Monday, May 18, 2026
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West-Town-Corners
AcquisitionsFloridaRetailSoutheast

11North Acquires 285,497 SF Grocery-Anchored Retail Center in Altamonte Springs, Florida

by Abby Cox

ALTAMONTE SPRINGS, FLA. — 11North Partners has acquired West Town Corners, a 285,497-square-foot retail center located in Altamonte Springs, roughly 16 miles north of Orlando. Winn-Dixie anchors the property, which features a mix of additional tenants including PetSmart, T.J. Maxx, Five Below, Panera Bread, Bath & Body Works, Crumbl Cookies and American Signature Furniture. Danny Finkle and Jorge Portela of JLL represented the undisclosed seller in the transaction. Washington Prime Group sold the property for $59.5 million, according to several media outlets.

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GeorgiaLeasing ActivityOfficeRetailSoutheast

JLL Inks 70,000 SF of New Leases at Westside Paper Adaptive Reuse Development in Atlanta

by Abby Cox

ATLANTA — JLL has inked five new leases totaling 70,000 square feet at Westside Paper, a 15-acre adaptive reuse development located along the Atlanta BeltLine. Packsize, an on-demand packaging and automation company, signed a lease for 30,000 square feet. Construction Resources, which is owned by The Home Depot, is adding to their existing 50,000-square-foot showroom with a 23,000-square-foot office lease for its new headquarters. Disguise, a global visual experience technology company, will occupy 10,000 square feet, while Luxe Bridal will occupy 3,000 square feet. In the past 20 months, 180,000 square feet of new leases have been signed at Westside Paper. The project is now 75 percent occupied. Andrew Walker and Lauren Curran of Colliers represented Disguise; Jeremy Krause and Ben Kronman of CBRE represented Packsize; and Jeff Pollock of Pollock Commercial represented Luxe Bridal. David Horne, Caroline Fisher and Randy Joering of JLL represented ownership for the office lease negotiations, while Shelbi Bodner of Bridger Properties represented ownership for the retail leases. Developed and owned by FCP, a subsidiary of Federated Hermes Inc., and Atlanta-based Westbridge, Westside Paper is a 70-year-old former industrial warehouse that spans 245,000 square feet of mixed-use space.

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Crossroads-Savannah
DevelopmentGeorgiaLeasing ActivityRetailSoutheast

Ardent Signs Sprouts Farmers Market to Anchor Crossroads Shopping Center in Savannah

by Abby Cox

SAVANNAH, GA. — The Ardent Cos. has signed Sprouts Farmers Market to anchor Crossroads Shopping Center, a 92,000-square-foot retail center located in Savannah. Ardent will redevelop 28,000 square feet for the addition of Sprouts Farmers Market, as well as a second retail suite. In addition to repositioning the tenant mix, the Atlanta-based real estate firm will also upgrade the property’s façade. Demolition is expected to begin this summer, with a targeted opening in 2027. The development marks Sprouts Farmers Market’s first location in Savannah.

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Pennant-Park_Atlanta
GeorgiaLeasing ActivityOfficeSoutheast

Two Tenants Join Pennant Park Office Campus Near Atlanta Braves Stadium

by Abby Cox

ATLANTA — Two tenant have joined the tenant roster at Pennant Park, a six-building, 763,465-square-foot office complex located adjacent to The Battery Atlanta, the mixed-use village surrounding Truist Park, the home ballpark of the Atlanta Braves. Chattanooga College, a for-profit post-secondary institution, has signed an 11-year lease for 27,000 square feet, while parking garage operator LAZ Parking has signed a 10-year, 5,700-square-foot office lease that will serve as its regional headquarters. Both tenants will occupy space in the 360 Building at Pennant Park. Atlanta Braves Holdings Inc. — owner and operator of the Atlanta Braves MLB team, the Battery Atlanta mixed-use development and Truist Park — purchased Pennant Park in April 2025. 

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Market ReportsMarylandRestaurantRetailSoutheastSoutheast Market Reports

Retail Leasing, Development Activity ‘Slow and Steady’ in Baltimore Market

by John Nelson

Mirroring conditions nationally due to elevated interest rates, associated higher construction costs and general economic and geopolitical uncertainties, the volume of retail leasing and new development activity remains “slow and steady” in the greater Baltimore metropolitan region.  The collective business and real estate communities remain optimistic for a rebound later this year, given the robust fundamentals that remain constant locally and the lessons learned during a tepid first-quarter 2025, which was followed by an over-performing remainder of the year. We expect the same to occur in 2026, with robust third and fourth quarters on the horizon later this year. Interest rate complexities  Although interest rates have declined somewhat over the past year, the continued elevated climate has made all phases of the retail industry more expensive and forced developers and retailers to take a brief pause or to dig deeper for projected returns. More specifically, this has placed a halt on the future development of several new shopping centers in the Baltimore area due to higher financing costs, and multiple local retailers are also rethinking expansion plans because of steeper Small Business Administration and local banking loans.  Separate retail centers in Harford and Howard counties — after being designed and …

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AcquisitionsFloridaMultifamilySoutheast

