Southeast

Cushman & Wakefield Brokers $17.5M Sale of Industrial Portfolio in Laurel Hill, North Carolina

by John Nelson April 11, 2025

LAUREL HILL, N.C. — Cushman & Wakefield has brokered the $17.5 million sale of a two-property industrial portfolio in Laurel Hill. Situated at 18300 and 18400 Fieldcrest Road, the property is within 100 miles of the Port of Wilmington and is fully leased to High Life LLC, an apparel manufacturer based in New York City. The buildings total 203,196 square feet and 356,201 square feet, respectively. Parsons Commercial Group Inc. purchased the portfolio. Rob Cochran and Bill Harrison of Cushman & Wakefield represented the seller, a joint venture between Edgewater Ventures and Singerman Real Estate, in the transaction. Edgewater and Singerman originally acquired the properties in December 2021 for $11.5 million, a deal that Fermin Deoca and Matt Treble of Cushman & Wakefield brokered.

April 11, 2025

Development Leasing Activity Maryland Restaurant Retail Southeast

Greenberg Gibbons Opens 15,000 SF Retail Building at Reisterstown Shopping Center in Maryland

by John Nelson April 11, 2025

REISTERSTOWN, MD. — Greenberg Gibbons has opened a new retail building totaling 15,000 square feet at Reisterstown Shopping Center, a 167,212-square-foot shopping center located in the Baltimore suburb of Reisterstown. The retail building includes an 11,076-square-foot renovated Advance Auto Parts, which is now open. Two additional tenants at the building — Jersey Mike’s Subs and Quickway Japanese Hibachi — will open this fall. Existing tenants at Reisterstown Shopping Center include Lidl, Big Lots, Walgreens, Planet Fitness, Starbucks Coffee, Chick-fil-A, Bank of America, Wells Fargo and Dollar Tree. Since acquiring the property, Greenberg Gibbons has invested $30 million in upgrades and renovations.

April 11, 2025

Acquisitions Arkansas Development Southeast Student Housing

Endeavor Acquires Student Housing Development Site Near University of Arkansas

by John Nelson April 10, 2025

FAYETTEVILLE, ARK. — Endeavor Real Estate Group has acquired a development site near the University of Arkansas campus in Fayetteville for a new student housing development. Details on the project have not been announced. The Austin, Texas-based firm also recently hired Chuck Carroll as principal to assist with growing the company’s student housing platform. Carroll previously spent over 20 years with American Campus Communities. He will be joining Jake Newman, principal of Endeavor, who will be spearheading the firm’s new student housing division.

April 10, 2025

Acquisitions Georgia Industrial Loans Southeast

CBRE Secures $26.4M Acquisition Loan for Industrial Property in Tucker, Georgia

by John Nelson April 10, 2025

TUCKER, GA. — CBRE has secured a $26.4 million acquisition loan for Lavista Business Park, a 217,496-square-foot industrial property located on 11.8 acres at 2000-2068 Weems Road in Tucker, about 18 miles northeast of Atlanta. Irvine, Calif.-based CIP Real Estate purchased the park from Dallas-based ATCAP Partners for $37 million. Mike Ryan, Brian Linnihan, Richard Henry and Taylor Crowder of CBRE Capital Markets’ Debt & Structured Finance team in Atlanta secured the five-year, floating-rate loan through LoanCore Capital on behalf of CIP. Built in 1972, Lavista Business Park consists of four single-story, shallow-bay buildings that average 54,000 square feet in size and feature new roofing, 16- to 20-foot clear heights, 55 dock-high doors, one drive-in door and 209 parking spaces. The property was 92 percent leased at the time of sale to 15 tenants.

April 10, 2025

Acquisitions Georgia Multifamily Southeast

Matthews Brokers $21.6M Sale of Woodland Commons Apartments in Newnan, Georgia

by John Nelson April 10, 2025

NEWNAN, GA. — Matthews Real Estate Investment Services has brokered the $21.6 million sale of Woodland Commons, a 114-unit apartment community located at 22 Forest Circle in Newnan, about 36 miles southwest of Atlanta. Marietta, Ga.-based Arcan Capital purchased the property from TriWest Multifamily in a 1031 exchange and assumed an undisclosed amount of existing debt. The El Segundo, Calif.-based seller had owned the community, which was originally built in 2002, since 2022. Austin Graham of Matthews brokered the transaction. Woodland Commons features one-, two- and three-bedroom apartments ranging in size from 878 to 1,329 square feet, according to Apartments.com. Community amenities include a swimming pool, laundry facilities, a business center, fitness center, playground and a car wash area.

