Southeast

Burlington Debuts 2 MSF Distribution Center in Ellabell, Georgia

by John Nelson June 23, 2026

ELLABELL, GA. — National retailer Burlington Stores Inc. has opened a new 2 million-square-foot distribution center in Ellabell, about 27 miles west of Savannah in Bryan County. The facility, the first distribution center in Georgia for Burlington, is expected to generate 1,500 new jobs at full capacity. In addition to climate-controlled, automated distribution space, the property will offer 40,000 square feet of office space with a full-service cafeteria, fitness center, locker room with showers, meditation room, maternity room and meeting rooms. The retailer also recently broke ground on another nearly 2 million-square-foot distribution center earlier this year in Buckeye, Ariz., a suburb of Phoenix. The new distribution centers will support the retailer’s growing network of discount apparel stores. Burlington expects to open approximately 115 net new stores nationwide by the end of fiscal 2026, which ends Jan. 30, 2027. All new stores feature Burlington’s reimagined store layout.

June 23, 2026

Development Mixed-Use Southeast Tennessee

Partnership to Launch $280M Mixed-Use Entertainment District Surrounding Neyland Stadium in Knoxville

by John Nelson June 23, 2026

KNOXVILLE, TENN. — A public-private partnership between the University of Tennessee and a newly formed development platform comprising Arctos, RVX Ventures and Magellan Development Group will soon begin the development of Neyland Entertainment District, a $280 million mixed-use village surrounding Neyland Stadium, the home football arena of the University of Tennessee. The waterfront development in Knoxville will feature approximately 100,000 square feet of entertainment space alongside a 24-story hotel and residences, along with a private members club. Arctos is the majority equity investor in the project and is participating as a general partner alongside a sponsor team led by RVX, Magellan and Dixon Greenwood. The construction timeline was not disclosed, but Knoxville News Sentinel reports that construction is expected to begin this summer and include the overhaul of the G10 parking garage, which is a hub of parking and tailgating on game days. The media outlet also reported that the University of Tennessee System Board of Trustees approved a 99-year lease for the development in early May.

June 23, 2026

Acquisitions Mississippi Retail Southeast

Matthews Arranges Sale of 76,269 SF Kroger Store in Columbus, Mississippi

by John Nelson June 23, 2026

COLUMBUS, MISS. — Matthews has arranged the sale of a 76,269-square-foot Kroger grocery store located at 1829 U.S. Highway 45 N in Columbus, about 26 miles east of Starkville, Miss. The seller, an entity doing business as MS Columbus 45 LLC, sold the store to an undisclosed, publicly traded investment firm. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the seller in the transaction. The sales price was not disclosed. Prior to the sale, Kroger committed to an early lease extension through 2041 with plans for a future expansion. The acquisition did not include adjacent inline retail shop space, which is currently under contract with a separate, privately held buyer.

June 23, 2026

Kentucky Leasing Activity Retail Southeast

Publix Opens 48,387 SF Grocery Store in Cold Spring, Kentucky

by John Nelson June 23, 2026

COLD SPRING, KY. — Publix Super Markets has opened a new Publix grocery store in northern Kentucky. The 48,387-square-foot store is located at 5401 Alexandria Pike in Cold Spring, about 11 miles south of Cincinnati. The grocery store anchors Cold Spring Pointe, a 52-acre retail development along U.S. Highway 27 by Mid Atlantic Properties that features a Marshalls, Hobby Lobby, Qdoba, Five Below, Tropical Smoothie Café, AT&T, The UPS Store, Chase Bank and Chick-fil-A. The new Publix features an adjacent Publix Liquors store, as well as a drive-thru pharmacy and its traditional departments including produce, bakery and deli. The Cold Spring store represents the seventh Publix grocery store in Kentucky.

June 23, 2026

Development Georgia Multifamily Southeast

Brook Farm, Manor Park to Develop 336-Unit Multifamily Community in Savannah

by Abby Cox June 22, 2026

SAVANNAH, GA. — Brook Farm Group and Manor Park Ventures will co-develop 675 Morgan, a 336-unit multifamily community located in the Savannah Highlands neighborhood. Upon completion, the project will feature 11 three-story buildings with one-, two- and three-bedroom floorplans. Amenities will include a resort-style swimming pool, clubhouse, 24-hour fitness center, walking trails, pickleball courts and a golf simulator. Ameris Bank, one of Brook Farm Group’s preferred lenders, provided construction financing for this transaction. The project team includes general contractor Summit Contracting Group.

