Tuesday, May 26, 2026
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DevelopmentFloridaIndustrialLoansMixed-UseSoutheast

Columnar Begins Construction on 965-Acre Double Branch Mixed-Use Development in Metro Tampa

by John Nelson

SAN ANTONIO, FLA. — Columnar has begun construction on the first phase of Double Branch, a mixed-use development spanning 965 acres in San Antonio, a suburb of Tampa in Pasco County. Phase I comprises 75 Logistics at Double Branch, an industrial park entitled up to 4.5 million square feet of space that will be developed over multiple phases. Nathan Lynch and Mike Sogluizzo of Colliers arranged an undisclosed amount of construction financing through a life insurance company to finance the first phase of 75 Logistics at Double Branch. Concrete has been poured for the first phase, which is located at the intersection of I-75 and State Road 52. Phase I will comprise three rear-load facilities spanning more than 480,000 square feet combined. Additional plans for the industrial park call for a 1.6 million-square-foot build-to-suit distribution building and a 400,000-square-foot cross-dock facility. Future phases for Double Branch will include 1 million square feet of office space; 3,500 multifamily, townhomes and lifestyle residential units; 500,000 square feet of retail, restaurant and entertainment space; two hotels; 250 acres of healthcare, wellness and life sciences development; and more than 200 acres of parks and trails.

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AlabamaDevelopmentMixed-UseMultifamilyOfficeRestaurantRetailSoutheast

Emergent Properties, RNGD Break Ground on $50M Adaptive Reuse Project in Downtown Huntsville

by John Nelson

HUNTSVILLE, ALA. — Emergent Properties and RNGD have broken ground on The Lewter District, a $50 million adaptive reuse project in downtown Huntsville. Situated on 1.5 acres, the mixed-use development is a conversion and restoration of the historic Lewter Hardware Co. store that closed in 2022 after nearly a century of operation. Phase I of the development will feature 14 luxury residences along Washington Street called Lewter District Townhomes. Sanders Pace Architecture designed the residential community, which is expected to be completed by late 2025. Phase II comprises a renovation of the original hardware store building. The restored building will house farm-to-table restaurant Brick & Tin on the ground level and outdoor patio spaces as well as offices for RNGD on the second floor. Phase III calls for a ground-up, five-story office building. National law firm Maybard Nexsen has committed to occupying the top two floors of the office building, which will also feature ground-level retail space. EskewDumezRipple is the architect for the second and third phases of The Lewter District. Phases I and II are underway and Phase III is slated to break ground before the end of the year.

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AcquisitionsGeorgiaMultifamilySoutheast

FCP Sells Atlanta Apartment Community to Monday Properties, RSN Property Group for $36.8M

by John Nelson

ATLANTA — FCP has sold Villas at Princeton Lakes, a 210-unit apartment community located at 751 Fairburn Road SW in west Atlanta. A partnership between Monday Properties and RSN Property Group purchased the garden-style complex for $36.8 million. Travis Presnell and James Wilber of Cushman & Wakefield represented FCP in the transaction. Built in 2004, Villas at Princeton Lakes offers a mix of one-, two- and three-bedroom floor plans. FCP had originally purchased the community in late 2020 for $30 million, including the assumption of an existing mortgage, and implemented upgrades to the property’s common areas and exteriors.

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DevelopmentMississippiSelf-StorageSoutheast

U-Haul Opens 344-Unit Self-Storage Facility in Biloxi, Mississippi

by John Nelson

BILOXI, MISS. — U-Haul has opened U-Haul Moving & Storage of Biloxi, a 344-unit self-storage facility located at 12011 Old Highway 67 in Biloxi. This is the first U-Haul-owned and -operated location in Biloxi and the company’s 14th in Mississippi. The one-story facility was delivered over the summer and purchased/rebranded earlier this fall. U-Haul Moving & Storage of Biloxi is situated at Old Highway 67 and Cedar Lake Road, which is close to exit 44 of I-10 and Miss. Highway 15. The property features indoor climate-controlled units, high-tech security and a retail showroom with boxes and moving supplies. U-Haul plans to implement its suite of moving trucks, trailers, towing devices and propane tank exchange services at the Biloxi location in the near future.