CFAM, RPM Living Acquire 380-Unit Waterfront Multifamily Community in North Miami

by Abby Cox

NORTH MIAMI, FLA. — A joint venture between affiliates of Cantor Fitzgerald Asset Management (CFAM), the investment and asset management division of Cantor Fitzgerald, and RPM Living, have acquired Biscayne Shores, a 380-unit waterfront multifamily community located in North Miami. Miami-based Integra Investments, in partnership with Andrew Korge of Korgeous Group and David Larson of DCL Capital, developed the property in 2024. The purchase price was $151 million, according to various media outlets. Spanning 8.2 acres, the 15-story tower comprises 288 apartments and 92 townhomes ranging in configuration from studios to three-bedroom units. Biscayne Shores also offers approximately 15,000 square feet of amenity space that includes a fitness center, swimming pool, children’s playroom and a rooftop terrace.

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Aventon-Eva
DevelopmentFloridaMultifamilySoutheast

Aventon Breaks Ground on 270-Unit Residential Development in Tampa

by Abby Cox

TAMPA, FLA. — Aventon Cos. has broken ground on Aventon Eva, a 270-unit multifamily development located at the intersection of Little and Decubellis roads in Tampa. The developer will begin leasing the three-story, garden-style complex in July 2027. Aventon Eva will offer one-, two- and three-bedroom floorplans, as well as a resort-style swimming pool, clubhouse with dedicated remote workspace, pet spa and a 24/7 fitness center. The property marks Aventon’s third ground-up community in the Tampa Bay region.  The project team includes Cormia Design (architect) and Studio 5 Interiors (interior designer).

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McFarland-Farms
AcquisitionsDevelopmentMultifamilySoutheastTennessee

Alliance Residential to Develop 312-Unit Apartment Community in Mt. Juliet, Tennessee

by Abby Cox

MT. JULIET, TENN. — Alliance Residential has purchased 10 acres within McFarland Farms, a 110-acre mixed-use project in Mt. Juliet, approximately 17 miles east of Nashville. The Scottsdale, Ariz.-based developer plans to build a 312-unit apartment community on the site. Eric Deems and George Schubert of Atlanta-based Land Advisors Organization represented Alliance Residential in the land transaction. Further details of the multifamily development were not released. In addition to the new apartments, McFarland Farms will include a town center that compromises a mix of 184 townhomes and 175 single-family homes, as well as 35,000 square feet of commercial space for restaurants, retail and entertainment uses; a 4,300-square-foot public greenway; dog park; and a community amphitheater.  The five-phase development, which broke ground in early 2025, is being developed by Tulit Investment and is expected to be fully delivered in 2030.

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Tower-Square
GeorgiaLeasing ActivityOfficeSoutheast

CBRE Arranges 40,000 SF Office Lease at Tower Square in Midtown Atlanta

by Abby Cox

ATLANTA — CBRE has arranged a 40,000-square-foot office lease at Tower Square, a 1.5 million-square-foot office complex located at 675 W. Peachtree St. in Midtown Atlanta. The tenant, locally based medical imaging technology company OXOS, is relocating from its nearby headquarters at 1100 Peachtree. This transaction marks the first lease at Tower Square since AT&T vacated the 45-story building in 2020. Tower Square underwent a comprehensive repositioning following AT&T’s departure, including a renovated lobby, an activated 28,000-square-foot outdoor plaza and the buildout of The Exchange at Tower Square, a 75,000-square-foot retail and patio complex that includes tenants such as Planet Fitness, Five Iron Golf and onsite dining options. In addition, Tower Square is Midtown’s only office building with direct in-building access to MARTA. Jessica Doyle and Graham Little of CBRE represented the landlord, Icahn Enterprises, in the transaction. Chris Campbell of Cecil Campbell Real Estate represented the tenant.

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sarasota-square
DevelopmentFloridaMixed-UseSoutheastTop Stories

Torburn, Jamestown Announce Next Steps for Mixed-Use Redevelopment of Sarasota Square Mall in Florida

by Abby Cox

SARASOTA, FLA. — Torburn Partners, a real estate development and investment firm based in Chicago, and leasing and placemaking partner Jamestown are moving forward with Sarasota Square, a mixed-use redevelopment of the former Sarasota Square Mall. The mixed-use development spans nearly 100 acres at the corner of South Tamiami Trail and Beneva Road in Sarasota. Sarasota Square Mall originally opened in September 1977 and closed in December 2024. Phase I of the project, which is expected to be delivered in the first quarter of 2027, will introduce approximately 90,000 square feet of daily-needs tenants, such as Whole Foods Market, HomeSense, Charles Schwab, CAVA, Joe & the Juice and Chipotle Mexican Grill. Most recently, Warby Parker signed a 2,040-square-foot lease, bringing the first phase to 88 percent preleased. Additional leasing and development announcements will be shared as the project progresses. Jamestown, an Atlanta-based development and management firm that specializes in placemaking for retail and mixed-use environments, has begun leasing negotiations for Phase II. “With Phase II, we’re targeting operators that deliver a sense of discovery and a unique point of view,” says Adam Schwegman, head of retail leasing at Jamestown. “The early response from prospective tenants has been incredibly strong, reinforcing …

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