Tuesday, October 6, 2026
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DevelopmentFloridaSoutheastStudent HousingTennessee

Subtext Completes Student Housing Developments in Florida, Tennessee

by John Nelson

ORLANDO, FLA. AND KNOXVILLE, TENN. — Subtext has completed two student housing developments in Florida and Tennessee. Projects include VERVE Orlando, a 626-bed community located at 3133 N. Alafaya Trail near the University of Central Florida campus in Orlando; and EVER Knoxville, a 498-bed property located at 1919 Lake Ave. near the University of Tennessee campus in Knoxville. VERVE Orlando spans 446,078 square feet and offers 200 units in studio through five-bedroom configurations. Shared amenities include a 24-hour fitness center, dedicated yoga room and wellness suite with sauna and meditation rooms; a courtyard pool; outdoor green space with fire pits and grilling stations; a karaoke lounge; golf simulator; speakeasy with arcade games; study lounge with private and group study pods, an outdoor study breezeway and a podcast and content creation room; lobby coffee bar; and a pet spa. VERVE Orlando was developed in partnership with FrontRange Capital Partners and Nuveen Real Estate. Financing was provided by Simmons Bank. Additional members of the development team included Dwell Design Studio, ESG Architecture & Design, Kimley-Horn and Associates and Live Oak Contracting. The 14-story EVER Knoxville development spans 329,294 square feet and offers 136 units in one- through-five-bedroom configurations. Shared amenities include a …

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DevelopmentFloridaLeasing ActivityRetailSoutheast

Walmart to Open 40,344 SF Grocery Store in Metro Miami

by John Nelson

DORAL, FLA. — Terra has signed Walmart to a 40,344-square-foot retail lease at Doral Atrium, a 78,000-square-foot lifestyle retail development in Doral, a western suburb of Miami. Walmart plans to open a new neighborhood-format grocery store at the project. Construction of the new Walmart Neighborhood Market is expected to begin this fall, with an anticipated opening in 2027. Other committed tenants at Doral Atrium include PNC Bank, Bonchon Chicken, Sushi Mas, Tremble Pilates and The Good Feet Store. Jonathan Carter and Pablo Camposano of Colliers are handling the leasing assignment at the retail center.

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DevelopmentMixed-UseNorth CarolinaRetailSoutheast

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

by John Nelson

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.

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AlabamaLoansMultifamilySoutheast

JLL Arranges $53M Refinancing for Apartment Community in Huntsville

by John Nelson

HUNTSVILLE, ALA. — JLL has arranged a $53 million refinancing loan for Bobo Development Group’s Arcadia Huntsville. The 250-unit property at 4810 Bradford Drive in Huntsville’s Cumming Research Park was completed in 2024. Newport Beach, Calif.-based Revitate is a limited partner in the project. Arcadia features studios, one- and two-bedroom floor plans, 18,000 square feet of retail and such amenities as a heated saltwater pool, clubhouse with demonstration kitchen, fitness center, coworking space, dog park, electric vehicle charging stations and outdoor grilling stations and lounge areas with gas fire pits. Gregg Shapiro, Anthony Sansone, Kelsey Bawcombe, Connor McCarthy and Jada Cooper headed up JLL’s team for the refinancing.

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Tollway-North-Office-Park-Plano
AcquisitionsOfficeTexas

KBS Sells 297,591 SF Tollway North Office Park in Plano

by Taylor Williams

PLANO, TEXAS — California-based investment firm KBS has sold the 297,591-square-foot Tollway North Office Park in Plano. The seven-building campus spans approximately 27 acres within Legacy Business Park and can support life sciences and light industrial users in addition to traditional office tenants. Chris Murphy, Gary Carr, Robert Hill and Austin Sheahan of Newmark represented KBS in the transaction. Scott Henry represented the buyer, Los Angeles-based investment firm BH Properties, on an internal basis. Tollway North Office Park was roughly 70 percent leased at the time of sale.

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DevelopmentIndustrialTexas

GPI Crest Underway on 202,284 SF Industrial Project in Brookshire, Texas

by Taylor Williams

BROOKSHIRE, TEXAS — GPI Crest, which is a joint venture between Giammalva Properties Inc. and Crest Realty Advisors, is underway on construction of a 202,284-square-foot industrial project in Brookshire, a western suburb of Houston. Known as Ninety West, the cross-dock building will be situated adjacent to Stream Realty Partners’ 2.3 million-square-foot Empire West development and will feature 36-foot clear heights. Powers Brown is the project architect, and Slate Construction is the general contractor. First Horizon Bank is financing the project, which is slated for a spring 2027 delivery. CBRE is the leasing agent.

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IndustrialLeasing ActivityLee & AssociatesTexas

Gulf Coast Crating Signs 151,650 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Gulf Coast Crating Inc. has signed a 151,650-square-foot industrial lease in Grand Prairie, located midway between Dallas and Fort Worth. The building at 1213 W. Carrier Parkway was completed in 1980 and totals 224,100 square feet. R.J. Flores, Mark Graybill and Reed Parker of Lee & Associates represented the undisclosed landlord in the lease negotiations. First Houston Properties represented Gulf Coast Crating.

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AcquisitionsIndustrialTexas

Brennan Buys 13,700 SF Industrial Outdoor Storage Facility in Metro Austin

by Taylor Williams

PFLUGERVILLE, TEXAS — Chicago-based Brennan Investment Group has purchased a 13,700-square-foot industrial outdoor storage (IOS) facility in the northern Austin suburb of Pflugerville. The facility, which was acquired via sale-leaseback with an undisclosed seller/tenant, was built on 3.4 acres in 2017 and features 24-foot clear heights, nine grade-level overhead doors, two five-ton cranes and a wash bay. The sales price was not disclosed.

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Loring-Towers-Salem-Massachusetts
Affordable HousingDevelopmentMassachusettsMultifamilyNortheast

Related Cos. Underway on $38M Renovation of Affordable Housing Community in Salem, Massachusetts

by Taylor Williams

SALEM, MASS. — Related Cos. is underway on the $38 million renovation of Loring Towers, a 250-unit affordable housing community located north of Boston in Salem that was built in 1974. Interior upgrades will cover floors, kitchen appliances and countertops and bathroom tubs, sinks and vanities. Related will also upgrade the lobby, community room and management office, repave the parking lot and add a carport structure. Lastly, ownership will replace the building’s roof and plumbing systems, enhance the security and HVAC systems, update the windows and elevators and install a basketball court and a new children’s playground. The renovations, which are expected to be complete in 2028, serve to preserve the property’s affordability status through 2056.

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Affordable HousingLoansMassachusettsMultifamilyNortheast

Northmarq Provides $22.8M Agency Acquisition Loan for Metro Boston Affordable Housing Complex

by Taylor Williams

LAWRENCE, MASS. — Northmarq has provided a $22.8 million Fannie Mae acquisition loan for Elora Flats & Townhomes, a 104-unit affordable housing complex in Lawrence, a northern suburb of Boston. Built in 2009, Elora Flats & Townhomes comprises six four-story buildings with 48 one-bedroom units, 23 two-bedroom residences and 33 three-bedroom apartments. All units are reserved for households earning 80 percent or less of the area median income. Kevin Sykes, Ed Riekstins and Jeffrey Munoz of Northmarq originated the loan through Fannie Mae’s Delegated Underwriting Service (DUS) program on behalf of the borrower, Arrowpoint Properties.

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