SANDY SPRINGS, GA. — Mickey Rist of Love Funding's Detroit office and Bruce Gerhart of the firm's Cleveland office have secured a $7.95 million loan for the Dogwood Forest of Dunwoody. The 86-bed assisted living facility is located at 7400 Peachtree Dunwoody Road in Sandy Springs. Amenities include walking paths, an exercise room, activity rooms and a barber shop. The refinancing was secured through the HUD 232/223(f) program. The loan carries a 5.35 percent interest rate and a 35-year amortization schedule.
BALTIMORE — The Mullan Contracting Co. has completed a $3 million expansion of the Harford County Public Library's Whiteford Branch. The property, located at 2407 Whiteford Road in Baltimore, is now 13,278 square feet, twice its original size. New features include a 1,000-square-foot meeting room, a children's play theater, a storm water management system and a new HVAC system. Bel Air, Md.-based Edmeades & Stromdahl. Ltd. designed the project, which took 1 year to complete.
GAMBRILLS, MD. — Chevy Chase, Md.-based JBG Rosenfeld Retail, JBG's funds VI and VII, and Bethesda, Md.-based Buvermo Investments have purchased the 390,000-square-foot Village at Waugh Chapel from clients advised by Prudential Real Estate Investors for an undisclosed amount. The property, located at the intersection of Crain Highway and Waugh Chapel Road, is 96 percent leased. Tenants include Safeway, L.A. Fitness, Rite Aid, Applebee's and Cold Stone Creamery. Bill Kent and Gary Lawrence of CB Richard Ellis represented the sellers. Northwestern Mutual Life Insurance Co. provided financing for the purchase.
PASCO COUNTY, FLA. — Hawkins Construction is gearing up for a groundbreaking for the 110,000-square-foot Hays Towne Center, a shopping center located at the intersection of State Road 52 and Hays Road in Pasco County. The Tampa office of Lyman Davidson Dooley designed the project. Publix will anchor the center, which will also house Great Clips, Spa 1 Nails, Penthouse Cleaners and Hawkeye Pizza. Hays Towne Center is being developed by Haysvest LLC, which is comprised of DCT Systems Group, Shuler Properties and Dunphy Properties.
WARM SPRINGS, GA. — Batson-Cook and Cooper Carry are planning a 72,000-square-foot residence hall at The Roosevelt Warm Springs Institute for Rehabilitation in Warm Springs. When completed, the project will house 150 beds for patients with disabilities in 72 rooms. Additional features include classrooms, a café, lounges, a nurse's station and a library.
WOODSTOCK, GA. — McWhirter Realty Partners began construction February 1 on a 33,000-square-foot office building for Pinnacle Orthopaedics. The $7 million property is located on a 4-acre site on Towne Lake Parkway in Woodstock. Building features include an MRI suite, clinic space and an ambulatory surgery center. Delivery is expected this fall.
ATLANTA — St. Louis-based PGAV Destinations has finished designing a $110 million expansion for the Georgia Aquarium. Located at 225 Baker St. NW in Atlanta, the 84,000-square-foot expansion will house a 1.8-million gallon dolphin tank. The dolphin exhibit is expected to open in November.
TAMARAC, FLA. — Coral Vista Investors has received $23.19 million in financing for the acquisition of the 300-unit Archstone Gardens apartment complex. The Tamarac property features a swimming pool, a car wash area and a tennis court. Freddie Mac financed the 10-year loan, which carries a fixed interest rate and a 30-year amortization schedule. Charles Foschini, Christian Lee and Christopher Apone of CB Richard Ellis Capital Markets' Miami office secured the loan.
DUBLIN, VA. — Supertel Hospitality has sold a 99-unit Comfort Inn to Vrindavan Hospitality for an undisclosed amount. The Dublin hotel is located on more than 8 acres of land and features an on-site restaurant. A West Virginia community bank provided financing to the buyer, who plans on renovating the property. David Mumford and Ed James of Newport News, Va.-based The Mumford Co. represented the seller. During the past 10 years, Mumford Co. has represented Supertel in more than 30 transactions.
HENRICO COUNTY, VA. — Three Way Logistics has signed a lease with an undisclosed landlord for 85,417 square feet of warehouse space at Interport Business Center. The property is located at 4810 Eubank Road in Henrico County. Thalhimer's Evan Magrill, N. Dean Meyer and Dawn Calabrese brokered the transaction.