RICHMOND, VA. — Cushman & Wakefield has arranged the sale and financing of Eastport Industrial Park, a nearly 1.1 million-square-foot industrial portfolio in Richmond. Rockpoint purchased the property from Equus Capital Partners for $142 million. Jonathan Carpenter, Graham Savage, Dawes Milchling and James Check of Cushman & Wakefield, alongside Eric Robison and Bo Mckown of Cushman & Wakefield | Thalhimer, represented the seller in the transaction. John Alascio, T.J. Sullivan, Chris Meloni and Michael Zelin, also with Cushman & Wakefield, arranged acquisition financing through an unnamed global alternative investment firm on behalf of Rockpoint. Situated near the Richmond International Airport, Eastport Industrial Park comprises eight buildings with 25-foot clear heights, 182 loading positions and modern infrastructure to support a diverse tenant base. The property was 97 percent leased to 19 tenants at the time of sale.
ADAIRSVILLE, GA. — JLL Capital Markets has secured $71.7 million in refinancing for Gordon Logistics Center, a roughly 1 million-square-foot advanced manufacturing facility located in Adairsville, about 60 miles northwest of Atlanta via I-75. Peter Rotchford, Bobby Norwood, David Sitt, Christopher Pratt, Hamp Gibbs and Streeter Simmons of JLL arranged the floating-rate, two-year loan through Benefit Street Partners on behalf of the borrower, Thor Equities. The loan includes three, one-year extension options. Delivered in 2023, Gordon Logistics Center features 40-foot clear heights, 179 dock-high doors, four drive-in doors, 200 trailer parking spaces (expandable to 306), 393 car parking spaces (expandable to 567), a 185-foot truck court depth and 5,095 square feet of built-out office space. The property is also situated in close proximity to the Georgia Port Authority’s Appalachian Regional Port, which offers direct rail connection with the Port of Savannah.
FORT LAUDERDALE, FLA. — Miami-based developer Pinnacle has sold Elyps Apartments, a 140-unit luxury community in Fort Lauderdale, for $46.5 million. The buyer was Ram Elyps LLC, an affiliate of Rental Asset Management (RAM). CBRE represented Pinnacle affiliate, Bimini Cove LLC, in the transaction. Completed in 2023, Elyps offers one- and two-bedroom floorplans ranging in size from 777 to 1,182 square feet, according to Apartments.com. Amenities at the property include a swimming pool and sundeck, fitness center, business center, rooftop terrace, pet washing station and electric vehicle charging stations.
CHARLOTTE, N.C. — LEO Impact Capital, JBG SMITH’s workforce housing investment management platform, has acquired Sharon Crossing, a 144-unit, garden-style apartment complex located in Charlotte. The $20.7 million acquisition, which marks LEO’s first transaction outside the Washington, D.C., region and the first investment from its newly launched LEO Impact Housing Fund, will preserve long-term affordability for Sharon Crossing’s middle-income residents. Additionally, LEO Impact Capital is partnering with the Lotus Campaign, a North Carolina-based nonprofit organization that works to provide long-term housing for formerly homeless individuals, to reserve roughly 30 units for Lotus clients through its landlord participation program. Sharon Crossing offers one- and two-bedroom apartments across 20 residential buildings. Community amenities include a resort-style swimming pool and sundeck, sports courts and a dog park. Residents also benefit from utility savings through green initiatives that emphasize energy efficiency and sustainability, according to company representatives. Ginkgo Residential will continue to provide onsite property management service on behalf of ownership.
ATLANTA — Winter Haven, Fla.-based SouthState Bank has moved into its new 87,000-square-foot regional office headquarters at Prominence Tower, a 19-story office building located at 3475 Piedmont Road NE in Atlanta’s Buckhead district. The tenant’s new offices span three-and-a-half floors and will house roughly 175 local employees. Prominence will also feature a new flagship retail branch on the building’s ground floor and building-top signage that will elevate visibility of the SouthState Bank brand. Josh Hirsh and Patrick Baughman of JLL represented the tenant in the lease negotiations. Aileen Almassy and Andy Sumlin of Partners Real Estate represented the landlord, New York Life Real Estate Investors. Prominence Tower is a mixed-use development that recently underwent an $8 million renovation to both modernize the building and to install various tenant amenities, such as a conference facility, lobby coffee bar, fitness center, bike storage room and a seven-level attached parking garage.
