ARLINGTON, VA. — Holliday Fenoglio Fowler's (HFF) Washington, D.C. office has arranged a $100 million permanent loan for the future headquarters of Defense Advanced Research Projects Agency (DARPA) in Arlington. Located at 675 N. Randoplh St., the 13-story, 355,000-square-foot office project is the first phase of the 1.2 million-square-foot Founders Square mixed-use development. The Sooshan Company is handling the development of the facility, which is designed by RTKL. Completion is scheduled for 2012. Bill Asbill, Bob Donhauser and Dan McIntyre of HFF represented the borrower, Ashton Park Associates I, to secure the 15-year, fixed-rate loan from Prudential Mortgage Capital Co.
LAKE FOREST, ILL. — Lake Forest-based Green Courte Partners has acquired a portfolio of six age-restricted land-lease communities in central Florida. The nearly 100 percent portfolio contains more than 1,850 home sites. Green Courte has retained American Land Lease, a wholly owned subsidiary of its second fund Green Courte Real Estate Partners II, to manage the six communities. Terms of the transaction were not released.
MIAMI — Bert E. Broosky & Associates is developing Boulan South Beach, a luxury residential condominium building in Miami's South Beach. Located on Collins Avenue, the property will offer 52 one- and two-bedroom condominiums, 24-hour valet, concierge reception, a boutique lobby and commons areas, a meditation garden, a courtyard, a fitness center, a landscaped roof-top area with a pool, a Jacuzzi and cabana beds, and private beach services. The property, which is opening in January, was designed by Zyschovich Architects.
COLUMBIA, MD. — Chicago-based Romanek Properties, in partnership with Chicago-based Syndicated Equities, has purchased 7700 Montpelier Road in Columbia for $7.25 million. The single-story, 43,785-square-foot office building is fully leased to John Hopkins University. Jon Carpenter, Jay Wellschlager and Philip Iglehart of Cassidy Turley's Capital Markets Group represented the seller, CSG Partners, in the transaction.
NEWELL, W.V. — Beacon Hospitality has purchased the Holiday Inn Express in Newell for an undisclosed price. Built in 2005, the three-story property offers 69 rooms. The acquisition was funded via Quadrant Financial utilizing the USDA's B & I loan program. David Mumford, Ed James and Justin Pinkard of The Mumford Company represented the seller, Mountaineer Lodging, in the transaction.
TAMPA, FLA. — Tampa-based Hachem Investments has acquired the retail space at Skypoint Tampa, which is located in Tampa's River Arts District. The 9,907-square-foot space is fully leased to Taps, Five Guys, the Point, Kurdi's Fresh Mediterranean Grill and Pizza Fusion. Clay Witherspoon and Paul Royak of Lane Witherspoon & Carswell Commercial Real Estate Advisors negotiated the sale between the buyer and the seller, Skypoint, which is a partnership of Novare Group Holdings of Atlanta and investors in Tampa. Terms of the transaction were not released.
DAYTONA BEACH AND PANAMA CITY BEACH, FLA. — Cole Real Estate Investments has purchased two multi-tenant shopping centers in separate transactions totaling $47 million. Cole acquired the 228,139-square-foot Volusia Square in Daytona Beach from Retail Planning Corp. for $31 million. The center is 96 percent leased to tenants, including Hobby Lobby, HH Gregg, TJ Maxx, Dollar Tree, Bealls Outlet and Pier 1 Imports. The company also bought the 97,931-square-foot Breakfast Point Marketplace in Panama City Beach. The property is 99 percent leased to tenants, including Publix and Office Depot. Tom Falatko provided in-house representation for Cole in the Volusia Square transaction, while Brad Peterson of Holliday Fenoglio Fowler represented the undisclosed seller. Clint Marchuk provided in-house representation for Cole in the Breakfast Point transaction, with Chris Decoufle, Cliff Taylor and Kevin Reavey of CB Richard Ellis represented the undisclosed seller.
ATLANTA — Los Angeles-based Westwood Financial Corp. has acquired Main Street at Town Center in Atlanta. Located at 440 W. Earnest Barrett Parkway, the 113,615-square-foot shopping center is anchored by David's Bridal. Kris Cooper and Margaret Caldwell of Jones Lang LaSalle's Atlanta retail investment team brokered the transaction. The sales price was not released.
LITHONIA, GA. — Rich Products Corp. has acquired an 189,000-square-foot manufacturing facility at 2200 Lithonia Industrial Blvd. in Lithonia. Built in 1970 and expanded in 1980, the facility is used as a food manufacturing plant. Addison Meriwether and Travis Jackson of Cushman & Wakefield represented the buyer; Patrick Laughlin of Bullock Mannelly Partners represented the seller, CharterBank, in the transaction. The sales price was not released.
ORLANDO, FLA. — Lexin Nona LLC has purchased Nona Commons, a retail center at 10727 Narcoossee Road in Orlando. The property sold for $9 million. Built in 2008, the 59,205-square-foot property is occupied by Outback Steakhouse, Great Clips, Papa John's and Anytime Fitness. Bill Strauss, Dave Donnellan, Todd Weintraub, Dan Baker and Mike Millard of CB Richard Ellis represented the seller, Moss Parc Commercial, in the transaction.