Southeast

Red Rock to Develop 519,792 SF Industrial Facility Near Columbia, South Carolina

by John Nelson July 21, 2026

GASTON, S.C. — Red Rock Developments plans to develop a new 519,792-square-foot industrial facility at Sandy Run Industrial Park, a 760-acre campus in Gaston, a Columbia suburb. Situated on a 54-acre site in Calhoun County along I-26, the cross-dock facility will be built on a speculative basis and include 40-foot clear heights, 185-foot truck courts, 98 dock-high doors, four drive-in doors, an ESFR sprinkler system, speculative office space, expandable automobile and trailer parking and an 8-inch concrete slab. Red Rock has tapped Chuck Salley, Thomas Beard and John Peebles of Colliers to market and lease the facility, which is expected to break ground this quarter. Existing and committed users at Sandy Run include Zeus, Smart Warehousing and Blanchard Machinery.

July 21, 2026

Industrial Leasing Activity North Carolina Southeast

Cushman & Wakefield Arranges 472,890 SF Industrial Lease in Metro Charlotte for American Eagle

by John Nelson July 21, 2026

SALISBURY, N.C. — Cushman & Wakefield has arranged a 472,890-square-foot industrial lease for American Eagle Outfitters Inc. in the metropolitan Charlotte area. The retailer will occupy a distribution center within Innovation Logistics Center in Salisbury on a long-term lease. Patrick Decker, Ben Brenner and Mark Zaziski of Cushman & Wakefield’s East Rutherford, N.J., office led a multi-year search in markets across three states for American Eagle’s new Southeastern hub. The team, along with locally based Cushman & Wakefield colleague Patrick McGrath, represented the tenant in the lease negotiations. Fermin Deoca and Matt Treble, also with Cushman & Wakefield, represented the landlord, Crow Holdings Development.

July 21, 2026

Development Multifamily North Carolina Southeast

Blue Heron Breaks Ground on 269-Unit Apartment Community in Raleigh

by John Nelson July 21, 2026

RALEIGH, N.C. — Blue Heron Asset Management has broken ground on Rosewood, a 269-unit apartment development located at 611 W. South St. in Raleigh. The locally based developer acquired the site earlier this year for nearly $12.9 million. The design-build team includes architect Cline, which is also providing interior design and landscape architecture services, as well as general contractor W.M. Jordan Co., civil engineer Withers Ravenal, MEP engineer Lighthouse Engineering and structural engineer EM Structural. Upon completion, which is expected for 2028, Rosewood will comprise two buildings and a central public plaza. Units will range in size from 499 to 1,531 square feet and amenities will include a sauna, cold plunge, coworking areas, rooftop lounge, speakeasy and 5,500 square feet of retail space along South Street.

July 21, 2026

Florida Loans Southeast Student Housing Uncategorized

JLL Secures $24M Refinancing for Student Housing Property Near University of Florida

by John Nelson July 21, 2026

GAINESVILLE, FLA. — JLL Capital Markets has secured a $24 million refinancing for The Row, a 182-bed student housing property located at 407 S.W. 13th St. near the University of Florida campus in Gainesville. Melissa Rose, Mike Brady and Christian Johnston of JLL represented the borrower, The Ardent Cos., in arranging the three-year, floating-rate loan through GID. The seven-story community offers shared amenities including a resort-style deck and reflective pool, fitness center and collaborative and independent study areas on each floor. The property also features 4,315 square feet of ground-floor retail space.

July 21, 2026

Development Office Southeast Virginia

CoStar Opens $460M Expanded Office Campus in Downtown Richmond

by Abby Cox July 20, 2026

RICHMOND, VA. — CoStar Group has opened Foundry Park, its newly expanded, $460 million corporate office campus located along the James River in downtown Richmond. The expansion added 750,000 square feet of office and retail space to the riverfront. The now 1 million-square-foot, three-building campus integrates a 26-story office tower, an entry pavilion and a six-story, multi-functional building with a food hall, collaborative workspaces, fitness and wellness amenities and LEED Platinum certification. In addition, the property features approximately three acres of landscaped open space, 50,000 square feet of rooftop terraces and a new riverfront-facing outdoor amphitheater that connects the workplace to the river and the surrounding community. Foundry Park is designed to accommodate more than 3,000 employees working in software development, research, marketing, sales and operations. The project team included Cushman & Wakefield (development manager), Kendall/Heaton Associates (architect of record), Whiting-Turner (general contractor) and Pickard Chilton (design architect).

July 20, 2026

Florida Loans Southeast Student Housing

JLL Secures $176.6M Construction Loan for Student Housing Development Near University of Central Florida

by Abby Cox July 20, 2026

ORLANDO, FLA. — JLL Capital Markets has secured a $176.6 million construction loan for The Place at Alafaya, a 1,395-bed student housing development located at 11600 MacKay Blvd. near the University of Central Florida (UCF) campus in Orlando. Mona Carlton, Elliott Throne, Joshua Odessky, Michael Romero, JJ Hovenden and Luke Maganas of JLL secured the financing on behalf of the borrower, Beachwold Residential. Upon completion, The Place at Alafaya will offer 484 units with bed-to-bath parity across three four-story buildings. The property will also feature a standalone, three-story clubhouse spanning 16,000 square feet. Amenities will include a resort-style swimming pool; fitness center with a cold plunge and sauna; private study rooms; pickleball and basketball courts; and a game lounge. A timeline for the development was not released.

