Southeast

Finmarc Purchases Twin Office Towers in Northern Virginia for $77.5M

by John Nelson August 20, 2026

MCLEAN, VA. — Bethesda, Md.-based Finmarc Management Inc. has completed its $77.5 million purchase of Highline at Greensboro, an office campus in Northern Virginia’s Tysons Corner submarket comprising twin 10-story office buildings. The two properties are located at 8401 and 8405 Greensboro Drive in McLean and total approximately 460,000 square feet. The office campus was 70 percent leased at the time of sale to tenants including Mortgage One Solutions, TEGNA, ASC Ortho Management Co., The MIL Corp., Rappaport Management Co. and Body Contour Centers. Cliff Mendelson of Metropolis Capital Advisors arranged an undisclosed amount of acquisition financing for Finmarc. Paul Collins and Kevin Sidney of Cushman & Wakefield represented the seller, Los Angeles-based CIM Group, in the transaction. CIM Group recently completed a $16 million capital improvement program at Highline at Greensboro. Finmarc has tapped Josh Masi and Paige Barger of Cushman & Wakefield to handle the leasing assignment at the office campus.

August 20, 2026

Acquisitions Florida Office Southeast

Berkadia Arranges $62.3M Sale of Office Building in Miami’s Coconut Grove Neighborhood

by John Nelson August 20, 2026

MIAMI — Berkadia has arranged the $62.3 million sale of The Grove at 3250 Mary, a five-story, 80,000-square-foot office building located on a 1.3-acre site in Miami’s Coconut Grove neighborhood. An entity doing business as Mary Street 3250 LLC purchased the asset from Azora Private Solutions and Vizcaya Capital. Omar Morales and Jaret Turkell of Berkadia’s South Florida office represented the sellers in the transaction.

August 20, 2026

Alabama Development Hospitality Mixed-Use Southeast

IHG Opens 112-Room Hotel Indigo at $2.2B MidCity District in Huntsville

by John Nelson August 20, 2026

HUNTSVILLE, ALA. — IHG Hotels & Resorts has opened a new 112-room Hotel Indigo within MidCity District, a $2.2 billion mixed-use district in Huntsville by RCP Cos. Located at 940 Nunnuhsae Park Drive NW, the hotel features a lobby restaurant and bar called The Indie, a fitness center and 1,100 square feet of meeting and event space. The property is the only Hotel Indigo in Huntsville and the fourth in Alabama. Other elements of MidCity District include the Orion Amphitheater, Trader Joe’s, REI, Topgolf, Holiday Inn, multiple apartment communities and several chef-driven restaurants.

August 20, 2026

Acquisitions Florida Retail Southeast

Benderson Acquires Three Florida Retail Properties Totaling 400,000 SF

by John Nelson August 20, 2026

UNIVERSITY PARK, FLA. — Benderson Development has acquired three retail properties on the Gulf Coast side of Florida totaling 400,000 square feet. The first acquisition is Granada Plaza, a Publix-anchored retail center located in the Tampa suburb of Dunedin at the intersection of Main Street and Keene Road. The second acquisition is Venice Market Place, a shopping center located where Tamiami Trail meets Center Road in Venice. Benderson also purchased a retail building leased to Lowe’s Home Improvement at 10070 Estero Town Commons Place in Estero. The sellers and sales prices were not released. Benderson is based in University Park and has more than 4.5 million square feet of retail space in its development pipeline in Florida.

August 20, 2026

Acquisitions Florida Retail Southeast

Benderson Acquires Three Properties Totaling 400,000 SF in Florida

by Matthew Auchincloss August 19, 2026

UNIVERSITY PARK, FLA. — Benderson Development has acquired three properties totaling 400,000 square feet along the west coast of Florida. The first, Granada Plaza, is a Publix-anchored retail center located in the Tampa suburb of Dunedin at the intersection of Main Street and Keene Road. The second acquisition is Venice Market Place, a shopping center located where Tamiami Trail meets Center Road in Venice. Finally, Benderson purchased a building tenanted by Lowe’s Home Improvement Center at 10070 Estero Town Commons Place in Estero.