June 22, 2026

Development Industrial Southeast Tennessee

MYCON, Hamilton Creek Break Ground on 318,250 SF Industrial Facility in Nashville

by Abby Cox June 22, 2026

NASHVILLE, TENN. — A partnership between MYCON General Contractors and Hamilton Creek Partners has broken ground on Airpark East Phase II, a 318,250-square-foot industrial facility located within Airpark Commerce Center in Nashville. Airpark East Phase II will span two buildings comprising 138,250 square feet and 180,000 square feet. The buildings are expected to be delivered in the first quarter of 2027. Airpark East Phase II follows the development of Airpark Phase I, a 204,500-square-foot logistics center previously completed by MYCON.

June 22, 2026

Acquisitions Retail South Carolina Southeast

CRC Sells Two Adjacent Shopping Centers in Mount Pleasant, South Carolina

by Abby Cox June 22, 2026

MOUNT PLEASANT, S.C. — Baltimore-based Continental Realty Corp. (CRC) has sold two adjacent shopping centers located at 1903 and 1909 Highway 17 N in Mount Pleasant. The properties, which include Sweetgrass Corner (88,316 square feet) and The Shops at Towne Centre Way (7,054 square feet), span a combined 95,370 square feet and were fully leased at the time of sale to tenants including Trader Joes, HomeSense and Golf Galaxy. The buyer and sales price were not disclosed. CRC acquired Sweetgrass Corners in 2022 for $17 million and The Shops at Towne Centre Way for $3.9 million as part of an initiative to upgrade the retail environment surrounding Mount Pleasant Towne Centre, the company’s adjacent 510,000-square-foot lifestyle center.

June 22, 2026

Development Georgia Loans Multifamily Southeast

Trilogy Investment Receives Construction Loan for 122-Unit Townhome Development in Emerson, Georgia

by Abby Cox June 22, 2026

EMERSON, GA. — Trilogy Investment Co. has received a construction loan for the development of REV3 at Stars Way, a 122-unit build-to-rent (BTR) townhome community in Emerson, a city near the north Atlanta suburb of Cartersville. REV3 Homes, a division of Trilogy Investment Co., will serve as the general contractor for the project. Vertical construction is set to begin at the end of the month, while the first home deliveries are anticipated for late 2026. REV3 at Stars Way will feature modern townhomes with one-car garages and open-concept floorplans.

June 22, 2026

Georgia Market Reports Multifamily Southeast Southeast Market Reports

Atlanta Multifamily: Liquidity Is Back, And the Supply Squeeze Is Next

by John Nelson June 22, 2026

Twenty-two apartment properties traded in metro Atlanta during the first quarter of 2026 for just over $1 billion, nearly double the $528 million that traded across 15 deals in first-quarter 2025. Our team’s current offerings are seeing tour volume of 30 to 40 prospects, which is up 20 percent from a couple years ago. We are also seeing 20 or more offers per property, and the quality of buyer has greatly improved — capital has stopped waiting for clarity and started competing for product. Liquidity rebounded in the Atlanta apartment market in 2025, and the supply-demand setup heading into 2027 is the reason institutional and private capital is moving now rather than later. Let’s start with the rebound. Across 2025, transaction count rose 31 percent, total dollar volume increased 18 percent and average cap rates tightened roughly 16 basis points. Buyers paid up for better-located, higher-quality assets and stayed disciplined on legacy unit-count metrics. The bid-ask gap that froze 2023 and most of 2024 finally closed, but on terms that rewarded specificity rather than just appetite. Sellers, for their part, have moved into a more pragmatic posture. A meaningful share of 2026 activity reflects fund-life timing decisions — sponsors that …

June 22, 2026

Development Florida Multifamily Southeast

Related Group Breaks Ground on 24-Story Apartment Tower in Downtown Tampa

by John Nelson June 19, 2026

TAMPA, FLA. —  Related Group has broken ground on Manor Riverwalk, a 24-story apartment tower located at 101 S. Parker St. in downtown Tampa. Designed by architecture firm Arquitectónica with interiors by ID & Design International, the tower will contain 369 residences, 3,000 square feet of fitness-based amenities and dedicated work areas along the Hillsborough River. Manor Riverwalk will also feature a 23,000-square-foot amenity deck, which will include shaded cabanas, a glass-edged jacuzzi, outdoor bar and entertainment terrace, pickleball court and a putting green, an 805-space parking garage and 18,000 square feet of retail space. The groundbreaking of Manor Riverwalk marks the start of the development of Related Group’s waterfront master plan, which is expected to eventually feature five buildings with 1,229 residences and 37,000 square feet of ground-floor retail space, with a woonerf (or walkable street) connecting them all. In later phases, the master-planned project will include a boutique apartment building, a standalone garden retail parcel, a luxury condominium and two more rental towers. No timeline was given for completion of any phase.

June 19, 2026

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