Friday, November 13, 2026
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AcquisitionsDevelopmentKentuckySoutheast

Cushman & Wakefield | Commercial Kentucky Brokers Sale of Mid-City Mall in Louisville, Buyer Plans $60M Mixed-Use Redevelopment

by Abby Cox

LOUISVILLE, KY. — Cushman & Wakefield | Commercial Kentucky has arranged the sale of Mid-City Mall, a 185,000-square-foot former shopping center in Louisville. The existing structure is scheduled for demolition in January 2027 to make way for a $60 million mixed-use project. Dubbed Mid City Market, the new development will be anchored by a Publix grocery store, alongside five retail buildings, expanded green space, pedestrian walkways and reduced parking. The existing front-entrance tenants, Raising Cane’s and Heine Brothers Coffee, are expected to remain at the property, while the local library branch will be relocated to a new building on the Beechwood Avenue side of the project. Mid City Market is expected to open in 2028. Craig Collins and Austin English of Cushman & Wakefield | Commercial Kentucky represented the seller, Bardstown Road Investment Co., which owned the property for 40 years. As part of the transaction, Bardstown Road Investment Co. will retain an undisclosed equity stake in the deal. The buyer was Atlanta-based Branch Properties, which has developed several Publix-anchored shopping centers in the Southeast.

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Promenade at Coconut Creek
AcquisitionsFloridaMixed-UseSoutheast

JLL Arranges Sale of 296,419 SF Lifestyle Mixed-Use Center in Coconut Creek, Florida

by Abby Cox

COCONUT CREEK, FLA. — JLL Capital Markets has arranged the sale of Promenade at Coconut Creek, a 296,419-square-foot lifestyle center located at 4467 Lyons Road in Coconut Creek, a city in South Florida’s Broward County. Danny Finkle, Jorge Portela and Kim Flores of JLL represented the seller, AEW, in the transaction. The buyer, Investments Limited, acquired the property for an undisclosed price. Situated on nearly 23 acres, Promenade at Coconut Creek includes nearly 250,000 square feet of retail space and about 47,000 square feet of office space. Built in 2008, the property was 76.6 percent leased at the time of sale to more than 40 retail tenants such as Silverspot Cinema, DSW, Guitar Center, The Cheesecake Factory, Sephora, Cooper’s Hawk Winery & Restaurants, LoveSac and Warby Parker. Minto Communities anchors the office component of Promenade at Coconut Creek, which also features two structured parking garages and 1,457 parking spaces.

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Caywood
AcquisitionsOfficeSoutheastVirginia

Enverra Acquires 260,000 SF Office Campus in Northern Virginia for $42M

by Abby Cox

HERNDON, VA. — Enverra Real Estate has acquired Caywood, a 260,000-square-foot office campus located at 13221 and 13241 Woodland Park Drive in Herndon, a Washington, D.C., suburb near Washington Dulles International Airport. The purchase price was $42 million, according to multiple media outlets. Drew Flood of Cushman & Wakefield represented the undisclosed seller, and Michael Zelin, also with Cushman & Wakefield, arranged acquisition financing on behalf of Enverra. Lincoln Property Co. will serve as property manager, and Tim Summers of Cushman & Wakefield will handle leasing.  The campus, which was fully renovated by the previous ownership, was 95 percent leased at the time of sale to tenants such as Small Business Association, Vulcan Materials, Four Points Technology LLC, Occam Solutions and NIHA Technologies, among others. Recent improvements at the campus include renovated, hospitality-style lobbies, a 100-person conference center, fitness and wellness center, tenant lounge with coworking space and outdoor collaboration areas and landscaped terraces. Enverra plans to open a full-service café off the lower-level lobby and add coffee service across the campus; bring additional tenant services to the property; implement a tenant experience program; and provide a multimillion-dollar investment for back-of-house upgrades including replacements to the cooling tower, HVAC and building …

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Heartland Dental-Spring Hill, TN
AcquisitionsRetailSoutheastTennessee

Marcus & Millichap Brokers Sale of Retail Property in Springhill, Tennessee Leased to Heartland Dental

by Abby Cox

SPRINGHILL, TENN. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a freestanding retail property in Springhill, a southern suburb of Nashville. Heartland Dental occupies the building, which was built in 2025, on a 12-year lease that features 10 percent rent increases in years six and 11, and at the start of each of the four five-year option periods. Don McMinn and Andrew Koriwchak of Taylor McMinn represented the seller, a preferred developer for Heartland Dental. The all-cash buyer purchased the property for an undisclosed price.  “We continue to see strong buyer demand for well-located, new-construction net lease assets in Nashville’s growing suburbs,” says McMinn. “Buyer activity and offers have noticeably increased in recent months, particularly from 1031 exchange investors seeking quality real estate with long-term leases and attractive rental increases.”

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AlabamaDevelopmentIndustrialSoutheast

Helix Electric Breaks Ground on 1.2 MSF Advanced Fabrication Campus in Hollywood, Alabama

by John Nelson

HOLLYWOOD, ALA. — Helix Electric Inc., a national electrical contractor, has broken ground on the first phase of a 1.2 million-square-foot advanced fabrication campus in Hollywood, a northeast Alabama city in Jackson County. Phase I will span 300,000 square feet of modular space and will be complete in 2028. Helix Electric will employ more than 150 people in the first phase and will produce prefabricated electrical components for users in several industries, including data centers, advanced manufacturing, multifamily and commercial real estate.

