GOLDSBORO, GA. — Todd Crouse of NorthMarq Capital’s Raleigh office has arranged $19.9 million in first mortgage financing for the 288-unit Reserve at Bradbury Place, located at 560 West New Hope Rd. in Goldsboro. The loan was based on a 10-year term with a 30-year amortization schedule. Financing was secured through AmeriSphere, a Fannie Mae DUS Lender.
Southeast
LAKE WORTH, FLA. — Israel-based group PC Townhomes has purchased the 160-unit Palm Club Apartments for $7.8 million. Richard Tarquinio, Robert Given and Calum Weaver of CBRE’s Miami office marketed Palm Club for sale on behalf of a court-appointed receiver.
LAFAYETTE, LA. — Homewood Suites by Hilton has opened a four-story, 129-room hotel at 201 Kaliste Saloom Rd. in Lafayette. The property is owned by KS Hotel Associates and managed by Dimension Development Co. Homewood Suites by Hilton Lafayette-Airport offers studio, one- and two-bedroom suites and features a 24-hour on-site pantry, fitness center, outdoor pool with hot tub and gazebo, tennis court, 24-hour executive business center, outdoor grills and approximately 3,400 square feet of flexible meeting space.
JACKSONVILLE, FLA. — Michael Mele of Marcus & Millichap’s Tampa, Fla. office arranged the $1.25 million sale of the 52,800-square-foot, 546-unit Mandarin Mini Storage, a self-storage facility located at 10601 San Jose Blvd. in Jacksonville. The property is comprised of eight one-story buildings and 12 parking spaces. The units range from 50 to 200 square feet. Mele represented both the seller, a REIT, and the buyer, a California-based company.
STUART & FORT LAUDERDALE, FLA. — J. Raymond Construction has been contracted for two new Fresh Market stores in Stuart and Fort Lauderdale. The Stuart location will be at 2300 South East Ocean Blvd., and the Fort Lauderdale location will be at 424 North Federal Hwy. Each of the new stores will be approximately 30,000 square feet. The Stuart location is slated for completion in December 2011 and the Fort Lauderdale location is slated for January 2012. These are the 6th and 7th Fresh Market stores which J. Raymond has constructed.
ATLANTA — Phoenix-based Cole Real Estate Investments has purchased the 425,000-square-foot Camp Creek Marketplace, located at the intersection of Interstate 285 and Camp Creek Parkway in Atlanta, for $76.3 million. The center is currently 93 percent leased to tenants such as BJ's Wholesale Club, Marshalls, Ross Dress for Less, T.J. Maxx, Barnes & Noble, Staples, PetSmart, Old Navy and more. Eric Zimmerman and Miles Theodore of Eastdil Secured's Atlanta office represented the seller and the buyer was self-represented by Thomas Falatko.
FORT MYERS, FLA. — Boca Raton, Fla.-based Halvorsen Holdings has started construction on Phase I of the 70,000-square-foot Eagle Landing, located at the intersection of Bayshore and Slater Roads in Fort Myers. The first phase, which includes a 46,000-square-foot Publix and 12,200 square feet of small shop space, is scheduled to open in spring 2012.
MIAMI — HSBC Bank has sold two retail units at ICON Brickell in Miami for a combined total of $6.5 million to a New York-based private investor. The spaces are a 13,230-square-foot retail unit in the Northeast tower and an 11,393-square-foot unit in the Southeast tower. Fabio Faerman of Miami-based Fortune International Realty represented both parties in the transaction.
WINTER HAVEN, FLA. — Lakeland, Fla.-based Hauger-Bunch has negotiated the sale of a 44,160-square-foot property, located at 70 Florida Citrus Blvd. in Winter Haven, from Florida Citrus LLC to ITI Center for $1.2 million. The property will be used as a training facility for the International Training Institute for the Sheet Metal and Air Conditioning Industry. Lisa Parks of Hauger-Bunch represented the seller and David Bunch of the same firm represented the buyer.
NASHVILLE, TENN. — Atlanta-based ARA has expanded its operations to Nashville. This is the firm's 24th location. Scott Tyrone, formerly a Cassidy Turley multifamily division leader, heads the office, and the Atlanta team operates as an adjunct.