GARNER, N.C. — Johnson Brothers Mutual Distributing, a wine and beer distributor, has broken ground on a 625,000-square-foot industrial building in Garner, a southern suburb of Raleigh. Upon completion, the property will feature 40-foot clear heights with dock-high, drive-in doors and trailer parking. Johnson Brothers plans to relocate and occupy 420,000 square feet at the development in early 2026. Jim Allaire and Alexis Lambeth of Foundry Commercial will lease the remaining 205,000 square feet. LS3P designed the project, and Evans is the general contractor, with DCI serving as project manager.
LANDIS, N.C. — Jackson-Shaw has broken ground on Landis Ridge, a 1.3 million-square-foot industrial park in Landis, a northeast suburb of Charlotte in Rowan County. The Dallas-based developer plans to deliver the project, its first in the Charlotte area, in two separate phases. Phase I is slated for a second-quarter 2025 delivery and will comprise three buildings totaling nearly 600,000 square feet. Situated on nearly 150 acres at 619 Old Beatty Ford Road, the parcel is located midway between US Route 29 and the new exit 65 on I-85. Jackson-Shaw is developing Landis Ridge on a speculative basis with various uses in mind, including third-party logistics occupiers, e-commerce distribution, consumer goods, warehousing and manufacturing. Jay Hill, Spencer Yorke and Matthew Greer of JLL are leading leasing efforts. Compatriot Capital is Jackson-Shaw’s equity partner for Landis Ridge, and Hartford Investment Management Co. (HIMCO) provided construction debt financing. The design-build team includes general contractor Frampton Construction, civil engineer Orsborn Engineering Group and architect Merriman Schmitt Architects.
KNIGHTDALE AND DURHAM, N.C. — The Providence Group has arranged two leases in the metro Raleigh-Durham area with national retailers HomeGoods and Michaels. HomeGoods will occupy nearly 23,000 square feet at Knightdale Marketplace, a 325,000-square-foot, open-air shopping center in Knightdale. Michaels will occupy 16,200 square feet at Durham Festival, a 134,290-square-foot retail center in Durham. Melissa McDonald of The Providence Group represented the tenants in both lease transactions. Reagan Crabtree and Cristi Webb, also with The Providence Group, represented the landlords in both deals — Epic Real Estate Partners at Durham Festival and M&J Wilkow at Knightdale Marketplace.
NEWPORT BEACH, CALIF. — Newport Beach-based Graystone Capital Advisors has negotiated the $12 million sale of a portfolio of 7-Eleven properties located throughout North Carolina and Virginia. A Texas-based developer sold the portfolio, which comprises seven newly constructed locations. 7-Eleven occupies the properties on 15-year leases. Shannon Bona and Julius Swolsky of Graystone represented the 1031-exchange buyer in the transaction.
CHARLOTTE, N.C. — CP Group has executed nearly 70,000 square feet of lease deals this year at Harris Corners, a three-building office campus situated off I-77 on the north end of Charlotte. Five new tenants are joining the office campus, including Alight Solutions (4,011 square feet); Southern National Roofing (9,676 square feet); Fidelity National Title Insurance Co. (2,602 square feet); Adams Outdoor Advertising (4,490 square feet); and Well Care Home Health (3,744 square feet). The lease deals also comprise three renewals, which include Sunstate Security (2,373 square feet); Dewberry (13,917 square feet); and Quint Events (28,278 square feet). Jennifer Kurz and Tim Arnold of Trinity Partners represented CP Group in all eight lease transactions. The Florida-based landlord has owned Harris Corners since summer 2021.
CHARLOTTE, N.C. — Wegmans Food Markets Inc., a Rochester, N.Y.-based grocer, plans to open a 110,000-square-foot store in Charlotte. Located along North Community House Road, the grocery store will be situated within Ballantyne, Northwood Investors’ 2,000-acre master-planned development on the south side of Charlotte adjacent to the South Carolina border. Wegmans aims to open the new store by the third quarter of 2026. The store will feature all traditional Wegmans departments, including produce, seafood, meat, bakery, deli, cheese and wine and beer. Additional offerings will include Meals2Go and catering, online shopping capabilities, a floral shop, coffee and home goods. The store will also have a market café with indoor and outdoor seating for customers dining at one of Wegmans’ multiple food outlets. “We’ve received hundreds of requests from locals asking for a store in their area, and we’ve spent years looking for exactly the right location,” says Dan Aken, vice president of real estate and store planning at Wegmans. The new Wegmans will be located on the east side of Ballantyne and half a mile from Northwood’s The Bowl at Ballantyne mixed-use development, which is currently under construction. The project will feature a wide array of retail and restaurant tenants …
MOUNT AIRY, N.C. — Legacy Realty Group Advisors has brokered the sale of Independence Square, a 63,507-square-foot shopping center located in Mount Airy, a city on the North Carolina-Virginia border. The center was 97 percent leased at the time of sale to tenants such as Ollie’s Bargain Outlet, Dollar General and USPS. Jacob Baruch of Legacy Realty Group represented the seller in the transaction, and Kevin Henry of Pine Forest Oak Island Realty represented the buyer. Both parties requested anonymity, and the sales price was also not disclosed.
RALEIGH, N.C. — Highwoods Properties Inc. has sold Rexwoods, a medical office campus in west Raleigh spanning 380,000 square feet. The eight-building park is located across from University of North Carolina REX Hospital. Highwoods sold the campus to two separate buyers, one of which acquired seven buildings with plans to continue to operate them as clinics while the other buyer bought a building with plans to redevelop the asset. The buyers and sales price were not disclosed. The seven properties were built or acquired by Highwoods between 1982 and 1998, and three of them were recently renovated. Mindy Berman, Ryan Clutter, Daniel Flynn, Teddy Hobbs, Woody Flythe and Landon Weaver of JLL represented Highwoods and procured the buyers in the two transactions. Anthony Sardo and Ward Smith of JLL arranged acquisition financing for one of the buyers.
CHARLOTTE, N.C. — Locally based investment firm Asana Partners has signed a lease to occupy more than 23,000 square feet of office space at The Line, a 16-story office and retail tower located at 2151 Hawkins St. in Charlotte’s South End neighborhood. The lease brings The Line’s 290,000 square feet of office space to 70 percent leased, with other tenants including TTX, Northeastern University, Society Awards, Foundry Commercial, Leerink Partners, Experi and SignatureFD. Meredith Ball and Claiborne Dandridge of Foundry Commercial represented the landlord, a joint venture between CBRE Investment Management and Portman, in the lease negotiations. In addition to office tenants, The Line’s retail component houses Sycamore Brewing, Savi Provisions, Grit Box Fitness and Chapter 6 by Jon Dressler. The Line opened in 2022.
DURHAM, N.C. — Topgolf plans to open a new venue in south Durham on Friday, April 12. The new Topgolf will represent the third Topgolf in North Carolina, with the other two venues in the Charlotte area. In December, the company also announced a new Topgolf coming to nearby Greensboro, N.C. The Durham venue will be located off the Page Road exit on I-40 at 4901 Topgolf Way, a short drive from Research Triangle Park and about 12 miles from Duke University. The new Topgolf will feature 102 climate-controlled hitting bays across three levels, as well as a full-service restaurant, 28-foot video wall, more than 200 high-definition TVs, an outdoor patio, private event rooms and a rooftop terrace. Topgolf plans to employ roughly 500 staffers at the Durham venue, which will be the company’s 99th location globally and 89th in the United States.
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