Southeast

Cushman & Wakefield | Thalhimer Negotiates $20.2M Sale of Former Keurig Dr Pepper Industrial Facility in Windsor, Virginia

by Abby Cox April 3, 2026

WINDSOR, VA. — Cushman & Wakefield | Thalhimer has negotiated the sale of a former Keurig Dr Pepper (KDP) roasting plant located at 25400 Old Mill Road in Windsor, approximately 11 miles southeast of Suffolk. Schenley Investments purchased the 348,107-square-foot industrial/manufacturing building from KDP for $20.2 million. While the facility previously served as a processing and distribution facility for Keurig coffee pods, Schenley will now be investing capital to renovate and rebrand the property as the Virginia Trade Center. Geoff Poston and Brett Sain of Cushman & Wakefield | Thalhimer represented the buyer in the transaction. KDP, the beverage manufacturer that produces the Dr Pepper and Snapple brands and single-serve K-cups used in Keurig coffeemakers, announced the closure of the Windsor plant two years ago.

April 3, 2026

Acquisitions Industrial Kentucky Southeast

Phoenix Investors Acquires 334,772 SF Industrial Facility in West Paducah, Kentucky

by Abby Cox April 3, 2026

PADUCAH, KY. — An affiliate of Phoenix Investors has purchased a 334,772-square-foot industrial facility located at 7845 Carneal Road in West Paducah. The seller and sales price were not disclosed. Originally constructed in 1966, the facility sits on roughly 29 acres and includes 25-foot clear heights, seven dock doors, 13 drive-in doors and expansive yard and parking areas within a fully fenced property. The building can accommodate manufacturing, distribution and bulk logistics users and offers flexible warehouse space. The industrial facility is also located near the “Triple Rail” site, which is an 800-acre industrial park that features direct access to three major rail lines including Paducah & Louisville Railway (P&L), Canadian National (CN) and BNSF Railway. In addition to rail connectivity, West Paducah sits at the confluence of the Ohio, Tennessee, Cumberland, and Mississippi rivers, making it a major inland shipping gateway. Phoenix Investors plans to further modernize and reposition the property for modern industrial users with upgrades like LED lighting, new exterior paint, parking lot improvements, dock upgrades and white-boxing portions of the building, as well as additional site enhancements designed to improve operational efficiency.

April 3, 2026

Acquisitions Mississippi Retail Southeast

SRS Brokers $9.4M Sale of Single-Tenant Retail Property Leased to Academy Sports in Madison, Mississippi

by Abby Cox April 3, 2026

MADISON, MISS. — SRS Real Estate Partners has brokered the $9.4 million sale of a single-tenant retail property leased to Academy Sports + Outdoors located in Madison, about 15 miles north of Jackson. Michael Berk, Patrick Nutt and Chip Watson of SRS represented the Louisiana-based private seller. The buyer was a publicly traded REIT. Both parties requested anonymity. Built in 2017 on about 7 acres, Academy Sports occupies a 64,626-square-foot building on a corporate-guaranteed lease with eight years remaining. Nearby retailers include Lowe’s Home Improvement, Office Depot, Walmart Supercenter and The Home Depot, among others.

April 3, 2026

Loans Multifamily Southeast Virginia

Middleburg, HGI Secure Construction Financing for 299-Unit Multifamily Development in Richmond

by Abby Cox April 3, 2026

RICHMOND, VA. — A joint venture between Northern Virginia-based developer Middleburg and affiliates of Harbor Group International (HGI) has secured construction financing for Scottwood, a 299-unit multifamily development located at 4400 W. Broad St. in Richmond. Truist Bank provided an undisclosed amount of financing for the project. Construction is set to commence this month, with initial deliveries anticipated in late 2027. Situated just west of the city’s Scott’s Addition District near Topgolf Richmond, Scottwood will span two four-story buildings, one with 132 units and the other with 167, as reported by Richmond BizSense. Additionally, the project will feature curated courtyards throughout the property and activated amenity spaces along West Broad Street.

April 3, 2026

Development Multifamily Southeast Virginia

Crescent Communities, Rockefeller Break Ground on 530-Unit Apartment Development in Metro D.C.

by John Nelson April 2, 2026

ARLINGTON, VA. — Crescent Communities and Rockefeller Group have broken ground on NOVEL Arlington, a 530-unit apartment development in the Washington, D.C., suburb of Arlington. Set for completion in early 2028, the property will sit on 5.5 acres near the interchange of I-395 and South Glebe Road, which is one exit from the Pentagon. NOVEL Arlington will comprise 493 studio, one-, two- and three-bedroom apartments, as well as 37 rental townhomes. The property will offer direct access to two trails (the Four Mile Run and the Washington & Old Dominion Trail) and 20,000 square feet of indoor and outdoor amenities, including a rooftop pool, golf simulator, coworking suites and a fitness center with recovery offerings. Crescent and Rockefeller are pursuing LEED Gold certification for NOVEL Arlington. Other members of the design-build team include Bohler D.C. (civil engineer), Hord Coplan Macht (architect), John Moriarty & Associates (general contractor), LandDesign (landscape architect), Streetsense (interior design) and Structura (structural engineer). Capital sources include equity financing from Shimizu Realty Development and Mitsubishi Estate New York and construction financing from Sumitomo Mitsui Trust Bank New York Branch.

