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AlabamaDevelopmentHospitalitySoutheast

Travel + Leisure Breaks Ground on $150M Sports Illustrated Resort Near University of Alabama

by Abby Cox

TUSCALOOSA, ALA. — Travel + Leisure Co., a vacation ownership and membership travel company, has broken ground on the $150 million Sports Illustrated Resort near the University of Alabama in Tuscaloosa. Slated to open in 2028, the planned mixed-use resort will feature a six-story tower with 75 hotel-managed condominiums and a six-story tower with 86 vacation ownership units, which will be connected by a central lobby. Owners and guests will have access to a lounge with stadium-style seating for watch parties, as well as a fitness center and pool deck amenities. The development will include retail and public-facing gathering spaces, including indoor/outdoor bars, a game lounge and a coffee bar. Plans also include a broadcast booth and rooftop terrace event space. Upon completion, the development will become the first ground-up collegiate Sports Illustrated Resort in the country, and will join previously announced projects in Baton Rouge, Nashville and Chicago. Travel + Leisure Co. operates, develops and manages the Sports Illustrated Resorts brand and its vacation club under a license from Authentic Brands Group, the owner of the Sports Illustrated name.

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AcquisitionsFloridaRetailSoutheast

Colliers Negotiates $25M Sale of Grocery-Anchored Retail Center in Orlando

by Abby Cox

ORLANDO, FLA. — Colliers has negotiated the sale of West Colonial Oaks, a 161,333-square-foot, grocery-anchored retail center located at the intersection of West Colonial Drive and Hiawassee Road in Orlando. A Dallas-based family office purchased the property for $25 million. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Newport Capital Partners, in the transaction. West Colonial Oaks was 95 percent leased at the time of sale to tenants including SuperFresh Market, Ollie’s Bargain Outlet, Family Dollar and Crazy Buffet. In November 2025, Japanese-inspired lifestyle and department store TesoLife signed a long-term lease at the center, in addition to Olive Garden and 7Brew, a drive-thru only coffee chain.

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The-Barfield
GeorgiaLeasing ActivityOfficeSoutheast

Omnissa Inks 56,202 SF Office Lease at Former IBM Campus in Sandy Springs, Georgia

by Abby Cox

SANDY SPRINGS, GA. — Omnissa, a Mountain View, Calif.-based enterprise software company, has signed on as the first major tenant at The Barfield, a two-building, 236,191-square-foot office complex in the Atlanta suburb of Sandy Springs. Beginning next summer, Omnissa will occupy the entire 56,202-square-foot third floor at the former IBM campus. Drawbridge Realty has owned the campus since 2015. Originally a build‑to‑suit development for an IBM subsidiary, the property has never been available for lease since it was developed. The Barfield is undergoing a $10 million repositioning program. Earlier this year, Drawbridge completed the first phase, which included Wi‑Fi‑enabled terrace lounges, outdoor basketball and pickleball courts, a bee sanctuary and a redesigned entry plaza with collaborative seating. The design team at ASD|Sky has created a second phase of interior improvements that features a grand staircase connecting the lobby to a café, social lounge, gaming area and a fitness center, as well as a yoga studio, locker rooms and showers. Along with a connected six-story parking garage, the campus also includes a 50,400-square-foot building leased to Children’s Healthcare of Atlanta and Aspen University. Jeff Bellamy of JLL represented Drawbridge Realty in the lease negotiations. Nima Ghomghani and Paul Holmes of CBRE represented …

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gibson-mill
AcquisitionsLoansMixed-UseNorth Carolina

Partnership to Recapitalize Gibson Mill Adaptive Reuse Development in Concord, North Carolina

by Abby Cox

CONCORD, N.C. — A partnership between Charlotte-based real estate investment firm White Point and the Liles family have announced plans to recapitalize Gibson Mill, a 653,000-square-foot adaptive reuse development located in Concord, a northeast suburb of Charlotte. White Point acquired a significant stake in the property, buying out former co-owners Joe Liles and Tom Cotter, who purchased the former Cannon Mills property in 2004. George Liles will remain part of the new ownership group, along with his four sons. Established in 1899, Gibson Mill sits on 33 acres and includes a food hall, The Depot Antique Mall, two craft breweries, restaurants and a classic car showroom, as well as office and warehouse space.

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DevelopmentIllinoisMidwestMultifamily

Flaherty & Collins Opens 219-Unit Luxury Apartment Complex in East Peoria, Illinois

by Kristin Harlow

EAST PEORIA, ILL. — Flaherty & Collins Properties has opened Phase I of Blutowne in East Peoria. The 219-unit, $66 million luxury apartment project includes studio, one- and two-bedroom residences along with 10,000 square feet of ground-floor retail space. Amenities include a heated saltwater pool, fitness center and rooftop sky lounge. Flaherty & Collins is preparing for Phase II, which will add 262 luxury apartment units and 12,000 square feet of retail space.

