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Accesso Signs Piedmont Health Services to 24,000 SF Office Lease in Durham

John Nelson — Thu, 03 Sep 2026 13:22:20 +0000

DURHAM, N.C. — Accesso has signed a 24,000-square-foot lease with Piedmont Health Services, a North Carolina-based nonprofit healthcare system, in Durham. The tenant will occupy two spaces within two different buildings at Meridian Business Park, a 10-building office park. The lease term for both suites is nearly 11 years and will establish the organization’s long-term administrative headquarters, as well as flex space to warehouse equipment for Piedmont Health’s clinics and facilities across 14 North Carolina counties. Issac Brown and Doug Brock of Newmark represented Piedmont Health in the lease negotiations, and Brad Corsmeier and Brian Carr of CBRE represented Accesso. The owner also recently secured a loan modification for its mortgage at Meridian Business Park, which includes capital reserves to fund property improvements, renovations and spec suite development.

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Ram Realty Delivers 310-Unit Apartment Community in Durham

John Nelson — Wed, 02 Sep 2026 12:21:47 +0000

DURHAM, N.C. — Ram Realty Advisors has delivered Wye Junction, a 310-unit apartment community located at 701 Washington St. in Durham. Designed by Cline, the 5.2-acre multifamily project is an adaptive reuse of the former Erwin Oil site that dates back to 1937. The North Carolina-based architectural firm included elements of the former oil distribution facility into the design, including repurposed oil tankers and train trestles. Wye Junction features more than 7,000 square feet of retail space, a pedestrian plaza and rooftop amenities. Apartments come in one-, two- and three-bedroom layouts, and monthly rental rates range from $1,625 to $4,650, according to Apartments.com. The design-build team included general contractor Thomas Construction Group.

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JLL Arranges Sale of 10.5 MSF Southeast Industrial Portfolio for EQT Real Estate

John Nelson — Tue, 01 Sep 2026 14:22:51 +0000

CHICAGO — JLL has arranged the sale of a 10.5 million-square-foot industrial portfolio in the Southeast. EQT Real Estate is selling the 46-building portfolio to an affiliate of California-based LBA Realty for an undisclosed price. John Huguenard, Trent Agnew, Will McCormack and Tara Hagerty of JLL represented the seller in the transaction. Additionally, Kevin MacKenzie, Peter Thompson, Steven Klein and Chris Pratt of JLL arranged an undisclosed amount of acquisition financing through two national banks for the buyer. The sold portfolio features properties in 10 separate markets, including Charlotte and Greensboro, N.C.; Greenville-Spartanburg, S.C.; Atlanta and Savannah, Ga.; Tampa, Orlando and Jacksonville, Fla.; and Birmingham and Huntsville, Ala. The logistics facilities in the portfolio average 230,000 square feet in size, according to JLL.

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Beacon Partners Breaks Ground on 1.5 MSF Manufacturing, Logistics Park in West Charlotte

Abby Cox — Mon, 31 Aug 2026 13:17:52 +0000

CHARLOTTE, N.C. — Beacon Partners has broken ground on Rapid Commerce Park, a planned 1.5 million-square-foot manufacturing and logistics park located in west Charlotte. The initial phase will include three buildings at the intersection of Rhyne and Mount Holly roads. The buildings will be 70,825 square feet, 74,722 square feet and 264,490 square feet. Completion is slated for the fourth quarter of 2027. The project team includes general contractors Edifice Construction and Choate Construction, civil engineer Orsborn Design Group and architect WGM Design.

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JLL Arranges Sale of 252-Unit Multifamily Community in Raleigh

Abby Cox — Fri, 28 Aug 2026 13:52:03 +0000

RALEIGH, N.C. — JLL Capital Markets has arranged the sale of Milo, a 252-unit apartment community located at 821 Hanbury Way in Raleigh. John Mikels, John Gavigan, Chase Monroe, William Martin and McCullough Campbell of JLL represented the seller, Charleston-based Greystar, in the transaction. The buyer was an entity doing business as Milo Apartments LLC. The sales price was not disclosed. Completed in 2024, Milo comprises eight three-story residential buildings housing a mix of one-, two- and three-bedroom floorplans. Amenities at the garden-style complex include a swimming pool and sundeck, poolside cabanas, yoga lawn, coworking hub, fitness center, cardio and cycle studio, outdoor grill/kitchen, dog park, community garden, resident lounge and a clubhouse.

