Southeast Archives - REBusinessOnline

Foundry Commercial to Develop 565,000 SF Industrial Park in Metro Orlando

Abby Cox — Fri, 06 Feb 2026 14:28:06 +0000

EDGEWOOD, FLA. — Foundry Commercial plans to develop Edgewood Park of Commerce (EPOC), a six-building, 565,000-square-foot industrial development located at 4857 S. Orange Blossom Trail in Edgewood, a suburb of Orlando. The locally based commercial real estate services firm and developer recently closed on the purchase of the 41-acre site from RandallMade Corp., the global knife manufacturer, for $14.1 million, according to local media outlets. EPOC will include three pairs of buildings, which will measure 80,000 to 107,400 square feet each, with truck courts and loading bays between them, according to the Orlando Business Journal. The outlet also reports that the $95 million project’s groundbreaking was originally anticipated for the third quarter of 2025. Foundry expects EPOC to deliver in the second half of 2027.

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Pliskin Realty Acquires Turtle Run Shoppes in Coral Springs, Florida for $19.5M

Abby Cox — Fri, 06 Feb 2026 14:26:17 +0000

CORAL SPRINGS, FLA. — Garden City, N.Y.-based Pliskin Realty & Development has acquired Turtle Run Shoppes, an 80,000-square-foot retail center located in Coral Springs, a city in South Florida’s Broward County, for $19.5 million. Built in 1990 and renovated in 2018, Turtle Run Shoppes was 92 percent leased at the time of sale. Tenants include America’s Best Contacts and Eyeglasses, Cycle Gear, My Salon Suite, Smoothie King, La Brasas Bar & Restaurant, the U.S. Postal Service and Ross Dress for Less, which anchors the center. Douglas Mandel, Zach Levine and Cody Hershey of Marcus & Millichap marketed the property on behalf of the seller, Boca Raton, Fla.-based Grover Corlew, and procured Pliskin Realty in the transaction.

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TA Realty Sells Two Hyperscale Data Centers Totaling 745,000 SF in Northern Virginia

Abby Cox — Fri, 06 Feb 2026 14:25:13 +0000

LEESBURG, VA. — TA Realty, in collaboration with its data center development arm TA Digital Group, has sold two hyperscale data centers totaling 745,000 square feet in Leesburg, a city in Northern Virginia’s Loudoun County. The two facilities are the first completed buildings of a planned five-building, 450-megawatt (mW) hyperscale data center campus. The buyer and additional terms of the sale were not disclosed. The campus is set to be leased to a single, unnamed global cloud provider, according to Data Center Dynamics.

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Continental Realty Corp. Buys 329-Unit Multifamily Community in Summerville, South Carolina

Abby Cox — Fri, 06 Feb 2026 14:24:14 +0000

SUMMERVILLE, S.C. — Baltimore-based Continental Realty Corp. has acquired Elevate at Brighton Park, a 329-unit apartment complex located in the Charleston suburb of Summerville. Alex Okulski of Newmark represented the seller, American Landmark, in the transaction. The sales price was not disclosed. Situated within the 5,000-acre, master-planned community of Nexton, Elevate at Brighton Park comprises 19 three-story buildings that offer garden-style apartments, carriage homes and townhomes. Floorplans at the complex range from one-, two- and three-bedroom layouts, with an average unit size of 1,014 square feet. Amenities include a standalone clubhouse with separate fitness and business centers, a saltwater swimming pool, outdoor lounge areas with grills, hammock garden and a dog park.

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Port Authorities Advance the Southeast’s Industrial Sector With Infrastructural Investments

John Nelson — Fri, 06 Feb 2026 12:39:00 +0000

In 2022, the Port of New Orleans (Port NOLA) announced the Louisiana International Terminal (LIT), a new $1.8 billion container terminal coming to Violet, a small city about 10 miles downriver (or south) from New Orleans in St. Bernard Parish. The project is a public-private partnership between Port NOLA and two private maritime industry leaders, Ports America and Terminal Investment Ltd., and is being funded with private capital and public funding from the State of Louisiana and federal sources. The U.S. Army Corps. of Engineers is managing LIT’s environmental review and permitting process, after which the public-private partnership will begin construction. Set for completion in 2028, the ambitious project is expected to generate 18,000 new jobs by 2050 and handle 2 million TEUs (twenty-foot equivalent units) of cargo traffic annually. “I consider it the most important project in the entire region,” says Andrew Marcus, founder of local commercial real estate services firm Agile Coast. “From an economic development perspective and from a quality-of-life perspective, it is the single-most important project for our region, period. The LIT is going to be the beachhead for getting modernized containerized cargo ships to come in, and we have the ability to have several terminals…

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JLL Income Property Trust Sells 319-Unit Apartment Community in Metro D.C.