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AcquisitionsRestaurantRetailSouth CarolinaSoutheast

Marcus & Millichap Brokers Sale of New Restaurant in Boiling Springs, South Carolina Leased to Whataburger

by John Nelson

BOILING SPRINGS, S.C. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a new restaurant in Boiling Springs, a city about eight miles northwest of Spartanburg, S.C. Texas-based burger chain Whatburger occupies the restaurant on a 15-year, corporate-guaranteed ground lease with planned rental increases and extension options for the tenant. Built on 1.5 acres earlier this year, the 3,318-square-foot restaurant serves as an outparcel to a Target-anchored shopping center. Don McMinn of Marcus & Millichap represented the seller, a developer based in Tennessee, in the sale. The buyer was an all-cash exchange investor. “This is our second Whataburger closing this month, and we are closing another one in Atlanta in December,” says McMinn. “Whataburgers continues to garner strong demand and attractive pricing from investors and are one of the more desirable QSR options in the market today.”

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Theatre-District-Living-UCSD-CA
CaliforniaDevelopmentMultifamilyStudent HousingWestern

University of California San Diego Completes 2,000-Bed Residence Hall Project

by Amy Works

SAN DIEGO — The University of California San Diego has completed the Theatre District Living and Learning Neighborhood, a 1.4 million-square-foot development offering 2,000 beds of housing for undergraduate students. The project, which comprises five buildings, was developed on a site formerly occupied by a surface parking lot. Units, including 48 beds reserved for resident advisors, are offered at below market-rate rents. Shared amenities include a 490-seat auditorium; large community areas, including retail and dining space; a food hall; conference center with four hotel rooms; fitness center; meditation pavilion; tea house; and academic and administration space. The property also features terraced parking gardens offering 1,200 spaces for residents, faculty and daily visitors. The project’s design-build team included architect HKS, design-builder Kitchell, associate architect EYRC and landscape architect SWA.

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Monterra-Apts-Tacoma-WA
AcquisitionsMultifamilyWashingtonWestern

Goodman Real Estate Sells Three Multifamily Properties in Tacoma, Washington for $102.6M

by Amy Works

TACOMA, WASH. — Goodman Real Estate has completed the disposition of three multifamily assets in Tacoma to American Capital Group for $102.6 million. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Totaling 557 units, the properties are situated within Tacoma’s Parkland neighborhood, which is accessible from Interstate 5 and Washington State Routes 512 and 7. The properties include:

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Huntington-Oaks-Center-Monrovia-CA.jpg
AcquisitionsCaliforniaRetailWestern

Hanley Brokers Sale of 250,787 SF Shopping Center in Southern California

by Amy Works

MONROVIA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of Huntington Oaks Center, a 250,787-square-foot shopping center located in Monrovia, approximately 20 miles outside Los Angeles. A Newport Beach, Calif.-based private investor sold the asset to a Los Angeles-based buyer for an undisclosed price. Built in 1984, the property was 75 percent occupied at the time of sale. Tenants at the center include Trader Joe’s, Burlington, Marshalls, Crunch Fitness, Chili’s Grill & Bar, Mimi’s Café, Chipotle Mexican Grill and Panda Express. A Kohl’s is also located at the property but was not included in the sale. Hanley Investment Group represented the seller, while the buyer was self-represented in the deal.

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CaliforniaLoansRetailWestern

JLL Arranges $12.5M Loan for Culver Theater in Culver City, California

by Amy Works

CULVER CITY, CALIF. — JLL Capital Markets has arranged $12.5 million in senior financing for Culver Theater, a movie theater in Culver City. Alex Olson, Joshua Blank and Sarah Kim of JLL Capital Market’s Debt Advisory represented the borrower, Oliver McMillan LLC, and secured the five-year, fixed-rate loan through Zions Capital Markets. Located at 9500 Culver Blvd., the 41,341-square-foot Culver Theater was built in 2004. The property features a six-screen movie theater experience with a full bar, theater snacks and kitchen fare, and plush seating along with six private sound stages. The theater, which was previously occupied by Arclight, was leased to a global e-commerce giant in June 2021 and opened to the public in 2022. The property is located across from Culver Studios, where a global e-commerce giant and movie production company operates more than 530,000 square feet of film and TV production space.

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10857-N-95th-Ave-Peoria-AZ
AcquisitionsArizonaIndustrialWestern

City of Peoria Acquires 81,060 SF Industrial Facility in Arizona for $11M

by Amy Works

PEORIA, ARIZ. — The City of Peoria, an Arizona municipal corporation, has purchased an industrial building at 10857 N. 95th Ave. in Peoria from Glez C Properties LLC for $11 million. The city will utilize the 81,060-square-foot property as a training facility for its police officers and a storage facility for its tactical vehicles. Built in 2005, the asset offers freeway access. Jeffrey Garza Walker of NAI Horizon represented the seller in the transaction.

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