Wednesday, January 28, 2026
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North Carolina

AcquisitionsMultifamilyNorth CarolinaSoutheast

Tishman Speyer Acquires 244-Unit Apartment Community in Raleigh

by John Nelson

RALEIGH, N.C. — Tishman Speyer has acquired The Maggie, a 244-unit apartment community located at 401 Oberlin Road in Raleigh’s Village district. The property is situated on 2.8 acres adjacent to North Carolina State University. William Yowell, Kevin Kempf, Don Hoffman and Tai Cohen of CBRE brokered the transaction. The seller and sales price were not disclosed. Built in 2014, The Maggie features a unit mix ranging from studios to three bedrooms, as well as 9,000 square feet of street-level retail space. Amenities include a fitness center, outdoor saltwater pool, business center, lounge, golf simulator and a game room.

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74-Junction
DevelopmentIndustrialNorth CarolinaSoutheast

Foundry, Principal Asset Management to Break Ground on 237,000 SF Industrial Development Near Charlotte

by Abby Cox

UNION COUNTY, N.C. — A partnership between Foundry Commercial and Principal Asset Management has closed on the land purchase in Union County for 74 Junction, a two-building, industrial development. Construction is slated to begin in the coming months, with delivery scheduled for the third quarter. The project team will consist of Edifice (general contractor), 9G Studio (architect) and Thomas & Hutton (civil engineer). Located roughly 30 miles southeast of Charlotte, the facility will include two rear-load industrial buildings totaling more than 237,000 square feet. Both buildings, which will measure 120,000 square feet and 117,000 square feet, will feature 32-foot clear heights and modern specifications aligned with current market requirements that will accommodate a range of light industrial, distribution and service-oriented tenants.

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pointe-at-midtown
AcquisitionsMultifamilyNorth CarolinaSoutheast

FCP Sells 365-Unit Multifamily Community in Raleigh

by Abby Cox

RALEIGH, N.C. — FCP has sold The Pointe at Midtown, a 365-unit, garden-style apartment community located at 901 Navaho Drive in Raleigh, near the North Hills mixed-use development in the city’s Midtown district. The Pointe at Midtown offers two- and three-bedroom apartments ranging in size from 858 to 1,190 square feet, according to Apartments.com. Amenities include a swimming pool, basketball court, shaded playground, two clothes care centers and a package locker system. Hunter Barron, Teddy Hobbs, Ryan Gavigan, Ben Bury and Woody Flythe of JLL represented FCP in the transaction. The sales price and buyer were not disclosed.

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DevelopmentIndustrialLeasing ActivityNorth CarolinaSoutheast

Blackstone to Invest $475M for Automated Distribution Center in North Carolina’s Triad

by John Nelson

BURLINGTON, N.C. — Funds managed by Blackstone Credit & Insurance will invest $475 million to construct a highly automated grocery distribution center in Burlington, a city in North Carolina’s Triad region near Greensboro. The Blackstone affiliate purchased the 196-acre site for $46 million, according to Triad Business Journal. The company leased the site to Ahold Delhaize USA, the U.S. arm of global grocer Ahold Delhaize that operates the Food Lion, Giant Food and Stop & Shop grocery chains. Under the triple-net lease agreement, Blackstone Credit & Insurance will own the facility and fund 100 percent of the construction costs, while Ahold Delhaize USA will occupy the facility for the long-term with an option to purchase the site in the future. Construction of the new facility is expected to begin in the first quarter , with plans for the distribution center to be fully operational by 2029 and employ over 500 Ahold Delhaize associates.

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AlabamaLoansMultifamilyNorth CarolinaSoutheast

Dwight Mortgage Trust Provides $88.4M in Loans for Three Southeast Multifamily Assets

by John Nelson

TUSCALOOSA, ALA. AND FAYETTEVILLE, N.C. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has closed two loans totaling $88.4 million for the refinancing of three apartment communities in the Southeast. The properties include Mosaic Apartments, a 456-unit community in Tuscaloosa, and two complexes in Fayetteville totaling 312 units: Britt Lake and Woodland Village. Moshe Feiner of Sevenstone Capital worked along with Andrew Tichy of Dwight Mortgage Trust to arrange the five-year, fixed-rate loans on behalf of the borrowers, private high-net-worth investors that used the loan proceeds to refinance existing debt, cover transaction costs and fund interest reserves.

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AcquisitionsNorth CarolinaSoutheastStudent Housing

JLL Arranges Sale of 376-Bed Student Housing Community Near North Carolina State University

by John Nelson

RALEIGH, N.C. — JLL has arranged the sale of Live on Hillsborough, a 376-bed student housing community located near the North Carolina State University (NC State) campus in Raleigh. Teddy Leatherman, Scott Clifton, Kevin Kazlow and Alex Nordlinger of JLL represented the sellers, TPG Angelo Gordon and Horizon Realty Advisors, in the disposition. The buyer and terms of the transaction were not released. Built between 2013 and 2019, the community offers 203 fully furnished units in studio, one-, two- and three-bedroom configurations. Shared amenities include a 24-hour fitness center, coffee bar, resort-style pool, outdoor lounge spaces and barbecue grills.