John Nelson — Thu, 05 Feb 2026 14:59:48 +0000

MCLEAN, VA. — JLL Income Property Trust, alongside investment partner LCOR, has sold Kingston at McLean Crossing, a 319-unit apartment community located at 7480 Birdwood Ave. in McLean, about 12 miles west of Washington, D.C. The Chicago-based REIT originally acquired the 15-story property in 2021, three years after the property was delivered. The buyer is Pantzer Properties, a multifamily owner-operator based in New York City, according to Apartments.com. Brian Crivella, Yalda Ghamarian, Bill Gribbin and Jack Canepa of Berkadia represented the seller in the transaction. The sales price was not disclosed. Pantzer has rebranded Kingston at McLean Crossing to The Point at McLean. Units come in studio to three-bedroom layouts ranging in size from 569 to 1,932 square feet. Amenities include a pool, fitness center, concierge, conference rooms, spa, EV charging stations and a playground. The property was 96 percent occupied at the time of sale.

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Porter Logistics Moves Into 230,400 SF Industrial Facility Near Savannah

John Nelson — Thu, 05 Feb 2026 14:58:42 +0000

POOLER, GA. — Porter Logistics, a third-party logistics (3PL) warehousing and transportation company, has moved into 195 Nordic Way, a 230,400-square-foot industrial facility in Pooler. Ryan Hoyt, Chris Tomasulo, Austin Kriz, Bennett Rudder and Lindsey Wilmot of JLL arranged the full-building lease on behalf of Porter Logistics and the undisclosed landlord. Situated on 13.5 acres within two miles of I-95 and seven miles from the Port of Savannah, 195 Nordic Way features 2,000 square feet of office space, a 170-foot maneuvering area for trucks, 50 trailer spaces, 28 dock-high doors and separate auto and truck entry and exit points. Porter Logistics will consolidate five other warehouses to the Pooler location, which will support expanded light manufacturing and repackaging activity for liquid chemical products and solid materials such as plastics and resin.

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Walker & Dunlop Arranges $43M Refinancing for Student Housing Community Near Georgia Tech

John Nelson — Thu, 05 Feb 2026 14:48:48 +0000

ATLANTA — Walker & Dunlop has arranged a $43 million loan for the refinancing of The Hive, a 307-bed student housing community located adjacent to the Georgia Tech campus in Midtown Atlanta. Israel Leiner led the Walker & Dunlop team that arranged the loan on behalf of the borrower, Dezure Development. Walker & Dunlop Investment Partners provided the interest-only bridge loan. Located at 566 Centennial Olympic Park Drive NW, The Hive offers 100 fully furnished units alongside shared amenities including study lounges and fitness facilities, as well as a courtyard with an infinity pool and a rooftop lounge. The property opened in fall 2025.

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SRS Negotiates Sales of Three New Central Florida Retail Properties Leased to 7-Eleven

John Nelson — Thu, 05 Feb 2026 14:47:02 +0000

TAMPA, FLA. — SRS Real Estate Partners has negotiated the sales of three new retail properties in Central Florida leased to 7-Eleven totaling $28.8 million. Built in late 2025, the three properties are located in Winter Haven, Daytona Beach and Ocoee and comprise modern convenience stores and fueling stations. 7-Eleven occupies all three properties on 15-year, triple-net leases. Patrick Nutt and William Wamble of SRS represented the sellers, Florida-based developers, in the transactions. The Winter Haven and Ocoee properties were sold as a portfolio to a Florida-based family office for a combined $19.2 million. A locally based, private investor purchased the Daytona Beach location, which is situated across from Latitude Landings and Latitude Margaritaville, in a 1031 exchange for approximately $9.5 million.

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13th Floor, Rockpoint to Develop Transit-Oriented Apartment Community in Boca Raton, Florida

John Nelson — Wed, 04 Feb 2026 14:59:06 +0000

BOCA RATON, FLA. — A joint venture between 13th Floor Investments and Rockpoint plan to develop The Link at Boca, a new transit-oriented apartment community located adjacent to the Boca Raton Tri-Rail Station. The development is a public-private partnership between the joint venture and the South Florida Regional Transportation Authority, which selected 13th Floor as part of its RFP process to develop a mixed-use environment on publicly owned land. As part of the transaction,13th Floor and Rockpoint have obtained $100 million in construction financing from Santander Bank. The joint venture plans to break ground this month and deliver the property approximately 24 months thereafter. Located at 680 W. Yamato Road near I-95 and the El Rio Trail, The Link at Boca will rise eight stories and comprise 340 apartments and 24,000 square feet of retail space on the ground level. Apartments will come in a mix of studio, one-, two- and three-bedroom floorplans ranging in size from approximately 600 to 1,300 square feet. Amenities will include a resort-style pool deck, social lounge and bar, coworking spaces, private offices, yoga studio, kids’ room, golf and virtual reality simulation room, sauna and an outdoor game area. The Link at Boca will also include…

