North Carolina

JLL Arranges $86.7M Sale of 323,113 SF Shopping Center in Metro Raleigh

by John Nelson September 17, 2026

RALEIGH, N.C. — JLL has arranged the $86.7 million sale of Knightdale Marketplace, a 323,113-square-foot super regional shopping center in metro Raleigh. Invesco Real Estate purchased the 43.5-acre property from a joint venture between affiliates of Bailard Inc. and M&J Wilkow Ltd. Tom Kolarczyk, Andrew Kahn, Ella Glover and Katie Sanger of JLL represented the seller in the transaction. Built in 2008 along I-540, Knightdale Marketplace is located at 1006 Shoppes at Midway Drive and 210-304 Hinton Oaks Blvd. in Knightdale. Target and The Home Depot shadow-anchor the center, which was fully leased at the time of sale to tenants including Academy Sports + Outdoors, Best Buy, T.J. Maxx, Burlington, Ross Dress for Less, HomeGoods, Michaels, PetSmart, Barnes & Noble, Starbucks, Five Guys, Jersey Mike’s, Qdoba, Tropical Smoothie Cafe, Subway and Visionworks. The shopping center also includes outparcels leased to Wells Fargo, Arby’s and Saltgrass Steak House.

September 17, 2026

Development Multifamily North Carolina Southeast

Space Craft Begins Leasing 389-Unit Apartment Community in Charlotte

by John Nelson September 16, 2026

CHARLOTTE, N.C. — Space Craft has launched leasing at Oxbow, a 389-unit apartment development underway at 2125 N. Davidson St. in Charlotte’s Optimist Park neighborhood. Sentral manages the apartment community, which is will provide direct access to the Cross Charlotte Trail. Residences at Oxbow will range from studio apartments to four-bedroom units spanning 410 to 1,501 square feet, as well as 1,258-square-foot townhomes and more than 11,300 square feet of ground-level retail space. Monthly rental rates will range from $1,320 to $3,325, according to Apartments.com. Amenities at Oxbow will include separate cardio and strength gyms, a spa with a sauna and treatment room, coworking space, content studio, makers space, lounge, fleet share services, guest suites, self-serve market and two rooftop venues. The design-build team includes Shook Kelley (architect), Swinerton (general contractor) and Timberlab (cross-laminated timber provider).

September 16, 2026

Acquisitions Florida Mixed-Use North Carolina Retail Southeast

Cuadra Capital Acquires 250,000 SF of Retail, Mixed-Use Developments in North Carolina, Florida

by Abby Cox September 14, 2026

CHARLOTTE, N.C. — Cuadra Capital, a Charlotte-based real estate investment and operating firm, has acquired multiple retail and mixed-use assets totaling 250,000 square feet across North Carolina and Florida. The acquisitions include State Street Station in Greensboro, College Plaza in Winston-Salem and the Bottleworks District in Wilmington, N.C. The lone Florida acquisition was Park & King in Jacksonville. State Street Station is a 60,977-square-foot, eight-building neighborhood retail center that includes a mix of food-and-beverage, service, medical and wellness retail tenants. The firm also acquired four adjacent parcels from a local owner to expand parking capacity and improve accessibility surrounding State Street Station. College Plaza is a 50,000-square-foot shopping center located across from The Grounds, a 100-acre mixed-use district under construction. The center is home to local tenants such as Jimmy the Greek and Elizabeth’s Pizza. As part of the acquisition, Cuadra also purchased the adjacent parcel situated at 2730 University Parkway, with plans to implement capital improvements at the property. The Bottleworks District is a four-property, 100,000-square-foot mixed-use portfolio that spans three contiguous blocks. The portfolio is home to a mix of food-and-beverage, office and light industrial tenants, including Hi-Wire Brewing, The Ibis, Cugina Forno and the YMCA. Park & King …

September 14, 2026

Development Hospitality Mixed-Use North Carolina Southeast

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

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