August 19, 2026

Acquisitions Data Centers Development Industrial North Carolina Southeast

WhiteFiber Agrees to Buy Two Industrial Facilities in North Carolina, Plans Data Center Conversions

by John Nelson August 19, 2026

YADKIN COUNTY, N.C. — WhiteFiber Inc., a data center owner-operator and cloud solutions provider, has agreed to acquire two industrial facilities in Yadkin County, situated near Winston-Salem at the foothills of the Blue Ridge Mountains. WhiteFiber is acquiring the properties via its wholly owned subsidiary Enovum Data Centers Corp. with plans to retrofit both properties into data centers. The agreed purchase price was $60 million for both sites. The two facilities, which will be renamed NC-2 and NC-3, sit approximately 55 miles from NC-1, WhiteFiber’s existing data center campus in Madison, N.C. NC-2 and NC-3 are expected to provide a combined minimum of 60 megawatts (MW) of initial gross utility capacity with the potential to support up to 200 MW of combined utility capacity over time. WhiteFiber expects to close the transaction in the fourth quarter and bring the properties on line in third-quarter 2027.

August 19, 2026

Acquisitions Mississippi Southeast Student Housing

Landmark Properties Acquires 642-Bed Student Housing Community Near University of Mississippi

by John Nelson August 19, 2026

OXFORD, MISS. — Landmark Properties has acquired The Domain at Oxford, a 642-bed student housing community located at 2002 Oxford Way near the University of Mississippi campus in Oxford. The property was acquired in partnership with Liberty Mutual Investments and Peninsula Investments. Walker & Dunlop brokered the acquisition, and TSB Capital assisted with financing. The seller and terms of the transaction were not released. Built in 2016, the community offer 216 fully furnished units in a mix of one-, two- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a clubhouse, fitness center, golf simulator, resort-style pool, recreational green space, basketball and sand volleyball courts, study rooms and a screening theater. The property also offers parking for 756 vehicles.

August 19, 2026

Acquisitions Florida Healthcare Southeast

Transwestern Arranges $65M Sale of Medical Outpatient Building in Downtown Jacksonville

by John Nelson August 19, 2026

JACKSONVILLE, FLA. — Transwestern has arranged the $65 million sale of Southbank Medical Pavilion, a 493,012-square-foot medical outpatient building located at 841 Prudential Drive in downtown Jacksonville. The buyer, Baptist Health, operates its flagship hospital campus adjacent to the 22-story property. Steve Leathers, Bill Boyd, Seth Gilford, Jake Jordan, Angela Heidman and Max Hastings of Transwestern represented the seller, Alpharetta, Ga.-based ShareMD, in the transaction. Situated on 7.9 acres along the south bank of the St. Johns River, Southbank Medical Pavilion was 94 percent leased at the time of sale.

August 19, 2026

Acquisitions Alabama Retail Southeast

Prudent Growth Purchases Retail Strip Center in Montgomery for $3.7M

by John Nelson August 19, 2026

MONTGOMERY, ALA. — Chapel Hill, N.C.-based Prudent Growth Partners LLC has purchased Somerset Shoppes, a 27,250-square-foot strip retail center located at 7730 Atlanta Highway in Montgomery. The seller was not disclosed. Built in 2003, Somerset Shoppes was 85 percent leased at the time of sale to nine tenants, including Martha’s Place, Latitudes Salon & Spa, Body Serene Nails & Spa, J&T Acupressure and Southern Muscle & Fitness.

August 19, 2026

Development Life Sciences North Carolina Southeast Top Stories

Genentech Tops Out $2B Manufacturing Facility in Holly Springs, North Carolina

by Kristin Harlow August 19, 2026

HOLLY SPRINGS, N.C. — Genentech, a biotechnology company and member of the Roche Group, has topped out its new $2 billion manufacturing facility in Holly Springs, about 20 miles southwest of Raleigh. The construction milestone marks the completion of the building’s structural framework. The project is Genentech’s first East Coast manufacturing facility. The development was initially announced in May 2025, followed by the groundbreaking in August 2025 and an expansion announcement in January 2026. Once operational, the facility will produce next-generation treatments for metabolic conditions such as obesity. Its operations will incorporate advanced biomanufacturing, automation, robotics and the latest digital manufacturing technologies. The investment in technology includes an advanced digital twin — an artificial intelligence-powered virtual model of the manufacturing facility designed to simulate operations and test scenarios before real-world implementation. The facility is expected to support more than 2,000 jobs, including 500 manufacturing roles and 1,500 construction jobs. Genentech is also partnering with local academic institutions to prepare future members of the workforce for manufacturing careers. The project is part of Switzerland-based Roche and Genentech’s broader $50 billion commitment to research and development (R&D) and manufacturing infrastructure in the United States. Roche and Genentech’s current U.S. footprint includes 13 …

August 19, 2026

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