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RCP Unveils Plans for $300M Mixed-Use Expansion at MidCity District in Huntsville

John Nelson — Tue, 23 Dec 2025 15:42:15 +0000

HUNTSVILLE, ALA. — RCP Cos. has unveiled plans for MidCity Arts + Innovation, a 12-acre development within the larger $2.2 billion MidCity District in downtown Huntsville. The project represents a $300 million investment and will expand the development’s master plan by three city blocks along Sanderson Road. MidCity Arts + Innovation will be anchored by MidCity Live, a 3,000-seat indoor music venue jointly designed by Matheny Goldmon Architects and Urban Design Associates. RCP will name an operating partner for the venue in early 2026. MidCity Live will join The Orion Amphitheater, an existing 8,000-seat music venue within MidCity District. Other components of the expansion will include a new location for The Camp, an outdoor venue and community gathering space; two hotels, including a 200-room, music-branded hotel; a tech-centric office campus developed by the Apollo Coalition nonprofit; and approximately 60,000 square feet of new retail and entertainment space.

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Highline, GCP Acquire 936,000 SF Industrial Facility in Metro Louisville Leased to Amazon

John Nelson — Tue, 23 Dec 2025 15:40:55 +0000

SHEPHERDSVILLE, KY. — A joint venture between Highline Real Estate Partners and Growth Capital Partners (GCP) has purchased a 936,000-square-foot industrial facility located at 100 W. Thomas P. Echols Lane in Shepherdsville, a southern suburb of Louisville. Built in 2009 near an I-65 interchange, the 51.5-acre property has been fully leased to Amazon since 2013. George Fallon of CBRE represented the undisclosed seller in the transaction. The sales price was also not disclosed.

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Cushman & Wakefield Arranges $76M Refinancing for Apartment Community in Murfreesboro, Tennessee

John Nelson — Tue, 23 Dec 2025 15:39:09 +0000

MURFREESBORO, TENN. — Cushman & Wakefield has arranged a $76 million loan for the refinancing of Overall Creek Apartments, a 384-unit multifamily community located at 5150 Jack Byrnes Drive in Murfreesboro, about 33 miles southeast of Nashville. John Alascio, Chuck Kohaut and Chris Meloni of Cushman & Wakefield arranged the loan through PCCP on behalf of the borrower, Denholtz, a private investment management firm based in Red Bank, N.J. Built in 2020, Overall Creek was 94 percent occupied at the time of financing. The property offers one-, two- and three-bedroom residences averaging 1,057 square feet in size, as well as a courtyard with a pool and grill stations, fire pits, a dog park, hydro massage room, tanning bed, business center and a fitness center.

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GMH Communities, AEW Capital Buy Two Student Housing Communities Near Clemson University, LSU

John Nelson — Tue, 23 Dec 2025 15:37:28 +0000

CLEMSON, S.C. AND BATON ROUGE, LA. — A joint venture between GMH Communities and AEW Capital Management has acquired two student housing communities in Clemson and Baton Rouge. The acquisitions included Dockside at Clemson, a 633-bed student housing property located near the Clemson University campus in South Carolina; and Flatiron, a 293-bed community located near Louisiana State University (LSU) in Baton Rouge. Dockside has been rebranded The Cove at Clemson as part of the acquisition. The property offers units in studio, one-, two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include study rooms and lounges, a coffee bar, fitness center, lakefront boardwalk, game room, dog park and walking paths. Flatiron offers units in studio, one-, four- and five-bedroom configurations with bed-to-bath parity. Shared amenities include a fitness center, computer lab, pool, grilling station, yoga studio, clubhouse, dog park and study rooms. Mike Brady, Jake Wisness, Bill Maloney and Jake Davidson of JLL secured financing for the acquisition. Teddy Leatherman of JLL brokered the acquisition of the properties from seller Fountain Residential. Terms of the transaction were not released.

