Tuesday, June 30, 2026
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AlabamaDevelopmentIndustrialSoutheast

Farpoint Signs Automotive Supplier to 168,000 SF Industrial Lease at REAL Park in Tuskegee, Alabama

by John Nelson

TUSKEGEE, ALA. — Farpoint Development has signed Samkwang Co. to a full-building lease at Building 100, a 168,000-square-foot industrial facility located within the Regional East Alabama Logistics (REAL) Park in Tuskegee. The South Korea-based tenant is a manufacturer and supplier to automotive giants such as Kia and Hyundai, which operate plants in both directions of REAL Park via I-85. Samkwang also manufactures electronics products for companies including Samsung. Situated off exit 42 on I-85 in east Alabama’s Macon County, Building 100 is the first facility within Farpoint’s 700-acre logistics park, which will span 7 million square feet of Class A industrial space upon completion. The Chicago-based developer delivered the facility in May 2023. Opportunity Alabama (OPAL) assisted in the landmark deal with Samkwang, which is expected to create hundreds of jobs in the region. William Wilson of Jim Wilson & Associates arranged the lease transaction.

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AcquisitionsMidwestMissouriRetail

FNRP Acquires Schnucks-Anchored Shopping Center in Florissant, Missouri

by Kristin Harlow

FLORISSANT, MO. — First National Realty Partners (FNRP) has acquired Florissant Marketplace, a grocery-anchored shopping center in the St. Louis suburb of Florissant. The property is 98 percent leased and anchored by a 70,262-square-foot Schnucks store. The grocer, which maintains over 115 stores in the Midwest, has operated at Florissant Marketplace for more than 20 years. Additional tenants include Crunch Fitness, Pet Supplies Plus, Wing Stop and AT&T. Current inline tenants have a weighted average tenure exceeding 11 years. Chase Young of CBRE represented the undisclosed seller. FNRP now owns four grocery-anchored centers totaling over 950,000 square feet in Missouri. All are located within metro St. Louis.

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AcquisitionsAlabamaSoutheastStudent Housing

Tailwind Group Acquires 576-Bed Student Housing Community Near Auburn University

by John Nelson

AUBURN, ALA. — Tailwind Group has acquired The Beacon, a 576-bed student housing community located near the Auburn University campus in Alabama. Ryan Lang of Newmark brokered the acquisition of the property from an undisclosed seller. The sales price was not released. The garden-style community offers 180 units in two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include shuttle service to campus, a pet park, swimming pool, sundeck, outdoor grill station, 24-hour fitness center, outdoor fireplace, sand volleyball court, computer lab, study room, coffee bar and a package room. The new ownership plans to renovate the community this fall, with updates planned for the clubhouse as well as shared amenity spaces and the property’s exterior. The community will also be rebranded The Quarters Auburn.

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FloridaGeorgiaIndustrialLoansNorth CarolinaSoutheast

McCraney Property Obtains $55M Refinancing for Southeast Industrial Portfolio

by John Nelson

ORLANDO, FLA. — McCraney Property Co. has obtained three loans totaling $55 million for the refinancing of a Class A industrial portfolio in the Southeast. Melissa Rose, Michael DiCosimo and Nicole Barba of JLL arranged the three non-recourse loans on behalf of the Orlando-based industrial developer. The direct lenders were not disclosed. Built between 2023 and 2024, the portfolio includes 41 Logistics in Adairsville, Ga. (390,498 square feet); Royal Palm Logistics in Royal Palm Beach, Fla. (128,684 square feet); and Davidson 85 in Concord, N.C. (146,628 square feet). The portfolio was 94.7 percent leased at the time of financing to a diverse tenant roster. The refinancing comprised a $25.8 million loan for 41 Logistics, a $16 million loan for Royal Palm Logistics and a $13.2 million loan for Davidson 85.

