North Carolina

CBRE Brokers Sale of 19-Story Office Tower in Greensboro, North Carolina

by John Nelson October 22, 2026

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.

October 22, 2026

Acquisitions Industrial North Carolina Southeast

Link Logistics Acquires 550,992 SF Industrial Property in Youngsville, North Carolina

by Abby Cox October 16, 2026

YOUNGSVILLE, N.C. — New York City-based Link Logistics has acquired Eaton Logistics Facility, a 550,992-square-foot industrial property located at 2545 Innovation Loop in Youngsville, roughly 23 miles outside Raleigh. The facility, which was fully leased at the time of sale, features 40-foot clear heights, cross-dock configuration and direct access to U.S. Route 1. The property serves as a warehousing and distribution hub that supports manufacturing operations in the Raleigh area. JLL represented the sellers, Summit Real Estate Group and an institutional partner, in the transaction. The sales price was not disclosed.

October 16, 2026

Acquisitions Multifamily North Carolina Southeast

Portsmouth, Marcus Purchase 326-Unit Multifamily Community in Raleigh

by John Nelson October 14, 2026

RALEIGH, N.C. — A partnership between Portsmouth Real Estate Partners and Marcus Partners has purchased Vine North Hills, a 326-unit multifamily community located at 500 St. Albans Drive in Raleigh. The seller and sales price were not disclosed. Newmark arranged an undisclosed amount of acquisition financing for the partnership, which is the first venture between Portsmouth and Marcus. Vine North Hills sits within the 33-acre North Hills Innovation District, which is part of Raleigh’s North Hills mixed-use neighborhood. Completed in 2020, the property offers studio, one-, two- and three-bedroom apartments, as well as a “full” suite of amenities and structured parking.

October 14, 2026

Development Life Sciences North Carolina Southeast

JLL Arranges $237.7M Loan for Life Sciences Campus in Research Triangle Park

by John Nelson October 13, 2026

MORRISVILLE, N.C. — JLL has arranged $237.7 million loan for Phase I of Pathway Triangle, a life sciences campus underway in North Carolina’s Research Triangle Park (RTP). Phase I comprises four life sciences and advanced manufacturing buildings totaling 581,789 square feet on McCrimmon Parkway in Morrisville, about 14 miles west of Raleigh. Brett Paulsrud, Amy Lousararian, Andrew Gray, Ward Smith, Hugh Doherty and Libby Horton of JLL arranged the loan through Starwood Property Trust on behalf of the borrower, King Street Properties. Two buildings totaling 377,111 square feet have been completed at Pathway Triangle and are 73 percent leased. Building 1 is partially leased to Liquidia Pharmaceuticals for the manufacturing of Yutrepia, an FDA-approved inhalation powder treating pulmonary arterial hypertension. Building 2 is fully leased to Novartis. Construction began recently on the other two Phase I buildings — Building 4 (148,434 square feet) and Building 7 (56,244 square feet), which is fully preleased to Novartis. A second phase is planned for Pathway Triangle, upon completion of which the campus will span 950,000 square feet.

October 13, 2026

Development North Carolina Retail Southeast

Wegmans to Open 110,000 SF Grocery Store in Charlotte This Week

by John Nelson October 13, 2026

CHARLOTTE, N.C. — Wegmans, a large-format grocer based in Rochester, N.Y., plans to open a 110,000-square-foot grocery store at 11550 N. Community House Road in Charlotte on Wednesday, Oct. 14. The store is an anchor of Ballantyne, Northwood Investors’ 2,000-acre master-planned development on the south side of Charlotte adjacent to the South Carolina border. The store will feature all traditional Wegmans departments, including produce, seafood, meat, bakery, deli, cheese and wine and beer. Additional offerings will include Meals2Go and catering, online shopping capabilities, a floral shop, coffee and home goods. The store will also have a market café with indoor and outdoor seating for customers dining at one of Wegmans’ multiple food outlets. Wegmans has hired 450 associates to operate the new store, which is currently the southernmost store in Wegmans’ network.

