DOUGLASVILLE, GA. — Corvant, an HVAC and mechanical plumbing manufacturer, has signed a full-building lease at LogistiCenter at Bright Star, a 113,865-square-foot industrial facility in Douglasville, a western suburb of Atlanta. The landlord, Dermody, recently delivered the rear-load facility, which features 32-foot clear heights, a 60-foot speed bay, 28 dock-high doors, two drive-in doors, approximately 90 automobile parking spaces and ESFR fire protection. Mason Marsteller of Hughes Commercial Real Estate represented Dermody in the lease negotiations. Angie Henry of The Realty Group represented Corvant.
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CARNESVILLE, GA. — Walmart Inc. (NASDAQ: WMT) has unveiled plans to build a fulfillment center in Carnesville, a city located about 85 miles from Atlanta in northeast Georgia. The project, which is expected to create 1,000 new jobs, comes as part of a larger, $1.3 billion capital investment in Franklin County. The 1.5 million-square-foot automated facility will be located within Franklin 85 Logistics Center. Construction is expected to begin later this year. According to Walmart, the company’s next-generation fulfillment centers are located in strategic markets to expand same-day and next-day shipping capabilities across the country. “As customer expectations continue to evolve, investments like our new fulfillment center in Carnesville help us deliver the speed, convenience and reliability customers count on,” says Karisa Sprague, senior vice president of supply chain for Walmart U.S. The Georgia Department of Economic Development worked on the project in partnership with the Franklin County Industrial Building Authority, Georgia EMC and Georgia Quick Start. The Arkansas-based retail giant’s presence in Georgia includes 209 Walmart stores and Sam’s Clubs as well as 11 supply chain facilities employing more than 65,300 associates across the state. With fiscal year 2026 revenue of $713 billion, Walmart employs approximately 2.1 million associates …
LONGVIEW, TEXAS — Fort Worth-based owner-operator Trademark Property Co. has provided updates on the repositioning of the 646,000-square-foot Longview Mall in East Texas. Since acquiring the mall a year ago in partnership with department store retailer Dillard’s, Trademark has upgraded the parking lot, exterior lighting and painting, landscaping and specialty leasing retail merchandising unit. Trademark is also planning to add a new children’s play area and update the interior paintwork and seating throughout the common areas.
ATHENS, TEXAS — Marcus & Millichap has brokered the sale of North Loop Mini Warehouses, a 277-unit self-storage facility in Athens, about 75 miles southeast of Dallas. The facility was built on 7.6 acres in 1994 and spans 53,812 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a local family, in the transaction and procured the buyer, a California-based private investor. Both parties requested anonymity.
HOUSTON — Locally based brokerage and investment firm Finial Group has acquired a 21,500-square-foot industrial building in North Houston. The building at 15375 Vantage Parkway E features 20-foot clear heights, two grade-level doors and four dock-high doors. The building was leased to Williams Insulation at the time of sale. The seller and sales price were not disclosed.
OKLAHOMA CITY — Dallas-based brokerage firm Summit RE has arranged the sale of Quail Springs Shoppes, an 11,397-square-foot retail strip center in Oklahoma City. Tenants include CNS Jewelry & Watch Repair and Sit Still Kids Salon. Hudson Lambert of Summit RE represented the seller, a local developer, in the transaction and procured the buyer, a 1031 exchange investor. Both parties requested anonymity,
CHICAGO — JLL has arranged the sale of a 10.5 million-square-foot industrial portfolio in the Southeast. EQT Real Estate is selling the 46-building portfolio to an affiliate of California-based LBA Realty for an undisclosed price. John Huguenard, Trent Agnew, Will McCormack and Tara Hagerty of JLL represented the seller in the transaction. Additionally, Kevin MacKenzie, Peter Thompson, Steven Klein and Chris Pratt of JLL arranged an undisclosed amount of acquisition financing through two national banks for the buyer. The sold portfolio features properties in 10 separate markets, including Charlotte and Greensboro, N.C.; Greenville-Spartanburg, S.C.; Atlanta and Savannah, Ga.; Tampa, Orlando and Jacksonville, Fla.; and Birmingham and Huntsville, Ala. The logistics facilities in the portfolio average 230,000 square feet in size, according to JLL.
MIAMI — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $245 million bridge loan for Phase IA of Upland Park, a $1 billion mixed-use development underway on 47 acres in Miami’s Sweetwater neighborhood. The transit-oriented project is a redevelopment of West Miami-Dade County’s former Dolphin Park-and-Ride/Transit Terminal Facility. The borrower and developer, Terra Group, will use proceeds of the loan to pay off the existing construction loan, which was also provided by SCALE Lending. The floating-rate loan features two six-month extension options. Terra expects to complete construction of the first phase, which comprises 578 apartments across five residential buildings, next month. The company has tapped Charleston-based Greystar as the property manager. Floorplans come in studio through three-bedroom configurations, with monthly rental rates ranging from $2,726 to $4,811, according to Apartments.com. Amenities will include pickleball courts, a dog park, bike storage, EV charging stations, swimming pools, lake access and a clubhouse featuring a theater, social lounges, a business center, fitness centers and a children’s playroom. The design-build team includes PPK Architects, master architect Arquitectonica and urban planner Plusurbia Design. At full completion, Upland Park will feature more than 2,000 apartments, a 126-room hotel, roughly 282,000 square …
Fairfield Acquires 812-Unit Apartment Community in West Palm Beach from Cortland for $208M
by John Nelson
WEST PALM BEACH, FLA. — Fairfield, a multifamily owner-operator based in San Diego, has acquired Portofino Place Apartments in West Palm Beach. Atlanta-based Cortland sold the 812-unit property to Fairfield for $208 million, according to multiple media outlets. Located at 4400 Portofino Way in West Palm Beach, Portofino Place features one-, two- and three-bedroom layouts, as well as two-story loft residences. Amenities include four resort-style swimming pools, a 24-hour fitness center, yoga studio, pickleball and tennis courts, indoor basketball court, coworking space, dog park and multiple social and recreation areas. Walker & Dunlop arranged the financing and brokered the transaction, according to Fairfield.
STONE MOUNTAIN, GA. — Home Invest, a private real estate investment firm based in Palm Beach Gardens, Fla., has purchased East Ponce Village, a 997-unit multifamily community located at 1310 Wood Bend Drive in Stone Mountain. The seller and sales price were not disclosed. Home Invest assumed operations of the distressed community prior to the sale being finalized and is investing in capital improvements for both the physical property and its resident programming. Built in 1987 roughly 20 miles east of Atlanta, East Ponce Village features two pools, a fitness center and a clubhouse.