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Legacy Realty Group Arranges $11.8M Sale of Shopping Center in Jackson, Mississippi

John Nelson — Tue, 16 Dec 2025 13:00:00 +0000

JACKSON, MISS. — Legacy Realty Group Advisors has arranged the sale of Westland Plaza, a 214,281-square-foot shopping center located in Jackson, for $11.8 million. Grocery Depot anchors the property, which is also home to a mix of additional tenants including Planet Fitness, Family Dollar, Hibbett Sports, Rent-A-Center, Rainbow Shops and City Gear. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy Realty Group represented the buyer in the transaction. Beezie Landry and Justin Langlois of Stirling Investment Advisors represented the seller. Both parties requested anonymity.

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SLIB Negotiates Sale of 140-Unit Seniors Housing Community in Ocean Springs, Mississippi

John Nelson — Mon, 01 Dec 2025 15:23:45 +0000

OCEAN SPRINGS, MISS. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Ocean Springs along the Mississippi Gulf Coast. Totaling 140 units, the property features 18 independent living apartments, 60 assisted living residences and 62 memory care units. According to SLIB, the community was stabilized at the time of sale. The seller, the partnership that developed the asset, is exiting the seniors housing sector. A Southeast-based owner and operator with an existing presence in the state acquired the community for an undisclosed price. Daniel Geraghty and Bradley Clousing of SLIB brokered the transaction on behalf of the seller.

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TSB Capital Advisors Arranges Refinancing for 531-Bed Student Housing Community Near Mississippi State University

Abby Cox — Mon, 17 Nov 2025 15:58:46 +0000

STARKVILLE, MISS. — TSB Capital Advisors has arranged the refinancing for The Walk Starkville, a 531-bed student housing community located near the Mississippi State University campus in Starkville. TSB arranged the fixed-rate loan on behalf of Spaces Management. Terms of the financing were not released. Developed in 2023, The Walk Starkville offers 249 units in one-, two-, three-, four- and five-bedroom floorplans. Amenities include a resort-style swimming pool, fitness center and yoga studio, spa with a sauna and steam room, an entertainment courtyard with a TV and multiple lounge areas, as well as a clubhouse with a golf simulator, gaming lounge and private study areas.

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Huntington Bancshares Agrees to Acquire Cadence Bank for $7.4B

Taylor Williams — Mon, 27 Oct 2025 11:44:00 +0000

COLUMBUS, OHIO — Columbus, Ohio-based Huntington Bancshares Inc. (NASDAQ: HBAN) has entered into an agreement to acquire Cadence Bank (NYSE: CADE), which has headquarters in Houston and Tupelo, Miss., in an all-stock merger of regional banks that is valued at $7.4 billion. Under the terms of the agreement, Huntington will issue 2.475 shares of common stock for each outstanding share of Cadence common stock. Based on Huntington’s closing price of $16.07 per share on October 24, the last full day of trading before the deal was announced, the consideration implies a purchase price of $39.77 per share. Following the closing, which is expected to occur in the first quarter of 2026, Cadence Bank teams and branches will operate under the Huntington Bank name and brand. Cadence currently has about 390 locations across Texas and the surrounding Southern United States, and the new banking entity will have about $276 billion in assets under management. “This is an important next phase of growth for Huntington,” says Steve Steinour, chairman, president and CEO of Huntington Bancshares. “This partnership will extend the reach of our full franchise to 21 states and into new, high-growth markets for which we have a powerful playbook. Today’s announcement…

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Cushman & Wakefield | Commercial Advisors Arranges Sale-Leaseback of Industrial Portfolio in Jackson, Detroit

John Nelson — Thu, 04 Sep 2025 14:16:10 +0000

JACKSON, MISS. AND DETROIT — Cushman & Wakefield | Commercial Advisors has arranged the sale-leaseback of a five-property light-manufacturing industrial portfolio totaling 169,043 square feet. Four of the five assets are located in metro Jackson and one facility is located in metro Detroit. Landon Williams and Katie Hargett of Cushman & Wakefield | Commercial, along with Pratt Rogers of Kerioth Corp., represented the seller, an entity doing business as Multicraft Real Estate LLC. The buyer, an entity doing business as Harrison Cayden Holdings LLC, purchased the portfolio and leased it back on a 15-year term to Multicraft, which specializes in manufacturing equipment for the automotive, power tool and HVAC industries. Other terms of the transaction were not disclosed.

