Southeast

JLL Arranges $50M Sale of Bullitt II Logistics Center in Shepherdsville, Kentucky

by Abby Cox February 2, 2026

SHEPHERDSVILLE, KY. — JLL Capital Markets has arranged the $50 million sale of Bullitt II Logistics Center, a 437,000-square-foot industrial warehouse and distribution facility located at 251 Buffalo Run Road in Shepherdsville, a southern suburb of Louisville in Bullitt County. Ross Bratcher, Sean Devaney, Dennis Mitchell, Kurt Sarbaugh, Powell Spears and Matt Hartlage of JLL represented the seller, Atlanta-based Core5 Industrial Partners, in the transaction. Chicago-based LaSalle Investment Management was the buyer. Situated roughly 12 miles from the UPS Worldport, Bullitt II Logistics Center is fully leased to a subsidiary of Dorman Products, an American supplier and manufacturer of aftermarket automotive replacement parts. The cross-dock facility was delivered in 2022 and features 36-foot clear heights, fully circulating truck courts with up to 185-foot depths, 50 dock doors, 63 designated trailer parking spaces and more than 14,000 square feet of office space.

February 2, 2026

Acquisitions Development Florida Retail Southeast

Minto Communities USA Brokers Land Sale in Westlake, Florida for Future 134,148 SF Lowe’s Store

by Abby Cox February 2, 2026

WESTLAKE, FLA. — Minto Communities USA has brokered the sale of a 10.6-acre development site located in the master-planned community of Westlake in South Florida’s Palm Beach County. The buyer, Lowe’s Home Centers LLC, plans to build a 134,148-square-foot Lowe’s Home Improvement store that includes a 26,601-square-foot outdoor garden center. In addition to serving customers, the new location will serve as a regional headquarters for the North Carolina-based retailer. While further details of the sale were not disclosed, site plans have been approved by the City of Westlake. According to public records, Walmart has also submitted a site plan for a future location adjacent to the future Lowe’s. Minto Communities has sold approximately half of the 2.2 million square feet approved for commercial development in Westlake, including 20 acres traded to Publix Super Markets Inc. in 2021 for a 140,000-square-foot, two-phase retail development that is now nearly fully leased.

February 2, 2026

Florida Leasing Activity Office Southeast

D-Wave Quantum to Relocate Global Headquarters to Boca Raton Innovation Campus in South Florida

by Abby Cox February 2, 2026

BOCA RATON, FLA. — D-Wave Quantum Inc., a publicly traded dual-platform quantum computing company, will relocate its global headquarters and primary U.S. research-and-development facility to Boca Raton Innovation Campus (BRiC), a 1.7 million-square-foot office park in South Florida. Formerly located at 2650 E. Bayshore Road in Palo Alto, Calif., the technology company plans to move into its new 25,000-square-foot office space by the end of 2026. D-Wave Quantum’s move is further supported by a separate, $20 million commitment from Florida Atlantic University, which intends to purchase and install D-Wave’s Advantage2 quantum computer on its nearby campus. Since acquiring the property in 2018, CP Group has completed a $100 million redevelopment of BRiC, which includes the addition of two coffee shops and an autonomous grab-and-go store; an onsite wellness center run by Boca Raton Regional Hospital; a revitalized dining and banquet hall; flex indoor/outdoor event space available for rent; and a 1,100-space parking garage. CP Group secured more than 300,000 square feet in new leases at BRiC in late 2025 alone.

February 2, 2026

Alabama Industrial Leasing Activity Southeast

Graham & Co. Negotiates 1.4 MSF Industrial Lease in Montgomery, Alabama

by Abby Cox February 2, 2026

MONTGOMERY, ALA. — Graham & Co. has negotiated a full-building lease at Air-Port Commerce Center, a 1.4 million-square-foot industrial facility located at 2855 Selma Highway in Montgomery. The former Big Lots Distribution Center — which closed in mid-2025 after the retailer’s bankruptcy — sits on 100 acres and is adjacent to Coca-Cola Bottling Co. United and the Montgomery Intermodal Container Transfer Facility site. Ogden Deaton and John Coleman of Graham & Co., along with Allen Garstecki of JLL, represented the landlord, ARES Management, in the lease negotiations. The tenant was not disclosed.

February 2, 2026

Acquisitions Industrial Kentucky Southeast

JLL Arranges $55.8M Sale of Industrial Portfolio in Louisville

by Abby Cox January 30, 2026

LOUISVILLE, KY. — JLL Capital Markets has arranged the $55.8 million sale of a two-building, 390,000-square-foot industrial portfolio situated within the Blankenbaker Station Business Park in eastern Louisville. Ed Halaburt, Ross Bratcher, John Huguenard, Sean Devaney, Kurt Sarbaugh and Will McCormack of JLL represented the sellers, Washington Capital Management and Roebling Development, in the transaction. EQT Real Estate was the buyer. The first building serves as Packsize International’s Innovation Center, which spans 240,000 square feet and features specialized manufacturing capabilities, including two production lines supported by 3.3-ton cranes and office space. The second building, which totals 150,000 square feet, houses a same-day delivery facility for Packsize — one of roughly 50 locations across North America. The facility features full air conditioning, seven box-in-box coolers to support grocery operations and robotics systems for automated sortation and fulfillment processes. Both buildings have 32-foot clear heights, fully circulating truck courts, ample trailer parking and rear-loading configurations.

