LONGWOOD, FLA. — NTS Development Co. has borrowed two loans totaling nearly $25 million for apartment complexes in Longwood. The firm took out a $14.63 million loan for its 195-unit Golf Brook Apartments, located at 385 Golf Brook Circle. The 162-unit Sabal Park Apartments received a $9.6 million loan. Golf Brook is currently 92.3 percent leased, and Sabal Park is 90.7 percent leased. Both complexes include fitness centers and swimming pools. Matthew Schoenfeldt of Holliday Fenoglio Fowler’s Chicago office and Elliott Throne of the firm’s Coral Gables, Fla., office secured the loan.
TAMPA, FLA. — Robert Hernandez of NorthMarq Capital’s Tampa office has arranged a $21 million construction loan for Sutton Properties. The loan is being used to expand Sutton’s original 141,376-square-foot building to a total of 281,458 square feet for manufacturing and office space. The property is fully occupied by DRS Optronics Financing was based an 18-month interest-only term followed by a 42-month extension amortized on a 15-year schedule.
ARLINGTON, VA. — The board of Arlington County has signed a 144,740-square-foot lease with Foulger-Pratt Development for space in Sequoia Plaza One. The county leased 97 percent of the building, which is located at 2100 Washington Blvd. in Arlington. Included in the 10-year lease is an option to expand into the entire three-building Sequoia Plaza office park. Foulger-Pratt has also added base-building upgrades in order to qualify the space for LEED EB certification. Mark Roberts of Washington, D.C.-based Studley represented the tenant, and Cushman & Wakefield represented Fougler-Pratt.
COLUMBUS, GA. — West Point, Ga.-based Batson-Cook Co. has completed the 170,000-square-foot National Infantry Museum in Columbus for the National Infantry Foundation. The $91 million development follows the evolution of the infantryman from the Revolutionary War to modern conflicts. More than 500 employees worked on the project.
PELHAM, ALA. — Owens & Minor Distribution has signed a lease renewal with an undisclosed landlord for 80,450 square feet of warehouse space at the Cahaba Valley Business Park. The property is located on Cahaba Valley Road in Pelham. Brad Moffatt and Stuart Brock of Birmingham, Ala.-based EGS Commercial Real Estate represented the landlord.
HYATTSVILLE, MD. — Equity Residential has opened its latest luxury apartment property, Mosaic at Metro, a transit-oriented development located at 6210 Belcrest Rd. in Hyattsville. The complex, which sits next to a Metro station, is more than 70 percent leased. Amenities include a game room, business and fitness centers and swimming pools.
COLUMBIA, MD. — NorthMarq Capital has arranged a $51.4 million loan for the 531-unit Columbia Town Center. Located in Columbia, the multifamily property is owned by a fund controlled by ING Clarion Partners. AmeriSphere Multifamily Finance, a Fannie Mae DUS lender, financed the 10-year loan. Frank Relihan, Kenneth Gentzel, and Gary McGlynn of NorthMarq Capital’s Washington, D.C., office arranged the loan.
FORT LAUDERDALE, FLA. — Fort Lauderdale-based Miller Construction Co. has completed a 71,600-square-foot headquarters building for WPLG-TV, an ABC affiliate known locally as Channel 10. The facility is located on Hallandale Beach Boulevard in Fort Lauderdale. The property includes two studios, a satellite tower and administrative and data storage areas. The station can now broadcast from its studio and the field in digital high definition.
WYTHEVILLE, VA. — Roanoke, Va.-based Tri-Strength has purchased a 72-room Econo Lodge in Wytheville from affiliates of Allen Management for an undisclosed amount. Tri-Strength is planning to renovate the hotel before rebranding it as a Knights Inn. Ed James, David Mumford and Justin Pinkard of Mumford Co. represented the seller.
NASHVILLE, TENN. — Alcoa Electrical & Electronic Solutions has sold a 50,700-square-foot warehouse to D&P Lights & Wiring Systems for $1.3 million. The property is located at 900 N. 63rd Ave. in Nashville. David McGahren, Doug Howard and John Ward of Colliers Turley Martin Tucker’s Nashville office represented the seller.