Southeast

Crescent Communities to Develop 303-Unit Apartment Community at North DeKalb Mall Redevelopment Project

by John Nelson December 11, 2025

DECATUR, GA. — Crescent Communities plans to begin construction this month on NOVEL Lulah Hills, a 303-unit apartment community in Decatur. The six-story community, which will feature nearly 40,000 square feet of retail space on the ground level, is a multifamily component within Lulah Hills, EDENS’ 78-acre mixed-use redevelopment of the former North DeKalb Mall. The apartment community will offer a mix of studio, one-, two- and three-bedroom apartments, as well as a pool with cabanas, a beer and game garden, outdoor dining spaces, flexible space for workshops and events, a craft closet, stocked dining pantry and a terrace with firepits and lounge seating. The overall Lulah Hills project, delivered over multiple phases in the coming years, will offer approximately 300,000 square feet of retail and restaurants, a Publix grocery store, 1,800 residential units and multiple green spaces. Crescent Communities plans to deliver NOVEL Lulah Hills in late 2027.

December 11, 2025

Industrial Leasing Activity North Carolina Southeast

Mapletree Signs Lenovo to 520,583 SF Industrial Lease Near Greensboro, North Carolina

by John Nelson December 11, 2025

WHITSETT, N.C. — Mapletree Investments has signed Lenovo to a 520,583-square-foot industrial lease in Whitsett, a city near Greensboro in North Carolina’s Piedmont Triad region. The global tech manufacturer will fully occupy 6550 Judge Adams Road, a facility within the 1,400-acre Rock Creek Center industrial park in Guilford County. The facility offers 509,393 square feet of warehouse space and an 11,190-square-foot office component. Lenovo will use the site to manufacture servers for data centers, while continuing operations at its nearby fulfillment center. Lenovo plans to invest $77 million into the project, which will create 420 new jobs. Greg Wilson of CBRE represented Mapletree, which owns the property under its Mapletree US Logistics Private Trust investment vehicle. Jason High and Dodson Schenck, also with CBRE, represented Lenovo in the lease negotiations.

December 11, 2025

Alabama Loans Retail Southeast

CBRE Arranges $57M Refinancing for 422,337 SF Power Retail Center in Birmingham

by John Nelson December 11, 2025

BIRMINGHAM, ALA. — CBRE has arranged a $57 million loan for the refinancing of Brook Highland Plaza, a 422,337-square-foot power retail center located on 52 acres along U.S. Highway 280 in Birmingham. Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE’s Debt & Structured Finance team in Atlanta arranged the loan through an undisclosed life insurance company on behalf of the borrower, First National Realty Partners. Brook Highland Plaza was 94.4 percent leased at the time of sale to tenants including Sprouts Farmers Market, Best Buy, Burlington, HomeGoods, Michaels, Shoe Station and Ashley Home Furniture.

December 11, 2025

Acquisitions Florida Retail Southeast

Benderson Acquires 216,692 SF Shopping Center in Metro Tampa Anchored by Whole Foods, Target

by John Nelson December 11, 2025

CLEARWATER, FLA. — Benderson Development has purchased Clearwater Shoppes, a 216,692-square-foot shopping center located at 27001 U.S. Highway 19 N in Clearwater, a Tampa suburb in Pinellas County. Seritage Growth Properties, the retail REIT spun off from Sears Holdings, sold the shopping center to Benderson for an undisclosed price. Danny Finkle, Jorge Portela, Kim Flores and Evan Lahr of JLL represented the seller in the transaction. Situated on 14.5 acres adjacent to the 1.3 million-square-foot Countryside Mall, the shopping center’s tenant roster includes Whole Foods Market, Target and Nordstrom Rack.

December 11, 2025

Acquisitions Florida Seniors Housing Southeast

Berkadia Brokers Sale of 94-Unit Independent Living Community in Niceville, Florida

by John Nelson December 11, 2025

NICEVILLE, FLA. — Berkadia has brokered the sale of American House Bluewater Bay, a 94-unit independent living community located in Niceville, roughly 10 miles northeast of Destin, Fla. Built in 2015, the community was more than 95 percent occupied at the time of sale. Michigan-based real estate development and investment company REDICO sold the property. American House, the senior living operator affiliate of REDICO, will continue to operate the community on behalf of the new ownership.