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Memphis: A World-Class Logistics Hub Positioned for Future Growth

John Nelson — Mon, 11 Aug 2025 11:52:00 +0000

The Memphis industrial market stands at a pivotal juncture in mid-2025, navigating temporary headwinds while maintaining the fundamental strengths that have established it as one of the Southeast’s premier logistics hubs. Despite recent challenges from global trade uncertainties and tariff negotiations impacting project timelines, the market’s long-term outlook remains positive with a foundation built on unparalleled logistics infrastructure and strategic advantages. Global logistics advantage Memphis stands as the ultimate global logistics hub, with unrivaled multimodal infrastructure creating competitive advantages few markets can match. The “FedEx effect” remains one of Memphis’ most significant economic drivers. This powerful multiplier — named for the company’s massive impact on the regional economy — has transformed Memphis into a critical node in global supply chains. With its World Hub at Memphis International Airport, FedEx connects businesses to hundreds of countries across multiple continents, processing millions of shipments while employing thousands across the region. Recent initiatives, including Network 2.0, One FedEx and the new Automated Sorting Facility at the World Hub, represent strategic investments in efficiency and integration that are likely to boost the Memphis industrial real estate market. Additionally, Memphis International Airport ranks among the busiest cargo airports in the Western Hemisphere and the second…

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Deven Group, Kayne Anderson Break Ground on 755-Bed Student Housing Community Near University of Mississippi

John Nelson — Wed, 06 Aug 2025 13:23:59 +0000

OXFORD, MISS. — Development Ventures Group (Deven Group) and Kayne Anderson Real Estate have broken ground on a 755-bed student housing community located within a half-mile of the University of Mississippi’s (Ole Miss) campus. Situated on Anderson Road, the 243-unit property represents the first large-scale student housing project to be built within a mile of the Ole Miss campus since 2018. The design-build team includes BirdDog/Christa Development, Baker Barrios Architects and Montgomery Martin Contractors. BMO Bank is providing an undisclosed amount of construction financing. Set for completion in summer 2027, the unnamed community will span 370,000 square feet and offer one-, two-, three- and four-bedroom units. Amenities will include a resort-style pool with cabanas, jumbotron, beach volleyball court, pickleball court, indoor/outdoor fitness center, sauna, cold plunge, private study areas, sport simulator, a yoga/spin studio, food truck court and a 3,000-square-foot events venue.

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Regions Bank Provides $117.3M in Financing for Three Affordable Housing Communities in Jackson, Mississippi

Abby Cox — Fri, 01 Aug 2025 13:21:32 +0000

JACKSON, MISS. — Regions Bank’s affordable housing group has provided a combined $117.3 million in financing to Vitus Group LLC for the acquisition and rehabilitation of three existing affordable housing communities in Jackson. The properties include Village Apartments, Commonwealth Apartments and Madonna Manor, which are now part of Jackson Trio, a collection of townhomes, garden-style apartments and a 13-story high-rise apartment building for seniors. The portfolio totals 77 buildings and 613 units, with 149 of the units dedicated to age-restricted housing for people age 62 and older. Jackson Trio will provide affordable housing to renters earning between 50 percent and 80 percent of the area median income. Regions Affordable Housing provided approximately $36.6 million in federal Low-Income Housing Tax Credit (LIHTC) equity, a $19.7 million bridge loan and a $61 million Fannie Mae MTEB permanent loan. The properties feature a mix of one-, two-, three- and four-bedroom apartments with various amenities, including an exercise room, onsite property management and maintenance and kitchen appliances. Two developments also include playgrounds for children, and Madonna Manor includes free lunch by the City of Jackson for senior residents.

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CBL Properties Sells 621,000 SF Promenade Shopping Center in D’Iberville, Mississippi for $83.1M

John Nelson — Wed, 23 Jul 2025 14:10:42 +0000

D’IBERVILLE, MISS. — CBL Properties, a publicly traded owner and manager of malls and shopping centers, has sold The Promenade, a 621,000-square-foot power shopping center located in D’Iberville, roughly four miles north of Biloxi, Miss. An undisclosed investor purchased the center for $83.1 million. Built in 2009 by CBL Properties, The Promenade is anchored by national retailers including Target, Kohl’s, Best Buy, Dick’s Sporting Goods, Ulta Beauty, PetSmart and Marshall’s. Restaurants at The Promenade include Chick-fil-A, Newk’s Express Café, Buffalo Wild Wings and Olive Garden. According to the Biloxi SunHerald, the Target at The Promenade was the first Target to open in southern Mississippi.

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Marcus & Millichap Brokers Sale of 164-Unit Apartment Community Near Mississippi State University

Abby Cox — Fri, 18 Jul 2025 14:03:56 +0000

STARKVILLE, MISS. — Marcus & Millichap has brokered the sale of The Grove Apartments, a 164-unit community located in Starkville near Mississippi State University. Originally built in 1975, the property is situated on 10 acres and features a mix of one-, two- and three-bedroom floorplans ranging in size from 704 square feet to 1,028 square feet, according to ForRent.com. Amenities include laundry facilities and a dog park, as well as onsite management and maintenance. Josh Jacobs and Lloyd Escue of Marcus & Millichap marketed the property on behalf of the seller, MRKT Capital, and procured the buyer, Emerald City Associates, in the transaction. Mickey Davis was the firm’s broker of record in Mississippi.