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AcquisitionsIndustrialMidwestWisconsin

Zilber Acquires 208,000 SF Industrial Property in Little Chute, Wisconsin

by Kristin Harlow

LITTLE CHUTE, WIS. — Zilber Property Group has acquired a 208,000-square-foot industrial building in Little Chute, about 25 miles southwest of Green Bay. Constructed in 1997 and renovated in 2010, the property is fully occupied by Progressive Converting Inc., an independent paper converter. The acquisition marks Zilber’s first in the Fox Valley area. The company now owns and manages nearly 10 million square feet across more than 50 industrial buildings in Wisconsin.

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DevelopmentIndustrialMidwestWisconsin

Luther Group Begins Development of 86,800 SF Spec Industrial Building in Cedarburg, Wisconsin

by Kristin Harlow

CEDARBURG, WIS. — Elm Grove, Wis.-based Luther Group has broken ground on an 86,800-square-foot spec industrial building in southeast Wisconsin’s Cedarburg. The project will be situated on 8 acres within Highway 60 Business Park, and flexible leasing options will be offered ranging from 15,000 to 86,800 square feet. Completion is slated for December 2026. Colliers is handling leasing.

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AcquisitionsIndianaMidwestRetail

Hanley Investment Group Arranges $5.3M Sale of Indiana Retail Center

by Kristin Harlow

TERRE HAUTE, IND. — Hanley Investment Group Real Estate Advisors has arranged the $5.3 million sale of Eastview Commons, a newly constructed, four-tenant retail property in Terre Haute. Hanley’s Dylan Mallory, in association with ParaSell Inc., represented the seller, Terre Haute-based Gibson Development. The buyer was a private investor based in Pennsylvania. Built in 2025, Eastview Commons is fully occupied and anchored by Chipotle. Additional tenants include Azzip Pizza, Route 46 Liquors and Nailvana. The 9,140-square-foot property is positioned as a pad to a Walmart Supercenter and is located less than a quarter-mile from the planned Lost Creek Landing, a new shopping center by Gibson Development.  

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Daitch-Pull-Quote
Data CentersDevelopmentIndustrialLoansTexasTop Stories

Rowan Digital Infrastructure Receives $3B in Construction Financing for Data Center Campus in Temple, Texas

by Taylor Williams

TEMPLE, TEXAS — Rowan Digital Infrastructure, a Denver-based data center owner-operator backed by Blackstone (NYSE: BX), has received $3 billion in construction financing for a new, 700-acre hyperscale campus in the Central Texas city of Temple. The facility could account for the creation of approximately 600 construction jobs and up to 40 permanent jobs. Rowan broke ground on the first phase of the 300-megawatt (MW) project earlier this year and expects construction to last 12 to 18 months. The names of the debt providers were not disclosed, but local media outlet KDH News reports that the deal represents “the largest financing transaction in the company’s history” since its founding in late 2020. According to the Temple Daily Telegram, the campus is located at 1855 Bob White Road on the city’s east side and has a Phase I price tag of $700 million. The local publication also reports that the site will not require the development of additional electrical infrastructure and that the facility will have a water recirculation system that will reduce stress on the regional water supply. “Securing this financing is a major moment for Rowan and reflects a significant level of trust from the industry’s largest capital providers,” says …

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Market ReportsRestaurantRetailSouth CarolinaSoutheastSoutheast Market Reports

With Suburban and Infill Projects, Columbia Takes the Next Step in its Retail Evolution

by John Nelson

As we wrap up April, Columbia’s retail market is growing in two distinct directions. Out in Lexington County and the northeast Richland County, new retail-anchored mixed-use projects are stepping up to meet the demands of a booming housing market. At the same time, downtown is getting a major facelift as new infill developments reshape the city center. Historically, Columbia has always had a reputation as a steady, reliable market — thanks to our major hospital systems, state government, universities and Fort Jackson. But that steady market is officially evolving. Between tightening vacancy rates and the massive wave of economic confidence brought on by the Scout Motors plant, Columbia has moved beyond just being a “safe bet” and is quickly emerging as a highly competitive powerhouse in the Southeast. Suburban powerhouse Platt Springs Crossing (South Lexington/Red Bank): A centerpiece of this growth is Platt Springs Crossing, a $65 million, 57-acre mixed-use development at the intersection of Platt Springs and Old Orangeburg roads, has seen overwhelming interest from national brands. • Anchor success: Lowes Foods opened its 51,000-square-foot store in late 2025, serving as a massive traffic driver. • Tenant velocity: Confirmed regional and national tenants include Chipotle Mexican Grill, Panda Express, …

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