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Merritt Properties Breaks Ground on 150-Acre Industrial Park Near Raleigh-Durham Airport

John Nelson — Thu, 27 Aug 2026 14:48:18 +0000

MORRISVILLE, N.C. — Merritt Properties has broken ground on the first phase of RDU Business Park, a 150-acre light industrial development located at 2040-2060 Seagirt Ave. in Morrisville, about three miles from Raleigh-Durham International Airport. The project will be situated in the jurisdiction of the city of Cary, N.C. Phase I, which is set for completion in late 2027, will span 31 acres and comprise three single-story buildings totaling 201,250 square feet. All three buildings will include 18- or 24-foot clear heights, rear-loading docks, drive-in capabilities, 30- and 40-foot column spacing and surface parking. Two buildings will share a 150-foot truck court, while the third will feature a dedicated 110-foot truck court. At full build-out, RDU Business Park will comprise 13 single-story buildings spanning 790,527 square feet. Merritt Properties is handling the leasing assignment at the park internally.

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WhiteFiber Agrees to Buy Two Industrial Facilities in North Carolina, Plans Data Center Conversions

John Nelson — Wed, 19 Aug 2026 13:42:32 +0000

YADKIN COUNTY, N.C. — WhiteFiber Inc., a data center owner-operator and cloud solutions provider, has agreed to acquire two industrial facilities in Yadkin County, situated near Winston-Salem at the foothills of the Blue Ridge Mountains. WhiteFiber is acquiring the properties via its wholly owned subsidiary Enovum Data Centers Corp. with plans to retrofit both properties into data centers. The agreed purchase price was $60 million for both sites. The two facilities, which will be renamed NC-2 and NC-3, sit approximately 55 miles from NC-1, WhiteFiber’s existing data center campus in Madison, N.C. NC-2 and NC-3 are expected to provide a combined minimum of 60 megawatts (MW) of initial gross utility capacity with the potential to support up to 200 MW of combined utility capacity over time. WhiteFiber expects to close the transaction in the fourth quarter and bring the properties on line in third-quarter 2027.

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Genentech Tops Out $2B Manufacturing Facility in Holly Springs, North Carolina

Kristin Harlow — Wed, 19 Aug 2026 12:00:00 +0000

HOLLY SPRINGS, N.C. — Genentech, a biotechnology company and member of the Roche Group, has topped out its new $2 billion manufacturing facility in Holly Springs, about 20 miles southwest of Raleigh. The construction milestone marks the completion of the building’s structural framework. The project is Genentech’s first East Coast manufacturing facility. The development was initially announced in May 2025, followed by the groundbreaking in August 2025 and an expansion announcement in January 2026. Once operational, the facility will produce next-generation treatments for metabolic conditions such as obesity. Its operations will incorporate advanced biomanufacturing, automation, robotics and the latest digital manufacturing technologies. The investment in technology includes an advanced digital twin — an artificial intelligence-powered virtual model of the manufacturing facility designed to simulate operations and test scenarios before real-world implementation. The facility is expected to support more than 2,000 jobs, including 500 manufacturing roles and 1,500 construction jobs. Genentech is also partnering with local academic institutions to prepare future members of the workforce for manufacturing careers. The project is part of Switzerland-based Roche and Genentech’s broader $50 billion commitment to research and development (R&D) and manufacturing infrastructure in the United States. Roche and Genentech’s current U.S. footprint includes 13…

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Prysmian to Invest $1B for Expansion of Cable Manufacturing Facility in Metro Charlotte

