North Carolina

Spandrel, 7G Group to Add W Hotel as Anchor for Uptown Charlotte Tower Redevelopment

by John Nelson September 10, 2026

CHARLOTTE, N.C. — A partnership between Spandrel Development Partners and 7G Group has announced plans to add a 200-room W Hotel to 400 South Tryon, a redevelopment of a 1970s-era office tower in Uptown Charlotte. The new hotel will be situated on the first nine floors of the tower, along with an 18,000-square-foot rooftop bar on the 34th floor. Other components of the tower include 399 unbranded apartments, residential amenities and an existing 517-space parking garage. The W Charlotte will offer 173 guest rooms, 27 suites (including a penthouse), 12,000 square feet of meeting space, a ground-floor restaurant and coffee bar and a ballroom with pre-function space. The design-build team for the new hotel includes Rockwell Group, LS3P and CetraRuddy. The timeline for the hotel’s opening was not released.

September 10, 2026

Development Industrial North Carolina Southeast

Davis Cos., Intersect to Develop 462,000 SF Industrial Facility in Gastonia, North Carolina

by John Nelson September 9, 2026

GASTONIA, N.C. — A joint venture between The Davis Cos. and Intersect Development Group has plans to develop a 462,000-square-foot industrial facility located at 2550 Jenkins Dairy Road in Gastonia, a western suburb of Charlotte along I-85. The cross-dock building, which can accommodate logistics or manufacturing users, will feature 40-foot clear heights, 100 dock doors, 215 trailer parking spaces, 328 auto parking spaces, ESFR sprinkler system and a secured truck court. Davis and Intersect plan to deliver the project in January 2027.

September 9, 2026

Acquisitions Development North Carolina Office Southeast

Nonprofit Acquires Two Raleigh Office Buildings for Future Schools, Headquarters

by John Nelson September 8, 2026

RALEIGH, N.C. — Frankie Lemmon School and Foundation has acquired two office buildings located at 4401 and 4501 Atlantic Ave. in Raleigh. The 114,781-square-foot campus will serve as the nonprofit’s future home and will house the Frankie Lemmon School and Lemmon Tree Academy. The campus will include purpose-built classrooms, therapy rooms, sensory spaces, family support areas and community gathering spaces, with the capacity to serve 230 students. The organization plans to begin construction on its new Raleigh home next year and open its preschool and grade school in 2028. Clayton Collins, Chandler Hawkins and Harrison Benson of CBRE represented Frankie Lemmon School and Foundation in the acquisition. Jane Doggett and Patrick Blackley of Foundry Commercial represented the undisclosed seller.

September 8, 2026

Acquisitions Build-to-Rent Development North Carolina Southeast

HMF Americana Acquires Land from Harris Teeter in Metro Charlotte, Plans Build-to-Rent Development

by Abby Cox September 4, 2026

CHARLOTTE, N.C. — HMF Americana, a “hybrid home” development firm, has acquired a development site in metro Charlotte from locally based grocer Harris Teeter with plans to develop a 221-unit build-to-rent residential community. Situated between Stallings and Weddington, N.C., the development will include cottage-style rental homes, along with a portion of homes that will be reserved for residents age 55 and older. The project will also feature approximately 10,000 square feet of multi-tenant commercial space, with additional land available for future expansion. Dowell Finch of New South Properties is leading commercial leasing efforts at the property. Site work is expected to begin next month, followed by vertical construction in the first quarter of 2027. Initial resident move-ins are expected to begin in the third quarter of 2027.

September 4, 2026

Leasing Activity North Carolina Office Southeast

Accesso Signs Piedmont Health Services to 24,000 SF Office Lease in Durham

by John Nelson September 3, 2026

DURHAM, N.C. — Accesso has signed a 24,000-square-foot lease with Piedmont Health Services, a North Carolina-based nonprofit healthcare system, in Durham. The tenant will occupy two spaces within two different buildings at Meridian Business Park, a 10-building office park. The lease term for both suites is nearly 11 years and will establish the organization’s long-term administrative headquarters, as well as flex space to warehouse equipment for Piedmont Health’s clinics and facilities across 14 North Carolina counties. Issac Brown and Doug Brock of Newmark represented Piedmont Health in the lease negotiations, and Brad Corsmeier and Brian Carr of CBRE represented Accesso. The owner also recently secured a loan modification for its mortgage at Meridian Business Park, which includes capital reserves to fund property improvements, renovations and spec suite development.