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Berkadia Brokers Sale of 240-Unit Apartment Community in Murrells Inlet, South Carolina

John Nelson — Tue, 23 Dec 2025 15:35:52 +0000

MURRELLS INLET, S.C. — Berkadia has brokered the sale of Waterleaf at Murrells Inlet, a 240-unit, garden-style apartment community located at 13 Muddy Bay Drive near Myrtle Beach. Caleb Troop, Mark Boyce, Jim Sewell, David Lansbury, Erika Maston, Blake Coffey, Thomas Colaiezzi and Matt Robertson of Berkadia represented the seller, Greenville, S.C.-based Graycliff Capital, in the transaction. North Carolina-based Chaucer Creek Capital purchased Waterleaf at Murrells Inlet for an undisclosed price. Jeremy Lynch and Jake Adoni of Berkadia’s Philadelphia office secured acquisition financing on behalf of the buyer. Built in 2018, the apartment community features one-, two- and three-bedroom apartments ranging in size from 726 to over 1,100 square feet. Amenities include a fitness center with cardio and weightlifting equipment; a clubhouse with a lounge, game room and fireplace; dog park with a wash station; a saltwater swimming pool; an outdoor entertainment area with a firepit; private garages; and a car wash station.

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Tariffs Are Moving the Needle for Manufacturing, Distribution Demand on the I-85 Industrial Corridor

John Nelson — Tue, 23 Dec 2025 12:31:00 +0000

More than seven months have passed since Liberation Day, where the Trump administration declared a sweeping package of tariffs for foreign trade partners and specific commodities, including steel and aluminum. Since the announcement in early April, there has been a boon in the amount of multibillion-dollar advanced manufacturing, life sciences, semiconductor and data center investment announcements around the country, with the markets along the I-85 Industrial Corridor being no exception. To name a few: Toyota has recently begun production at its $13.9 billion battery plant in Liberty, N.C.; Rivian broke ground on its $5 billion electric vehicle plant near Social Circle, Ga.; JetZero is planning to create 14,500 jobs for an aerospace manufacturing facility in Greensboro, N.C.; Eli Lilly is developing a $5 billion pharmaceutical manufacturing facility in the Richmond suburb of Goochland County, Va.; and Google is developing a trio of data centers in metro Richmond’s Chesterfield County. “We have incredible momentum bringing business back into the United States, which is going to drive industrial growth, particularly in the Southeast,” says Jim Anthony, CEO and founder of APG Companies. “We’re not unionized, we have lower taxes, fewer regulations and lower cost of energy, which is huge factor in site…

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Jackson-Shaw Delivers 594,300 SF First Phase of Landis Ridge Industrial Park in Central North Carolina

Abby Cox — Mon, 22 Dec 2025 15:17:26 +0000

LANDIS, N.C. — Texas-based real estate developer Jackson-Shaw has delivered Phase I of Landis Ridge, a 150-acre master-planned industrial park located in Landis, a central North Carolina city that sits along I-85. This is the first of two planned phases for the property, which will comprise 1.3 million square feet upon completion. The project team for Landis Ridge consists of Compatriot Capital (equity partner), Frampton Construction (general contractor), Orsborn Design Group (civil engineer), Merriman Schmitt Architects (architect) and Hartford Investment Management Co. (financing). Jay Hill, Spencer Yorke and Matthew Greer of JLL are leading leasing efforts for the development. Phase I of Landis Ridge totals 594,300 square feet and spans three speculative buildings, which include Building 1A at 1205 Ridgeview St. (202,800 square feet), Building 1B at 205 Richwater St. (121,800 square feet) and Building 2 at 1400 Ridgeview St. (269,700 square feet). All three buildings are available for lease and can accommodate users ranging in size from 33,180 to 594,300 square feet. Jackson-Shaw recently finished the clearing and grading of the remaining 58 acres, along with the construction of a stormwater control measure pond, for Phase II of Landis Ridge. The second phase will be able to accommodate build-to-suit…

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Terra Arranges $74M Sale of Doral Square Lifestyle Shopping Center in South Florida