John Nelson — Thu, 13 Aug 2026 14:18:41 +0000

CLAREMONT, N.C. — Prysmian North America plans to invest $1 billion to expand its cable manufacturing plant in Claremont, a northern Charlotte suburb in Catawba County. The investment will expand the company’s fiber optic and glass cable manufacturing operations and create 385 jobs. The expansion will grow Prysmian’s physical footprint at the Claremont facility by 975,000 square feet. The office of North Carolina Gov. Josh Stein has announced that a performance-based grant of $1 million from the One North Carolina Fund will be awarded to Prysmian Cables and Systems USA LLC to help the company expand in North Carolina. Civic and utility partners involved in this project include North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, the North Carolina General Assembly, the North Carolina Community College System, Catawba Valley Community College, Duke Energy, Piedmont Natural Gas, Catawba County, the City of Claremont and the Catawba County Economic Development Corp. Prysmian North America is the U.S. arm of Milan, Italy-based Prysmian and has its regional headquarters in Highland Heights, Ky. Prysmian was founded in 1879 and operates more than 100 plants worldwide, including 50 locations in North America employing 9,000 associates.

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JLL Brokers Sale of 273,105 SF Shopping Center in Raleigh

John Nelson — Wed, 12 Aug 2026 13:31:23 +0000

RALEIGH, N.C. — JLL has brokered the $36 million sale of Townridge Shopping Center, a 273,105-square-foot shopping center in Raleigh. Tom Kolarczyk, Michael Nieder and Brian Page of JLL represented the seller, Zeisler-Morgan Properties, in the transaction. Travis Anderson and Ward Smith, also with JLL, secured $26.5 million in acquisition financing for the buyer, Armstrong Capital Development (ACD). Walmart and Planet Fitness anchor the center, which was 96 percent leased at the time of sale. Other tenants include Chipotle Mexican Grill, Advance Auto Parts, Cato, AT&T, Burger King, Edible Arrangements and Papa Johns Pizza, according to LoopNet Inc. The property features five buildings at Townridge Shopping Center and a single building at the adjacent Village at Townridge that function together as a unified commercial site.

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Hines, Harris Land to Develop Mixed-Use Campus in Charlotte’s SouthPark District

John Nelson — Tue, 11 Aug 2026 13:05:20 +0000

CHARLOTTE, N.C. — A joint venture between Houston-based Hines and locally based Harris Land Co. plans to develop The Gallery SouthPark, a mixed-use campus located along Carnegie Boulevard in Charlotte’s SouthPark district. The mixed-use property will comprise a 250,000-square-foot, Class A office building; 19-story, 302-unit residential building; shops and restaurants on the ground level of the two buildings; and an activated plaza displaying public art. The co-developers have tapped John Ball, Karah Tanneberger and Claiborne Mulhern of JLL to lead the office leasing efforts at The Gallery SouthPark. The project represents the first planned ground-up development in the Charlotte market for Hines.

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Charlotte Multifamily: The Demand Story Is Finally Being Reflected in Rent Growth

John Nelson — Mon, 10 Aug 2026 11:57:00 +0000

If you’ve been watching the Charlotte multifamily market for the past 24 months, you’ve probably felt a little whiplash. We delivered a historic wave of new supply, somewhere north of 32,500 units across 2024 and 2025 combined, and a lot of the headlines focused on the same thing: concessions, occupancy pressure and softening rents. Fair. That was the reality on the ground for most operators. But if you look closely at what’s happening right now, a different story is starting to take shape, and it’s one we think may not be getting enough attention. The trend our team is watching most closely heading deeper into 2026: absorption is holding up remarkably well against an elevated supply picture. In fact, we’re starting to see positive rent growth re-emerge on select deals, particularly in well-located submarkets where the construction pipeline has tapered. While this isn’t a market-wide victory lap yet, the green shoots are real, and they’re showing up exactly where you’d expect them to. The data is telling us that Charlotte multifamily rents rose modestly in the first quarter of 2026 as construction starts slowed, with completion totals in 2026 expected to trail levels recorded in 2025 by 26 percent. That’s…

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Tishman Speyer Acquires Berkshire Dilworth Apartments in Charlotte for $76.3M