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Capstone Development, University of Virginia to Break Ground on 780-Bed Residence Hall

John Nelson — Wed, 04 Feb 2026 14:56:31 +0000

CHARLOTTESVILLE, VA. — The University of Virginia has selected Capstone Development Partners for a 780-bed residence hall project on the university’s campus in Charlottesville. The development will include three buildings spanning 310,000 square feet at the corner of Copeley and Ivy roads. The project will offer apartment-style units for upperclassmen alongside a 19,000-square-foot dining and retail component. Capstone will serve as a fee developer responsible for the design and construction of the project, which is being financed by the university and is scheduled for completion in fall 2027. The development team also includes Elkus Manfredi Architects, Hoar Construction and Hourigan.

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KLNB Negotiates $28.5M Sale of Warehouse in Sterling, Virginia

John Nelson — Wed, 04 Feb 2026 14:54:35 +0000

STERLING, VA. — KLNB has negotiated the $28.5 million sale of an 83,330-square-foot warehouse located at 45190 Ocean Court in Sterling, about 29 miles west of Washington, D.C. Ryan Goeller, Chase Stewart, Jeff Tarae and Tyler Cumberland of KLNB represented the buyer, JK Land Holdings, in the off-market transaction. The seller was an entity doing business as Sterling Davis Properties LLC. The current tenant, Belfort Furniture, plans to vacate the property in June. JK Land has tapped KLNB to market and lease the property going forward.

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Cleeman Realty Brokers Sale of Food Lion-Anchored Shopping Center in King, North Carolina

John Nelson — Wed, 04 Feb 2026 14:53:07 +0000

KING, N.C. — Miami-based Cleeman Realty Group has brokered the sale of Mountain View Plaza, a 44,000-square-foot shopping center in King, about 16 miles northwest of Winston-Salem, N.C. Food Lion has anchored the 9.9-acre property since 2005. Other tenants include a Mexican restaurant, hibachi restaurant, barbershop, nail salon and a pet groomer. The seller, an unnamed family ownership group, sold the property to a group of private investors completing a 1031 exchange. Jeremy Scheer and Sara Shulman of Cleeman Realty represented both the buyer and the seller in the transaction. The sales price was not disclosed.

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Simon to Invest $250M for Redevelopment of Three Malls in Nashville, Denver and Tampa

Kristin Harlow — Wed, 04 Feb 2026 13:00:00 +0000

INDIANAPOLIS — Indianapolis-based mall owner Simon Property Group (NYSE: SPG) has unveiled plans to invest more than $250 million for the redevelopment of The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver and International Plaza in Tampa. Simon acquired the three properties in November 2025 as part of its purchase of the remaining 12 percent interest in The Taubman Realty Group LP that it did not already own. The $250 million investment reflects Simon’s focus on mall redevelopments to create modern environments that cater to today’s shopper, according to Eli Simon, the company’s chief operating officer. He says the redevelopment projects will mimic the recently completed transformation of Southdale Center in Minneapolis. The Mall at Green Hills will undergo a complete transformation and exterior revitalization featuring two-story flagship entrances, jewel-box spaces for luxury boutiques, new landscaping and “elevated arrival moments.” The interior will receive upscale finishes and architectural enhancements. The 1 million-square-foot mall opened in 1955 under the moniker Green Hills Village. Cherry Creek Shopping Center will receive modernized flagship spaces, refined architectural updates and upgraded storefronts. The enclosed mall, which officially opened in 1990, dates back to the 1950s when it was an open-air mall.…

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Newmark Arranges $690M Refinancing for West Shore’s Multifamily Portfolio in Sun Belt

John Nelson — Tue, 03 Feb 2026 15:46:54 +0000

BOSTON — Newmark has arranged a $690 million CMBS loan for the refinancing of a 13-property, 4,077-unit multifamily portfolio in the Sun Belt. The borrower, Boston-based West Shore, is refinancing properties in five Florida cities — Daytona Beach, Gainesville, Melbourne, Ocala and Tallahassee — as well as Columbia and Lexington, S.C.; Knoxville, Tenn.; and Bryan, Texas. Purvesh Gosalia arranged the cash-out, single-asset single-borrower (SASB) refinancing through Citi. The transaction represents the largest multifamily closing in the United States year-to-date, according to Newmark.

