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| August 16, 2012 |
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| VOESTALPINE TO BUILD $62M MANUFACTURING FACILITY |
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CARTERSVILLE, GA. — voestalpine Metal Forming plans to build a $62 million manufacturing facility at the 707-acre Highland 75 development, a master-planned industrial/corporate park located in Cartersville. The facility will be the first in the United States for the Australia-based company, and will create approximately 220 jobs. Highland 75 is a collaboration between Bartow County, the city of Cartersville and the Bartow-Cartersville Joint Development Authority.
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| WEINGARTEN BUYS D.C. SHOPPING CENTER FOR $54M |
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ROCKVILLE, MD. — Weingarten Realty Investors has acquired the 81,300-square-foot Pike Center, located at the intersection of Rockville Pike and Bou Avenue in Rockville, from JBG Cos. and JBG Rosenfeld Retail for $54 million. Tenants include Office Depot, Cici's Pizza, T.G.I. Friday's and a proposed Walmart.
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| FLA. OFFICE BUILDING SELLS FOR $2.2M |
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CORAL GABLES, FLA. — The 10,701-square-foot Minorca Executive Center, an office building located at 370 Minorca Ave. in Coral Gables, has sold for $2.2 million. Kirk Olson, Benjamin Silver and Drew Kristol of Marcus & Millichap's Miami office represented the seller, a Miami-based limited liability company, in the transaction.
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| GRANDBRIDGE SECURES $7.5M LOAN |
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DECATUR, GA. — Grandbridge Real Estate Capital has arranged $7.5 million in first mortgage financing for the 250-unit Valley Place Apartments, a garden-style multifamily property located in Decatur. Alan Tapie of Grandbridge secured the two-year, non-recourse loan with interest-only payments through NorthStar Realty Finance.
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| CAPITAL ADVISORS ARRANGES $4.35M LOAN |
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ORANGEBURG, S.C. — Capital Advisors has secured $4.35 million in refinancing for the 240-bed Campus Corner Apartments, a student housing community located at 1100-1200 Campus Drive in Orangeburg. The property serves South Carolina State University and Calflin University. Cooper Willis of Capital Advisors arranged the 10-year loan with a 25-year amortization schedule through Cantor Fitzgerald on behalf of Orangeburg Student Housing LLC.
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Southeast
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