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Cushman & Wakefield Commercial Advisors Negotiates Sale of 26,612 SF Retail Center Near Memphis

Abby Cox — Mon, 14 Jul 2025 15:17:16 +0000

SOUTHAVEN, MISS. — Cushman & Wakefield has negotiated the sale of South Creek Collection, a 26,612-square-foot retail center located in the Memphis suburb of Southaven, roughly 14 miles south of the Tennessee border. Situated at 7090 Malco Blvd., the center was built in 1999 and sits on nearly 20 acres. Tenants at the property include Once Upon A Child, Edible Arrangements, Envy Nails and Baskin-Robbins. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors represented the buyer, an entity doing business as KAG3 Southaven Real Estate LLC, in the transaction. Eric Williams of Newmark represented the seller, a company doing business as South Creek Collection LLC.

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Greystar, Ole Miss to Develop Two Residence Halls Totaling 2,700 Beds, Dining Facility

John Nelson — Wed, 09 Jul 2025 15:05:44 +0000

OXFORD, MISS. — A public-private partnership between Greystar and the University of Mississippi (Ole Miss) is set to break ground on a 2,700-bed residence hall project on the university’s campus in Oxford. The development will span two sites — one formerly occupied by Kincannon Hall and one on West Row across from the Ole Miss School of Law. The Kincannon site will be home to a 1,200-bed community with parking supported by a new parking garage, which is already under construction. The West Row site will include a 1,500-bed development with a modern dining facility and 1,500-space parking garage. The communities will offer suites and semi-suites and will be constructed in partnership with Modern Living Solutions, Greystar’s modular construction business. Sections of the buildings will be made in the Modern Living Solutions factory in Knox, Pa., and shipped to campus to be assembled onsite. To support economic development and job creation in Mississippi, Ole Miss and its partners have emphasized that over 70 percent of the onsite construction work will be available to local and regional subcontractors. The project is scheduled for completion in 2027.

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Marcus & Millichap Brokers $6.8M Sale of Two-Property Retail Center Portfolio in North Carolina, Mississippi

John Nelson — Thu, 26 Jun 2025 14:24:32 +0000

SPRING LAKE, N.C. AND JACKSON, MISS. — Marcus & Millichap has arranged the $6.8 million portfolio sale of two retail properties totaling 53,000 square feet in Spring Lake and Jackson. Walmart shadow-anchors both centers. Built in 2004, Spring Lake Town Center totals 29,841 square feet and was 85 percent leased at the time of sale to tenants including Dollar Tree, AT&T, GameStop, Cricket Wireless, Cato, Papa Murphy’s and OneMain Financial. The second property is a 24,069-square-foot retail center located at 4882-4898 Highway 18 W in Jackson. Tenants include Humana, It’s Fashion and Shoe Show. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, a private real estate company, and procured the buyer, a private 1031 exchange investor, in the transaction. Both parties requested anonymity. Donald Gilchrist served as Marcus & Millichap’s broker of record in North Carolina, while Mickey Davis was the firm’s broker of record in Mississippi.

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Morgan Stanley, Scion Acquire 2,000-Bed Student Housing Portfolio Near Ole Miss for $262M

John Nelson — Wed, 18 Jun 2025 14:27:27 +0000

OXFORD, MISS. — A joint venture between Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), and The Scion Group has acquired a 2,000-bed student housing portfolio located near the University of Mississippi (Ole Miss) campus in Oxford for $262 million. The portfolio is located within two miles of campus and includes 600 apartments, townhomes and cottages. The acquisition of College Town Oxford, a cottage-style community located on the west side of campus, closed earlier this month. The remaining acquisitions — which include a garden-style community located south of campus and four smaller properties in downtown Oxford — are expected to close in the third quarter. TSB Capital Advisors arranged financing for the acquisitions. The sellers were not disclosed.

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CrownPoint Partners Brokers $3.6M Sale of Kroger-Leased Store in Laurel, Mississippi

John Nelson — Tue, 03 Jun 2025 14:39:58 +0000

LAUREL, MISS. — CrownPoint Partners has brokered the $3.6 million sale of a 44,046-square-foot retail property in Laurel leased to Kroger, which has operated at that location for more than 40 years. The acquisition also includes a Kroger Fuel Center. The store is located on a 4.2-acre parcel at 2340 Highway 15 N, about 31 miles north of Hattiesburg, Miss. Julius Swolsky and Shannon Bona of CrownPoint Partners represented the buyer, a subsidiary of Cincinnati-based Essential Growth Properties, in the transaction. Marcus & Millichap represented the seller, San Francisco-based Pacific Bay Investments Inc. Niko Buntich of Trinity Capital Corp. originated acquisition financing for the buyer.