John Nelson — Wed, 05 Aug 2026 14:44:29 +0000

CHARLOTTE, N.C. — New York-based Tishman Speyer has purchased Berkshire Dilworth, a 296-unit apartment community located at 1351 E. Morehead St. in Charlotte. Berkshire Residential sold the property to Tishman Speyer’s TS Plus fund for $76.3 million, according to the Charlotte Business Journal. The community is Tishman Speyer’s first acquisition in the Charlotte area and its second in North Carolina this year following the company’s purchase of The Maggie in Raleigh in January. Built in 2016, Berkshire Dilworth features studio, one- and two-bedroom apartments, as well as ground-level retail space, a fitness center, outdoor pool, rooftop lounge, yoga room and private pet spa. The property was 97 percent occupied at the time of sale.

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Partnership to Develop 382-Unit Luxury Apartment Tower in Charlotte

Kristin Harlow — Wed, 05 Aug 2026 12:00:00 +0000

CHARLOTTE, N.C. — A partnership between GMH Communities, AEW Capital Management and Wexford Science & Technology LLC has acquired land within The Pearl innovation district in Charlotte. The partners plan to develop ANOVA The Pearl, a 20-story, 382-unit luxury apartment tower. Completion is slated for summer 2028. ANOVA The Pearl will encompass 1.3 acres and feature luxury residential accommodations alongside 6,621 square feet of ground-floor retail space. Of the 382 units, 5 percent will be reserved for affordable housing. Amenities will include a fitness center, clubhouse, golf simulator, sauna and cryotherapy chambers. The developers say the project is designed to meet the growing demand for high-quality housing for professionals working in the life sciences, healthcare and technology industries. The Pearl innovation district, developed through a public-private partnership led by Atrium Health and Wexford Science & Technology, is anchored by Wake Forest University School of Medicine Charlotte, the city’s first four-year medical school. “We are attracted to locations that we believe benefit from strong institutional anchors and create opportunities for residents to live near major centers of employment and innovation. ANOVA The Pearl reflects these characteristics and represents a residential development within a unique and evolving district in Charlotte,” says Sara…

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Regions Originates $64.3M Agency Refinancing for Apartment Community in Monroe, North Carolina

John Nelson — Tue, 04 Aug 2026 14:33:44 +0000

MONROE, N.C. — Regions Real Estate Capital Markets has originated a $64.3 million Freddie Mac loan for the refinancing of Elevate Rocky River, a 360-unit apartment community in Monroe, about 28 miles southeast of Charlotte. Andrew Buckley was Region’s loan originator on behalf of the borrower, Greensboro, N.C.-based Signature Properties Group. The fixed-rate loan has a 10-year term, 35-year amortization schedule and a six-year period of interest-only payments. Built in 2024, Elevate Rocky River comprises one- and two-bedroom units, as well as a pool, fitness center and a clubhouse with a lounge and business center.

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Marcus, Wood Partners to Develop 280-Unit Apartment Community in Apex, North Carolina

John Nelson — Mon, 03 Aug 2026 14:13:29 +0000

APEX, N.C. — Boston-based Marcus Partners has purchased a site off Jenks Road in Apex for the development of Alta Apex, a 280-unit apartment community. The project represents the first development in the Raleigh-Durham market for Marcus Partners, which is spearheading the construction from its Atlanta office along with Wood Partners. The co-developers will begin sitework and construction this month and aim for delivery in fourth-quarter 2027. Upon completion, Alta Apex will include a mix of walk-up and elevator-served buildings housing one-, two- and three-bedroom apartments. Amenities will include a resort-style pool, indoor and outdoor fitness areas, clubroom with coworking space, dog park and a pet spa.

