North Carolina

BWE Arranges $37.8M in Acquisition Financing for Apartment Community in Metro Charlotte

by Abby Cox October 31, 2025

KANNAPOLIS, N.C. — BWE has arranged $37.8 million in acquisition financing for Graces Reserve, a 240-unit, garden-style apartment community located in Kannapolis, a suburb of Charlotte. Maxx Carney, Dan Rosenberg, Logan Petersmeyer and James Rogers of BWE originated the five-year loan through a life insurance company on behalf of Guardian Capital, a Chicago-based residential real estate owner and operator, and its partner, New York Life Real Estate Investors. In addition to acquiring the property, Guardian plans to execute a value-add strategy that will optimize the property’s performance. Built in 2021, Graces Reserve offers one-, two- and three-bedroom floorplans ranging in size from 785 to 1,060 square feet, according to Apartments.com. Amenities at the complex include a saltwater swimming pool, electric vehicle charging stations, parcel lockers, a package management system, fitness center and a pet park.

October 31, 2025

Acquisitions North Carolina Retail Southeast

First National Realty Purchases Food Lion-Anchored Shopping Center in Metro Charlotte

by John Nelson October 29, 2025

SALISBURY, N.C. — First National Realty Partners (FNRP) has purchased Salisbury Marketplace, a grocery-anchored shopping center located in the Charlotte suburb of Salisbury. A 31,762-square-foot Food Lion anchors the property, which also houses Citi Trends, Family Dollar and Cricket Wireless. The property offers 9,300 square feet of contiguous vacancy, according to FNRP. Tom Kolarczyk of JLL represented the undisclosed seller in the transaction. The sales price was also not disclosed.

October 29, 2025

California Florida Georgia Industrial Loans North Carolina Southeast Texas Top Stories Western

JLL Arranges $820M Refinancing for 6.1 MSF Industrial Portfolio Across Six Markets

by Kristin Harlow October 22, 2025

IRVINE, CALIF. — JLL Capital Markets has arranged an $820 million refinancing for a 6.1 million-square-foot industrial portfolio comprising 42 shallow-bay properties across six markets. JLL arranged the CMBS financing on behalf of the borrower, a joint venture between affiliates of CIP Real Estate LLC and Almanac Realty Investors. Wells Fargo led the floating-rate, single-asset single-borrower (SASB) refinancing, with J.P. Morgan and Goldman Sachs also originating portions of the loan. The properties span major industrial markets, including Atlanta, Dallas-Fort Worth, Charlotte, Tampa and California’s East Bay and Inland Empire. As of September, the portfolio was 91 percent leased to more than 950 tenants. The buildings feature average clear heights of 19 feet, an average office finish of 33 percent and range in size from 16,176 to 944,655 square feet. The average property size is 145,925 square feet. Many tenants are logistics, e-commerce and distribution users, including last-mile operators and small- to medium-sized businesses. CIP plans to continue its growth strategy in the shallow-bay industrial sector, where it sees opportunity to serve the evolving needs of logistics, e-commerce and distribution tenants, according to CEO Eric Smyth. JLL’s Kevin MacKenzie, Peter Thompson, Christopher Pratt, Kyle White, Anthony Scaglione and Nick Englhard led …

October 22, 2025

Development Multifamily North Carolina Southeast

Alliance Residential to Develop 270-Unit Broadstone RTP Apartments in Durham

by John Nelson October 20, 2025

DURHAM, N.C. — Arizona-based Alliance Residential Co. has acquired approximately 14 acres of land in Durham for Broadstone RTP, a 270-unit project about four miles north of Research Triangle Park. The site is located at 2610 S. Miami Blvd. The project’s Raleigh-based team includes McAdams Co. (civil engineering), Cline Design (architecture) and MAD Studio Interiors (interior design). Broadstone RTP will include one three-story residential building, three four-story residential buildings and a freestanding clubhouse. Units will feature granite countertops, stainless steel appliances, wood-style flooring, walk-in closets and full-sized washers and dryers. Amenities include a clubhouse with a leasing center, private offices for residents, a 24-hour fitness center and a mailroom equipped with secure package lockers. Residents will also have access to a resort-style pool, an outdoor kitchen and grilling area and a dog park. Completion is slated for late 2026.

October 20, 2025

Acquisitions Multifamily North Carolina Seniors Housing Southeast

Principal Asset Management Acquires Two Active Adult Communities in Raleigh-Durham Totaling 373 Units

by John Nelson October 20, 2025

MORRISVILLE AND CHAPEL HILL, N.C. — Principal Asset Management has acquired two active adult communities in the Raleigh-Durham region totaling 373 units. The properties include Overture Cary, located at 1055 Hatches Pond Lane in Morrisville, and Overture Chapel Hill, situated near the Highway 54 and I-40 interchange and the University of North Carolina at Chapel Hill. The communities were developed in 2021 and 2020, respectively, and stand at five stories. The seller and sales price were not released.

