ATLANTA—Colombia Property Trust elected Constance B. Moore as a member of the board of directors, will brings the board's membership to 11 directors, 10 of whom are independent. Moore has more than 40 years of experience in the real estate industry. She served as president and CEO of BRE Properties, a former public REIT, from 2005 until the completion of its merger with Essex Property Trust in 2014, and served as a member of BRE's board of directors from 2002 until 2014. Previously, she was the managing director of Security Capital Group & Affiliates, where, from 1993 to 2002, she held several executive positions, including co-chairman and COO of Archstone Communities Trust, also a public REIT. She held the same position at Security Capital Atlantic, a predecessor of Archstone, playing an instrumental role in its initial public offering.

DEAL TRACKER

DUNWOODY, GA—Hotel Development Partners just opened the 127-suite Residence Inn by Marriott Atlanta Perimeter Center Dunwoody. The hotel operates as a Marriott franchise, owned by Hotel Development Partners and managed by Hotel Equities. Joe Fallis serves as the general manager and Susan Zuppardo is the director of sales. The hotel marks the third property owned by HDP and managed by Hotel Equities in the vibrant, upscale Atlanta Perimeter Center market. The other properties are the Hampton Inn & Suites by Hilton Atlanta Perimeter Dunwoody and the Fairfield Inn & Suites by Marriott Perimeter Center.

BIRMINGHAM—HFF brokered the sale of and acquisition financing for Vestavia Hills City Center, a 391,899-square-foot, Publix-anchored community center in the affluent Vestavia Hills suburb of Birmingham. The HFF team marketed the property on behalf of the seller, ShopCore Properties. Katz Properties, LLC purchased the asset free and clear of existing debt. Additionally, working on behalf of the new owner, the HFF team placed the seven-year, fixed-rate acquisition loan with a correspondent life company. Vestavia Hills City Center was constructed in three phases plus two pad sites completed between 1954 and 2003 and is a destination for shoppers throughout the region.

LOUISVILLE, KY—Sands Investment Group announced the net lease sale of a 2,700-square-foot Panda Express located at 13311 Shelbyville Road in Louisville. The seller was represented by Daniel Hoogesteger and Andy Chana of the Santa Monica office of SIG in the $2.556 million net lease sale. The property is a single tenant absolute triple net ground lease. Located within the Middletown Commons shopping center, the property is the newest and latest prototype design and drive-thru building for Panda Express.

MOBILE, AL—Cushman & Wakefield's Southeast Multifamily Advisory Group arranged the $21 million sale of Woodside, a 240-unit apartment community located in Mobile, AL. Jimmy Adams and Josh Jacobs of Cushman & Wakefield represented the seller, Equity Research Partners, in the transaction. Hamilton Point Investments acquired the property. Built in 2012, Woodside boasts Class A features and amenities. The asset is at the forefront of key Mobile job drivers, such as The Mobile Aeroplex and upcoming Amazon/Walmart developments (more than 1,550 jobs combined). Amenities include a pool with sundeck, clubhouse, fitness studio, dog park, business center and laundry facility.

BUILDING BLOCKS

NEW ORLEANS—DXC Technology will establish a 2,000-job Digital Transformation Center in the heart of New Orleans. The project will create more permanent direct jobs at one site than any prior economic development deal in Louisiana. The arrival of DXC Technology, formed in April 2017 by the merger of CSC and the Enterprise Services Division of Hewlett Packard Enterprise, cements Louisiana's position as one of the fastest-growing software and IT destinations in the US, following major projects by EA, CenturyLink, IBM, CSRA, CGI, GE Digital and others in the past decade.