December 11, 2025

Acquisitions Arizona Florida North Carolina Oklahoma Retail Texas Top Stories

Partnership Acquires Multi-State Shopping Center Portfolio for $429M

by Hayden Spiess December 11, 2025

ELMSFORD AND NEW YORK CITY, N.Y. — DLC, in partnership with a fund managed by DRA Advisors, has acquired a multi-state shopping center portfolio in an off-market transaction for $429 million. Totaling 2.1 million square feet, the portfolio comprises eight shopping centers across five states. The seller was not disclosed. The properties include Central Texas Marketplace in Waco, Texas; Portofino Shopping Center in the Houston suburb of Shenandoah; Watauga Pavilion in the Dallas suburb of Watauga; Shops at Park Place in Plano, Texas; Pavilion at King’s Grant in the northeast Charlotte suburb of Concord, N.C.; International Speedway Square in Daytona Beach, Fla.; Peoria Square in Glendale, Ariz.; and Belle Isle Station in Oklahoma City, Okla. The portfolio was 91.3 percent leased at the time of sale. Long-term tenants across the portfolio include Nordstrom Rack, REI, T.J. Maxx, Ross Dress for Less, Dick’s Sporting Goods, HomeGoods, Marshalls, Total Wine & More and Ulta Beauty. This portfolio marks DLC’s first retail acquisitions in Phoenix and Oklahoma and expands the company’s existing presence in Texas and Florida. In October, DLC and DRA Advisors purchased a $625 million retail portfolio on the West Coast. The two organizations have now completed more than $1.7 billion of …

December 11, 2025

Acquisitions Multifamily Southeast Tennessee

Continental Realty Assets, CP Capital Purchase 336-Unit Apartment Community in Metro Nashville

by John Nelson December 10, 2025

ANTIOCH, TENN. — A partnership between Continental Realty Assets (part of Continental Realty Group) and CP Capital has purchased Discovery at Mountain View Apartments, a 336-unit multifamily community located in the Nashville suburb of Antioch. This is the first Nashville-area acquisition for the partnership and its fourth purchase total. The seller and sales price were not disclosed. Delivered in 2008, Discovery at Mountain View offers studio, one-, two- and three-bedroom apartments. Amenities include a clubhouse/leasing office, swimming pool, fitness center, business center and a dog park. Continental Realty Assets plans to modernize the apartment interiors and renovate the property’s exteriors and common areas during its ownership.

December 10, 2025

Build-to-Rent Georgia Loans Multifamily Single-Family Rental Southeast

BWE Provides $38.5M Loan for Build-to-Rent Community in Kathleen, Georgia

by John Nelson December 10, 2025

KATHLEEN, GA. — BWE has provided a $38.5 million loan for Encore at Beacon Place, a 252-unit build-to-rent community located at 40 Cohen Walker Drive in Kathleen, about seven miles south of Warner Robins in central Georgia. Paul Harbor and Caleb Carter of BWE’s Birmingham office originated the bridge loan on behalf of the borrower, a multifamily investment firm based in Alabama. Delivered in February 2025, Encore at Beacon Place offers a mix of one-, two- and three-bedroom cottages. Amenities include a resort-style saltwater pool, pickleball court, clubhouse with a 24-hour fitness center with a fitness studio, community gathering room, business center, cyber café with complimentary Wi-Fi and a coffee bar.

December 10, 2025

Acquisitions Georgia Southeast Student Housing

JLL Negotiates Sale of 532-Bed Student Housing Property Near Georgia Southern University

by John Nelson December 10, 2025

STATESBORO, GA. — JLL has negotiated the sale of Market 100, a 532-bed student housing community located at 100 Bermuda Run Road in Statesboro, less than a half-mile from the Georgia Southern University campus. RDG Student Housing, a division of Redeeming Development Group, purchased the 164-unit property from Preiss for an undisclosed price. The transaction marks the buyer’s first student housing acquisition. Teddy Leatherman, Scott Clifton and Kevin Kazlow of JLL’s student housing capital markets team represented the seller in the transaction. Jayme Nelson and Dan Kearns of JLL arranged a three-year acquisition loan through Bayview Asset Management on behalf of RDG Student Housing. Market 100 was 97 percent occupied at the time of sale. The community features a mix of two-, three- and four-bedroom floorplans with bed-to-bath parity in most units. Onsite amenities include a resort-style pool, sand volleyball court, clubhouse, fitness center, computer lounge, basketball court and a billiards table.

December 10, 2025

Acquisitions Industrial Southeast Tennessee

Bluecrest Capital Advisors Acquires 145,000 SF Industrial Facility Near Nashville Airport

by John Nelson December 10, 2025

NASHVILLE, TENN. — Locally based Bluecrest Capital Advisors has acquired Royal Parkway I and II, a 145,000-square-foot small-bay industrial property located adjacent to Nashville International Airport, for $12.2 million. The seller was not disclosed. Truxton Trust provided an undisclosed amount of acquisition financing to Bluecrest Capital Advisors, a newly formed company founded by Nashville real estate experts Scott Porter and John Colucci. Porter was formerly a pitcher for the MLB’s Toronto Blue Jays. Royal Parkway I and II is Bluecrest’s second acquisition since its inception earlier this year. Bluecrest plans to invest $6 million in capital improvements to the value-add asset over the next five years, with renovations including exterior upgrades, new interior build-outs, a new roof and a new road. Built in 1990, Royal Parkway I and II sits on a 9.2-acre site and was 85 percent leased at the time of sale.

December 10, 2025

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