Thursday, June 11, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

North Carolina

AcquisitionsNorth CarolinaRetailSoutheast

Finmarc Sells Capital Marketplace Retail Center in Raleigh for $80.6M

by John Nelson

RALEIGH, N.C. — Finmarc Management Inc. has sold Capital Marketplace, a 383,000-square-foot power shopping center located on 53 acres along U.S. Route 1 in Raleigh. The Bethesda, Md.-based investment and management firm sold the property to Des Moines, Iowa-based Principal Financial Group for $80.6 million. Adam Russ, Erin Varol, Ryan Sciullo and Casey Smith of CBRE represented the seller in the transaction. Finmarc originally purchased the center, then known as Plantation Point Shopping Center, in late 2021. Built in 2006, Capital Marketplace’s tenant roster includes Bob’s Discount Furniture, BJ’s Wholesale Club, Burlington, Dollar Tree, LA Fitness and ParTee Shack.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNorth CarolinaSoutheast

Colliers Brokers Sale of 483-Unit Apartment Community in Greensboro, North Carolina

by John Nelson

GREENSBORO, N.C. — Colliers has brokered the sale of Edgewater Village, a 483-unit, garden-style apartment community located at 5500 Weslo Willow Circle in Greensboro. Will Mathews, Thomas Leachman, Chad DeFoor and Jake Bradshaw of Colliers brokered the transaction. Built in 1974, Edgewater Village sits on 45 acres and features five internal lakes. The property offers studio, one- and two-bedroom floor plans.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareNorth CarolinaSoutheast

Woodside Health Acquires 40,000 SF Medical Office Building in Chapel Hill, North Carolina

by John Nelson

CHAPEL HILL, N.C. — Cleveland-based Woodside Health has acquired Meadowmont Crossing, a three-story, 40,000-square-foot medical office building located at 400 Meadowmont Village Circle in Chapel Hill. The seller was an affiliate of Curbline REIT doing business as CL MEADOWMONT VILLAGE NC LP. The sales price was not disclosed. Built in 2001, the property is situated off NC Highway 54 and is anchored by UNC Health, a state-owned health system that operates 16 hospitals and hundreds of clinics across North Carolina.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialNorth CarolinaOfficeSoutheast

Averitt to Build $200M Industrial Campus Near Charlotte Airport

by John Nelson

CHARLOTTE, N.C. — Averitt, a transportation and supply chain management company based in Cookeville, Tenn., has announced plans to develop a regional logistics campus near Charlotte Douglas International Airport. Charlotte Business Journal reports that the freight company is investing $200 million for the 100-acre campus. The development will include two distribution centers totaling more than 500,000 square feet; a 75,000-square-foot cross-dock facility; a two-story regional office totaling 16,000 square feet; and parking for more than 400 trailers. The campus will also offer fleet maintenance, fueling and driver support facilities. The investment is expected to double Averitt’s Charlotte area workforce over the next four years and will replace its current 40,000-square-foot service center at 3708 Westinghouse Blvd. that houses 182 full-time associates. Construction on the new campus is expected to begin immediately and wrap up in 2028.

Continue Reading
FacebookTwitterLinkedinEmail
Twelve03-at-Centre-South
Affordable HousingLoansMultifamilyNorth CarolinaSoutheast

JLL Arranges $100.5M in Construction Financing for Mixed-Income Multifamily Development in Charlotte

by Abby Cox

CHARLOTTE, N.C. — JLL Capital Markets has arranged a $100.5 million senior construction loan and equity capital for Twelve03 at Centre South, a 329-unit mixed-income multifamily development in Charlotte. Taylor Allison, Alexis Kaiser and Ryan Mueller of JLL secured construction financing through TD Bank and the equity placement from RXR Realty Investments on behalf of the borrower/developer, The Fallon Co. Situated near The Pearl, Charlotte’s first medical Innovation District, Twelve03 is the first phase of Centre South, a 16.7-acre mixed-use development. Twelve03 will comprise 263 market-rate and 66 affordable units. Amenities will include a sky lounge, rooftop saltwater swimming pool, coworking spaces, pet spa and a fitness center. Upon completion of the overall mixed-use development, the project will include 405,000 square feet office space, 36,000 square feet of retail, a 180-room hotel, a 1.5-acre green space and up to 975 apartments, with 20 percent of the Centre South’s residential units reserved as affordable housing.

