REBusinessOnline

Stiles, Shorenstein to Develop 23-Story Office Tower in Charlotte’s South End

CHARLOTTE, N.C. — Stiles and Shorenstein Properties LLC will develop a 23-story, 385,000-square-foot office tower in Charlotte’s South End neighborhood. The developers expect the building to also include 11,000 square feet of retail and restaurant space on the ground level. Construction is expected to begin in the next 12 months with potential to accommodate as much as 1 million square feet in future phases for larger users seeking an onsite location. According to Charlotte Business …

Trez Forman Provides $115M Construction Loan for Camperdown Square Mixed-Use Project in Downtown Greenville

GREENVILLE, S.C. — Trez Forman has provided a $115 million construction loan for Camperdown Square, a mixed-use development that is 40 percent built in downtown Greenville. The borrower, Centennial American Partners, is developing Camperdown Square, which is situated on 3 acres adjacent to the Greenville News building at the intersection of South Main and Broad streets. The developers broke ground on Phase II in January on Falls Tower office building within Camperdown Square. In May, …

Olympus Property Acquires 21-Story High-Rise Apartment Building in Tampa

TAMPA, FLA. — Olympus Property has acquired Icon Harbour Island, a 21-story, 340-unit multifamily property in Tampa. The seller, The Related Group, delivered the community in 2017. Olympus Property will rebrand the asset as Olympus Harbour Island. The property offers studio through three-bedroom floor plans. Communal amenities include a pool, cabanas, daybeds, clubhouse, catering kitchen, 24-hour fitness center, game room, billiards tables, game tables, wine cellar, movie theater, grilling …

Cushman & Wakefield Negotiates $54.3M Sale of New Apartment Complex in West Midtown Atlanta

ATLANTA — Cushman & Wakefield has negotiated the $54.3 million sale of 464 Bishop, a 232-unit apartment complex in Atlanta’s West Midtown district. The RADCO Cos. acquired the property for $233,836 per unit and will rebrand it as Radius West Midtown. The asset was built in 2017 and offers one- and two-bedroom floor plans. Communal amenities include car charging stations, bike storage, a clubhouse, 24-hour fitness center, media room, internet café, business center, pool and a dog park. …

Berkadia Arranges $20.1M Acquisition Loan for Multifamily Community in Columbia, South Carolina

COLUMBIA, S.C. — Berkadia has arranged a $20.1 million acquisition loan for Arcadia’s Edge, a 204-unit multifamily community in Columbia. Berkadia originated the 10-year, fixed-rate loan with five years of interest-only payments. Arcadia’s Edge offers one-, two- and three-bedroom floor plans. Community amenities include a car care center, clubhouse, community garden, cyber café, swimming pool and a fitness center. The property is situated at 6837 N. Trenholm Road, seven miles northeast …

Inland Private Capital Sells Bank of America-Occupied Office Building in Baltimore for $99.3M

BALTIMORE, MD. — JLL has arranged the sale of 11333 McCormick Road, a two-tower, single-tenant office building in Baltimore, for $99.3 million. The 377,332-square-foot property is net leased to Bank of America. Situated on 16.3 acres, the asset is located in the Hunt Valley submarket, about 15 miles north of downtown Baltimore. The property has immediate access to I-83 and light rail access to Baltimore City, greater Maryland and Pennsylvania. Built in 1974, the eight-story property was …

Corporate and Economic Growth in Miami Drive Tenant, Investor Demand for Office

Miami continues to be a top-ranked commercial real estate market in the Southeast United States. As the economy gears up to enter its longest expansion period in U.S. history, Miami has shown more resiliency than other South Florida markets, recording steady gains in absorption, robust leasing activity and modest rent growth. Economic fundamentals remain strong as job growth continues to fuel Miami’s office market with the unemployment rate trending down to 3.2 percent. Miami’s …

VanTrust, Tampa International Airport Start Construction on 270,000 SF Office Building

TAMPA, FLA. — VanTrust Real Estate and Tampa International Airport (TPA) broke ground on SkyCenter One, a planned nine-story, 270,000-square-foot office building connected to the airport. The building will feature a conference center, fitness center, café and access to multipurpose trails that will eventually join with Tampa Bay’s regional trail network. The building will be connected to the airport’s car rental center via an elevated pedestrian walkway that is also under construction. …

Joint Venture Breaks Ground on 510,272 SF Distribution Center Near Tampa

PLANT CITY, FLA. — A joint venture between Red Rock Developments, Wharton Industrial, Aspyre Properties and an institutional joint venture partner has broken ground on County Line Distribution Center, a 510,272-square-foot industrial facility in Plant City. The building will feature 36-foot clear heights, cross-dock loading, 200-foot truck courts and 60-foot speed bays. The property is situated on 36 acres, 30 miles east of downtown Tampa and two miles from Amazon’s announced Prime Air hub …

Coca-Cola Bottling United Buys Development Site in South Georgia to Build $60M Flex Facility

TIFTON, GA. — Coca-Cola Bottling Co. Inc. United has acquired an 88.6-acre development site in Tifton for $1.4 million. The company plans to develop a $60 million sales center and warehouse spanning 300,000 square feet on the site. Birmingham, Ala.-based Coca-Cola Bottling United expects the facility to open in late 2021, when it will house 200 employees and produce 4.5 million cases on non-alcoholic beverages per year. The property is located at 101 Lamb Loop Road, which is a near the GSF …

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