April 2, 2026

Hospitality Loans Southeast Tennessee

JLL Arranges Refinancing for 506-Room Tri-Brand Hotel in Downtown Nashville

by John Nelson April 2, 2026

NASHVILLE, TENN. — JLL has arranged the refinancing of a tri-brand Marriott hotel located at 410 Rep. John Lewis Way S in downtown Nashville. Opened in 2019, the hotel combines three Marriott selective-service hotel brands and is one of two tri-brand hotel properties in the United States, according to JLL. The property comprises AC Nashville Downtown (209 rooms), Residence Inn Nashville Downtown/Convention Center (172 rooms) and SpringHill Suites Nashville Downtown/Convention Center (125 rooms). Kevin Davis, Dan Peek, Mark Fisher, Carolina Bernal, Carly Pomerantz and Malia Buljat of JLL arranged the five-year loan on behalf of the borrower, North Point Hospitality. Terms of the financing were not disclosed. North Point completed a $13 million expansion last year that added 36 Residence Inn Elite rooms to the property. Amenities at the property include eight food-and-beverage outlets, as well as 9,016 square feet of meeting space, an outdoor pool and hot tub deck, fitness center, sundries shop and 275 onsite parking spaces with valet service.

April 2, 2026

Acquisitions Retail Southeast Virginia

BC Wood Purchases Virginia Beach Shopping Center for $34.9M

by John Nelson April 2, 2026

VIRGINIA BEACH, VA. — Lexington, Ky.-based BC Wood Properties has acquired Fairfield Shopping Center, a 184,106-square-foot shopping center located in Virginia Beach, for $34.9 million. Food Lion and T.J. Maxx anchor the center, which was 93 percent leased at the time of sale. Additional tenants at the property include Burn Boot Camp, Papa John’s Pizza, Ivy Rehab, Jovi Salon, Fairfield Flowers, Truist Bank, Starbucks Coffee and Verizon Wireless. David Webb and Thompson Brown of Berkeley Capital Advisors represented the seller, Charlotte-based Crosland Southeast and an undisclosed joint venture partner, in the transaction.

April 2, 2026

Acquisitions Mississippi Southeast Student Housing

TSB Realty Brokers Sale of 528-Bed Student Housing Community Near Ole Miss

by John Nelson April 2, 2026

OXFORD, MISS. — TSB Realty has brokered the sale of U Club Townhomes at Oxford, a 528-bed student housing community located near the University of Mississippi (Ole Miss) campus in Oxford. College Town Communities purchased the property from an undisclosed seller. The terms of the transaction were not disclosed. Delivered in 2018, the community offers three-bedroom units with front and back porches. Shared amenities include a resort-style pool and hot tub, sun deck, poolside lounge, Jumbotron, sand volleyball court, fitness center, recreation center, grilling stations, fire pits, two dog parks, group and private study lounges and a computer lab.

April 2, 2026

Acquisitions Florida Retail Southeast Top Stories

Joint Venture Acquires 300,000 SF Retail District at $6B Miami Mixed-Use Development

by Hayden Spiess April 2, 2026

MIAMI — A joint venture comprising affiliates of the Falcone Group, ROK Acquisitions, Andre Mirmelli, The Davis Cos. and Jamestown has acquired a retail and entertainment district situated within Miami Worldcenter, a new $6 billion mixed-use destination in downtown Miami. The seller was master development group Miami Worldcenter Associates, which is a partnership between Falcone Group, Nitin Motwani and CIM Group. The sales price was $210 million. Totaling 300,000 square feet of retail, dining and entertainment space with 100,000 square feet of parks and plazas, the acquired property will be operated by Falcone Group, along with ROK Acquisitions and Andrew Mirmelli. Davis Cos. and Jamestown will serve as limited partners. Tenants within the retail district include a flagship Apple store, Sephora, lululemon, Ray-Ban, Lucid Motors, Free People, Savage X Fenty, Posman Books, HŸP Sneakers & Streetwear, Timeluxe, Openbank by Santander, SkinSpirit, Blo Blow Dry Bar and Club Studio. Food-and-beverage offerings include Maple & Ash, Eight Bar, Sixty Vines, Earls Kitchen + Bar, Sweet Paris Crêperie & Café, Serafina, Go Greek Yogurt and Starbucks Coffee. Entertainment venues include Lucky Strike Bowling and the Museum of Ice Cream. “By combining continuity of vision with additional institutional capital, strategic oversight and operational discipline, …

April 2, 2026

Development Florida Multifamily Southeast

Ryan Cos. Breaks Ground on 350-Unit Apartment Community in Fort Myers, Florida

by John Nelson April 1, 2026

FORT MYERS, FLA. — Ryan Cos. US Inc. has broken ground on Trailside at Dia Crossing, a 350-unit apartment community in Fort Myers. The eight-building property will be situated at the gateway to the Village of Estero at U.S. Highway 41 and Alico Road. Ryan Cos. expects to deliver Trailside at Dia Crossing in first-quarter 2027. The property will feature a 30-acre nature preserve and a 9,500-square-foot clubhouse with a fitness center, sauna, cold plunge and a yoga deck. Other amenities include a resort-style pool and a kayak launch to Estero Bay. The project team includes architect Ryan A+E Inc. and construction lender U.S. Bank.

April 1, 2026

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