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DevelopmentRetailSoutheastTennessee

GBT Realty Acquires 42.5 Acres in Middle Tennessee, Plans 300,000 SF Retail Development

by John Nelson

GALLATIN, TENN. — GBT Realty Corp. has acquired 42.5 acres at the intersection of Green Lea Boulevard and Harris Lane in Gallatin, a city in Middle Tennessee’s Sumner County. The Brentwood, Tenn.-based developer plans to develop The Crossroads at Gallatin, a nearly 300,000-square-foot retail destination, at the site. Additionally, GBT Realty has signed leases with Academy Sports + Outdoors and Sprouts Farmers Market at the center for 55,000 square feet and 23,000 square feet, respectively. More tenants will be announced in the near future, according to GBT Realty, which is planning for construction to begin later this month.

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AcquisitionsFloridaMultifamilySoutheast

JLL Brokers Sale of 330-Unit Apartment Community in Wildwood, Florida

by John Nelson

WILDWOOD, FLA. — JLL has brokered the sale of The Juliette, a 330-unit multifamily community located at 6629 Dan Diciolla Drive in Wildwood. The buyer, Centennial Holding Co. LLC, purchased the property from an undisclosed seller. Cliff Taylor, Joe Ayers, Kyle Butler and Ted Taylor of JLL represented the seller and procured the buyer in the transaction. Additionally, Melissa Quinn and Matt Kafka, also with JLL, originated a seven-year Freddie Mac acquisition loan for Centennial Holding. The sales price and loan amount were not disclosed. Built in 2024, The Juliette sits on 21.8 acres near The Villages master-planned community in Central Florida and was 96 percent occupied at the time of sale. The property comprises 288 apartments and 42 townhomes averaging 971 square feet in size. Outdoor amenities include a pool, pavilion with a cabana, golf cart parking, dog park, community garden, lakeside nature trail with direct access to Millennium Park and an outdoor game area featuring bocce ball, cornhole, billiards, foosball and table tennis. Indoor amenities include a fitness center and a business center with flexible office spaces available for daily or monthly rental.

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DevelopmentFloridaMixed-UseRetailSoutheast

Plaza Lakes to Develop 130,000 SF Shopping Center in Kissimmee, Florida

by John Nelson

KISSIMMEE, FLA. — Plaza Lakes, a subsidiary of a private, family-owned business group from Puerto Rico, plans to develop a 130,000-square-foot shopping center located along Simpson Road in Kissimmee, a suburb of Orlando. The company has selected SRS Real Estate Partners to oversee leasing at the development, named The Village at Hillard Isle. The property is the retail component of the Hillard Isle master-planned community that will also include 560 apartments and 2,000 single-family homes by Pulte Group. Sandi Bargfrede, Willow Ferrelli and Sammy Gabbai of SRS are actively marketing the project, which is in the planning and permitting phase. Target users include grocers, restaurants, coffee shops, fitness, specialty retailers and daily needs retailers. Infrastructure work for the retail and multifamily portions of Hillard Isle is anticipated to begin in the first quarter of 2028. Delivery of the first commercial pads is expected by the third quarter of 2028.

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DevelopmentFloridaHospitalityLoansSoutheast

JLL Arranges $386M Construction Loan for InterContinental Orlando Hotel Project

by John Nelson

ORLANDO, FLA. — JLL has arranged a $386 million construction loan for the development of InterContinental Orlando, a 700-room hotel located at 8001 International Drive in Orlando. Set to open in 2029, the 12-story hotel will span more than 900,000 square feet and be situated near Universal Epic Universe, Universal Orlando Resort, Walt Disney World Resort and the Orange County Convention Center. Kevin Davis, Mark Fisher, Jillian Mariutti, Wyatt Krapf, Henry Winchester and Martha Duff of JLL arranged the four-year, floating-rate loan through Civitas on behalf of the borrowers, Flag Luxury Group and Unicorp National Developments Inc. The loan features two one-year extension options. InterContinental Orlando will operate under the InterContinental Hotels & Resorts brand and include 105,000 square feet of meeting and pre-function space, multiple food-and-beverage venues, a conservatory, spa and wellness facilities, fitness center, lounge, pool and structured parking.

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DevelopmentGeorgiaHospitalitySoutheast

Songy Highroads, Matthews Southwest Top Out 444-Room Signia Hilton Savannah Hotel

by John Nelson

SAVANNAH, GA. — Songy Highroads and Matthews Southwest Hospitality have topped out Signia Hotel Savannah, a 444-room hotel for the recently expanded Savannah Convention Center. Songy Highroads and Matthews Southwest Hospitality are co-developing the Signia Hotel Savannah in partnership with the Georgia World Congress Center Authority. Hilton will manage the hotel upon completion. The project was funded by a $398 million municipal bond offering through Morgan Stanley. The Savannah-Georgia Convention Center Authority owns the hotel project, which is set to open in 2028. The hotel will include more than 34,000 square feet of meeting and event space, including a 13,000-square-foot ballroom, as well as an outdoor pool and five food-and-beverage outlets.

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