WASHINGTON, D.C. — Tishman-AECOM will build the $16 million first phase of the U.S. Department of Homeland Security's new headquarters. The development will be located in Washington on the site of the former St. Elizabeths hospital campus. The first phase also includes a U.S. Coast Guard headquarters building, a parking structure and an 80-megawatt co-generation plant. The entire project, which will cost between $3 billion to $4 billion, will be complete by 2016.
MEMPHIS, TENN. — Cronheim Mortgage has secured a $10 million acquisition loan for the purchase of a 487,670-square-foot FedEx Supply Chain Services warehouse in Memphis. The property, which was built in 1994, is located at the intersection of U.S. Highway 78 and Tuggle Road. The 5-year loan carries a 6.25 percent interest rate and a 20-year amortization schedule. Cronheim's Andrew Stewart, Dev Morris and Patrick Haggerty arranged the loan.
MEMPHIS, TENN. — Peabody Place Hotel Co. has sold the 144-room Hampton Inn & Suites Memphis Beale Street to Fairwood Capital for an undisclosed amount. The 10-year-old property, which was renovated in 2007, is located at 175 Peabody Place in Memphis. The Memphis office of Wyatt, Tarrant & Combs represented Fairwood in the transaction.
SAVANNAH, GA. — American Hotel Development Partners has opened the 88-room Holiday Inn Express Inn & Suites Savannah in midtown Savannah. The property will be managed by Harris Hotel Group. The hotel, part of a worldwide brand relaunch by InterContinental Hotels Group, has replaced an old two-story Holiday Inn.
ROANOKE, VA. — Kroger LP has sold a 39,980-square-foot Kroger store to Branch Management Corp. for an undisclosed amount. The property is located on 4.82 acres at 3419 Orange Ave. in Roanoke. The buyer plans to redevelop and lease the store, which Kroger has occupied since 1984. Tommy Drew of S.L. Nusbaum Realty Co. represented Kroger in the transaction.
KENTUCKY, TENNESSEE AND VIRGINIA — NTS Realty Holdings LP has secured a $156 million refinancing loan for an eight-property multifamily portfolio in Kentucky, Tennessee, Virginia and Indiana. The Southeast properties include the 464-unit Park Place Apartments and the 310-unit Willows of Plainview in Lexington and Louisville, Ky., respectively; the 301-unit Grove Whitworth Apartments and the 292-unit Grove Richland Apartments in Nashville, Tenn.; and the 240-unit Grove Swift Creek Apartments in Midlothian, Va. Freddie Mac financed the 10-year loan, which carries a 5.4 percent interest rate. Matthew Schoenfeldt of Holliday Fenoglio Fowler's Chicago office secured the loan.
KISSIMMEE, FLA. — Turner Construction Co. has completed the 171,838-square-foot Westside K-8 School, located at 2551 Westside Blvd. in Kissimmee. The two-building, $24.4 million project includes a gym, an art and music suite, and a career wing. Orlando, Fla.-based SchenkelShultz Architecture designed the development.
FORT MYERS, FLA. — Vanderbilt Bay Construction will start work this fall on Park Regency at The Forum, a 120,000-square-foot senior facility, for Senior Care of Southwest Florida Development. The property will be located near the interchange of Colonial Boulevard and Interstate 75 in Fort Myers. Gora/McGahey Architects designed the project, which features a two-story assisted living area, a one-story Alzheimer's wing and a three-story independent living building.
CAMBRIDGE, MD. — GKD-USA has purchased the 65,705-square-foot Regina USA manufacturing facility from an undisclosed party for an undisclosed price. Located at 824 Chesapeake Drive in Cambridge, the property sits on 5.64 acres of land in the Chesapeake Industrial Park. Henry Hanna and Wesley Cox of Sperry Van Ness-Miller Commercial Real Estate brokered the sale.
WINSTON-SALEM, N.C. — Greensboro, N.C.-based Wedgewood Partnership has sold the 137-unit Cedar Woods Apartments to BCBB for $1.6 million. The property is located at 1618-1620 W. First St. in Winston-Salem. Ellen Moore of Winston-Salem-based Coldwell Banker Commercial Realtors represented the seller. Rod Hatcher of Miller-Hatcher Commercial Real Estate in Winston-Salem represented the buyer.