September 3, 2026

Development Multifamily North Carolina Southeast

Ram Realty Delivers 310-Unit Apartment Community in Durham

by John Nelson September 2, 2026

DURHAM, N.C. — Ram Realty Advisors has delivered Wye Junction, a 310-unit apartment community located at 701 Washington St. in Durham. Designed by Cline, the 5.2-acre multifamily project is an adaptive reuse of the former Erwin Oil site that dates back to 1937. The North Carolina-based architectural firm included elements of the former oil distribution facility into the design, including repurposed oil tankers and train trestles. Wye Junction features more than 7,000 square feet of retail space, a pedestrian plaza and rooftop amenities. Apartments come in one-, two- and three-bedroom layouts, and monthly rental rates range from $1,625 to $4,650, according to Apartments.com. The design-build team included general contractor Thomas Construction Group.

September 2, 2026

Acquisitions Alabama Florida Georgia Industrial North Carolina South Carolina Southeast

JLL Arranges Sale of 10.5 MSF Southeast Industrial Portfolio for EQT Real Estate

by John Nelson September 1, 2026

CHICAGO — JLL has arranged the sale of a 10.5 million-square-foot industrial portfolio in the Southeast. EQT Real Estate is selling the 46-building portfolio to an affiliate of California-based LBA Realty for an undisclosed price. John Huguenard, Trent Agnew, Will McCormack and Tara Hagerty of JLL represented the seller in the transaction. Additionally, Kevin MacKenzie, Peter Thompson, Steven Klein and Chris Pratt of JLL arranged an undisclosed amount of acquisition financing through two national banks for the buyer. The sold portfolio features properties in 10 separate markets, including Charlotte and Greensboro, N.C.; Greenville-Spartanburg, S.C.; Atlanta and Savannah, Ga.; Tampa, Orlando and Jacksonville, Fla.; and Birmingham and Huntsville, Ala. The logistics facilities in the portfolio average 230,000 square feet in size, according to JLL.

September 1, 2026

Development Industrial North Carolina Southeast

Beacon Partners Breaks Ground on 1.5 MSF Manufacturing, Logistics Park in West Charlotte

by Abby Cox August 31, 2026

CHARLOTTE, N.C. — Beacon Partners has broken ground on Rapid Commerce Park, a planned 1.5 million-square-foot manufacturing and logistics park located in west Charlotte. The initial phase will include three buildings at the intersection of Rhyne and Mount Holly roads. The buildings will be 70,825 square feet, 74,722 square feet and 264,490 square feet. Completion is slated for the fourth quarter of 2027. The project team includes general contractors Edifice Construction and Choate Construction, civil engineer Orsborn Design Group and architect WGM Design.

August 31, 2026

Acquisitions Multifamily North Carolina Southeast

JLL Arranges Sale of 252-Unit Multifamily Community in Raleigh

by Abby Cox August 28, 2026

RALEIGH, N.C. — JLL Capital Markets has arranged the sale of Milo, a 252-unit apartment community located at 821 Hanbury Way in Raleigh. John Mikels, John Gavigan, Chase Monroe, William Martin and McCullough Campbell of JLL represented the seller, Charleston-based Greystar, in the transaction. The buyer was an entity doing business as Milo Apartments LLC. The sales price was not disclosed. Completed in 2024, Milo comprises eight three-story residential buildings housing a mix of one-, two- and three-bedroom floorplans. Amenities at the garden-style complex include a swimming pool and sundeck, poolside cabanas, yoga lawn, coworking hub, fitness center, cardio and cycle studio, outdoor grill/kitchen, dog park, community garden, resident lounge and a clubhouse.

August 28, 2026

Development Industrial North Carolina Southeast

Merritt Properties Breaks Ground on 150-Acre Industrial Park Near Raleigh-Durham Airport

by John Nelson August 27, 2026

MORRISVILLE, N.C. — Merritt Properties has broken ground on the first phase of RDU Business Park, a 150-acre light industrial development located at 2040-2060 Seagirt Ave. in Morrisville, about three miles from Raleigh-Durham International Airport. The project will be situated in the jurisdiction of the city of Cary, N.C. Phase I, which is set for completion in late 2027, will span 31 acres and comprise three single-story buildings totaling 201,250 square feet. All three buildings will include 18- or 24-foot clear heights, rear-loading docks, drive-in capabilities, 30- and 40-foot column spacing and surface parking. Two buildings will share a 150-foot truck court, while the third will feature a dedicated 110-foot truck court. At full build-out, RDU Business Park will comprise 13 single-story buildings spanning 790,527 square feet. Merritt Properties is handling the leasing assignment at the park internally.

August 27, 2026

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