LAUREL, MD-Chesapeake Education Services, LLC, a public charter school, has acquired the one-story office building at 6151 Chevy Chase Drive here for approximately $5.6 million from Exeter Property Group.

PHILADELPHIA-Hotelier Hersha Hospitality Trust reports it has closed on a new $500-million senior unsecured credit facility with a group of lenders.

QUAKERTOWN, PA-A partnership of investment firm Ayer Capital Advisors of Port Washington, NY and hotel owner and management company The Wankawala Organization of Philadelphia has acquired the Holiday Inn Express & Suites Hotel here.

ATLANTA—Commercial real estate development and investment firm KDC reports it has expanded its operations here with the hiring of industry veterans Jim George and Robert Maddux.

DEERFIELD BEACH, FL—The multi-tenanted Shoppes at Independence Bay at 1101 South Powerline Road here has been sold for $3.13 million.

NEW YORK CITY-Cushman & Wakefield's Chief Economist Ken McCarthy says the U.S. economy is on track for the best year of growth in the ongoing recovery.

NEW YORK CITY-Commercial real estate veteran Peter Simel has joined Colliers International's New York City office as a managing director.

WARWICK, NY—A Local Development Corporation created by officials of the Town of Warwick was literally handed the keys to the 730-acre former Mid-Orange Correctional Facility here and will now begin marketing a portion of the complex for industrial, high-tech and office uses.