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CBRE Signs Five New Retailers at Center Point Mixed-Use Development in Wilmington, North Carolina

Abby Cox — Fri, 22 May 2026 14:08:29 +0000

WILMINGTON, N.C. — CBRE has inked leases with five new retail tenants at Center Point, a mixed-use project under development in Wilmington. Totaling more than 13,000 square feet, the new leases will include Nest Interiors and Blended Shoes + Apparel — which will be merged into a shared space — as well as Burton’s Grill & Bar, Thompson’s of Wilmington and Jeff’s Bagel Run. These tenants mark the first retail commitments within Phase I of Center Point, which will feature approximately 33,000 square feet of retail space. A joint venture between Charleston-based The Beach Co. and locally based Swain & Associates is developing Center Point. Charlie Coyne and Matt Larson of CBRE represented ownership in the lease negotiations alongside internal leasing representative Sam Lathan of Swain & Associates. Upon completion, the mixed-use development will comprise more than 100,000 square feet of retail and restaurant space; The Sterling, a 265-unit residential complex; and office space. The property will be situated on more than 18 acres at the intersection of Eastwood and Military Cutoff roads near Mayfaire Town Center and Wrightsville Beach.

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High Street, Camden Advance Plans for 400-Unit Apartment Development in Durham

John Nelson — Thu, 21 May 2026 13:18:29 +0000

DURHAM, N.C. — High Street Residential (HSR) has formed a collaboration with Camden Property Trust to advance the development of a 400-unit apartment community along Hopson Road in Durham. HSR, a subsidiary of Trammell Crow Co., had previously guided the project through design, rezoning and site plan approvals before collaborating with Camden, which will now lead the development. Camden expects to break ground on the unnamed development later this summer.

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Finmarc Sells Capital Marketplace Retail Center in Raleigh for $80.6M

John Nelson — Tue, 19 May 2026 13:39:05 +0000

RALEIGH, N.C. — Finmarc Management Inc. has sold Capital Marketplace, a 383,000-square-foot power shopping center located on 53 acres along U.S. Route 1 in Raleigh. The Bethesda, Md.-based investment and management firm sold the property to Des Moines, Iowa-based Principal Financial Group for $80.6 million. Adam Russ, Erin Varol, Ryan Sciullo and Casey Smith of CBRE represented the seller in the transaction. Finmarc originally purchased the center, then known as Plantation Point Shopping Center, in late 2021. Built in 2006, Capital Marketplace’s tenant roster includes Bob’s Discount Furniture, BJ’s Wholesale Club, Burlington, Dollar Tree, LA Fitness and ParTee Shack.

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Colliers Brokers Sale of 483-Unit Apartment Community in Greensboro, North Carolina

John Nelson — Wed, 06 May 2026 14:22:10 +0000

GREENSBORO, N.C. — Colliers has brokered the sale of Edgewater Village, a 483-unit, garden-style apartment community located at 5500 Weslo Willow Circle in Greensboro. Will Mathews, Thomas Leachman, Chad DeFoor and Jake Bradshaw of Colliers brokered the transaction. Built in 1974, Edgewater Village sits on 45 acres and features five internal lakes. The property offers studio, one- and two-bedroom floor plans.

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Woodside Health Acquires 40,000 SF Medical Office Building in Chapel Hill, North Carolina

John Nelson — Wed, 06 May 2026 14:17:39 +0000

CHAPEL HILL, N.C. — Cleveland-based Woodside Health has acquired Meadowmont Crossing, a three-story, 40,000-square-foot medical office building located at 400 Meadowmont Village Circle in Chapel Hill. The seller was an affiliate of Curbline REIT doing business as CL MEADOWMONT VILLAGE NC LP. The sales price was not disclosed. Built in 2001, the property is situated off NC Highway 54 and is anchored by UNC Health, a state-owned health system that operates 16 hospitals and hundreds of clinics across North Carolina.

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Averitt to Build $200M Industrial Campus Near Charlotte Airport

John Nelson — Tue, 05 May 2026 14:30:31 +0000

CHARLOTTE, N.C. — Averitt, a transportation and supply chain management company based in Cookeville, Tenn., has announced plans to develop a regional logistics campus near Charlotte Douglas International Airport. Charlotte Business Journal reports that the freight company is investing $200 million for the 100-acre campus. The development will include two distribution centers totaling more than 500,000 square feet; a 75,000-square-foot cross-dock facility; a two-story regional office totaling 16,000 square feet; and parking for more than 400 trailers. The campus will also offer fleet maintenance, fueling and driver support facilities. The investment is expected to double Averitt’s Charlotte area workforce over the next four years and will replace its current 40,000-square-foot service center at 3708 Westinghouse Blvd. that houses 182 full-time associates. Construction on the new campus is expected to begin immediately and wrap up in 2028.

