CHARLOTTE, N.C. — Comstock Holding Cos. has entered into a purchase agreement to acquire The Ascher, a 672-unit apartment property in Uptown Charlotte. The current owner and sales price were not released. Built in 2016, The Ascher comprises two 24-story towers housing studio, one-, two- and three-bedroom apartments. Amenities include 13,000 square feet of ground-floor retail space, a controlled-access parking garage with 900 spaces and a shared rooftop courtyard on the sixth level with pickleball courts, a fenced dog park, putting green, grilling area and café seating. Each tower also features its own clubhouse, rooftop pool, sky terrace and fitness center. Under the purchase agreement, Comstock and an unnamed institutional partner have completed transaction due diligence for The Ascher and entered into an expense sharing agreement, with each party covering transaction expenses on a pari passu basis (i.e. equal footing).
CHARLOTTE, N.C. — A joint venture between Lincoln Property Co., Vision Ventures and Hornets Sports & Entertainment has acquired Queen City Quarter, a 302,324-square-foot, four-level mixed-use destination in Uptown Charlotte. Formerly known as EpiCentre, the property spans 3.2 acres at 210 E. Trade St., which sits directly between the Charlotte Convention Center and Spectrum Center, home arena of the NBA’s Charlotte Hornets. Hornets Sports & Entertainment owns the team and operates Spectrum Center. Vision Ventures owned Queen City Quarter from 2010 to 2015. Patrick Gildea, Matt Smith, Adam Russ and Erin Varol of CBRE’s Charlotte office brokered the transaction. The property originally opened in 2008 and features restaurants, shops, offices and entertainment venues but has been in decline in terms of occupancy and traffic in recent years. CBRE took the then-known EpiCentre out of receivership in 2021 and announced it was leading the redevelopment and rebranding of the property to Queen City Quarter in 2022. The joint venture will evaluate opportunities to reposition the asset to “better serve the surrounding community and evolving needs of Uptown Charlotte.” According to Queen City Quarter’s property website and social media accounts, current tenants include Lucky Strike, Fleming’s Steakhouse, Insomnia Cookies, Kitchen + Kocktails, …
APEX, N.C. — High Street Residential, the residential subsidiary of Trammell Crow Co., has delivered The Henley, a 370-unit apartment community located at 1211 Chapel Ridge Road in Apex, a suburb of Raleigh. The 22-acre property offers a mix of studio, one-, two- and three-bedroom apartments ranging in size from 580 to 1,361 square feet, with 13 units reserved for households earning 60 percent of the area median income (AMI). Monthly rental rates range from $1,325 to $2,445, according to Apartments.com. Amenities include a fitness center with a yoga studio, clubhouse, coworking space, resort-style pool, dog park and spa, reservable private dining room with a demonstration kitchen, community bike share program with smart e-bikes, EV charging stations and connectivity to the North Beavercreek Greenway. The design-build team includes Rule Joy Trammell+ Rubio (architect) and L.F. Jennings (general contractor). Greystar is managing The Henley on behalf of High Street.
RALEIGH, N.C. — A partnership between national health club chain Life Time (NYSE: LTH) and locally based development firm Dewitt Carolinas has broken ground on Life Time Living at The Exchange Raleigh, a luxury multifamily tower anchored by an 80,000-square-foot Life Time athletic club and a 40,000-square-foot rooftop beach club. The companies plan to invest more than $200 million into the 20-story tower, according to Triangle Business Journal. The residential project represents Phase II of The Exchange Raleigh, a $1 billion, 40-acre master-planned mixed-use development in the state capital’s Midtown neighborhood. The development team, along with construction manager Consigli Construction, is aiming for both NGBS Green and Fitwel certifications for the project, which is set to deliver in fourth-quarter 2028. “By bringing Life Time’s incredible athletic country club and luxury living model to our community, we are delivering on our promise to make Midtown Raleigh a destination unlike any other,” says Todd Saieed, CEO of Dewitt Carolinas. Life Time Living at The Exchange Raleigh will offer 289 luxury apartments ranging in size from 610 to 2,040 square feet. Units will come equipped with blackout curtains , walk-in closets, work-from-home space and stainless steel kitchen appliances. The Life Time athletic club …
CHARLOTTE, N.C. — CBRE has arranged an $81 million construction loan for Sutherland at Piper Glen, a 299-unit apartment development located at 9621 Elm Lane in Charlotte’s Piper Glen neighborhood. Nate Sittema, Kristen Reilley and Elliott Voreis of CBRE’s Debt & Structured Finance team arranged the financing through Western-Southern Life Insurance Co. on behalf of the borrower, a consortium of investors led by the developer, RK Investors. The community will feature four five-story apartment buildings atop structured parking. Planned amenities include a fitness center, bike storage, coworking spaces, golf simulator, game room, swimming pool, fire pit, grilling areas, pet wash station and a coffee bar. The development team plans to launch leasing for Sutherland at Piper Glen next fall, with first units scheduled for delivery in March 2028. The property will be the multifamily component of Greenway at Piper Glen, a master-planned development by RK Investors.
