North Carolina

Redline, Landmark Industrial to Develop 137,388 SF Facility in East Charlotte

by John Nelson April 9, 2026

CHARLOTTE, N.C. — A partnership between Redline Property Partners and Landmark Industrial plans to develop a 137,388-square-foot industrial facility in Charlotte. The firms recently acquired a 13.2-acre infill site at 6407 Old Concord Road on the city’s east side, marking the second industrial land acquisition in the Charlotte area by the Redline and Landmark partnership in the past four months. The duo plans to deliver the facility, which will feature 32-foot clear heights, in early 2027. Henry Lobb, Nick Claudio and Colin Ferguson of Avison Young will lease the facility.

April 9, 2026

Acquisitions Industrial North Carolina Southeast

Rockpoint Acquires Six-Building Industrial Portfolio in North Carolina

by John Nelson April 1, 2026

GARNER AND CHARLOTTE, N.C. — Boston-based Rockpoint has purchased a six-building industrial portfolio across two properties in North Carolina. The nearly 280,000-square-foot acquisition includes Garner Commerce Center in the south Raleigh suburb of Garner and I-77 Commerce Center in Charlotte. Both three-building parks were recently delivered. The seller and sales price were not disclosed. Rockpoint will manage and operate Garner Commerce Center and I-77 Commerce Center in partnership with affiliate firms Rockhill Management and Rockpoint Industrial.

April 1, 2026

Acquisitions Affordable Housing Company News Florida Multifamily North Carolina Southeast Top Stories

Sun Life to Acquire Bell Partners, Combine With BGO Following Buy-Out of Remaining Equity Stake

by John Nelson March 31, 2026

TORONTO, MIAMI AND GREENSBORO, N.C. — Sun Life Financial Inc. (NYSE: SLF), a Toronto-based financial services organization with $1.6 trillion in assets under management as of year-end 2025, has announced it will acquire Bell Partners, a multifamily investment and management firm based in Greensboro. The acquisition was valued at $350 million and is expected to grow Sun Life’s U.S. multifamily segment. Founded in 1976, Bell Partners has approximately $10 billion of assets under management as of March 1 and manages approximately 70,000 apartments in 12 regions across the United States. The firm operates nine U.S. offices and has close to 1,800 employees. Last year, Bell Partners closed more than $1.3 billion in multifamily acquisitions. “This opportunity will extend Bell’s operating and investment expertise across a larger residential platform and strengthen our depth and reach,” says Lili Dunn, CEO and president of Bell Partners. “It is a natural step in our evolution, preserving the essence of what has made us successful, while also opening new opportunities for the future.” In a separate transaction, Sun Life acquired the remaining 44 percent equity stake of Miami-based BGO, a global real estate investment management firm formerly known as BentallGreenOak, in a deal valued at …

March 31, 2026

Industrial North Carolina Southeast

Equus Acquires Greylyn Business Park in Charlotte for $102M

by Abby Cox March 30, 2026

CHARLOTTE, N.C. — Equus Capital Partners has acquired Greylyn Business Park, a 19-building industrial park totaling 648,060 square feet in the Southeast Industrial submarket of Charlotte. The $102 million acquisition was completed on behalf of a value-add fund sponsored by Equus. The seller requested anonymity. Constructed between 1965 and 1998, Greylyn Business Park is currently 93 percent leased to 91 tenants. Amenities include 14- to 24-foot clear heights, a combination of dock-high and ground-level loading docks, 15 ramps and more than 1,500 parking spaces. Average suite sizes are approximately 6,550 square feet. Equus plans to implement various capital improvements at the property, such as funding deferred maintenance and modernizing building systems, curb appeal and functionality, as well as preparing vacant suites for new tenants. Equus will also reposition select suites to better align with current market preferences.

March 30, 2026

Development Multifamily North Carolina Southeast

Wood Partners, PGIM to Develop 357-Unit Apartment Community in Morrisville, North Carolina

by John Nelson March 26, 2026

MORRISVILLE, N.C. — Wood Partners and PGIM have closed on a land acquisition in Morrisville for the development of Alta Watkins, a 357-unit apartment community. Set to open in 2028, the property will be situated in the heart of the Research Triangle and adjacent to Wake Tech’s new community college campus. Sarah Godwin and Karl Hudson of Foundry Commercial represented the land seller in the transaction. Wood Partners plans to break ground soon on Alta Watkins, which will offer one-, two- and three-bedroom apartments, as well as onsite retail space, rentable offices, short-term stay units for guests, a resort-style pool, three outdoor courtyards, outdoor games, fitness center with a sauna and a podcast room. Alta Watkins is Wood Partners’ third development underway in the Raleigh-Durham area in the past 12 months.