Abby Cox — Mon, 22 Dec 2025 15:14:15 +0000

DORAL, FLA. — Terra has arranged the $74 million sale of Doral Square, a 150,000-square-foot lifestyle shopping center in Doral, a western suburb of Miami. North Miami-based IMC Equity Group was the buyer. Mark Gilbert of Cushman & Wakefield brokered the transaction. Ocean Bank provided a $36 million acquisition loan to the buyer. Situated at the gateway to downtown Doral, the property is anchored by Marshalls, Ross Dress for Less and UFC Gym. Additional tenants include HomeGoods, Pet Supermarket, One Medical, Laser Away, AT&T, Paradise Grills, European Wax Center, First Watch, Jersey Mike’s, Just Salad, Panda Express, Nacion Sushi, Lima Bakery, Miu’s Tea and El Toro Loco.

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APG Acquires 300,080 SF Distribution Facility in Rock Hill, South Carolina

Abby Cox — Mon, 22 Dec 2025 15:12:30 +0000

ROCK HILL, S.C. — Atlanta Property Group (APG) has acquired 885 Paragon Way, a 300,080-square-foot distribution facility located in Rock Hill, roughly 15 miles south of Charlotte. Situated in the master-planned Riverwalk Business Park, the temperature-controlled property features 32-foot clear heights, 33 dock high doors, a 180-foot truck court and a 4,000-amp electrical system. The property is currently vacant. The sales price and seller were not disclosed.

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Lockwood Cos. Breaks Ground on 40-Unit Affordable Seniors Housing Community in Albany, Georgia

Abby Cox — Mon, 22 Dec 2025 15:11:01 +0000

ALBANY, GA. — Lockwood Cos. has broken ground on Dogwood Trail Apartments II, a 40-unit affordable seniors housing community located in the South Georgia city of Albany. Construction of Dogwood Trail Apartments II is estimated to take 14 months to complete, with a scheduled opening in winter 2027. Upon completion, the senior living community will provide housing for residents age 55 and older who earn 30, 50, 60 and 70 percent of the area median income (AMI). In partnership with the Albany Housing Authority, eight units will also be set aside for residents with project-based Housing Choice Vouchers. Dogwood Trail Apartments II will offer 20 one-bedroom and 20 two-bedroom apartments with elevators. The energy-efficient project will meet National Green Building Standards and will be furnished with dishwashers and washer/dryer connections. Additionally, all units will be pre-wired for cable and high-speed internet access.

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BendinRoad Development, Landings Begin Leasing 104-Unit Apartment Community in Downtown Tampa

Abby Cox — Mon, 22 Dec 2025 15:09:00 +0000

TAMPA, FLA. — Locally based BendinRoad Development, in partnership with Landings Real Estate Group, has begun leasing at The Residences at 801 East Whiting Street, a new 104-unit rental community located near the $3 billion Water Street Tampa neighborhood. Nicholas & Associates served as general contractor for the development. The Residences at 801 East Whiting Street offers 51 long-term rentals for 42 studio apartments and nine one-bedroom apartments, along with 53 fully furnished apartments designated for short-term rentals that are situated on the second through fifth floors. Apartment units range in size from 388 to 542 square feet. Amenities at the complex include a fitness center; spa, pool and outdoor kitchen with a grilling area; lobby lounge with a kitchenette; bike and scooter storage; coworking space with two private offices and a common work area; and a secure package room.

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D.C. Retail Remains a Great Opportunity, If You Know Where to Look

John Nelson — Mon, 22 Dec 2025 14:33:27 +0000

The Washington, D.C., commercial real estate market is intricate, shaped by broad economic trends and local dynamics. The recent federal government shutdown underscored ongoing challenges, intensifying uncertainty and slowing local transactions. Continued ambiguity around trade and tariff policies further complicates business planning, adding to the region’s cautious dealmaking environment. Anxiety affects the region’s key economic source: federal workers and contractors, who make up 40 percent of its economy. Since January 2025, federal job losses here have outpaced the national average, increasing the risk of a local slowdown. Despite the area’s wealth, ongoing job uncertainty should guide all investment and operational choices. The interplay between federal employment trends and local business activity means that investors and operators must remain vigilant, adapting strategies to respond to shifting workforce dynamics and consumer sentiment. Tale of two marketsThe D.C. retail market is split: downtown faces challenges due to office vacancies and low weekday traffic, while suburban and residential-heavy urban areas are thriving. Affluent spots in Northern Virginia and Suburban Maryland have the lowest vacancy rates thanks to stable local shoppers. These areas benefit from consistent foot traffic and resilient spending patterns, which help insulate them from broader economic volatility. From a capital markets perspective,…