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JLL Arranges $100.5M in Construction Financing for Mixed-Income Multifamily Development in Charlotte

Abby Cox — Mon, 04 May 2026 13:38:02 +0000

CHARLOTTE, N.C. — JLL Capital Markets has arranged a $100.5 million senior construction loan and equity capital for Twelve03 at Centre South, a 329-unit mixed-income multifamily development in Charlotte. Taylor Allison, Alexis Kaiser and Ryan Mueller of JLL secured construction financing through TD Bank and the equity placement from RXR Realty Investments on behalf of the borrower/developer, The Fallon Co. Situated near The Pearl, Charlotte’s first medical Innovation District, Twelve03 is the first phase of Centre South, a 16.7-acre mixed-use development. Twelve03 will comprise 263 market-rate and 66 affordable units. Amenities will include a sky lounge, rooftop saltwater swimming pool, coworking spaces, pet spa and a fitness center. Upon completion of the overall mixed-use development, the project will include 405,000 square feet office space, 36,000 square feet of retail, a 180-room hotel, a 1.5-acre green space and up to 975 apartments, with 20 percent of the Centre South’s residential units reserved as affordable housing.

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JLL Arranges $16M Construction Loan for Charlotte Multifamily Project

Abby Cox — Fri, 01 May 2026 13:46:03 +0000

CHARLOTTE, N.C. — JLL Capital Markets has arranged a $16 million construction loan for Project J, an 84-unit apartment building in Charlotte’s South End neighborhood. Taylor Allison, Alexis Kaiser, Nick Thornton and Abby Reed of JLL secured the loan through Genesis Capital on behalf of the borrower, Panorama Holdings. Situated at 1722 S. Tryon St., Project J will span six floors and feature 30,457 square feet of rentable space, along with a mix of amenities such as a first-floor lounge, outdoor patio with a kitchen and grill, sixth-floor balcony patio, indoor bike storage on each floor and food locker services. The apartments at Project J are described as “micro units,” as they average 363 square feet in size.

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KeyBank Provides $46.2M Refinancing for Multifamily Portfolio in Fayetteville, North Carolina

John Nelson — Tue, 28 Apr 2026 13:15:24 +0000

FAYETTEVILLE, N.C. — KeyBank Real Estate Capital has provided a $46.2 million bridge loan for the refinancing of a three-property multifamily portfolio in Fayetteville, about 65 miles south of Raleigh. Pranav Sarda and Alan Isenstadt from KeyBank’s Income Property Group structured the financing on behalf of the borrower, Valor Residential Group, which acquired the portfolio in 2022. The 508-unit portfolio comprises Carlson Bay (214 units, built in 2000), Meadowbrook (186 units, built in 2001) and Stoney Ridge (108 units, built in 2001).

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Kane Realty Signs Couchbase to 20,000 SF Office Lease in Raleigh’s North Hills District

John Nelson — Tue, 28 Apr 2026 13:13:06 +0000

RALEIGH, N.C. — Kane Realty Corp. has signed Couchbase Inc. to a roughly 20,000-square-foot lease at The Offices at North Hills in Raleigh’s North Hills district. The San Jose-based AI data platform operator has six offices internationally and will use the Raleigh office as a “center for excellence.” Couchbase will occupy a full floor at 4350 Lassiter, a three-story building within The Offices at North Hills complex. Ben Litke and Kristine Smith of Cushman & Wakefield represented Couchbase in the lease negotiations. Hooker Manning and Alex Mikels represented Kane Realty internally.