October 20, 2025

Loans North Carolina Seniors Housing Southeast

JLL Arranges Refinancing for 200-Unit Active Adult Community in Charlotte, North Carolina

by Abby Cox October 17, 2025

CHARLOTTE, N.C. — JLL Capital Markets has arranged refinancing for Connery on Providence, a newly constructed, 200-unit active adult community located in Charlotte. Travis Anderson, Brad Woolard, Ryan Mueller and Timothy Hosmer of JLL represented the borrower, Proffitt Dixon Partners, in securing the loan through New York Life Insurance Co. The loan size was not disclosed. Completed in 2023 on nearly 13 acres, Connery on Providence features one- and two-bedroom residences across four three-story buildings. Amenities at the property include a saltwater pool, wellness and fitness center, pickleball courts, spa facilities and concierge services. The community also offers a movie lounge, an overnight guest suite, a demonstration kitchen and dog spa.

October 17, 2025

Acquisitions Arkansas Florida Georgia Industrial North Carolina Self-Storage South Carolina Southeast Virginia

Harrison Street, Morningstar Properties Acquire 21-Property Self-Storage Portfolio

by Abby Cox October 13, 2025

CHICAGO AND MATTHEWS, N.C. — A joint venture between Chicago-based Harrison Street Asset Management and Matthews-based Morningstar Properties has acquired a portfolio of 21 self-storage properties totaling morning than 10,800 units. The properties are located in Texas, North Carolina, South Carolina, Florida, Georgia, Virginia and Arkansas, with 71 percent of the assets situated in top 30 U.S. metropolitan areas such as Houston, Austin, Charlotte and Atlanta. The portfolio was 90 percent leased at the time of sale and spans more than 1.3 million rentable square feet. Morningstar will continue operating and managing the portfolio. The seller was not disclosed. Harrison Street and Morningstar previously completed 41 self-storage investments across five Sun Belt states.

October 13, 2025

Development Multifamily & Affordable Housing Feature Archive North Carolina Southeast

ZOM, AEW Capital Deliver 248-Unit Apartment Community in Durham

by Abby Cox October 10, 2025

DURHAM, N.C. — ZOM Living, in partnership with AEW Capital Management, has delivered Maizon Durham, a 248-unit luxury apartment community located at 500 E. Main St. near the historic American Tobacco Campus in Durham. The project team included architecture firm Hord Coplan Macht and interior designer One Line Design. Maizon Durham offers one-, two- and three-bedroom floorplans ranging in size from 558 to 1,450 square feet. Amenities include a swimming pool with a sundeck and lounge seating and a fitness center with a dedicated recovery room and spin studio. Additional community spaces include a pet spa, coworking areas, conference rooms, private offices, quiet zones, a resident café and a 24-hour marketplace, as well as 13,000 square feet of street-level retail space.

October 10, 2025

Leasing Activity North Carolina Office Southeast

CoCoTiv Coworking Signs 25,244 SF Office Lease at Whitehall Corporate Center in Charlotte

by Abby Cox October 10, 2025

CHARLOTTE, N.C. — CoCoTiv Coworking, a French-American cooperative workspace provider, has signed a 25,244-square-foot lease at Whitehall Corporate Center IV in Charlotte. Christianna Williams and Zach McLaren of Cresa represented CoCoTiv in the lease negotiations. This lease marks CoCoTiv’s second location in the Charlotte market. Built in 2007, Whitehall Corporate Center IV, a 210,000-square-foot office building owned by American Asset Corp., is situated within the 700-acre master-planned community of Whitehall. Whitehall Corporate Center features six office buildings, along with a technology park, corporate center, retail district, various residential communities and a nature preserve.

October 10, 2025

Leasing Activity Life Sciences North Carolina Southeast

Asensus Surgical Signs 63,000 SF Life Sciences Lease at The Stitch in Research Triangle Area

by John Nelson October 9, 2025

MORRISVILLE, N.C. — Asensus Surgical, a leader in digital surgery and minimally invasive surgical systems, has signed a 63,000-square-foot lease at The Stitch, a life sciences and research-and-development (R&D) property in Morrisville. Located in North Carolina’s Research Triangle region, the 248,456-square-foot facility is an adaptive reuse of a former outlet mall. The Stitch is located at 1001 Airport Blvd., approximately one mile from Raleigh-Durham International Airport. Eric Forshee, John MacDonell and Ashley Ingram of JLL represented the landlord, Related Fund Management, in the lease transaction. Ryan Lawrence and Joe Judge, also with JLL, represented Asensus Surgical. The deal represents the largest R&D life science lease in the Triangle since 2022, according to JLL.

October 9, 2025

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