July 20, 2026

Acquisitions Development Georgia Retail Southeast

Centurion Foundation Acquires Northlake Mall in Metro Atlanta for $95M, Plans Expansion for Emory Healthcare

by Abby Cox July 20, 2026

TUCKER, GA. — Centurion Foundation, an independent nonprofit organization that specializes in real estate and financing solutions for the healthcare and higher education sectors, has acquired Northlake Mall, a nearly 1 million-square-foot shopping center in the Atlanta suburb of Tucker, from Dallas-based ATR Corinth Partners. Following the $95 million acquisition, Northlake Mall will be transformed into an expanded campus for Emory Healthcare. Emory has leased approximately 274,000 square feet of space at the mall for administrative and clinical operations since 2019 and will soon lease most of the property. The sale includes the main mall structure, as well as Emory’s existing offices on the campus and an adjacent building occupied by Macy’s, which will close this year. The acquisition did not include the former JCPenney site that has remained vacant since the department store closed in 2020. Centurion Foundation also has approval to issue additional financing to support future development of the campus, providing long-term flexibility as Emory’s programming needs evolve over time. ATR Corinth Partners acquired the majority of the Northlake Mall campus in 2016 from Indianapolis-based mall giant Simon Property Group. The mall dates back to 1971.

July 20, 2026

Development Multifamily Southeast Tennessee

Albion Delivers 458-Unit Residential Community in Midtown Nashville

by Abby Cox July 20, 2026

NASHVILLE, TENN. — Albion Residential has delivered Albion Music Row, a 458-unit multifamily community located in Midtown Nashville. The 29-story apartment complex, which was developed on the former Beaman auto dealership property, is now fully open. Vertical construction on the project began in December 2024, while move-ins started this past spring. Albion Music Row was originally expected to be delivered this fall. Albion Music Row offers studio, one-, two- and three-bedroom floorplans ranging in size from 357 to 1,815 square feet, according to Apartments.com. Monthly rental rates begin at $1,679. Amenities include a swimming pool, indoor/outdoor fitness center, laundry facilities, podcasting studio, clubhouse, a rooftop terrace and coworking and social spaces. The community also features 4,000 square feet of ground-floor restaurant space and availability for a permanent vendor on the outdoor plaza. The project team included Clark Construction, Hartshorne Plunkard Architecture, Barge Cauthen & Associates, Hodgson Douglas and I.C. Thomasson. Albion Music Row is Albion Residential’s second large-scale, ground-up project in Nashville’s urban core, following the opening of Albion in the Gulch in spring 2023. According to Albion, the firm is considering a 2027 start date for a second Albion Music Row tower.

July 20, 2026

Market Reports North Carolina Office Southeast Southeast Market Reports

Charlotte’s Office Market Picks Up in 2026 as Activity Accelerates

by John Nelson July 20, 2026

The story in Charlotte’s office market today is a continuation of what began to take shape last year — only now, the activity behind it is real and measurable. The tenants that were cautiously exploring the market in 2024 have re-engaged, and many are now making decisions with greater clarity around their long-term space needs. Leasing volume reflects that shift. Activity reached roughly 1.4 million square feet in the first quarter of 2026, a significant increase year-over-year, with the majority of deals driven by new leases and expansions. That’s been the biggest change over the past 12 months: groups that were once on the sidelines are now moving forward, and deal velocity is picking up across multiple industries. At the same time, demand remains highly focused on quality. Class A buildings continue to capture most of the leasing activity, accounting for nearly 70 percent of total volume and leading overall absorption, which approached 400,000 square feet in first-quarter 2026. The best-performing assets in Uptown, Midtown and South Park are seeing steady occupancy gains, with rents at the top of the market pushing into the high-$50s per square foot. That said, the conversation around quality is becoming more nuanced. While top-tier …

July 20, 2026

Acquisitions Florida Industrial Southeast

JLL Negotiates $67.7M Sale of Three Industrial Buildings in Lakeland, Florida

by Abby Cox July 17, 2026

LAKELAND, FLA. — JLL Capital Markets has negotiated the $67.7 million sale of three industrial buildings located within Lakeland Commerce Center in Lakeland, a city in Central Florida between Tampa and Orlando. Cody Brais, John Huguenard, Luis Castillo, Taylor Osborne, David Orta Jr. and Mia Gian of JLL represented the seller, Atlanta-based Stonemont, in the transaction. MDH Partners, also based in Atlanta, was the buyer. Positioned along the County Line Road corridor between I-4 and Lakeland Linder International Airport, Lakeland Commerce Center Buildings 100, 200 and 300 are three newly constructed, rear-load industrial buildings totaling 557,100 square feet. The property provides same-day delivery access to Florida’s residents, as well as logistics services throughout the Southeastern United States. Lakeland Commerce Center spans four buildings. MetLife purchased the fourth building, the 348,740-square-foot Building 400, for $50 million in March 2025.

July 17, 2026

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