHARLESTON, S.C. — NAI Avant represented the undisclosed seller disposition of the second and third floors of 270 King Street in downtown Charleston. The property was formerly The Masonic Lodge and Shahid's Department Store. Thomas Boulware of NAI Avant brokered the transaction, which was valued at $1.6 million.
CAMP SPRINGS, MD. — Fantini & Gorga has arranged $53.59 million in financing for the refinancing of MetroPlace at Town Center in Camp Springs. The multifamily property offers 397 units. The proceeds include a $46.84 million first mortgage and a $6.75 million mezzanine loan. Tim O'Donnell and Mark Whelan of Fantini & Gorga originated and placed the loan for the undisclosed borrower.
MANASSAS, VA. — NorthMarq Capital has arranged $27.5 million in permanent financing for Raven's Crest Apartments in Manassas. The garden-style apartment community offers 444 units. Gary McGlynn, Kenneth Gentzel and Frank Relihan of NorthMarq's Washington, D.C., office secured the loan through NorthMarq's relationship with a major pension fund.
MIAMI — Miami Valley Hospital has opened its new 484,000-square-foot Southeast Addition. The $150 million, 11-story tower features 178 patient rooms and a comprehensive heart center, including imaging services, cardiac testing, cardiac catheterization labs adn heart surgery suites. Additionally, the facility include future capacity for 72 private patient rooms, a new patient/visitor entry lobby, two levels of underground parking, overhead pedestrian connectors and a loading dock. The project was built by a joint venture of Skanska USA and Shook Construction. NBBJ, on behalf of Premier Health Partners, provided architectural services for the project.
