TAMPA AND BRANDON, FLA.; AND BILOXI, MISS. — Cushman & Wakefield’s Florida Apartment Brokerage Services has arranged the sale of three multifamily communities in the Southeast. The company has arranged the $21.13 million sale of two apartment communities in Tampa and Brandon to one buyer, Blackhawk Realty Advisors. Hidden Lake, which is located at 2701 W. Waters Ave. in Tampa, is a 199,860-square-foot facility featuring 267 one- and two-bedroom units. Amenities at Hidden Lake include two swimming pools, a racquetball court and a car-care center. Sun Lake, which is located at 1212 Askew Dr. in Brandon, is a 100,180-square-foot community featuring 88 one-, two- and three-bedroom apartments. The seller, Apartment Investment and Management Co., was represented by Byron Moger and Luis Elorza of Cushman &Wakefield. Additionally, on behalf of National Commercial Ventures, Moger and Elorza of Cushman & Wakefield have also arranged the $22 million sale of Oak Grove apartments located at 248 Debuys Rd. in Biloxi. The 274,568-square-foot community, which is situated 6 miles from Gulfport-Biloxi International Airport, includes 244 one-, two- and three-bedroom units. JL Real Ventures purchased the property that features a swimming pool, fitness center and covered parking.
Southeast
ATLANTA — The 307-unit Post Alexander apartment community, located at 3410 Alexander Rd. NE in Buckhead, recently opened. The five-story 396,728-square-foot facility is situated atop a two-level, 530-space parking garage. Amenities at the community include two courtyards, a pool and a grill area. Atlanta-based Cooper Carry designed the project for Post Properties. Interior features of the one-, two- and three-bedroom apartments include granite countertops, stainless steel appliances and hardwoods in select units. The cost of completion was not disclosed.
NAPLES, FLA. — Morris Southeast Group/CORFAC International has arranged the sale of a 110,000-square-foot industrial manufacturing facility within the Creekside Business Park in Naples. Arthrex of Naples has acquired the building, which is located at 1250 Creekside Parkway West, from United Kingdom-based Hellermann Tyton Corp. for $9.5 million. Situated on a 6.3-acre site, the building is the largest industrial manufacturing facility in Naples. Ken Morris of Morris Southeast Group/CORFAC International and James Southey of United Kingdom-based King Sturge — CORFAC International’s European strategic alliance partner — brokered the transaction.
BALTIMORE — Kenneth Gentzel of NorthMarq Capital’s Washington, D.C., office and Joseph Burke of the company’s Baltimore office have arranged $5.35 million in first mortgage financing for the acquisition of a 100,000-square-foot flex facility in Baltimore. Financing for the property, which is located at 5601 Metro Dr., was based on a 10-year term, with a 30-year amortization schedule. The loan was arranged by NorthMarq through its relationship with Woodmen of the World Life Insurance Society. The borrower was not disclosed.
BOCA RATON, FLA. — First Capital has signed a lease for 16,000 square feet of office space at the Boca Village Corporate Centre located south of the Congress Avenue and Yamato Road intersection in Boca Raton. Boca Village Corporate Centre is the city’s first LEED-certified office facility. Green features include water reduction fixtures, reflective roof material to minimize heat exposure and the use of recyclable materials during construction. First Capital, which will occupy most of the 5th floor at the facility, was represented by Alice Lucia of Jones Lang LaSalle; Thomas Holtz of Butters Realty & Management represented the landlord in the transaction.
FORT MYERS, FLA. — Fort Myers-based GCM Contracting Solutions has completed construction for Phase I of the Alico Business Park located on Lee Road in Fort Myers. Four building were constructed in the first phase, with three more being developed in subsequent phases. The seven-building community will total 130,800 square feet of space suitable for office, warehouse or industrial use. Each unit, which ranges from 1,500 to 20,000 square feet in size, has a minimum of four parking spaces with more than 300 spaces available for customer parking. Architect Richard E. Ditter designed the building; Greg Coleman served as the project manager.
MIAMI — TIAA-CREF is developing Kendall Town & Country Center, a 643,692-square-foot retail development located at 8505 Mills Dr. in Miami. Construction of the open-air center, which sits on a 72-acre, 5-pad site, is scheduled to begin this summer, with completion slated for summer 2009. Kendall Town & Country Center will feature a 289,580-square-foot open-air lifestyle center, as well as a 465,026-square-foot town center featuring entertainment, restaurants and specialty retail stores. Mike Longmore, Sig Arnesen, Chris Rehmet, Karen Sanzo and Cindy Stasie of Jones Lang LaSalle’s open-air retail team will be in charge of leasing the facility.
ATLANTA — Washington, D.C.-based Perseus Realty Partners, in conjunction with Atlanta-based Hathaway Properties, has plans to develop Ansley at Princeton Lakes, a multifamily community located in Atlanta. Perseus Realty Partners II LP, a diversified middle-market real estate investment fund, has made an equity investment of approximately $4.6 million for the development of this 306-unit Class A apartment community. Hathaway Properties will act as general contractor for the project, which has a total capitalization of approximately $29.7 million. The garden-style property will be located approximately 3 miles from Atlanta Hartsfield International Airport.
SAVANNAH, GA. — Carlson Hotels Worldwide has opened the brand’s 450th hotel, The County Inn & Suites by Carlson in Savannah. The 101-room Country Inn & Suites by Carlson in Savannah, which is owned by Tara of Savannah LLC, includes an indoor pool, a fitness center and a meeting room with a 70-person capacity. Other new openings include the 70-room Country Inn & Suites in Petersburg, Va., owned by Vraj Enterprise LLC, and the 60-room Country Inn & Suites in Tallahassee, Fla., owned by Avanti Hospitality. The Carlson hotel brands also include Regent Hotels & Resorts and Park Plaza Hotels & Resorts.
FORT MYERS, FLA. — Construction is underway for Southwest Florida Addiction Services, a detox and counseling center for patient with alcohol and drug dependency located at 3763 Evans Ave. in Fort Myers. Fort Myers-based Westcoast Structural Concrete Masonry has been retained to provide the concrete floors, sidewalks, dumpster enclosure and generator enclosure for the 38,000-square-foot building. Owen-Ames-Kimball is the general contractor for the project, which is slated for completion in August.