Development

SunCap to Develop 959,822 SF Industrial Project Near Port of Savannah

by John Nelson October 14, 2026

POOLER, GA. — SunCap Property Group has purchased 65 acres in Pooler, a western suburb of Savannah, for the development of Pine Meadow Logistics Park. Situated at Pine Meadow Drive and Pine Barren Road, the two-building development will span 959,822 square feet at full build-out. SunCap has tapped Hilary Shipley and Sebastian Findlay of Colliers Savannah to lease Pine Meadow, which sits within close proximity to I-95, I-16 and the Port of Savannah’s Garden City Terminal. The project will comprise a 606,323-square-foot cross-dock building and a 353,499-square-foot rear-load facility. SunCap expects to deliver both buildings by October 2027.

October 14, 2026

Development Georgia Multifamily Southeast

RangeWater, NSKRE Break Ground on 274-Unit Apartment Development at Lulah Hills in Decatur, Georgia

by John Nelson October 14, 2026

DECATUR, GA. — RangeWater Real Estate and Nippon Steel Kowa Real Estate Co. (NSKRE) have broken ground on Ellory House, a 274-unit apartment community at Lulah Hills, a 78-acre mixed-use development underway in Decatur, an eastern suburb of Atlanta in DeKalb County. EDENS is the master developer of Lulah Hills, which is a redevelopment of the former North DeKalb Mall. EDENS is also listed as a sponsor for the Ellory House project, which will be located directly along Lulah Hills’ main street, Lulah Avenue, and across from Lemon Park, the development’s largest green space. In addition to apartments, Ellory House will feature 39,000 square feet of ground-level retail space. The construction timeline was not released. This development represents RangeWater’s first development deal with NSKRE and its 31st in the Atlanta market.

October 14, 2026

Development Loans Multifamily New York Northeast

Walker & Dunlop Arranges $203M Construction Loan for Manhattan Multifamily Project

by Taylor Williams October 14, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $203 million construction loan for 50 Third Avenue, a 184-unit multifamily project that will be located in Manhattan’s East Village. The 17-story building will include 37 affordable housing units that will be reserved for households earning 80 percent or less of the area median income, as well as 12,529 square feet of ground-floor retail space. Amenities will include a fitness center with a yoga studio, sauna and cold plunge, a golf simulator, coworking space, resident lounge and multiple terraces. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer and Sean Bastian of Walker & Dunlop arranged the floating-rate, interest-only loan through Ironsand. The borrower is a joint venture between SK Development and Kinsmen Property Group.

October 14, 2026

Development Indiana Industrial Midwest

Echo Real Estate Capital to Build 395,000 SF Industrial Development in Indianapolis

by Kristin Harlow October 14, 2026

INDIANAPOLIS — Echo Real Estate Capital Inc. has acquired 30 acres in Park 100 in Indianapolis. The two land sites currently feature three obsolete office buildings totaling 450,000 square feet that were formerly occupied by United Health Group and Genesys. The sellers were Ventas and The RMR Group, respectively. Echo plans to build Echo Business Park @P100, which will feature multi-tenant industrial facilities for users such as trade contractors, last-mile logistics, light manufacturing and distribution. Suite sizes will range from 7,000 to 80,000 square feet. Demolition is scheduled to begin later this month. Phase I of the project, located on the southern half of the site, will be comprised of three buildings totaling 195,000 square feet and is scheduled for completion in fourth-quarter 2027. Phase II, on the northern half, will feature an additional 200,000 square feet. Construction on Phase II is anticipated to commence in 2027 with delivery in 2028. Korey Ryan of Colliers will serve as leasing agent. CIBC is providing debt financing, and Keeley Construction is the general contractor. Powers Brown is the architect, and SpaceCo is the civil engineer.

October 14, 2026

Development Industrial Midwest Nebraska

Opus Breaks Ground on 65,000 SF Build-to-Suit for Viking Industrial Painting in Omaha

by Kristin Harlow October 14, 2026

OMAHA, NEB. — Opus has broken ground on a 65,000-square-foot build-to-suit facility for Viking Industrial Painting in Omaha. The project, located in Rainwood Industrial Park, will serve as the 25-year-old company’s new headquarters and operations base. Viking Industrial Painting specializes in inspecting, painting and maintaining municipal water towers and maintains six regional offices across the country. Opus is the developer and design-builder on the project. Completion is slated for July 2027.

October 14, 2026

Development Industrial Texas

Mohr Capital Breaks Ground on 371,388 SF Warehouse in East Houston

by Taylor Williams October 13, 2026

HOUSTON — Dallas-based development and investment firm Mohr Capital has broken ground on Oates 610, a 371,388-square-foot warehouse in East Houston. The site spans 22.3 acres at the intersection of I-610, I-10 and U.S. Highway 90. Oates 610 will feature a cross-dock configuration, 36-foot clear heights, 80 dock doors and 91 trailer storage stalls. Ware Malcomb is the project architect, and Kimley-Horn is the civil engineer. Cadence McShane is the general contractor, and JLL is the leasing agent. Construction is expected to be complete in the second quarter of next year.

October 13, 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

Acquisitions Colorado Development Industrial Western

CBRE Negotiates Sale of Proposed 386,489 SF Novera Commerce Center in Westminster, Colorado

by Amy Works October 13, 2026

WESTMINSTER, COLO. — CBRE has arranged the sale of Novera Commerce Center, a proposed three-building industrial development in Westminster. Opus Development sold the project to Principal Asset Management for an undisclosed price. Todd Witty and Daniel Close of CBRE represented the seller and have been retained by the new ownership to lead leasing efforts for the development. Located at 13900 Huron St., the 386,489-square-foot project will comprise three buildings ranging from 89,000 square feet to 195,000 square feet. Slated for delivery in the second half of 2027, the development will offer flexible suite configurations, ample loading capacity, trailer parking and modern industrial specifications designed to accommodate a broad range of users. Buildings will accommodate users as small as approximately 18,700 square feet, providing flexibility for a range of occupier sizes.

October 13, 2026

Shea-Center-Industry-City-of-Industry-CA

California Development Industrial Western

Shea Properties Begins Construction on 118,232 SF Industrial Project in City of Industry, California

by Amy Works October 13, 2026

CITY OF INDUSTRY, CALIF. — Shea Properties has started construction on Shea Center Industry, a Class A industrial development in City of Industry. Totaling 118,232 square feet, Shea Center Industry will feature a 48,073-square-foot building and a 70,159-square-foot building, with 5,000 square feet to 7,000 square feet of office space. Completion is slated for late 2027. The buildings will feature 32-foot clear heights, ESFR fire suppression, grade-level and dock-high doors, dedicated office space and ample parking. Each building will have a fenced, private concrete yard with electric rolling gate operators.

October 13, 2026

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