North Carolina

Cushman & Wakefield | Thalhimer Brokers $7.3M Sale of Satterfield Landing Shopping Center in Outer Banks

by John Nelson May 5, 2025

NAGS HEAD, N.C. — Cushman & Wakefield | Thalhimer’s Capital Markets Group has brokered the $7.3 million sale of Satterfield Landing Shopping Center, a 49,897-square-foot shopping center located in North Carolina’s Outer Banks region. Situated at South Croatan Highway at West Satterfield Landing Road in Nags Head, the center sits on 6.2 acres and is fully leased to T.J. Maxx, Staples and OBX Martial Arts. Clark Simpson and Erik Conradi of Thalhimer’s Virginia Beach office represented the seller, an entity doing business as Satterfield Landing LLC, in the transaction. The Overland Group was the buyer.

May 5, 2025

Development Multifamily North Carolina Southeast

NRP Group Breaks Ground on 377-Unit Apartment Community in Matthews, North Carolina

by John Nelson May 1, 2025

MATTHEWS, N.C. — The NRP Group has broken ground on a new 377-unit apartment community located at 11330 Brigman Road in Matthews, a southeast suburb of Charlotte. Situated along I-485 adjacent to the Mecklenburg County Sportsplex, the 15-acre development will feature residential buildings housing one-, two- and three-bedroom apartments, as well as a swimming pool, dog park, fitness center, business center with coworking space and a retail café. The unnamed property will also include 18,900 square feet of commercial space and about 28 apartments reserved for households earning 80 percent of the area median income (AMI). The NRP Group expects to deliver the community in November 2026.

May 1, 2025

Leasing Activity North Carolina Restaurant Retail Southeast

CBL Signs Six New Restaurants and Retailers at Friendly Center in Greensboro, North Carolina

by John Nelson April 29, 2025

GREENSBORO, N.C. — CBL Properties has announced that four new restaurants and two new retailers will be joining the tenant lineup at Friendly Center, the company’s 1.3 million-square-foot regional retail center located in Greensboro. All four restaurants — Cooper’s Hawk, First Watch, North Italia and French artisan bakery Tous les Jours — as well as LEGO, plan to open by the end of the year, while Rowan anticipates opening this summer. Current tenants at Friendly Center — which comprises more than 140 shops, restaurants and service retailers — include Anthropologie, Pottery Barn, lululemon, Warby Parker, Carhartt, Apple, Williams Sonoma, American Eagle and J. Crew Factory. Last summer, CBL Properties and Davis Moore Capital opened a more than 20,000-square-foot medical office building within the former Macaroni Grill at Friendly Center called Atrium Health Wake Forest Baptist Medical Plaza.

April 29, 2025

Acquisitions Loans Multifamily North Carolina Southeast

Berkadia Provides $18.4M Acquisition Loan for Multifamily Community in Hickory, North Carolina

by John Nelson April 28, 2025

HICKORY, N.C. — Berkadia has provided an $18.4 million bridge loan for the acquisition of Hawks Landing, a 144-unit, garden-style multifamily community located in Hickory. Brian Gould, Miles Drinkwalter and Pat Cunningham of Berkadia’s D.C. Metro team secured financing through Berkadia’s Proprietary Lending Group (PLG) on behalf of the buyers, Maryland-based Klein Enterprises and RM Communities. Constructed in 2018, Hawks Landing is situated at 2778 2nd East St. near Frye Regional Medical Center. The multifamily community offers one-, two- and three-bedroom floorplans ranging in size from 746 square feet to 1,173 square feet, according to Apartments.com. Amenities at the property include a swimming pool, poolside sun deck with ample seating, outdoor grilling area, fully equipped fitness center, fenced pet park, clubhouse and a business center.

April 28, 2025

Development Multifamily North Carolina Southeast

Capital Square Opens 20-Story Maeve Apartment Tower in Raleigh

by John Nelson April 24, 2025

RALEIGH, N.C. — Capital Square has opened Maeve, a 20-story multifamily tower located at 319 W. Lenoir St. in Raleigh’s Warehouse District. The high-rise includes 297 apartments and approximately 10,000 square feet of street-level retail space. Maeve offers studio, one-, two- and three-bedroom apartments, as well as a double-height lobby and 30,000 square feet of amenities, including a resort-style pool and rooftop lounge. Monthly rental rates range from $1,695 to $7,515, according to Apartments.com. Project partners for the tower included architect JDAVIS Architects, general contractor W.M. Jordan Co., landscape designer EDSA, equity partner FrontRange Capital Partners and construction lender First National Bank of Pennsylvania. Greystar is managing Maeve, and York Properties is overseeing the tower’s retail leasing assignment.