April 10, 2025

Acquisitions Florida Healthcare Southeast

Colliers Facilitates $9.7M Sale of Medical Office Building in Delray Beach, Florida

by John Nelson April 10, 2025

DELRAY BEACH, FLA. — Colliers has facilitated the $9.7 million sale of a medical office building located at 66446 W. Atlantic Ave. in Delray Beach, roughly 23 miles south of West Palm Beach. The 16,761-square-foot property, which was renovated in 2020, was fully leased at the time of sale and serves as a surgery center with two operating rooms and three treatment rooms. The facility’s first floor is leased to a multi-specialty physician group, Medical Specialists of the Palm Beaches, and the top two levels are leased to an ambulatory healthcare provider, Minimally Invasive SurgiCenter. Mark Rubin, Bastian Schauer and Gary Gottlieb of Colliers represented the undisclosed seller in the transaction. The buyer, Alliance Consolidated Group of Cos. LLC, was self-represented.

April 10, 2025

Acquisitions Florida Retail Southeast

Marcus & Millichap Arranges $8.2M Sale of Retail Center in Panama City, Florida

by John Nelson April 10, 2025

PANAMA CITY, FLA. — Marcus & Millichap has arranged the $8.2 million sale of Shops at Bay City Point, a 21,540-square-foot retail center located in Panama City. Zach Taylor, Robby Pfeiffer and Eric Abbott of Marcus & Millichap’s Atlanta office represented the seller, a Rome, Ga.-based developer. Brian Munn, also based in the Atlanta office, procured the buyer, a Georgia-based private investor. Ryan Nee is Marcus & Millichap’s broker of record in Florida. Built in 2023, Shops at Bay City Point is part of the larger 24-acre Bay City Point retail development. Tenants at the property — which was fully leased at the time of sale — include Xfinity, The Vitamin Shoppe, Smile Doctors Orthodontists and Chicken Salad Chick. The retail center is situated across from the former Panama City Mall, a 600,000-square-foot site currently undergoing a mixed-use redevelopment.

April 10, 2025

Features Kentucky Restaurant Southeast Southeast Feature Archive

Quick-Service Restaurants Embrace Digital Transformation, AI Revolution

by John Nelson April 10, 2025

By Casey Smallwood of SRS Real Estate Partners In today’s fiercely competitive quick-service restaurant (QSR) market, digital transformation and artificial intelligence (AI) are reshaping how brands operate, engage with customers and create value. An industry once defined by speed and consistency is now being reshaped by data, automation and intelligent personalization. Across the country, QSRs are embracing cutting-edge technologies to improve operations, enhance the customer experience and maximize profitability. From mobile ordering apps to AI-powered drive-thru automation and predictive inventory management, these innovations are redefining the QSR business model. To stay competitive and relevant in today’s fast-changing market, franchise operators, developers and commercial real estate investors must understand and adapt to these technology-driven shifts. At the heart of this evolution is digital transformation — the integration of digital technology across all aspects of the business. In the QSR landscape, this includes everything from mobile ordering apps, digital menu boards to contactless payment systems, smart kitchen equipment and sophisticated customer relationship management (CRM) tools. Unlike full-service restaurants that emphasize ambiance and table service, QSRs succeed by offering speed, convenience and consistency. Digital transformation amplifies these core strengths, allowing operators to serve more customers faster and more accurately while also collecting and …

April 10, 2025

Development Maryland Multifamily Southeast

High Street, SREP Break Ground on 300-Unit Apartment Community in Frederick, Maryland

by John Nelson April 9, 2025

FREDERICK, MD. — A joint venture between High Street Residential and SCOA Real Estate Partners (SREP) has broken ground on The Terrace, a 300-unit apartment community located at 10 W. College Terrace in Frederick, about 44 miles northwest of Washington, D.C. The co-developers plan to deliver the midrise project by December 2027. The Terrace will be situated on 8.3 acres and offer views of the nearby Catoctin Mountains via its indoor/outdoor sky lounge. Other amenities will include a resort-style swimming pool, gaming area, EV charging stations and a dog park. The property will feature a mix of one-, two- and three-bedroom apartments ranging in size from 725 to 1,474 square feet. The design-build team includes architect of record Dwell Design Studio and general contractor Morgan-Keller Construction.

April 9, 2025

Acquisitions Florida Loans Multifamily Southeast Virginia

Gantry Secures $59.6M in Acquisition Financing for Three Multifamily Communities in Florida, Virginia

by John Nelson April 9, 2025

TALLAHASSEE, FLA. AND NEWPORT NEWS, VA. — Gantry has secured three loans totaling $59.6 million for the acquisition of three apartment communities in Florida and Virginia. The properties, which total 249 units, include Sanctuary Apartments and Serenity Court Apartments in Tallahassee and Jimmy Apartments in Newport News. All three properties were acquired out of receivership and funded for repositioning, improvements and new leasing programs. Mark Reichter and Alec Frook of Gantry’s Kansas City production office arranged the loans through one of the firm’s life company lenders on behalf of the borrower, a private real estate investor. The bridge loans include upfront interest-only terms followed by 30-year amortization schedules and include capital expenditure funds. Gantry will service the loans.

April 9, 2025

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