March 26, 2026

Industrial Leasing Activity North Carolina Southeast

Edgewater Ventures Signs Two Industrial Tenants to Leases Totaling 305,818 SF in Leland, North Carolina

by Abby Cox March 20, 2026

LELAND, N.C. — Raleigh-based Edgewater Ventures has signed two tenants to new leases totaling 305,818 square feet at Edgewater Commerce Center, a 505,818-square-foot industrial facility in Leland. Global electronics repair and service provider Ivy Technology signed a 200,000-square-foot lease, while home inspection company Home Insights signed a 105,818-square-foot lease. The deals bring Edgewater Commerce Center to full occupancy. Edgewater Commerce Center features tilt-up concrete construction with 24-foot clear heights. The property is the largest multi-tenant industrial facility located within the Wilmington and Myrtle Beach markets, according to Edgewater Ventures. Jordan Holt of Cushman & Wakefield represented Ivy Technology in the lease negotiations. Will Leonard of Cape Fear Commercial and Al Williams of JLL represented the landlord.

March 20, 2026

Development North Carolina Seniors Housing Southeast

Singh Development Delivers 95-Unit Luxury Seniors Housing Community in North Raleigh

by John Nelson March 19, 2026

RALEIGH, N.C. — Michigan-based Singh Development has completed Waltonwood Lead Mine, a 95-unit luxury seniors housing community located at 4510 Lead Mine Road in north Raleigh. Cline designed the property, which features assisted living and memory care residences. The community has the capacity for up to 100 residents and will be operated under Singh’s Waltonwood Senior Living brand. Amenities include a movie theater with a popcorn bar, restaurant-style dining room, bistro and a coffee nook. The project team also included Choate Construction, Lighthouse Engineering and structural engineer Hauser and Creech.

March 19, 2026

Acquisitions Company News Georgia Maryland Multifamily North Carolina Southeast Top Stories Virginia

AH Realty Trust Agrees to Sell 11-Property Multifamily Portfolio to Harbor Group for $562M

by John Nelson March 17, 2026

VIRGINIA BEACH AND NORFOLK, VA. — AH Realty Trust (NYSE: AHRT), a Virginia Beach-based real estate investment trust (REIT) that changed its name from Armada Hoffler two weeks ago, has agreed to sell 11 of its 14 apartment properties to Norfolk-based Harbor Group International LLC for $562 million in an all-cash transaction. The deal marks an effort by AH Realty to pivot away from the multifamily sector. Harbor Group has provided a $15 million nonrefundable deposit for the transaction, which the companies say is not contingent on financing. The portfolio sale is expected to close in mid‑2026, subject to customary closing conditions. “HGI is acquiring a strong, stable portfolio that has served our company well,” says Shawn Tibbetts, chairman, president and CEO of AH Realty Trust. “By realizing the value of these assets, AH Realty Trust is able to simplify our business, strengthen our balance sheet and continue executing our strategy with clarity and purpose.” According to multiple media outlets, including the Baltimore Business Journal, the assets in the portfolio include: AH Realty Trust will retain Smith’s Landing, a five-story, 284-unit property in Blacksburg, Va. The firm will also keep The Everly and Solis Gainesville in Gainesville, Ga., with the intention …

March 17, 2026

Development Multifamily North Carolina Southeast

Woodfield Completes 354-Unit Apartment Community in Huntersville, North Carolina

by Abby Cox March 16, 2026

HUNTERSVILLE, N.C. — Woodfield Development has completed Merritt Apartments, a 354-unit multifamily community located in Huntersville, about 12 miles north of Charlotte. Situated on roughly 23 acres at 13111 Tadeo Drive, Merritt Apartments offers a mix of studio, one-, two- and three-bedroom floorplans that range in size from 758 to 1,813 square feet. Monthly rental rates begin at $1,466. Amenities include a fitness center with a yoga studio, coworking and lounge spaces, private dining areas, an entertainment courtyard with a putting green and amphitheater-style seating, resort-style swimming pool and cabanas, electric vehicle charging stations, a dog park, pet spa and direct access to nearby green spaces. Select residences also feature private fenced yards, mudroom-style entries, built-in shower benches, smart thermostats and controlled-access entry. The project team included Fosselman Construction (general contractor), Housing Studio (architect) and Shelton Taylor Associates (interior design).

March 16, 2026

Acquisitions Life Sciences North Carolina Southeast

Foxfield Acquires New Life Sciences Facility in Metro Raleigh Leased to Kryosphere

by John Nelson March 10, 2026

MORRISVILLE, N.C. — Foxfield has purchased 3503 Page Road, a newly built, 57,000-square-foot life sciences building located in Morrisville, about 14 miles west of Raleigh. The seller and sales price were not disclosed. Kryosphere, a biorepository solutions and cold chain logistics user, operates the facility under a 12-year net lease. The company has invested $5 million into the specialized build-out for pharmaceutical-grade cold storage infrastructure, with plans for an additional $5 million investment for equipment upgrades, according to Foxfield. Built in 2025, 3503 Page Road is situated within the World Trade Park industrial park and offers direct connectivity to I-40, I-540 and Raleigh-Durham International Airport. The building features industrial space, lab support and research-and-development space, as well as 24-foot clear heights.

March 10, 2026

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