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JLL Arranges $92.5M Sale of Industrial Portfolio in East Tampa

Abby Cox — Fri, 19 Dec 2025 15:45:40 +0000

TAMPA, FLA. — JLL Capital Markets has arranged the sale of a nine-building portfolio located across two industrial parks in Tampa on the east side of the city’s central business district. East Capital Partners purchased the 492,957-square-foot portfolio for $92.5 million, according to the Tampa Bay Business Journal. Luis Castillo, Cody Brais and David Orta Jr. of JLL represented the seller in the transaction. Melissa Rose, Jovi Rodriguez and Duncan Miller, also with JLL, secured financing for the acquisition on behalf of the new owner. The portfolio spans 25.6 acres and includes Adamo Distribution Center and Commerce Distribution Center. The small-bay industrial parks were 94 percent leased at the time of sale to 28 tenants across multiple industries such as utilities, logistics, manufacturing, consumer goods, building materials, biotech, medical supplies and technology.

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Basis Purchases Industrial Portfolio in Hialeah, Florida for $84.8M

Abby Cox — Fri, 19 Dec 2025 15:43:11 +0000

HIALEAH, FLA. — Basis Industrial has purchased a portfolio of 42 small-bay industrial buildings totaling 396,135 square feet in Hialeah, a suburb of Miami, for $84.4 million. Jose Lobón of CBRE represented the seller, TA Realty, in the transaction. Anthony Scavo internally represented Basis Industrial. BankUnited and Seacoast Bank provided financing for the acquisition, while NexPoint Advisors provided more than $20 million of preferred equity. The portfolio includes 24 buildings totaling 282,000 square feet at West 31st Place, West 32nd Place and West 33rd Place; 17 buildings totaling 93,116 square feet in the east pocket at West 8th Court, West 27th Street and West 28th Street; and one 20,119-square-foot building at 7395 W. 18th Lane. The industrial buildings feature a mix of cross-dock and front-load configurations with dock-high and grade-level loading, 14- to 22-foot clear heights, with roughly 5 to 12 percent of the space dedicated to offices. The portfolio was 85 percent leased to 79 tenants at the time of sale in industries relating to home design and improvement, as well as many other small family-owned businesses. The average tenant size is approximately 4,280 square feet.

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BXP Buys D.C. Office Building for $55M, Plans Redevelopment Following Sidley Austin Anchor Lease

Abby Cox — Fri, 19 Dec 2025 15:40:19 +0000

WASHINGTON, D.C. — BXP has acquired 2100 M Street, a 300,000-square-foot office building located in the West End of Washington, D.C., for $55 million. The publicly traded, Boston-based office REIT plans to demolish the existing building and develop a new 320,000-square-foot office tower. BXP expects to commence construction of the project in 2028. Eastdil Secured represented the undisclosed seller in the transaction. Additionally, Sidley Austin LLP has signed a 240,000-square-foot lease to anchor the future trophy property, occupying 75 percent of the building. The global law firm will be situated on the fourth through 10th floors and is scheduled to move into its new space in 2031. Lou Christopher and Jordan Brainard of CBRE represented Sidley Austin in the lease transaction.

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Wood Partners to Break Ground on 328-Unit Alta Beacon Apartment Community in Nashville

Abby Cox — Fri, 19 Dec 2025 15:38:30 +0000

NASHVILLE, TENN. — Wood Partners is set to break ground on Alta Beacon, a 328-unit apartment complex located in Nashville. Construction will begin next month, with the first units scheduled for delivery in the second quarter of 2026. Situated on the edge of the city’s Wedgewood-Houston neighborhood, the wrap-style community will feature a mix of studio, one- and two-bedroom floorplans and will span five stories. Amenities at Alta Beacon will include a clubhouse, fitness center, resort-style swimming pool, indoor sky deck with a large exterior deck, dog yards, pet spa and gate-protected structured parking.