HOPE MILLS, N.C. — Atlantic Capital Partners has brokered the sale of Hope Mills Crossing, a 53,204-square-foot shopping center located in Hope Mills, roughly five miles south of Fayetteville. The property sold for more than $7 million, according to Atlantic Capital. David Hoppe, Eric Suffoletto, Jordan Gomez, Mike Lucier, Ben Olmstead and Kendra Doherty of Atlantic Capital represented the undisclosed seller in the transaction. The buyer requested anonymity. Recently renovated in 2025, Hope Mills Crossing is anchored by a newly opened Planet Fitness. Additional tenants at the center include a mix of medical, financial, government and service-oriented retail businesses. The property was 95 percent leased at the time of sale.
MIAMI — Adler Real Estate Partners has received a $212.8 million loan for the refinancing of an eight-property industrial portfolio spanning several states in the Southeast and Texas. Together, the properties total 43 buildings and roughly 1.6 million square feet in Alabama, Florida, Maryland, North Carolina and Texas, located in markets including Austin, Dallas-Fort Worth, South Florida, Charlotte, Birmingham and the Baltimore-Washington corridor. The collection includes multi-tenant business parks and light industrial assets. At the time of financing, the properties were leased to more than 115 tenants within 22 industries, including the medical and pharmaceutical, building services, manufacturing, technology, professional services, healthcare and logistics industries. The average tenant tenure across the portfolio is 10.5 years. Melissa Rose, Michael DiCosimo, Jack Britton, Kate Rathman, Nicole Diaz and Magnus Kron of JLL Capital Markets secured the financing on behalf of the borrower. An undisclosed life insurance company provided the loan. Based in Miami, Adler Real Estate Partners specializes in acquiring and operating multi-tenant light industrial properties throughout the United States. This transaction marks the second major recapitalization for the company this year. In July, Adler secured a $343 million refinancing for a portfolio of light industrial assets, including $140 million in equity and …
CLAREMONT, N.C. — Conshohocken, Pa.-based Maguire Hayden Real Estate has sold a 395,990-square-foot industrial building in Claremont, a northern Charlotte suburb in Catawba County, to Box Equities for $22.1 million. Michael Scarnato, Pete Pittroff and Dave Andrews of JLL represented Maguire Hayden in the sale. Situated on approximately 17.9 acres, the industrial property includes 364,000 square feet of warehouse space, along with offices and other support areas. The facility also features 24 dock-high loading doors, clear heights ranging from 14 to 20 feet, truck courts ranging from 135 to 185 feet, a dedicated trailer parking lot and 109 car parking spaces. Maguire Hayden originally acquired the property through a sale-leaseback transaction and subsequently leased the entire building to CertainTeed, a wholly owned subsidiary of global building materials manufacturer Saint-Gobain. Maguire Hayden completed a capital improvements program during its ownership that included a new roof overlay and LED lighting throughout the facility. The building was originally constructed in 1986 and was renovated in 2011.
APEX, RALEIGH AND WILMINGTON, N.C. — BWE Investment Sales has brokered the $349.9 million sale of the Cambridge Village Portfolio, a three-property independent living portfolio in Apex, Raleigh and Wilmington. The portfolio comprises Cambridge Village of Apex, a 219-unit community in Apex; The Cambridge at Brier Creek, a 195-unit community in Raleigh; and Cambridge Village of Wilmington, a 222-unit community in Wilmington. In addition, the acquisition includes entitled land parcels adjacent to the Apex and Brier Creek communities. Miami Beach, Fla.-based Starwood Capital Group purchased Cambridge Village of Apex and The Cambridge at Brier Creek senior living communities for a combined $209 million, according to the Triangle Business Journal. The firm also acquired Cambridge Village of Wilmington for $140.9 million. Oliver Development built the three communities, which were constructed between 2010 and 2022 and are operated by Cambridge Village Senior Living. Each campus features resort-style amenities including fitness centers with instructor-led programming, heated indoor pools, a full-service salon and spa, restaurant-style dining, movie theaters, libraries and landscaped outdoor gathering areas.
GREENSBORO, N.C. — CBRE has brokered the sale of Renaissance Plaza, a 19-story office tower located at 230 N. Elm St. in downtown Greensboro. Appian Investments purchased the 287,464-square-foot building from Richardson Properties for $22 million. Patrick Gildea, Matt Smith and Greg Wilson of CBRE represented the seller in the transaction. Richardson Properties invested $4 million in renovations to the office tower in 2023. Built in 1990, Renaissance Plaza features a two-story atrium lobby, an attached six-level parking deck with 300 spaces, onsite café and offices with floor-to-ceiling windows. Tenants include Arch Mortgage Insurance, Brooks Pierce, Fox Rothschild, Schell Bray and RSM US.
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