Southeast

Corning to Develop Manufacturing Facility in Hickory, North Carolina as Part of $6B Meta Deal

by John Nelson January 29, 2026

HICKORY, N.C. — Corning Inc. has announced plans to develop a new optical cable manufacturing facility in Hickory, about 58 miles northwest of Charlotte. The new plant is part of the New York-based tech manufacturing firm’s multi-year, up to $6 billion agreement with Meta Platforms Inc., the parent company of Facebook and Instagram. Meta will serve as the anchor client of the manufacturing facility. The agreement will help accelerate the build-out of advanced data centers to support Meta’s various apps and technologies, including its Llama AI platform. Under the agreement, Corning will supply Meta with “its newest innovations in optical fiber, cable and connectivity solutions.” The new factory and increased investment in Corning’s existing North Carolina footprint are expected to create 5,000 new jobs, including scientists, engineers and production teams. The initiative is expected to increase Corning’s employment in North Carolina by 15 to 20 percent. Back in October, Corning acquired 32.9 acres in Trivium Corporate Center, a 378-acre business park in Hickory, and agreed to invest $170 million to $267.9 million and create 132 jobs at the park.

January 29, 2026

Acquisitions Florida Mixed-Use Southeast

Joint Venture Acquires Design 41 Mixed-Use Building in Miami for $72.5M

by John Nelson January 29, 2026

MIAMI — A joint venture between Pebb Capital, Wharton Properties, Lane Capital Partners and Sabal Investment Holdings has purchased Design 41, a seven-story mixed-use building located at 112 N.E. 41st St. in Miami’s Design District. The partnership purchased the property from the privately held Norton family for $72.5 million. Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors brokered the deal, and 26North provided an undisclosed amount of acquisition financing. Design 41 comprises 40,000 square feet of Class A offices leased to financial firms, family offices, Foster + Partners and Bosch Appliances, which uses upper-level offices for its showroom. The property also features 10,000 square feet of ground-floor retail and showroom space leased to Missoni, Bond No. 9 and Breitling, as well as a 64-space parking garage and open-air terraces. Design 41 was fully leased at the time of sale.

January 29, 2026

Acquisitions Alabama Industrial Southeast

Coro Realty Purchases 239,370 SF Industrial Property in Birmingham

by John Nelson January 29, 2026

BIRMINGHAM, ALA. — Coro Realty has acquired a 239,370-square-foot industrial facility located at 3501 1st Ave. N in Birmingham’s Eastside submarket. Tripp Alexander and Will Canary of Colliers represented Coro Realty in the $13.8 million transaction. Jake Viverette and Will Redding with The Overton Group, along with Edwin Moss and Benjamin Bottcher of JH Berry, represented the undisclosed seller. Bobby Norwood of JLL arranged an undisclosed amount of acquisition financing on behalf of Coro Realty via Seacoast Bank. Originally built in 1965, the property was fully leased at the time of sale to tenants including the U.S. Postal Service, Division 7 Supply and Sara Sells. The infill facility is situated on a nine-acre site near downtown Birmingham and I-20 and features 20 dock-high doors, LED lighting and a rail spur with potential connectivity to an active Norfolk Southern line.

January 29, 2026

Development Industrial North Carolina Southeast

Partnership Breaks Ground on 194,232 SF Industrial Facility in Charlotte

by John Nelson January 29, 2026

CHARLOTTE, N.C. — A partnership between Iconic Equities, Shoreline Capital, Overlook Ventures and LaSalle Investment Management has broken ground on Pineville Distribution Center, a 194,232-square-foot industrial facility in Charlotte’s Southwest submarket. The property is located on 15 acres at 10203 Pineville Distribution St. The ownership has tapped Bradley Dunn and Bill Wood of Trinity Partners to lease Pineville Distribution Center. The co-developers plan to deliver the facility in mid-to-late 2026. Physical features of the project were not released.

January 29, 2026

Development Indiana Industrial Midwest North Carolina Southeast Top Stories

John Deere to Open Two New Industrial Facilities in Indiana, North Carolina

by Hayden Spiess January 29, 2026

HEBRON, IND. AND KERNERSVILLE, N.C. — Agricultural and construction machinery company John Deere (NYSE: DE) plans to open two new industrial facilities in the United States. The developments include a distribution center near Hebron, Ind., and a manufacturing campus in Kernersville, N.C. John Deere recently broke ground on the 234-acre Indiana facility, which is designed to streamline operations and ensure timely delivery of equipment and parts. John Deere plans to invest $125 million to equip and development the 1.2 million-square-foot project, which is situated just off I-65. According to the company, the project is expected to create roughly 150 jobs in the state. Venture One Real Estate is developing the Indiana facility. The project team also includes Ware Malcomb as architect, Jacob & Hefner as civil engineer and Clayco as design builder. George Maragos of CBRE represented John Deere in its site selection. John Deere also operates its primary North American parts distribution center in the Midwest region in Milan, Ill. That facility has been in operation since 1973 and employs roughly 1,200 people. In Kernersville, a new $70 million manufacturing center will produce excavators for the construction market, assuming production activity that was previously conducted in Japan. The campus …