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Sigmund Cos. Acquires 84,373 SF Grocery-Anchored Retail Center in Cary, North Carolina

Abby Cox — Fri, 19 Dec 2025 15:35:29 +0000

CARY, N.C. — The Sigmund Cos. (TSC) has acquired Millpond Village, an 84,373-square-foot grocery-anchored retail center located in Cary, a suburb of Raleigh. TSC will operate the property as part of a joint venture with a Washington, D.C.-based institutional partner. Anchored by Publix, Millpond Village features other national tenants such as Dollar General and Starbucks. Berkeley Capital Advisors represented the undisclosed seller in the transaction. CBRE will handle leasing at Millpond Village, while Cushman & Wakefield will provide management services.

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Strategic Property Partners to Develop Entertainment District in Downtown Tampa

Abby Cox — Fri, 19 Dec 2025 12:45:00 +0000

TAMPA, FLA. — Strategic Property Partners (SPP) has announced plans to develop an entertainment district in downtown Tampa. The district is proposed for a vacant parcel across from Benchmark International Arena, the 19,092-seat home of the NHL’s Tampa Bay Lightning. Situated on Channelside Drive between Morgan and Jefferson streets, the new district will support the broader $3 billion Water Street Tampa neighborhood. SPP plans to partner with Lightning owner Vinik Sports Group (VSG) to manage the entertainment venue, which will be privately financed. “Water Street Tampa was designed to evolve, and this entertainment district is the next step in completing the larger vision,” says Josh Taube, CEO of SPP. “Water Street Tampa is a dynamic neighborhood with waterfront, public spaces, residences, retail, hotels and offices all connected through a walkable experience. This project activates the western edge of the neighborhood by adding an entertainment energy through live music and cultural experiences, strengthening ‘WST’ as a preeminent destination.” Upon full build-out, Tampa’s new entertainment district will include a 3,500-seat music and performance venue for rising and mid-tier touring artists; a 250-room hotel; and 100,000 square feet of retail, dining and entertainment space. SPP aims to break ground on the project in…

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Crescent Communities, Fortius Capital Sell 449,069 SF Industrial Facility in Charlotte Leased to Amazon

John Nelson — Thu, 18 Dec 2025 16:17:42 +0000

CHARLOTTE, N.C. — Crescent Communities and Fortius Capital Partners have sold AXIAL Rapid Commerce, a 449,069-square-foot industrial facility located at 500 Rhyne Road in Charlotte. The owners recently signed Amazon to a full-building lease at the facility, which is situated within the 1.5 million-square-foot, 140-acre Rapid Commerce Park. Pacolet Milliken, the project’s limited partner, is purchasing the facility from Crescent Communities and Fortius Capital for an undisclosed price. The LEED-certified property features 3,850 square feet of office space, 338 automobile parking spaces, 106 trailer parking spaces, two drive-in doors, multiple storefronts, 36-foot clear heights and abundant dock doors.

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United Group Begins Construction on 152-Unit Active Adult Development in Winter Park, Florida

John Nelson — Thu, 18 Dec 2025 16:15:58 +0000

WINTER PARK, FLA. — The United Group of Cos. has begun construction on Terracotta Terrace, an active adult community in Winter Park, roughly six miles northeast of Orlando. Upon completion, the property will total 152 units reserved for residents age 55 and older. Residences will include one- and two-bedroom apartments, as well as penthouses. Additionally, the community will feature 12,000 square feet of amenity space. Amenities will include a pool, outdoor bar and kitchen, dog park, bocce ball, shuffleboard courts, fire pits, cabanas, a great room, café and bar area, movie theater, fitness center, yoga studio and a wellness center with a salon, massage studio and sauna. Completion of construction is scheduled for the fourth quarter of 2027. The project team includes Winter Park Construction and Forum Architecture & Design. United Plus Property Management, the management arm of United Group, will operate the community.

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