October 13, 2026

Development Mixed-Use North Carolina Retail Southeast

Pappas Properties Breaks Ground on Publix-Anchored Retail Center in Metro Charlotte

by John Nelson October 6, 2026

MATTHEWS, N.C. — Pappas Properties has broken ground on a Publix-anchored retail center at Cadia Village Matthews, an 84-acre mixed-use campus in metro Charlotte. The approximately 50,000-square-foot grocery store will feature a full-service pharmacy with a drive-thru and is expected to employ roughly 150 associates. The Publix store is set to open in fourth-quarter 2027. Other commercial tenants coming to the retail village at Cadia Village Matthews will include medical office users, a bank branch, fast-casual and sit-down restaurants and neighborhood retail and services. The mixed-use project also features single-family homes and townhomes under construction by David Weekley Homes. Choate Construction is building the retail village on behalf of Pappas Properties.

October 6, 2026

Development Industrial North Carolina Southeast

Trammell Crow Co., Investors Break Ground on 233,335 SF Spec Industrial Development in Charlotte

by John Nelson October 1, 2026

CHARLOTTE, N.C. — Trammell Crow Co. and a consortium of investors including CBRE Japan and Mitsubishi Logistics Corp. have broken ground on Caldwell Commerce Center, a two-building, 233,335-square-foot speculative industrial development located at 6122 and 6125 Caldwell Park Drive in Charlotte. The 24-acre property will feature two rear-load buildings measuring 106,175 square feet and 127,160 square feet. Each building will feature 32-foot clear heights, build-to-suit office space and ESFR sprinkler systems. Bryan Crutcher and Alek Salfia of CBRE are the leasing agents for Caldwell Commerce Center. The design-build team includes Landmark Builders (general contractor), Seamon Whiteside (civil engineer) and 9G Studio (architect).

October 1, 2026

Acquisitions North Carolina Retail Southeast

Orion Buys Food Lion-Anchored Shopping Center in Boone, North Carolina for $26.1M

by John Nelson September 30, 2026

BOONE, N.C. — Miami-based Orion Real Estate Group has acquired Watauga Village, an 88,800-square-foot neighborhood shopping center located in Boone, a city in western North Carolina and home of Appalachian State University. Adam Russ, Erin Varol and Will Register of CBRE represented the undisclosed seller in the $26.1 million transaction. Food Lion anchors the property, which was fully leased at the time of sale to tenants including Michaels, Mercy Urgent Care, Spectrum, Tropical Smoothie Café and Wingstop. Orion currently owns or manages an additional 23 properties totaling 101,583 square feet throughout North Carolina, which are all single-tenant, triple-net properties. Watauga Village is the firm’s first shopping center acquisition in the state.

September 30, 2026

Build-to-Rent Development Multifamily North Carolina Southeast

Canvas Residential, Kelley Properties to Develop 141-Unit Build-to-Rent Project in Bermuda Run, North Carolina

by Abby Cox September 25, 2026

BERMUDA RUN, N.C. — Canvas Residential Partners and Kelley Properties plan to develop Wellstead at Kinderton Farms, a 141-unit build-to-rent project located in Bermuda Run, a town in Davie County roughly 13 miles west of Winston-Salem, N.C. Site work is expected to commence this month, with the first homes scheduled for delivery in spring 2028. Wellstead at Kinderton Farms will include 128 townhomes and 13 single-family detached homes. Townhomes will range up to 1,700 square feet in size and will offer two- to four-bedroom floorplans and two-car garages. Single-family homes will total up to 2,100 square feet in size and will feature four bedrooms and two-car garages. Amenities at the community will include a clubhouse and leasing center overlooking a lake, a dedicated wellness center, swimming pool, resident lounge, dog park and neighborhood sidewalks.

September 25, 2026

Company News Development North Carolina Retail South Carolina Southeast

Harris Teeter Plans $253M Investment to Enhance Stores, Expand in Carolinas

by John Nelson September 23, 2026

MATTHEWS, N.C. — Harris Teeter, a Matthews-based regional grocer and subsidiary of The Kroger Co., plans to invest approximately $253 million over the next three years to refresh and modernize select stores in North Carolina and South Carolina. Renovations and enhancements are planned for locations in Fort Mill and Rock Hill, S.C.; and Matthews, Waxhaw, Concord and Huntersville, N.C. In addition, Harris Teeter plans to open three new stores in Fort Mill and Lake Wylie, S.C., and Kannapolis, N.C. Customers will begin seeing store updates roll out in phases, with timing and scope varying across locations over the next three years. As renovations are completed, grand reopenings are expected to begin this fall.

September 23, 2026

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