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AcquisitionsAffordable HousingLouisianaMultifamilySoutheast

VPG Holdings, ASCP Purchase 250-Unit Affordable Housing Community in New Orleans

by John Nelson

NEW ORLEANS — VPG Holdings and American South Capital Partners (ASCP), which is a joint venture between SDS Capital Group and Vintage Realty Co., has acquired The Marquis, a 250-unit affordable housing community located at 2651 Poydras St. in New Orleans. The seller and sales price were not disclosed. The Marquis was built in 2009 and features a mix of one-, two-, three- and four-bedroom apartments, with most units reserved for tenants earning less than 60 percent of the area median income (AMI). VPG and ASCP plan to fund deferred maintenance and interior improvements at The Marquis, with the focus on implementing more energy and water efficient appliances including water heaters, dishwashers, refrigerators and air conditioners.

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CivicLeasing ActivityNew YorkNortheast

Kaplan Career Academy Signs 38,500 SF Lease in Wappingers Falls, New York

by Taylor Williams

WAPPINGERS FALLS, N.Y. — Kaplan Career Academy has signed a 15-year, 38,500-square-foot lease in Wappingers Falls, about 85 miles north of New York City. The school, which is part of the Greenburgh North-Castle Union Free School District, will relocate from nearby New Windsor to the building at 29 Marshall Road. The new space will serve as the new home for the Special Act School, which serves students with disabilities. Stephen Powers, Alexander Smith and Kate Whitman of OPEN Impact Real Estate represented Kaplan Career Academy in the lease negotiations. Thylan Associates represented the undisclosed landlord.

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Leasing ActivityNew HampshireNortheastRestaurantRetail

Three New Retailers to Join Tuscan Village in Salem, New Hampshire

by Taylor Williams

SALEM, N.H. — Three new retailers will join the tenant roster at Tuscan Village, a 170-acre mixed-use development in Salem that is a redevelopment of the former Rockingham Park horseracing complex. Grocer Whole Foods Market, eyewear provider Warby Parker and ice cream maker Salt & Straw will all open new stores at Tuscan Village in 2025. Square footages of spaces were not disclosed.

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AcquisitionsNorth CarolinaRestaurantRetailSoutheast

Marcus & Millichap Brokers Sale of New Restaurant in Franklin, North Carolina Leased to Starbucks

by John Nelson

FRANKLIN, N.C. — Taylor McMinn Retail Group, an Atlanta-based retail investment sales team within Marcus & Millichap, has brokered the sale of a newly constructed, single-tenant retail property located at 1352 Siler Road in Franklin. Starbucks Coffee occupies the building — which totals 2,500 square feet — on a 10-year corporate lease with rent increases. The Starbucks is shadow-anchored by the closest Walmart store to Highlands, a popular vacation destination in western North Carolina. Don McMinn of Taylor McMinn Retail represented the seller, a Georgia-based developer, in the all-cash, 1031 exchange. The out-of-state buyer and the sales price were not disclosed. “You can’t overemphasize the impact that price point has on pricing in today’s market,” says McMinn. “In some cases, price point is more critical than credit compared to where deals are trading and when.”

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AcquisitionsHospitalityTexas

Xenia Hotels & Resorts Sells Fairmont Dallas for $111M

by Taylor Williams

DALLAS — Xenia Hotels & Resorts (NYSE: XHR) has sold the 545-room Fairmont Dallas hotel for $111 million. The sales price equates to approximately $204,000 per room and represents a cap rate of 10 percent. The pet-friendly hotel, which opened in 1969, is located at 1717 N. Akard St. in the downtown area and offers both traditional guestrooms and suites. Amenities include a pool, meeting and event space and multiple onsite food-and-beverage options. The buyer was not disclosed. Xenia acquired the property in 2011 for $69 million.

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3040-Post-Oak-Houston
AcquisitionsOfficeTexas

Braun Enterprises Buys 426,000 SF Office Building in Houston’s Galleria District

by Taylor Williams

HOUSTON — Local investment firm Braun Enterprises has purchased 3040 Post Oak, a 426,000-square-foot office building in Houston’s Galleria district. The building is situated adjacent to the Galleria Mall and offers amenities such as a tenant lounge and grab-and-go market. Braun plans to implement a capital improvement program that will include the addition of a modern fitness center, a new coffee bar and comprehensive lobby and exterior upgrades. Stream Realty Partners leases and manages the building. The sales price was not disclosed.

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