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AXIAL-Liberty-Commerce
AcquisitionsIndustrialNorth CarolinaSoutheast

Crescent Sells New 173,280 SF Industrial Facility in Greensboro, North Carolina

by Abby Cox

GREENSBORO, N.C. — Crescent Communities has sold AXIAL Liberty Commerce, a newly completed, 173,280-square-foot industrial facility located in Greensboro, to Hoffman & Hoffman Inc. The purchase price was $23.5 million, according to the Triad Business Journal. Jason Ofsanko and Jordan Mitchell of Cushman & Wakefield represented the seller in the transaction. Partners for the industrial project included First Horizon (lender), Bolton & Menk (civil engineering), Crescent Communities Construction (general contractor), DMA Architecture (architects) and Geo-Hydro Engineers (geotechnical and environmental engineering). Spanning 18 acres, AXIAL Liberty Commerce includes 2,804 square feet of office space, 171 car parking spaces, 20 trailer parking spaces, 32-foot clear heights, 47 dock-high doors and three drive-in doors.

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AcquisitionsIndustrialLife SciencesLoansNorth CarolinaSoutheast

Reports: Fortress Investment Buys Pokemon-Anchored Manufacturing Campus Near Raleigh for $226.5M

by John Nelson

MORRISVILLE, N.C. — Fortress Investment Group has purchased a majority of Spark LS, a 106-acre life sciences campus in the Raleigh suburb of Morrisville, for $226.5 million, according to Triad Business Journal. The sale covers six parcels, including two new advanced manufacturing facilities, totaling 80 acres. The news outlet also reported the buyer secured an acquisition loan from Bank of America totaling $111.1 million. In December, the seller, affiliates of Starwood Capital Group and Trinity Capital Advisors, signed a nearly 1.3 million-square-foot lease with Millennium Print Group for 20 years, with a 20-year renewal option. Doug Cook of Cushman & Wakefield arranged the lease. The tenant is a subsidiary of The Pokemon Co. International and produces Pokemon playing cards. The company plans to occupy more than 400,000 square feet of existing space and a new ground-up building totaling 866,000 square feet that will deliver in 2027, according to a December press release from Trinity Capital. Triad Business Journal reports that the status of the construction and upfit for Millennium Print is “unclear” in light of the ownership change.

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DevelopmentIndustrialLife SciencesNorth CarolinaSoutheast

Johnson & Johnson to Develop Multibillion-Dollar Life Sciences Facility in Wilson, North Carolina

by John Nelson

WILSON, N.C. — Pharmaceutical and home consumer products giant Johnson & Johnson has announced a new multibillion-dollar life sciences facility in Wilson, which sits east of the Raleigh-Durham region along I-95 in Wilson County. The new factory will focus on the production of medicines for oncology and neurological diseases. The development is expected to create up to 500 new jobs and represents the second major investment in Wilson County for Johnson & Johnson. In October 2024, the company announced a $2 billion manufacturing campus that would support 420 jobs. That facility is currently under construction, and Johnson & Johnson has begun hiring advanced manufacturing positions. Additionally, Johnson & Johnson announced last year a $2 billion biopharmaceutical manufacturing facility in nearby Holly Springs, N.C. Civic partners on the new factory in Wilson includes the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, the North Carolina General Assembly, the North Carolina Biotechnology Center, the North Carolina Community College System, the North Carolina Department of Environmental Quality, Wilson Community College, the BioPharma Crescent, Wilson County, the Wilson Economic Development Council and the City of Wilson.

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AcquisitionsMixed-UseNorth CarolinaOfficeRestaurantRetailSoutheast

Crescent Sells Mixed-Use Building in Charlotte to Invesco for $58M

by John Nelson

CHARLOTTE, N.C. — Locally based developer Crescent Communities has sold Elizabeth on Seventh, a 105,000-square-foot mixed-use building in Charlotte. Atlanta-based Invesco purchased the four-story, LEED-certified property for $58 million, according to the Charlotte Business Journal. Completed in 2022, Elizabeth on Seventh is located at the intersection of East Seventh Street and North Caswell Road and offers boutique office space and 22,000 square feet of ground-level retail space. The property’s office tenants include Abry Partners, Abundant Power, Adams Beverages, Becker Morgan Group, Bowman and Brooke, Brown Brothers Harriman and Influencable. Retail and restaurant tenants include Barre3, Catalina Kitchen + Bar, Rosemont Market & Wine Bar and The Yard Milkshake Bar.

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