North Carolina

Cleeman Realty Brokers Sale of Food Lion-Anchored Shopping Center in King, North Carolina

by John Nelson February 4, 2026

KING, N.C. — Miami-based Cleeman Realty Group has brokered the sale of Mountain View Plaza, a 44,000-square-foot shopping center in King, about 16 miles northwest of Winston-Salem, N.C. Food Lion has anchored the 9.9-acre property since 2005. Other tenants include a Mexican restaurant, hibachi restaurant, barbershop, nail salon and a pet groomer. The seller, an unnamed family ownership group, sold the property to a group of private investors completing a 1031 exchange. Jeremy Scheer and Sara Shulman of Cleeman Realty represented both the buyer and the seller in the transaction. The sales price was not disclosed.

February 4, 2026

Acquisitions North Carolina Office Southeast

CBRE Negotiates Sale of 198,424 SF Office Building in Morrisville, North Carolina

by John Nelson February 3, 2026

MORRISVILLE, N.C. — CBRE has negotiated the sale of Forty540 II, a 198,424-square-foot, five-story office building located at 710 Slater Road in Morrisville, about 14 miles northwest of Raleigh. Patrick Gildea, Matt Smith, Ben Kilgore and Chandler Hawkins of CBRE represented the seller, FCP, in the transaction. The buyer and sales price were not disclosed. Delivered in 2021 near the intersection of I-40 and I-540, Forty540 II was 94.6 percent leased at the time of sale to tenants including Renesas, N-Able and Synopsys. Amenities include a rooftop sky lounge, fitness center, conference and collaboration areas and outdoor patio space. CBRE’s Brad Corsmeier and Ed Pulliam were the property’s previous leasing agents. The duo signed Renesas to a nearly 90,000-square-foot lease at Forty540 II in May 2023.

February 3, 2026

Affordable Housing Market Reports Multifamily North Carolina Southeast Southeast Market Reports

Raleigh-Durham’s Multifamily Market Is Normalizing Following Several Quarters of Softness

by John Nelson February 2, 2026

The Raleigh-Durham region continues to be one of the premier pockets of growth in the Southeast, thanks to robust employment opportunities and a steady pipeline of renters graduating from area schools including Duke University, University of North Carolina-Chapel Hill and North Carolina State University. Multifamily developers have been more than eager to help satiate the demand for housing in the area in recent years. According to Yardi Matrix, the Raleigh-Durham region had nearly 14,500 apartments deliver in 2024. The research platform also reported that approximately 8,600 more units came on line in the first three quarters of 2025, which represents a 4.2 percent growth rate compared to the market’s existing inventory. Like many of its peer markets in the Sun Belt, the Raleigh-Durham region is working its way through the excess supply, which is extending the lease-up period for newer properties. “For projects delivered in late 2023 into early 2024, absorption has slowed compared to historical norms,” says Lisa Narducci-Nix, director of business and property development at Drucker + Falk. Southeast Real Estate Business recently caught up with Narducci-Nix to discuss the health of the Raleigh-Durham apartment market, as well as larger operational trends. The following is an edited interview: …

February 2, 2026

Leasing Activity North Carolina Office Southeast

K&L Gates Relocates Research Triangle Park Office to Horseshoe at Hub RTP

by Abby Cox January 30, 2026

DURHAM, N.C. — Global law firm K&L Gates LLP has relocated its newest Durham office in Research Triangle Park to Horseshoe at Hub RTP, a 157,500-square-foot mixed-use development located at 3151 Elion Drive. In late 2026, the firm will move into a 20,000-square-foot office on the fourth floor at Horseshoe. Don Shupe of CBRE represented K&L Gates, while Patti Autry and Hillman Duncan of JLL represented the landlord, Charlotte-based White Point Partners, in the lease negotiations. Horseshoe at Hub, which serves at the central gathering point for the 100-acre Hub RTP development, features a five-story office building with two single-story retail/restaurant pavilions, along with 16 acres of greenspace and trails. Horseshoe currently has 78,000 square feet of office space and 10,000 square feet of retail space available for lease.