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Marcus & Millichap Brokers $3.3M Sale of Retail Center in Metro Charlotte

John Nelson — Mon, 03 Aug 2026 14:06:03 +0000

INDIAN TRAIL, N.C. — Marcus & Millichap has brokered the $3.3 million sale of Village Shoppes, an unanchored retail strip center located at 323 Unionville Indian Trail Road in Indian Trail, about 16 miles southeast of Charlotte. A fund-based private equity group purchased the 12,075-square-foot property form a partnership based on the West Coast. Both parties requested anonymity. Harrison Creason, Andrew Margulies and Kyle Carpentier of Marcus & Millichap represented the seller in the transaction. Situated on a 2-acre lot near a Walmart Supercenter, Village Shoppes was fully leased at the time of sale to Little Caesars, a dentist practice, pet store and salon and a performing arts studio.

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Charlotte’s Industrial Market Enters a New Era of Disciplined Growth

John Nelson — Mon, 03 Aug 2026 11:45:00 +0000

After several years of unprecedented industrial expansion, the Charlotte market is entering a more disciplined phase of growth, and that may ultimately prove healthier for the region long term. While headlines continue to focus on elevated vacancy rates, the underlying fundamentals of the market remain sound, particularly for modern, Class A product and strategically located logistics corridors. Charlotte absorbed nearly 60 million square feet of industrial deliveries since 2020, fundamentally reshaping the region’s supply chain infrastructure and elevating the market into one of the Southeast’s premier logistics hubs. Today, the conversation is no longer centered around whether Charlotte can attract industrial users, it is about how the market recalibrates after an aggressive development cycle. That recalibration is already underway. Construction starts have slowed considerably, with the development pipeline contracting to approximately 4.8 million square feet in first-quarter 2026, down significantly from the previous 10-quarter average of 8.7 million square feet. At the same time, leasing activity has remained healthy, totaling approximately 2.2 million square feet during the first quarter. Vacancy appears to be flattening as leasing volume continues to outpace new deliveries. One of the clearest trends shaping the market is the continued “flight to quality” among occupiers. Large users…

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Woodfield Development Breaks Ground on $100M Apartment Community in Cary, North Carolina

Abby Cox — Mon, 27 Jul 2026 13:48:09 +0000

CARY, N.C. — Woodfield Development has broken ground on a 330-unit apartment community located across from the Tryon Village shopping center at 2818 Macedonia Road in Cary, a suburb of Raleigh. Eagle Realty Group is serving as equity partner and capital provider for the $100 million project. The unnamed, five-story residential complex will feature studios, one-, two- and three-bedroom apartments in a five-story building that will wrap around a parking deck. The complex will feature more than 13,500 square feet of interior amenity space that will include a leasing office with a conference room and outdoor patio; coworking center with private business stations and conference rooms; coffee and gaming lounge with a coffee bar, grab-and-go market and golf simulator; resident clubhouse with a full kitchen, game area, maker’s room and library; two-story fitness center with a dedicated group fitness studio; dog spa; and a sky lounge with indoor/outdoor entertaining space overlooking the city. Outdoor amenities, which will span more than 40,000 square feet across three landscaped courtyards, will include a resort-style swimming pool with cabanas; grilling stations; gathering areas; fire pits; artificial turf recreation spaces; an outdoor fitness area, sauna and cold plunge; as well as a dog park with…

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The Institutionalization of Charlotte’s Retail Sector

John Nelson — Mon, 27 Jul 2026 11:45:00 +0000

Years of nation-leading population growth, a robust job market and rising household incomes have propelled Charlotte retail onto the national stage as a major target for institutional and private investors alike. The market is now operating at a premium, with average asking rents surpassing the national average for the first time on record in late 2025 after rising more than 30 percent over the past five years, according to data from CoStar Group Inc. That milestone says a lot about how far the market has come, but it also points to where it is headed.The next phase of Charlotte retail will not be defined by growth alone. It will be defined by having the right tenant in the right format serving the right trade area. The strongest corridors continue to command attention from retailers and investors alike, while rising occupancy costs are forcing every deal to stand on stronger fundamentals. For owners, tenants and capital sources, that dynamic makes Charlotte one of the Southeast’s most compelling retail markets, but also one of its most nuanced. The new retail map Charlotte gained 20,731 residents between 2024 and 2025, ranking among the fastest-growing major cities in the country, according to the U.S.…

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