Continue Reading
FacebookTwitterLinkedinEmail
Project-J
DevelopmentLoansNorth CarolinaSoutheast

JLL Arranges $16M Construction Loan for Charlotte Multifamily Project

by Abby Cox

CHARLOTTE, N.C. —  JLL Capital Markets has arranged a $16 million construction loan for Project J, an 84-unit apartment building in Charlotte’s South End neighborhood. Taylor Allison, Alexis Kaiser, Nick Thornton and Abby Reed of JLL secured the loan through Genesis Capital on behalf of the borrower, Panorama Holdings. Situated at 1722 S. Tryon St., Project J will span six floors and feature 30,457 square feet of rentable space, along with a mix of amenities such as a first-floor lounge, outdoor patio with a kitchen and grill, sixth-floor balcony patio, indoor bike storage on each floor and food locker services. The apartments at Project J are described as “micro units,” as they average 363 square feet in size.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyNorth CarolinaSoutheast

KeyBank Provides $46.2M Refinancing for Multifamily Portfolio in Fayetteville, North Carolina

by John Nelson

FAYETTEVILLE, N.C. — KeyBank Real Estate Capital has provided a $46.2 million bridge loan for the refinancing of a three-property multifamily portfolio in Fayetteville, about 65 miles south of Raleigh. Pranav Sarda and Alan Isenstadt from KeyBank’s Income Property Group structured the financing on behalf of the borrower, Valor Residential Group, which acquired the portfolio in 2022. The 508-unit portfolio comprises Carlson Bay (214 units, built in 2000), Meadowbrook (186 units, built in 2001) and Stoney Ridge (108 units, built in 2001).

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNorth CarolinaOfficeSoutheast

Kane Realty Signs Couchbase to 20,000 SF Office Lease in Raleigh’s North Hills District

by John Nelson

RALEIGH, N.C. — Kane Realty Corp. has signed Couchbase Inc. to a roughly 20,000-square-foot lease at The Offices at North Hills in Raleigh’s North Hills district. The San Jose-based AI data platform operator has six offices internationally and will use the Raleigh office as a “center for excellence.” Couchbase will occupy a full floor at 4350 Lassiter, a three-story building within The Offices at North Hills complex. Ben Litke and Kristine Smith of Cushman & Wakefield represented Couchbase in the lease negotiations. Hooker Manning and Alex Mikels represented Kane Realty internally.

Continue Reading
FacebookTwitterLinkedinEmail
AbbVie-Durham-Rendering
DevelopmentLife SciencesNorth CarolinaSoutheastTop Stories

AbbVie to Invest $1.4B in New Pharmaceutical Manufacturing Facility in Durham, North Carolina

by Hayden Spiess

DURHAM, N.C. — Biopharmaceutical company AbbVie (NYSE: ABBV) has announced plans for a new pharmaceutical manufacturing campus located in Durham, according to North Carolina Gov. Josh Stein.  AbbVie will invest $1.4 billion in the project over four years, marking the company’s largest capital commitment for a single campus to date and its first investment in the Tarheel State. Last year, AbbVie unveiled plans for a $195 million expansion its manufacturing plan in its hometown of North Chicago. Both projects are part of AbbVie’s $100 billion commitment to grow its U.S. research-and-development and capital investments over the next decade. Upon completion, the Durham campus will total 185 acres and will include drug product manufacturing facilities, next-generation laboratories, a warehouse, administrative offices and employee wellness facilities. AbbVie plans to produce small volume parenteral (i.e. prefilled syringes and vials for injection or infusion) drug products at the facility. Construction of the Durham campus is scheduled to begin this year and be completed by the end of 2028. AbbVie expects the construction process to support 2,000 temporary jobs. Several state and local entities, including The North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, have collaborated with AbbVie on the project. AbbVie …

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyNorth CarolinaSoutheast

Walker & Dunlop Arranges $105M Refinancing for Maeve Apartment Tower in Raleigh

by John Nelson

RALEIGH, N.C. — Walker & Dunlop has arranged a $105 million loan for the refinancing of Maeve, a 20-story apartment tower located at 319 W. Lenior St. in Raleigh. Capital Square delivered the 297-unit high-rise last year. Alexandra Huffman, Justin Nelson and P.J. Feichtmeier of Walker & Dunlop arranged the floating-rate, interest-only bridge loan through TPG Real Estate Finance. Situated in Raleigh’s Warehouse district, Maeve offers studio, one-, two- and three-bedroom residences, as well as 10,000 square feet of retail space and amenities such as a resort-style pool and rooftop lounge.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts