WILLIAMSBURG, VA. — Henry S. Branscome LLC has acquired a 20,000-square-foot office building from Wather-Thomas Family Development of New Town LLC for $2.41 million. The property is located at 5372 Discovery Park Blvd. in Williamsbug. Dawn Griggs of Thalhimer’s Newport News, Va., office brokered the sale.
Southeast
RICHMOND, VA. — Two former Circuit City locations in Richmond have been leased to hhgregg by undisclosed landlords. The tenant will move into a 43,505-square-foot store in the Chesterfield Towne Center, which is located on Huguenot Road. hhgregg will also occupy 34,575 square feet of space at Short Pump Town Center, which is located on West Broad Street. David Smith of Thalhimer’s Richmond office represented hhgregg.
OXON HILL AND LAUREL, MD. — Bill Libercci of NorthMarq Capital’s Baltimore office has arranged $4.3 million in financing for two self-storage facilities. An 811-unit U-Store property in Oxon Hill received $2.2 million, and a 777-unit store in Laurel received $2.1 million. Advantus Capital Management funded the loans.
ALEXANDRIA AND LEESVILLE, LA. — Dallas-based Paul Darden Co. has acquired a four-property self-self storage portfolio from a private seller for an undisclosed amount. The buildings, which total 163,000 square feet and encompass 1,500 storage units, are located in Alexandria and Leesville. Together, the properties are more than 90 percent occupied. Jerry Rhodes, an associate of Paul Darden Co., represented the seller. Acquisition financing was arranged by Dana Deason of Longview, Texas-based Deason Financial Group.
TAYLORSVILLE, KY. — Carter Realty has purchased the 36,150-square-foot Settler’s Center retail development from an undisclosed party for $2 million. The property is spread across 5.46 acres of land on Settlers Center Road in Taylorsville. John Hoagland and John Rulketter of Louisville, Ky.-based Hoagland Commercial Realtors represented the buyer.
LOUISVILLE, KY. — St. Louis-based Charter Communications has signed a 99,923-square-foot lease renewal with Faulkner Real Estate for space in Ormsby Park Place. The 170,000-square-foot office building is located at 10300 Ormsby Park Place in Louisville. Faulkner Real Estate was represented in house by Jeff Ellison. Christopher Wood of UGL Equis’ Chicago office, Tim Stewart of the firm’s Cincinnati office and Brenda Lewis of the firm’s Greenwood Village, Colo., office represented the tenant.
LILLINGTON, N.C. — Dave Keller of Holliday Fenoglio Fowler’s Indianapolis office arranged a loan for the 82-unit Campus Habitat 9 student housing complex. The property is located adjacent to the Campbell University campus at 25 Landis Lane in Lillington. Coastal Federal Credit Union funded the 5-year loan, which carries a 7 percent interest rate. Campus Habitat, which can house 224 students, features a gaming room and a fitness center.
MEMPHIS, TENN. — Bill Jones of Love Funding’s New York City office has arranged more than $6.54 million in loans for two Memphis apartment complexes. The 171-unit Breezy Point Apartments has received $3.69 million, and the 138-unit Rolling Hills Apartments has received $2.85 million. The loans carry a 5.02 percent fixed interest rate and were funded through the HUD 207/223(f) program.
HOUMA, LA. — K Partners Hospitality Group of San Antonio has begun construction on the 144-room Courtyard by Marriott Houma. The $22 million development will be located adjacent to the 100,000-square-foot Houma Civic Center. Hotel features include 7,000 square feet of meeting space, a swimming pool, an exercise room and a business center.
ORLANDO, FLA. — Shelton Granade and Luke Wickham of CB Richard Ellis’ Orlando office have represented an undisclosed party in the sale of the 212-unit Promenade Crossing to a private buyer for an undisclosed amount. The Orlando apartment was built in 1997 and is 95 percent occupied.