Southeast

RALEIGH, N.C. — Walker & Dunlop has arranged a $105 million loan for the refinancing of Maeve, a 20-story apartment tower located at 319 W. Lenior St. in Raleigh. Capital Square delivered the 297-unit high-rise last year. Alexandra Huffman, Justin Nelson and P.J. Feichtmeier of Walker & Dunlop arranged the floating-rate, interest-only bridge loan through TPG Real Estate Finance. Situated in Raleigh’s Warehouse district, Maeve offers studio, one-, two- and three-bedroom residences, as well as 10,000 square feet of retail space and amenities such as a resort-style pool and rooftop lounge.

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BROOKHAVEN, GA. — Locally based Connolly has completed Parkside on Dresden, a $70 million mixed-use development in downtown Brookhaven, a northeast suburb of Atlanta. The development is situated on a four-acre site along Dresden Drive near the Brookhaven-Oglethorpe MARTA station. Parkside on Dresden includes the 176-unit Solis Dresden Village, developed in partnership with Terwillger Pappas; a six-level parking garage; 28,000 square feet of ground-level retail space; and Woodley Plaza, a city-owned event lawn named after local businessman Dan Woodley. The retail space is fully leased to tenants including F45 Training, Café Vendome, Honeysuckle Gelato, Stretch Lab and Brookhaven Dance, among others. The development also includes a standalone retail building available for lease that features a rooftop patio.

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ATHENS, GA. — A partnership between Landmark Properties and Kane Properties has acquired Eclipse on Broad, a 128-bed student housing community located near the University of Georgia campus in Athens. TSB Capital Advisors secured debt financing through Seacoast Bank for the acquisition. Built in 2013, the community offers units in four-bedroom configurations with bed-to-bath parity, as well as five separate townhomes with private two-car garages. Shared amenities include a clubhouse, 24-hour fitness center, study lounges and an outdoor courtyard and grill. The property also features 68 parking spaces.

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CHARLOTTESVILLE, VA. — A joint venture between MAS AJP and Flagler Healthcare plans to develop MedSquare Charlottesville, a 20,000-square-foot healthcare facility located at 300 Worrell Drive. The project will be fully leased to Gastro Health, a digestive health services provider. MAS AJP and Flagler Healthcare plan to deliver the facility in first-quarter 2028. The Charlottesville project represents the first MedSquare-branded healthcare facility planned outside the state of Florida. MAS AJP and Flagler Healthcare are expanding the brand with this facility and MedSquare Port St. Lucie, a 68,000-square-foot in southeast Florida anchored by Cleveland Clinic.

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ROYAL PALM BEACH, FLA. — Concord Wilshire Capital has acquired a 43-acre mixed-use development site in Royal Palm Beach for $60 million, with plans to move forward with a previously planned project, dubbed Main Street at Tuttle Royale. The site was originally approved for multifamily, retail, office and hospitality uses before the property owner filed for Chapter 11 reorganization, according to the South Florida Business Journal. Concord Wilshire Capital will rebrand and develop the property to serve as a central hub for residential living, retail activity and community engagement. Located at the intersection of State Route 7 and Southern Boulevard in Palm Beach County, the master-planned development will include 401 multifamily residences; approximately 426,764 square feet of retail space; a 125-room hotel; an 82,875-square-foot office building; an activated park plaza with public spaces, a sculpture garden and experiential amenities. Construction will begin soon following the permitting process. Concord Wilshire will announce additional details in the coming months, including the formal rebranding of the development and announcements of residential and retail development partners.