January 29, 2026

Development Loans Mixed-Use Multifamily Restaurant Retail Southeast Tennessee

AJ Capital Obtains $475M Construction Loan for Mixed-Use Redevelopment in Nashville

by John Nelson January 28, 2026

NASHVILLE, TENN. — AJ Capital Partners has obtained a $475 million construction loan for Belle Meade Village, a 15.5-acre retail and residential village underway in Nashville. Located on the border of Belle Meade, Tenn., the project is a redevelopment of an under-utilized shopping center. Raymond James Real Estate Investment Banking arranged the financing through Barings on behalf of AJ Capital. Belle Meade Village will feature 1 Iris Lane, The Residences at Belle Meade Village, which are a pair of two 46-unit condominium buildings. The condos have a starting price of $3 million and come in one- to four-bedroom layouts. Residents have access to 16,000 square feet of amenity space, including high-end fitness and wellness features and private wine and cigar rooms, among other attractions. The project also includes a five-acre private park and a central courtyard space with an antique carousel surrounded by a seven-building retail village that will feature local and global brands, a private members’ club and a boutique hotel. AJ Capital broke ground on Belle Meade Village last October, with plans to wrap up construction by 2028. The design-build team includes Meyer Davis (interior design for 1 Iris Lane), Brasfield & Gorrie (general contractor), Barge Civil Associates …

January 28, 2026

Acquisitions Georgia Multifamily Southeast

Milestone Group Purchases 266-Unit Apartment Community in Canton, Georgia

by John Nelson January 28, 2026

CANTON, GA. — The Milestone Group has purchased Legends at Laurel Canyon, a 266-unit, garden-style apartment community located at 100 Legends Drive in Canton, about 43 miles north of Atlanta. The seller and sales price were not disclosed. Built in 2020, Legends at Laurel Canyon offers one-, two- and three-bedroom units averaging 1,227 square feet in size. Amenities include a clubhouse, fitness center, resort-style saltwater pool, gated access, Amazon Hub Lockers, car care center, bike racks and a pet park and spa.

January 28, 2026

Acquisitions Retail Southeast Tennessee

Marcus & Millichap Arranges Sale of 86,584 SF Store in Knoxville Leased to Kohl’s

by John Nelson January 28, 2026

KNOXVILLE, TENN. — Marcus & Millichap has arranged the sale of an 86,584-square-foot store located at 5312 Washington Pike in Knoxville. Kohl’s has fully occupied the freestanding building on a triple-net lease since it was constructed in 1997. A Sephora store-within-a-store was added to the Kohl’s in 2023. The property is situated on 32.7 acres about eight miles from downtown Knoxville and the University of Tennessee. Andrew Antoniou and Dominic Sulo of Marcus & Millichap’s Chicago/Oak Brook office represented the undisclosed seller in the transaction. Jody McKibben served as Marcus & Millichap’s Tennessee broker of record for the deal. The buyer, a locally based investor, purchased the store for an undisclosed price.

January 28, 2026

Acquisitions Industrial Kentucky Southeast

Brennan Acquires 56,000 SF Industrial Facility in Hebron, Kentucky in Sale-Leaseback Deal

by John Nelson January 28, 2026

HEBRON, KY. — Brennan Investment Group has acquired a 56,000-square-foot industrial facility located at 1010 Petersburg Road in Hebron, about two miles south of Cincinnati/Northern Kentucky International Airport. The facility is situated on more than five acres within Airpark International Corridor, a master-planned industrial park. The Chicago-based investment firm purchased the facility in a sale-leaseback deal with the tenant, a rubber and plastics manufacturer that has occupied the facility for more than 10 years. The sales price and lease terms were not disclosed.

January 28, 2026

Acquisitions District of Columbia Office Southeast

Carr Properties, Barings Purchase 12-Story Office Building in Downtown D.C.

by John Nelson January 27, 2026

WASHINGTON, D.C. — A partnership between Carr Properties and Barings has purchased a 12-story office building located at 1401 New York Ave. NW in downtown Washington, D.C. Eastdil Secured represented the undisclosed seller in the transaction. The sales price was also not disclosed. The new ownership plans to fully renovate the 211,500-square-foot building with a new enclosed amenity space on the rooftop, as well as upgrades to the office building’s lobby, fitness center and conference facilities. Current tenants at the LEED Gold-certified building include Boies Schiller Flexner, Capstone, Vedder Price and Nossaman.

January 27, 2026

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