MYRTLE BEACH, S.C. — CW Capital has sold the 144-unit Campus Pointe student housing property to Preiss Co. for $6.18 million. The complex is located at 110 Chanticleer Village Dr., near the campus of Coastal Carolina University, in Myrtle Beach. Campus Pointe is currently 50 percent occupied. Jim Sewell and Steve Mack of Hilton Head, S.C.-based Coastal Apartment Advisors represented the seller.
NEW ORLEANS — The discount grocer Save-A-Lot has opened three stores in the New Orleans area at 1841 Almonaster, 2841 S. Claiborne and 3610 MacArthur. The company has hired 100 employees to staff the stores. Save-A-Lot already operates four stores in the area.
ST. AUGUSTINE, FLA. — Orlando, Fla.-based Keene Construction Co. has commenced construction of the 61,000-square-foot Shoppes at Mission Trace. The $6 million property is located at 955 State Road 16 in St. Augustine. Jacksonville, Fla.-based Hallmark Partners is developing the center, which is anchored by a 45,600-square-foot Publix. Orlando-based Cuhaci & Peterson designed the space. Delivery is slated for August.
RINCON, GA. — Bradley Gillis and Tom Knopp of Salisbury, Md.-based Sperry Van Ness – Miller Commercial Real Estate has represented both parties in the sale of a 12,000-square-foot CVS/pharmacy for $3.97 million. The newly constructed building spans 1.42 acres in a Wal-Mart Supercenter-anchored development in Rincon.
WESTON, FLA. — The local private investor Westin Holdings II has sold the 9,547-square-foot Weston Town Center Executive Suites property to Fort Lee, N.J.-based Roned Realty for $2.85 million. The property is located in the Weston Town Center in Weston. Michael Zimmerman and Barry Wolfe of Marcus & Millichap’s Fort Lauderdale, Fla., office represented the seller.
CHARLESTON, S.C. — Indianapolis-based Lauth has completed construction of the 390,180-square-foot North Pointe Building Four in Charleston’s North Pointe Industrial Park. The Class A warehouse is located 4 miles from the Port of Charleston and 5 miles from Interstate 26. Building amenities include 32-foot ceilings and 100 dock doors. North Pointe Four is the first of two new warehouses under construction in the park.
ATLANTA — Atlanta-based Kairos Development Corp. has delivered the 351,373-square-foot Astoria at The Aramore, the final phase to the mixed-use Aramore project. The residential complex spans 1.38 acres in Atlanta and features a pool, a heated spa, a fitness center and street-level retail. New York City-based Real Estate Capital Partners and Pittsburgh-based Flagstar Bank provided funding for the $36 million project.
TAMPA, FLA. — Atlanta-based InterContinental Hotels Group is nearly finished with its remodel of MHI Hospitality Corp.’s 222-unit Crowne Plaza Tampa Westshore, which should deliver early this month. The property is located at 5303 W. Kennedy Blvd. in Tampa. The hotel features a 24-hour business center, more than 9,000 square feet of meeting space, a pool and a restaurant.
ARLINGTON, VA. — Washington, D.C.-based Federal Capital Partners has acquired a $28 million senior secured mortgage loan on an Arlington residential project. A subsidiary of FCP Fund 1 purchased the loan. Federal Capital Partners will service the loan.
ESTERO, FLA. — Michigan-based Owen-Ames-Kimball has completed construction on a 9,388-square-foot office building for FineMark National Bank Trust at 10010 Coconut Rd. in Estero. The property, which was started in July 2008, features eight offices, five conference rooms and a two-story lobby. Dan McGahey, Ramon Acevedo, Ella Materska and Pat McGuire of Ft. Myers, Fla.-based Gora/McGahey Architects completed design services.