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AbbVie to Invest $1.4B in New Pharmaceutical Manufacturing Facility in Durham, North Carolina

Hayden Spiess — Thu, 23 Apr 2026 11:01:00 +0000

DURHAM, N.C. — Biopharmaceutical company AbbVie (NYSE: ABBV) has announced plans for a new pharmaceutical manufacturing campus located in Durham, according to North Carolina Gov. Josh Stein. AbbVie will invest $1.4 billion in the project over four years, marking the company’s largest capital commitment for a single campus to date and its first investment in the Tarheel State. Last year, AbbVie unveiled plans for a $195 million expansion its manufacturing plan in its hometown of North Chicago. Both projects are part of AbbVie’s $100 billion commitment to grow its U.S. research-and-development and capital investments over the next decade. Upon completion, the Durham campus will total 185 acres and will include drug product manufacturing facilities, next-generation laboratories, a warehouse, administrative offices and employee wellness facilities. AbbVie plans to produce small volume parenteral (i.e. prefilled syringes and vials for injection or infusion) drug products at the facility. Construction of the Durham campus is scheduled to begin this year and be completed by the end of 2028. AbbVie expects the construction process to support 2,000 temporary jobs. Several state and local entities, including The North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, have collaborated with AbbVie on the project. AbbVie…

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Walker & Dunlop Arranges $105M Refinancing for Maeve Apartment Tower in Raleigh

John Nelson — Tue, 21 Apr 2026 14:10:18 +0000

RALEIGH, N.C. — Walker & Dunlop has arranged a $105 million loan for the refinancing of Maeve, a 20-story apartment tower located at 319 W. Lenior St. in Raleigh. Capital Square delivered the 297-unit high-rise last year. Alexandra Huffman, Justin Nelson and P.J. Feichtmeier of Walker & Dunlop arranged the floating-rate, interest-only bridge loan through TPG Real Estate Finance. Situated in Raleigh’s Warehouse district, Maeve offers studio, one-, two- and three-bedroom residences, as well as 10,000 square feet of retail space and amenities such as a resort-style pool and rooftop lounge.

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SMBC Group to Bring 2,000 Office Jobs to Charlotte for New Banking Hub

John Nelson — Tue, 14 Apr 2026 13:38:50 +0000

CHARLOTTE, N.C. — Sumitomo Mitsui Banking Corp. (SMBC Group), one of Japan’s largest financial institutions, has announced it is bringing approximately 2,000 new jobs to Charlotte. The Tokyo-based banking firm is investing $50.5 million over the next six years to establish its second North American headquarters, according to the office of North Carolina Gov. Josh Stein. The governor and North Carolina economic development officials met with SMBC leadership at a Tokyo conference in fall 2025 as part of the deal. Specific details of the new hub were not disclosed, but Charlotte Business Journal reports that SMBC Group will occupy more than 200,000 square feet of office space at 301 South College, a 42-story tower in the city’s Uptown district formerly known as One Wells Fargo Center. The outlet reports that SMBC will sublease space that Wells Fargo vacated in 2024.

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Redline, Landmark Industrial to Develop 137,388 SF Facility in East Charlotte

John Nelson — Thu, 09 Apr 2026 14:48:34 +0000

CHARLOTTE, N.C. — A partnership between Redline Property Partners and Landmark Industrial plans to develop a 137,388-square-foot industrial facility in Charlotte. The firms recently acquired a 13.2-acre infill site at 6407 Old Concord Road on the city’s east side, marking the second industrial land acquisition in the Charlotte area by the Redline and Landmark partnership in the past four months. The duo plans to deliver the facility, which will feature 32-foot clear heights, in early 2027. Henry Lobb, Nick Claudio and Colin Ferguson of Avison Young will lease the facility.

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Rockpoint Acquires Six-Building Industrial Portfolio in North Carolina

John Nelson — Wed, 01 Apr 2026 13:35:09 +0000

GARNER AND CHARLOTTE, N.C. — Boston-based Rockpoint has purchased a six-building industrial portfolio across two properties in North Carolina. The nearly 280,000-square-foot acquisition includes Garner Commerce Center in the south Raleigh suburb of Garner and I-77 Commerce Center in Charlotte. Both three-building parks were recently delivered. The seller and sales price were not disclosed. Rockpoint will manage and operate Garner Commerce Center and I-77 Commerce Center in partnership with affiliate firms Rockhill Management and Rockpoint Industrial.