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Mableton-Riverside

MABLETON, GA. — Stonemont, a private industrial real estate investment firm based in Atlanta, has acquired a 216,400-square-foot industrial service facility (ISF) located in Mableton, approximately 15 miles northwest of downtown Atlanta. Situated at 5350 Riverview Road, the facility spans 10 buildings across 24.5 acres and is fully leased to a mix of national and regional tenants. The property also features 18- to 23-foot clear heights, 19 dock doors and potential connectivity to the Norfolk-Southern rail spur. ISF is defined as a subset of industrial outdoor storage (IOS) and includes sites that feature functional service buildings, in addition to stabilized fences and lit outdoor space zoned for storage. Stonemont has closed on five ISF acquisitions totaling 41.9 acres and more than 518,600 square feet of existing and planned development across the country, including Atlanta, Houston, New Jersey and Philadelphia. Additionally, in February, the firm closed on two ISF projects in Denver and Las Vegas, totaling over 35,000 square feet on more than 15 acres.

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MILLEDGEVILLE, GA. — Jim Chapman Construction Group (JCCG), a Southeast-based general contractor specializing in build-to-rent (BTR) communities, has been selected to build 125 single-family rental (SFR) homes at Higher Ground, a new 42-acre, independent living community in Milledgeville. Developed by BLDG Real Estate, Higher Ground is planned to complement the adjacent Fellowship Meriwether Assisted Living Community, providing residents with access to existing amenities, while supporting a “greater level of independence.” Upon completion of the project, The Fellowship Family, a fourth-generation, family-owned firm specializing in senior living communities across the Southeast, will manage the community. Land development of the community’s first phase of 91 homes began in November 2025, and vertical construction is scheduled for June. Leasing is expected to begin in September, with project completion anticipated by January 2027. Homes will range in size from approximately 1,007 to 1,294 square feet.

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VENICE, FLA. — Goodwill Industries-Manasota, an affiliate of nonprofit retailer Goodwill, has signed a 54,189-square-foot flex lease at the former Tervis headquarters located at 201 Triple Diamond Blvd. in Venice. The 120,000-square-foot campus will serve at Goodwill’s newest Sustainability & Logistics Center and is expected to create more than 40 new jobs. Michelle Senner and Lori Hellstrom of Colliers represented the landlord, Buligo Capital, which purchased the campus in 2023. Jack Siragusa and Sara Williams of CBRE represented the tenant, Goodwill Industries-Manasota. The lease includes 16,000 square feet of office space, with the remaining space for industrial and warehouse use. The site will include a Goodwill Bargain Barn, which is a clearance center where unsold items from regular Goodwill stores are sold in bulk by the pound.

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Zahr-Pull-Quote1

NEW YORK CITY AND TAMPA, FLA. — Affiliates of Blue Owl Capital (NYSE: OWL), a New York City-based private equity firm, have entered into an agreement to acquire Tampa-based REIT Sila Realty Trust (NYSE: SILA) for $2.4 billion. The deal, which will make Sila a private company, is expected to close late in the second quarter or early in the third quarter of this year. The valuation represents a per-share stock price of $30.38 for Sila. That price constitutes a 19 percent premium over Sila’s closing stock price of $25.53 per share on April 17, the last full day of trading prior to the announcement. The share price also represents a 25.6 percent premium over Sila’s average volume weighted price for the last 30 trading days. BofA Securities is serving as Sila’s exclusive financial advisor, and Hogan Lovells US LLP is acting as Sila’s legal counsel. Citigroup Global Markets Inc. is acting as lead financial advisor to Blue Owl, with Truist Securities Inc. also acting as a financial advisor. Newmark is Blue Owl’s real estate advisor. Kirkland & Ellis LLP is serving as legal advisor to Blue Owl. “The Sila team has curated a highly diversified collection of critically important …

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4Ward Logistics Center

TAMPA, FLA. — New York City-based GTIS Partners has acquired approximately 116 acres in Tampa to develop 4Ward Logistics Center, an industrial development that will span 382,500 square feet across two rear-load distribution buildings. Situated near I-4 in the East Tampa submarket, the site benefits from two nearby interchange access points, providing immediate access to local and regional logistics corridors, as well as direct connectivity to Port Tampa Bay. 4Ward Logistics Center is expected to be delivered in the second half of 2027. JLL will handle leasing and marketing for the project.

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