January 30, 2026

Data Centers Development Industrial North Carolina Southeast

Corning to Develop Manufacturing Facility in Hickory, North Carolina as Part of $6B Meta Deal

by John Nelson January 29, 2026

HICKORY, N.C. — Corning Inc. has announced plans to develop a new optical cable manufacturing facility in Hickory, about 58 miles northwest of Charlotte. The new plant is part of the New York-based tech manufacturing firm’s multi-year, up to $6 billion agreement with Meta Platforms Inc., the parent company of Facebook and Instagram. Meta will serve as the anchor client of the manufacturing facility. The agreement will help accelerate the build-out of advanced data centers to support Meta’s various apps and technologies, including its Llama AI platform. Under the agreement, Corning will supply Meta with “its newest innovations in optical fiber, cable and connectivity solutions.” The new factory and increased investment in Corning’s existing North Carolina footprint are expected to create 5,000 new jobs, including scientists, engineers and production teams. The initiative is expected to increase Corning’s employment in North Carolina by 15 to 20 percent. Back in October, Corning acquired 32.9 acres in Trivium Corporate Center, a 378-acre business park in Hickory, and agreed to invest $170 million to $267.9 million and create 132 jobs at the park.

January 29, 2026

Development Industrial North Carolina Southeast

Partnership Breaks Ground on 194,232 SF Industrial Facility in Charlotte

by John Nelson January 29, 2026

CHARLOTTE, N.C. — A partnership between Iconic Equities, Shoreline Capital, Overlook Ventures and LaSalle Investment Management has broken ground on Pineville Distribution Center, a 194,232-square-foot industrial facility in Charlotte’s Southwest submarket. The property is located on 15 acres at 10203 Pineville Distribution St. The ownership has tapped Bradley Dunn and Bill Wood of Trinity Partners to lease Pineville Distribution Center. The co-developers plan to deliver the facility in mid-to-late 2026. Physical features of the project were not released.

January 29, 2026

Development Indiana Industrial Midwest North Carolina Southeast Top Stories

John Deere to Open Two New Industrial Facilities in Indiana, North Carolina

by Hayden Spiess January 29, 2026

HEBRON, IND. AND KERNERSVILLE, N.C. — Agricultural and construction machinery company John Deere (NYSE: DE) plans to open two new industrial facilities in the United States. The developments include a distribution center near Hebron, Ind., and a manufacturing campus in Kernersville, N.C. John Deere recently broke ground on the 234-acre Indiana facility, which is designed to streamline operations and ensure timely delivery of equipment and parts. John Deere plans to invest $125 million to equip and development the 1.2 million-square-foot project, which is situated just off I-65. According to the company, the project is expected to create roughly 150 jobs in the state. John Deere also operates its primary North American parts distribution center in the Midwest region in Milan, Ill. That facility has been in operation since 1973 and employs roughly 1,200 people. In Kernersville, a new $70 million manufacturing center will produce excavators for the construction market, assuming production activity that was previously conducted in Japan. The campus total approximately 400,000 square feet and will employ more than 150 people. “We are excited to bring this new facility to our Kernersville campus and to be part of the region’s thriving manufacturing community,” said Ryan Campbell, president of worldwide …

January 29, 2026

Acquisitions Multifamily North Carolina Southeast

Tishman Speyer Acquires 244-Unit Apartment Community in Raleigh

by John Nelson January 27, 2026

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.

January 27, 2026

Development Industrial North Carolina Southeast

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

by Abby Cox January 26, 2026

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.

January 26, 2026

Acquisitions Multifamily North Carolina Southeast

FCP Sells 365-Unit Multifamily Community in Raleigh

by Abby Cox January 23, 2026

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.

January 23, 2026

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