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Sun Life to Acquire Bell Partners, Combine With BGO Following Buy-Out of Remaining Equity Stake

John Nelson — Tue, 31 Mar 2026 12:00:00 +0000

TORONTO, MIAMI AND GREENSBORO, N.C. — Sun Life Financial Inc. (NYSE: SLF), a Toronto-based financial services organization with $1.6 trillion in assets under management as of year-end 2025, has announced it will acquire Bell Partners, a multifamily investment and management firm based in Greensboro. The acquisition was valued at $350 million and is expected to grow Sun Life’s U.S. multifamily segment. Founded in 1976, Bell Partners has approximately $10 billion of assets under management as of March 1 and manages approximately 70,000 apartments in 12 regions across the United States. The firm operates nine U.S. offices and has close to 1,800 employees. Last year, Bell Partners closed more than $1.3 billion in multifamily acquisitions. “This opportunity will extend Bell’s operating and investment expertise across a larger residential platform and strengthen our depth and reach,” says Lili Dunn, CEO and president of Bell Partners. “It is a natural step in our evolution, preserving the essence of what has made us successful, while also opening new opportunities for the future.” In a separate transaction, Sun Life acquired the remaining 44 percent equity stake of Miami-based BGO, a global real estate investment management firm formerly known as BentallGreenOak, in a deal valued at…

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Equus Acquires Greylyn Business Park in Charlotte for $102M

Abby Cox — Mon, 30 Mar 2026 13:40:52 +0000

CHARLOTTE, N.C. — Equus Capital Partners has acquired Greylyn Business Park, a 19-building industrial park totaling 648,060 square feet in the Southeast Industrial submarket of Charlotte. The $102 million acquisition was completed on behalf of a value-add fund sponsored by Equus. The seller requested anonymity. Constructed between 1965 and 1998, Greylyn Business Park is currently 93 percent leased to 91 tenants. Amenities include 14- to 24-foot clear heights, a combination of dock-high and ground-level loading docks, 15 ramps and more than 1,500 parking spaces. Average suite sizes are approximately 6,550 square feet. Equus plans to implement various capital improvements at the property, such as funding deferred maintenance and modernizing building systems, curb appeal and functionality, as well as preparing vacant suites for new tenants. Equus will also reposition select suites to better align with current market preferences.

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Wood Partners, PGIM to Develop 357-Unit Apartment Community in Morrisville, North Carolina

John Nelson — Thu, 26 Mar 2026 13:36:27 +0000

MORRISVILLE, N.C. — Wood Partners and PGIM have closed on a land acquisition in Morrisville for the development of Alta Watkins, a 357-unit apartment community. Set to open in 2028, the property will be situated in the heart of the Research Triangle and adjacent to Wake Tech’s new community college campus. Sarah Godwin and Karl Hudson of Foundry Commercial represented the land seller in the transaction. Wood Partners plans to break ground soon on Alta Watkins, which will offer one-, two- and three-bedroom apartments, as well as onsite retail space, rentable offices, short-term stay units for guests, a resort-style pool, three outdoor courtyards, outdoor games, fitness center with a sauna and a podcast room. Alta Watkins is Wood Partners’ third development underway in the Raleigh-Durham area in the past 12 months.

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Edgewater Ventures Signs Two Industrial Tenants to Leases Totaling 305,818 SF in Leland, North Carolina

Abby Cox — Fri, 20 Mar 2026 13:22:05 +0000

LELAND, N.C. — Raleigh-based Edgewater Ventures has signed two tenants to new leases totaling 305,818 square feet at Edgewater Commerce Center, a 505,818-square-foot industrial facility in Leland. Global electronics repair and service provider Ivy Technology signed a 200,000-square-foot lease, while home inspection company Home Insights signed a 105,818-square-foot lease. The deals bring Edgewater Commerce Center to full occupancy. Edgewater Commerce Center features tilt-up concrete construction with 24-foot clear heights. The property is the largest multi-tenant industrial facility located within the Wilmington and Myrtle Beach markets, according to Edgewater Ventures. Jordan Holt of Cushman & Wakefield represented Ivy Technology in the lease negotiations. Will Leonard of Cape Fear Commercial and Al Williams of JLL represented the landlord.

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Singh Development Delivers 95-Unit Luxury Seniors Housing Community in North Raleigh

John Nelson — Thu, 19 Mar 2026 14:41:35 +0000

RALEIGH, N.C. — Michigan-based Singh Development has completed Waltonwood Lead Mine, a 95-unit luxury seniors housing community located at 4510 Lead Mine Road in north Raleigh. Cline designed the property, which features assisted living and memory care residences. The community has the capacity for up to 100 residents and will be operated under Singh’s Waltonwood Senior Living brand. Amenities include a movie theater with a popcorn bar, restaurant-style dining room, bistro and a coffee nook. The project team also included Choate Construction, Lighthouse Engineering and structural engineer Hauser and Creech.

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