January 30, 2026

Acquisitions Maryland Retail Southeast

CBRE Negotiates Sale of 293,099 SF Bowie Town Center in Maryland

by Abby Cox January 30, 2026

BOWIE, MD. — CBRE has negotiated the sale of Bowie Town Center, a 293,099-square-foot lifestyle center in Prince George County, bordering the eastern portion of Washington, D.C. A partnership between Nile Equity Group and Community Real Estate Co. purchased the property for an undisclosed price. Ryan Sciullo, Chris Munley, Colin Behr, Casey Smith and R.J. Mirabile of CBRE’s National Retail Partners Mid-Atlantic team represented the undisclosed seller in the transaction. Bowie Town Center was 86 percent leased at the time of sale to tenants including Bath & Body Works, Barnes & Noble, LA Fitness, Foot Locker, Famous Footwear, Lane Bryant, Macy’s, Pandora and Starbuck’s Coffee, among others.

January 30, 2026

Acquisitions Florida Multifamily Southeast

CP Capital Sells 277-Unit NOVEL Independence Park Apartments in Tampa

by Abby Cox January 30, 2026

TAMPA, FLA. — CP Capital has sold NOVEL Independence Park, a 277-unit apartment community situated within Independence Park, a 44-acre mixed-use project in Tampa’s Westshore Business District. The buyer and sales price were not disclosed. Completed in 2024, the apartment complex consists of three five-story buildings that offer studio to three-bedroom floorplans. Amenities include a fitness center, resort-style saltwater swimming pool, sky deck, pickleball court, coworking space and a dog park. NOVEL Independence Park was developed as a joint venture between CP Capital and Charlotte-based Crescent Communities. Additionally, CP Capital has eight properties in active lease-up in Southeast markets such as Atlanta, Charleston, Nashville, Orlando and Washington, D.C.

January 30, 2026

Leasing Activity North Carolina Office Southeast

K&L Gates Relocates Research Triangle Park Office to Horseshoe at Hub RTP

by Abby Cox January 30, 2026

DURHAM, N.C. — Global law firm K&L Gates LLP has relocated its newest Durham office in Research Triangle Park to Horseshoe at Hub RTP, a 157,500-square-foot mixed-use development located at 3151 Elion Drive. In late 2026, the firm will move into a 20,000-square-foot office on the fourth floor at Horseshoe. Don Shupe of CBRE represented K&L Gates, while Patti Autry and Hillman Duncan of JLL represented the landlord, Charlotte-based White Point Partners, in the lease negotiations. Horseshoe at Hub, which serves at the central gathering point for the 100-acre Hub RTP development, features a five-story office building with two single-story retail/restaurant pavilions, along with 16 acres of greenspace and trails. Horseshoe currently has 78,000 square feet of office space and 10,000 square feet of retail space available for lease.

January 30, 2026

Development Georgia Mixed-Use Restaurant Retail Southeast Top Stories

CP Group Unveils Plans for Mixed-Use Redevelopment of Piedmont Center Office Campus in Atlanta’s Buckhead District

by Abby Cox January 30, 2026

ATLANTA — CP Group, an office owner and developer based in Boca Raton, Fla., has unveiled plans to redevelop Piedmont Center, a 2.2 million-square-foot office campus located off Piedmont Road in Atlanta’s Buckhead district. The firm acquired the property in June for $200 million, after the former owner, Ardent Cos., defaulted on its loan tied to Piedmont Center from Morgan Stanley. CP Group is expected to begin its overhaul of the 14-building property this year. “We’re not just updating an office park; we’re building a destination,” says Chris Eachus, founding partner of CP Group. “Piedmont Center is a perfect example of the high-value assets we target. The combination of this prime location and our reimagined master plan has already sparked immediate interest and strong leasing results.” The project team includes Atlanta-based architecture and design firms Smallwood and ASD|SKY, as well as Bethesda, Md.-based real estate consulting firm Of Place. One of the primary transformations planned for the redevelopment is a new street-level strip on Piedmont Road that is expected to include at least six restaurant concepts and various retail offerings. In the meantime, Piedmont Center has already opened LiveWire Coffee in Building 6 and has curated food truck programming options throughout …

January 30, 2026

Data Centers Development Industrial North Carolina Southeast

Corning to Develop Manufacturing Facility in Hickory, North Carolina as Part of $6B Meta Deal

by John Nelson January 29, 2026

HICKORY, N.C. — Corning Inc. has announced plans to develop a new optical cable manufacturing facility in Hickory, about 58 miles northwest of Charlotte. The new plant is part of the New York-based tech manufacturing firm’s multi-year, up to $6 billion agreement with Meta Platforms Inc., the parent company of Facebook and Instagram. Meta will serve as the anchor client of the manufacturing facility. The agreement will help accelerate the build-out of advanced data centers to support Meta’s various apps and technologies, including its Llama AI platform. Under the agreement, Corning will supply Meta with “its newest innovations in optical fiber, cable and connectivity solutions.” The new factory and increased investment in Corning’s existing North Carolina footprint are expected to create 5,000 new jobs, including scientists, engineers and production teams. The initiative is expected to increase Corning’s employment in North Carolina by 15 to 20 percent. Back in October, Corning acquired 32.9 acres in Trivium Corporate Center, a 378-acre business park in Hickory, and agreed to invest $170 million to $267.9 million and create 132 jobs at the park.

January 29, 2026

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