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Goldman Sachs Provides $360M Construction Financing for Four Seasons Hotel and Residences Jacksonville

John Nelson — Tue, 03 Feb 2026 15:46:01 +0000

JACKSONVILLE, FLA. — Goldman Sachs Private Bank, an arm of the lender’s Wealth Management division, has provided $360 million in construction financing for Four Seasons Hotel and Residences Jacksonville, a development that will comprise a 170-room Four Seasons hotel and 26 private residences. The homes, which will begin selling at $4.7 million, will range from two- to five-bedrooms and span 1,930 to 7,936 square feet in size. The borrowers, Shanna Collective and Iguana Investments, are co-developing Four Seasons Hotel and Residences Jacksonville, which comprise two 10-story buildings. Situated along the St. Johns River, the property will feature a 78-slip marina developed on behalf of the City of Jacksonville, as well as upscale amenities and three restaurants. The hotel and condos will be situated near the revamped arena for the NFL’s Jacksonville Jaguars in the city’s sports and entertainment district. Shanna Collective and Iguana Investments topped off the development in August 2025 and plan to debut both components in 2027.

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CBRE Negotiates Sale of 198,424 SF Office Building in Morrisville, North Carolina

John Nelson — Tue, 03 Feb 2026 15:44:26 +0000

MORRISVILLE, N.C. — CBRE has negotiated the sale of Forty540 II, a 198,424-square-foot, five-story office building located at 710 Slater Road in Morrisville, about 14 miles northwest of Raleigh. Patrick Gildea, Matt Smith, Ben Kilgore and Chandler Hawkins of CBRE represented the seller, FCP, in the transaction. The buyer and sales price were not disclosed. Delivered in 2021 near the intersection of I-40 and I-540, Forty540 II was 94.6 percent leased at the time of sale to tenants including Renesas, N-Able and Synopsys. Amenities include a rooftop sky lounge, fitness center, conference and collaboration areas and outdoor patio space. CBRE’s Brad Corsmeier and Ed Pulliam were the property’s previous leasing agents. The duo signed Renesas to a nearly 90,000-square-foot lease at Forty540 II in May 2023.

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Marcus & Millichap Brokers $26.5M Sale of Multifamily Portfolio in Auburn, Alabama

John Nelson — Tue, 03 Feb 2026 15:42:42 +0000

AUBURN, ALA. — Marcus & Millichap has brokered the $26.5 million sale of a three-property multifamily portfolio in Auburn. The properties include Vue on Dean (61 units constructed in 1977), Vue on Glenn (72 units built in 1974) and Vue on Ross (54 units completed in 1964). Josh Jacobs of Marcus & Millichap’s Birmingham office represented the seller and procured the buyer in the transaction. Both parties requested anonymity. The seller recently invested $3.3 million to upgrade 90 percent of the portfolio’s unit interiors as well as update the properties’ landscaping, painting and re-branding.

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Q4 2025 Demand Overview: Industrial and Multifamily Slowed, Office Stabilized, Retail Held Steady

Sarah Daniels — Tue, 03 Feb 2026 12:00:00 +0000

Lee & Associates’ 2025 Q4 North America Market Report looks at diverging market demand across industrial, office, retail and multifamily spaces nationwide in the last quarter. Demand continued to soften for industrial spaces, while multifamily saw a reversal: decreased demand after seven consecutive quarters of strengthening. Office saw a slow increase in net absorption, but only after six years of negative absorption; retail demand was mixed. Industrial and retail spaces contended with tariff concerns, while all four types of commercial real estate saw either decreased or slowed rent growth in the final quarter of 2025. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below illustrate the market landscape through data on net absorption, leasing and development activity, sales transactions and rent growth, in addition to demand. Industrial Overview: Demand Falls Under Tariff Pressure Falling demand for industrial space continued in 2025 under the added strain of the United States’ aggressive trade and tariff policies affecting commercial property markets across North America. In the United States net absorption declined again in 2025 as tenant and rent growth fell to their lowest levels since the aftermath of the financial crisis. Meanwhile, inventory growth has been scaled back…

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JLL Arranges $50M Sale of Bullitt II Logistics Center in Shepherdsville, Kentucky

Abby Cox — Mon, 02 Feb 2026 15:10:55 +0000

SHEPHERDSVILLE, KY. — JLL Capital Markets has arranged the $50 million sale of Bullitt II Logistics Center, a 437,000-square-foot industrial warehouse and distribution facility located at 251 Buffalo Run Road in Shepherdsville, a southern suburb of Louisville in Bullitt County. Ross Bratcher, Sean Devaney, Dennis Mitchell, Kurt Sarbaugh, Powell Spears and Matt Hartlage of JLL represented the seller, Atlanta-based Core5 Industrial Partners, in the transaction. Chicago-based LaSalle Investment Management was the buyer. Situated roughly 12 miles from the UPS Worldport, Bullitt II Logistics Center is fully leased to a subsidiary of Dorman Products, an American supplier and manufacturer of aftermarket automotive replacement parts. The cross-dock facility was delivered in 2022 and features 36-foot clear heights, fully circulating truck courts with up to 185-foot depths, 50 dock doors, 63 designated trailer parking spaces and more than 14,000 square feet of office space.

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