GREENVILLE, S.C. — SunCap Property Group, in partnership with Peakline Real Estate Funds, has broken ground on Markley + Main, a 277-unit apartment community located in Greenville’s West End. Cline Design Associates and McMillan Pazdan Smith Architecture are designing the project, and C. Herman Construction is serving as the general contractor. The six-story complex will offer studio to three-bedroom apartments, ranging in size between 650 square feet and 1,150 square feet. Resident amenities will include a clubroom, resort-style swimming pool, fitness center, rooftop lounge, coworking spaces, golf simulator and covered parking with electric vehicle charging stations. Situated adjacent to Fluor Field, home of the Greenville Drive Minor League Baseball team, the development will also offer 10,700 square feet of street-level retail space. JLL arranged equity placement on behalf of Peakline Real Estate Funds. Leasing and property management of the complex is still being determined. Markley + Main marks SunCap’s first multifamily project in Greenville.
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MIAMI — Newmark has arranged a $111 million construction loan for The Perrin, a 310-unit multifamily development located at 901 SW 3rd Ave. in Miami’s Brickell district. Danny Matz of Newmark secured the financing on behalf of the borrower, The Empira Group. Goldman Sachs provided the loan. The 26-story project will feature a mix of studios, one-, two- and three-bedroom floorplans, 2,500 square feet of ground-floor retail space and 380 parking spaces. Amenities at the property will include a fitness center with a yoga room, coworking spaces, entertainment lounge, resort-style pool with cabanas, barbecue grills, a rooftop Zen garden and a tea room. The development also offers immediate access to I-95 and the Brickell Metrorail station. The Perrin, which is Empira’s first high-rise development in the United States, is slated for completion in 2028.
JACKSONVILLE, FLA. — Atlanta-based Mesa Capital Partners has acquired The Julington, a 260-unit luxury apartment community located in the Mandarin neighborhood of Jacksonville. Constructed in 2023 by RISE Development, the complex offers one-, two- and three-bedroom floorplans, ranging in size from 765 square feet to 1,426 square feet. The property features elevator-serviced units, as well as resident amenities such as private coworking spaces, a resort-style pool deck, pet spa and Zen garden. Walker & Dunlop’s Atlanta office arranged the financing for the acquisition. The sales price was not disclosed. Pegasus Residential will oversee day-to-day management of the property.
Colliers Negotiates $10.6M Sale of Habersham Crossing Shopping Center in Cornelia, Georgia
by Abby Cox
CORNELIA, GA. — Colliers has negotiated the $10.6 million sale of Habersham Crossing, a 149,397-square-foot shopping center located in Cornelia. Goodwill, Tractor Supply Co., Ross Dress for Less and Dollar Tree anchor the center, which was fully leased at the time of sale. Additional tenants include Bath & Body Works, Palm Beach Tan, TB Nails & Spa and Habersham Package. Scott Israel and Joe Montgomery of Colliers represented the seller, an entity doing business as Habersham ZMCS LLC, in the transaction. The buyer was not disclosed.
COLUMBUS, OHIO — Vista Residential Partners has broken ground on Greenway Vista, a 312-unit multifamily development in Columbus. Situated near Rickenbacker Airport and Anduril’s planned mega-facility, Greenway Vista will offer a mix of one- and two-bedroom apartments averaging approximately 840 square feet in size. Parse Capital and Old National Bank provided financing for Greenway Vista. Designed by Columbus-based ArchAll Architects, the garden-style apartment community will feature a 6,500-square-foot clubhouse with fitness and business centers, resort-style swimming pool with cabanas and grilling area, a large central green area with a gameday pavilion and outdoor grill station, community garden and a pet park. The 25-acre community will also have direct access to Blacklick Greenway Trail, a 12-mile trail that runs between Reynoldsburg and Groveport on the southeastern edge of Columbus.
FAIRVIEW PARK, OHIO — JLL Capital Markets has arranged the $51.5 million sale of Westgate Shopping Center, a 311,440-square-foot regional power center located in the Cleveland suburb of Fairview Park. Originally built in the mid-1950s and renovated in 2007, Westgate Shopping Center sits on 55 acres. Michael Nieder and Brian Page of JLL’s Investment Sales and Advisory team represented the seller, The RH Johnson Co., in the transaction. The buyer was Phillips Edison & Co. Target, Lowe’s Home Improvement, Kohl’s, Planet Fitness, Petco, Marshalls and Ulta Beauty anchor the center, which was 97.2 percent leased at the time of sale. Other tenants include Bath & Body Works, Five Guys, Jersey Mike’s, Club Pilates, The Joint, Great Clips and Five Below. In the past three years, ownership has executed 17 new leases or relocations and 13 extensions totaling more than 130,000 square feet.
SELLERSBURG, IND. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Heritage Square, a 183-unit multifamily community located roughly 10 miles north of Louisville, Ky. Built in 2022 on nine acres, the garden-style apartment complex features one-, two- and three-bedroom floorplans ranging in size from 660 square feet to 1,765 square feet. Amenities at the property include a clubhouse, fitness center and a dog park. Aaron Kuroiwa, Will Balthrope and Drew Garza of IPA, as well as Tony Rogers of Marcus & Millichap, represented the seller, Form G Cos., and procured the buyer, Focused Capital, in the transaction. Josh Caruana served as Marcus & Millichap’s broker of record in Indiana in the deal.
CHICAGO — Canyon Partners Real Estate has provided a $47 million senior loan for the refinancing of American House Oak Park, a 174-unit seniors housing community in the Oak Park neighborhood of Chicago. A joint venture between affiliates of AEW Capital Management and REDICO was the borrower. The property comprises 74 independent living, 65 assisted living and 35 memory care units. Amenities at the community include a rooftop lounge, roof terraces, fitness options, a salon, game room, art studio and theater. Newmark facilitated the financing.
WAWA, PA. — Wawa Inc., a gas station and convenience store chain, has opened its first three stores in Indiana. Located in Daleville, Nobleville and Clarksville, the new stores are the first of eight stores slated to open by the end of the year. Additional store locations in Indiana are planned in Brownsburg, Cumberland, Plainfield and Westfield. Wawa expects to open its next store in Indianapolis at 3835 E. 96th St. in July. Wawa’s portfolio spans 1,125 stores, including store locations in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida, North Carolina, Alabama, Georgia, Ohio, Indiana and Washington, D.C.
GUNTER, TEXAS — Centurion American Development Group has unveiled plans for Platinum Ranch, a 2,000-acre mixed-use development that will be located in the North Texas city of Gunter. The site is located less than a mile from Preston Road and offers frontage along Grayson County Toll Road. Plans call for 4,200 single-family residential homes and 29 acres that will be dedicated to residential villas that are zoned for up to 290 units. Platinum Ranch will also feature 277 acres of commercial and multifamily development, with the latter component having a maximum of about 3,000 units, as well as 223 acres of green space that will include a community park and several amenity centers. Preliminary sitework is scheduled to begin in the fourth quarter.