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TSB Realty Brokers Sale of 802-Bed Student Housing Community Near Mississippi State University

John Nelson — Mon, 02 Jun 2025 14:26:54 +0000

STARKVILLE, MISS. — TSB Realty has brokered the sale of HELiX Starkville, an 802-bed student housing community located near the Mississippi State University (MSU) campus in Starkville. Columbus Pacific sold the property to a joint venture between Pumphouse Residential Group and WeldenField for an undisclosed price. SPM, an affiliate of PRG and WeldenField, will provide comprehensive property and construction management services for the community. Delivered in 2016, HELiX Starkville offers fully furnished units in a mix of one-, two- and four-bedroom floorplans on the southeastern edge of the MSU campus. Amenities include a two-story fitness center, resort-style pool, clubhouse with billiards, study enclaves and community TVs, tanning, gaming and coffee lounges and an outdoor grilling area. The property was 95 percent occupied at the time of sale.

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MMCC Arranges $13.3M Refinancing for Emergency Hospital in Batesville, Mississippi

John Nelson — Wed, 21 May 2025 11:50:05 +0000

BATESVILLE, MISS. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $13.3 million loan for the refinancing of Progressive Health of Batesville, a rural emergency hospital located at 303 Medical Center Drive in Batesville, a city in northern Mississippi. The full-service hospital offers emergency medicine, surgery, women’s health, children’s health, intensive outpatient care, outpatient radiology, rehabilitation and wound care services. Steven Rock of MMCC’s Westchester, N.Y., office secured the financing with a national credit union service organization on behalf of the borrower, a national investment company that invests in credit tenant, double-net and triple-net lease properties. The five-year loan includes an 8.5 percent interest rate with a 30-year amortization period and a 75 percent loan-to-value ratio.

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Gulf Coast Housing, Midtown Partners to Open Affordable Housing Property in Jackson, Mississippi

John Nelson — Wed, 26 Mar 2025 14:42:26 +0000

JACKSON, MISS. — Gulf Coast Housing Partnership (GCHP) and local nonprofit organization Midtown Partners Inc. plan to open Noel Place, a 27-unit affordable housing community located at 144 Noel St. in Jackson. Set to officially open tomorrow in a ribbon-cutting ceremony with partners and local dignitaries, about 60 percent of Noel Place’s apartments will be reserved for special needs residents, including people with disabilities and senior citizens. Federal Home Loan Bank of Dallas and BankPlus awarded GCHP with a $499,000 grant to help fund construction of Noel Place. Other partners include Mississippi Home Corp. and Mississippi Regional Housing Authority No. VI.

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HPM Tops Out 412-Bed Residence Hall at Mississippi State University in Starkville

John Nelson — Thu, 20 Feb 2025 15:13:35 +0000

STARKVILLE, MISS. — HPM has topped out Azalea Hall, a new five-story residence hall on the campus of Mississippi State University in Starkville. Construction began on the 412-bed project in 2023 and is slated to deliver ahead of the 2025-2026 school year. Units at Azalea Hall will come in pod-style configurations with shared bathrooms and common areas. The building will also feature a living and learning community for students in the Luckyday Scholars Program that has a dedicated study area and classroom space, as well as a new dining hall with indoor and outdoor seating. Azalea Hall will also feature a storm shelter that can be used for meeting or classroom space as needed. HPM is serving as the construction manager and advisor to the University of Mississippi, which represents the first partnership between the two entities. Additional project partners include architect WBA Architecture, general contractor Roy Anderson Corp., mechanical engineer GSK Mechanical and electrical engineer The Power Source.

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JLL Brokers Sale of 589,000 SF Industrial Portfolio in Metro Memphis

John Nelson — Fri, 17 Jan 2025 16:36:03 +0000

SOUTHAVEN AND OLIVE BRANCH, MISS. — JLL Capital Markets has brokered the sale of two distribution centers totaling 589,598 square feet in the Mississippi suburbs of metro Memphis. The properties include Stateline Building K in Southaven and Crossroads Building L in Olive Branch. Tulsa-based real estate firm Sealy & Co. was the buyer. The sales price was not disclosed. Motivational Fulfillment & Logistics Services leases the 347,604-square-foot Stateline K facility, and American Music Supply occupies the 241,994-square-foot Crossroads L property. Both assets feature 32-foot clear heights, ESFR sprinkler systems, parking spaces and flexible layouts to accommodate single or multi-tenant uses. Matt Wirth, Britton Burdette, Dennis Mirtchell and Jim Freeman of JLL represented the seller, IDI Logistics LLC, in the transaction. Jack Wohrman of JLL handles leasing efforts for the property.

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