PITTSBURGH — PNC Bank (NYSE: PNC) plans to open more than 300 new retail bank branches by 2030, adding about 100 new branches to its earlier plan, which was announced last November. The new announcement brings PNC’s total investment in growing its retail footprint to approximately $2 billion. The latest branch expansion plan calls for new locations in markets including Nashville, Sarasota, Fla., Winston-Salem, N.C., and Chicago to extend PNC’s expansion efforts to nearly 20 markets across the United States. “The build-out of these 300 new branches allows us to deliver our unique blend of hospitality and financial advice to more clients in more neighborhoods across the country,” says Alex Overstrom, head of retail banking at PNC. “It’s about making PNC the most convenient bank in each of these markets, ensuring we can meet people where they are and help them thrive.” As part of the investment, PNC will add 35 new branches in Nashville, along with 40 more branches across the Southeast. The cities consist of Fort Meyers, Lakeland and Sarasota in Florida, as well as Asheville, Winston-Salem and Wilmington in North Carolina. “The additional branches strengthen our ability to provide valuable resources and expertise, reflecting our commitment to supporting …
DALLAS AND ORLANDO, FLA. — Seniors housing owner and operator Sonida Senior Living Inc. (NYSE: SNDA) has entered into a definitive merger agreement to acquire CNL Healthcare Properties (CHP), a non-traded public REIT, in a deal valued at $1.8 billion. Upon completion of the merger, the combined company will be the eighth-largest senior living owner, with a portfolio of 153 independent living, assisted living and memory care communities and enterprise value of $3 billion. Under the agreement, Dallas-based Sonida will acquire 100 percent of CHP in a cash and stock transaction. The transaction is expected to close in the first or second quarter of 2026, subject to customary closing conditions. Both the Sonida and CHP board of directors unanimously approved the merger. Financing for the acquisition will include cash provided by Conversant Capital and Silk Partners — the two largest Sonida shareholders — and debt financing from RBC Capital Markets and BMO Capital Markets. Ahead of the merger, Sonida’s portfolio comprises 97 seniors housing communities that the company owns, manages or invests in, including 84 owned properties. In total, the portfolio serves roughly 10,250 residents. CHP’s current portfolio comprises 69 seniors housing communities with 7,535 units across 26 states.
CHARLESTON, S.C. — Locally based private equity real estate management firm Henderson Park and Athens, Ga.-based developer giant Landmark Properties plan to develop The Mark Charleston, a 335-bed student housing development situated near the College of Charleston. The companies recently acquired the 1.2-acre site at 500 E. Bay St., which is situated on the east side of the peninsula and within a half-mile from the college’s Harbor Walk campus. The design-build team includes affiliate general contractor Landmark Construction and architect GreenbergFarrow. The six-story building will comprise 99 apartments and is expected to deliver in time for the College of Charleston’s 2027-2028 academic year. The Mark Charleston will feature the adaptive reuse of the historic Blanken Matson House on the site that will be relocated and overhauled into a 1,200-square-foot study space known as “The Library.” The development will also include 1,200 square feet of ground-floor retail space and 18,000 square feet of amenities, including a clubhouse and three rooftop decks with a pool deck that provides views of the Charleston Harbor and Ravenel Bridge, as well as a grilling area, lounge and outdoor recreation areas. Other amenities will include an 1,800-square-foot fitness center, computer lab, study areas and 140 total …
COLUMBIA, S.C. — TSB Realty has arranged the sale of Columbia Lofts, a 330-bed student housing community located adjacent to the University of South Carolina campus in Columbia. Nimes Real Estate purchased the property from an undisclosed seller. TSB Capital Advisors secured acquisition financing for the transaction, terms of which were not released. Originally built in 1895 as Richland Cotton Mill, the property was converted into apartments in 1984 and renovated in 2012. The community offers 170 units in one-, two-, three- and four-bedroom configurations. Shared amenities include a resort-style pool, barbecue and picnic area, study room, resident lounge and covered bicycle storage. Columbia Lofts was fully occupied at the time of sale.
BRENTWOOD, TENN. — GBT Realty has purchased Brentwood Corners, a 22,268-square-foot shopping center located at 214 Ward Circle in Brentwood, a southern suburb of Nashville. The locally based buyer purchased the property from an undisclosed seller for $10.4 million. Situated within the Maryland Farms master-planned community, Brentwood Corners was fully leased at the time of sale to tenants including Serrato’s Steakhouse, Jefferson’s Restaurant, Iron Tribe Fitness, WOW Orthodontics and 100 Pizza, which recently opened. The property was recently renovated with a newly paved parking lot, painted facades, new roof, updated landscaping and new LED lighting.
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