April 24, 2025

Development Leasing Activity North Carolina Office Restaurant Retail Southeast

Parkside, MDH Add Tenants at Oakhurst Commons Redevelopment Project in East Charlotte

by John Nelson April 23, 2025

CHARLOTTE, N.C. — Co-owners Parkside Partners and MDH Partners have opened or signed a new round of office and retail tenants at Oakhurst Commons, a 10-acre mixed-use redevelopment underway in Charlotte’s Oakhurst neighborhood on the city’s east side. Thrift Commercial Real Estate Services is leading the leasing assignment for both the office and retail components at Oakhurst Commons. The new concepts joining include Brunches (opening in August), The Health Club (open), Ilios Crafted Greek (open), DreamMaker Bath & Kitchen (no opening date announced), Wildlands Engineering (no opening date announced), Switchyards (open), Made2Move (open) and Moodhouse (open).

April 23, 2025

Acquisitions North Carolina Retail Southeast

Lamar, Real Capital Solutions Acquire 456,742 SF Open-Air Retail Center in Burlington, North Carolina

by John Nelson April 22, 2025

BURLINGTON, N.C. — Lamar Cos., in partnership with Real Capital Solutions, has acquired Alamance Crossing, a 456,742-square-foot open-air retail center located in Burlington, about 22 miles east of Greensboro, N.C. Hobby Lobby, Carousel Cinemas, Barnes & Noble and Belk anchor the center. Additional retailers include Buffalo Wild Wings, Tropical Smoothie Café, Anytime Fitness, Bath & Body Works, Kay Jewelers and DentalWorks, among others. Tom Dobrowski of Newmark represented the seller in the transaction. Triad Business Journal reported that previous owner CBL Properties defaulted on the property’s $50 million loan and that Spinoso Real Estate Group was court-ordered to take over management of Alamance Crossing, as well as bring it to market. The news outlet also reported the asset traded hands for $38.5 million.

April 22, 2025

Acquisitions Multifamily North Carolina Southeast

JLL Brokers Sale of 292-Unit Greens at Centennial Apartments in Raleigh

by John Nelson April 22, 2025

RALEIGH, N.C. — JLL has brokered the sale of Greens at Centennial, a 292-unit apartment community located at 320 The Greens Circle within North Carolina State University’s (NC State) Centennial Campus in Raleigh. An affiliate of a fund managed by Arboretum Partners purchased the property for an undisclosed amount. John Mikels, John Gavigan, Chase Monroe and William Martin of JLL represented the seller, Capital Associates, along with the seller’s internal representatives, in the transaction. Taylor Allison and Brad Woolard of JLL arranged an undisclosed amount acquisition financing for Arboretum through the Canadian Imperial Bank of Commerce. Built in 2014, Greens at Centennial features a mix of studio, one- and two-bedroom apartments that average 941 square feet in size. Amenities include a saltwater pool, 24-hour fitness center, fenced dog park and landscaped courtyards with grilling areas. Greens at Centennial is on a ground lease with NC State.

April 22, 2025

Acquisitions Florida Indiana North Carolina Student Housing Texas Top Stories

Newmark Brokers Sale of 3,693-Bed Student Housing Portfolio Across Four States

by Hayden Spiess April 17, 2025

NEW YORK CITY — Newmark Group has brokered the sale of a student housing portfolio situated across four states. Located near major public universities in Florida, Texas, Indiana and North Carolina, the portfolio comprises five properties housing 3,693 beds across 1,248 units. A joint venture between Nuveen and The Preiss Co. was the seller. The buyer and sales price were not disclosed, though Newmark states the transaction represents the largest U.S. student housing portfolio sale this year. The undisclosed communities serve students attending the University of Texas at Austin, North Carolina State University, Texas State University, the University of Florida and Indiana University. Each property is situated an average of roughly 0.9 miles within its respective campus. Amenities at the communities include swimming pools, grilling stations, fitness centers, outdoor recreation areas and study rooms. The Preiss Co. recently closed on the recapitalization of the portfolio, which Newmark also arranged. As part of the recapitalization, all five properties will undergo renovations to shared amenity spaces. Planned upgrades include the addition of modern furniture, updated finishes and state-of-the-art fitness equipment. Several properties will also receive unit interior renovations including the addition of modern cabinetry, updated flooring, contemporary fixtures and hardware, new lighting …

April 17, 2025

Florida Georgia Industrial Loans North Carolina Southeast

McCraney Property Obtains $55M Refinancing for Southeast Industrial Portfolio

by John Nelson April 17, 2025

ORLANDO, FLA. — McCraney Property Co. has obtained three loans totaling $55 million for the refinancing of a Class A industrial portfolio in the Southeast. Melissa Rose, Michael DiCosimo and Nicole Barba of JLL arranged the three non-recourse loans on behalf of the Orlando-based industrial developer. The direct lenders were not disclosed. Built between 2023 and 2024, the portfolio includes 41 Logistics in Adairsville, Ga. (390,498 square feet); Royal Palm Logistics in Royal Palm Beach, Fla. (128,684 square feet); and Davidson 85 in Concord, N.C. (146,628 square feet). The portfolio was 94.7 percent leased at the time of financing to a diverse tenant roster. The refinancing comprised a $25.8 million loan for 41 Logistics, a $16 million loan for Royal Palm Logistics and a $13.2 million loan for Davidson 85.

April 17, 2025

Newer Posts

Older Posts