SUFFOLK, VA. — Los Angeles-based Industrial Realty Group (IRG) has completed a 227,500-square-foot warehouse and transload facility in Suffolk for RoadOne IntermodaLogistics, an intermodal and logistics user based in Massachusetts. Located near the Port of Virigina, the project features 99 dock doors, 17 acres of trailer space and more than 1,000 stalls for trailer parking. The site is also fully fenced, protected by video surveillance and equipped with electric forklifts and yard jockeys.
MERIDIANVILLE, ALA. — Publix has opened a new store within Flint Crossing Market Place, a 64,925-square foot neighborhood retail center in Meridianville, roughly 10 miles north of Huntsville. Located at 12290 Highway 231/431 N, the store spans 48,387 square feet and features a full-service deli, bakery, seafood counter, produce section and a pharmacy with a drive-thru. Publix Super Markets, doing business as Real SUB LLC, is the landlord of Flint Crossing Market Place.
MANASSAS, VA. — Cushman & Wakefield has secured $28.7 million in bridge financing for Manassas Mall, a 941,574-square-foot shopping mall located in Manassas, roughly 31 miles southwest of Washington, D.C. Miami-based Lionheart Capital was the borrower. Robert Kaplan and Mark Rutherford of Cushman & Wakefield’s Miami office, along with Michael Zelin, Bindi Shah and Ryan McMahon of the firm’s Washington, D.C. office, represented Lionheart Capital in the transaction. Originally developed in 1972, Manassas Mall was expanded in 1988 and renovated in 2016. The mall features more than 80 retailers, including Macy’s, JCPenney, Sears, Target, Walmart, H&M, American Eagle Outfitters and Old Navy, as well as a movie theater and arcade. Lionheart Capital has owned Manassas Mall since 2020. Spinoso Real Estate Group manages the mall.
AVENTURA, FLA. — Seritage Growth Properties, a REIT created by Sears Holdings in 2015, has signed leases with 17 new tenants at Esplanade at Aventura, its 215,000-square-foot mixed-use development located in the northeastern Miami suburb of Aventura. Retail and restaurant concepts including The Salty Donut, If So, Chip City and The Shade Store recently opened at the property, while Tremble, Bank of America and Hästens will open this summer. Pura Vida Miami, Salt & Straw, Starbucks Coffee, Wairua Beauty and Next Health are expected to open this fall. Additional stores that will be arriving later in the year include 7th Avenue, Lola + The Boys, The Keys Co. and Anatomy Fitness. Lastly, Feulard Aesthetic Lab plans to open in spring 2026. The new tenants will occupy approximately 55,000 square feet at the development. Completed in 2023 and located adjacent to Aventura Mall, Esplanade at Aventura features more than 40 retail, dining and entertainment options, including Pinstripes and The LEGO Store. The project also includes healthcare tenants like One Medical and CCRM Fertility, as well as coworking operator Industrious.
SHEPHERDSVILLE, KY. — CRG and STAG Industrial have broken ground on Park Loop @ I-65, a 500,240-square-foot speculative industrial facility located at 650 Park Loop Road in Shepherdsville. The project is situated on a 42.5-acre site one mile east of I-65 and 20 miles south of Louisville, Ky. Park Loop @ I-65 will feature 40-foot clear heights, 96 dock doors, four drive-in doors, 185-foot-deep truck courts, ESFR sprinklers, LED lighting, trailer storage and parking for 310 vehicles. CRG and STAG Industrial plan to deliver the facility in early 2026. The developers have tapped Alex Grove and Doug Butcher of CBRE to market and lease the project. The design-build team includes Clayco (CRG’s parent company) and Lamar Johnson Collaborative.
MIAMI BEACH, FLA. — Ocean Bank has provided a $54 million construction loan for a retail development in Miami Beach. The borrower, 1901 Alton Property LLC, an affiliate of veteran developer Russell Galbut and his daughter Marisa Galbut, is developing a commercial building that will house a 40,883-square-foot Whole Foods Market, 4,000-square-foot Wells Fargo bank branch and 271 parking spaces. Jorge Hernandez of Ocean Bank originated the financing on behalf of the borrower, which has been doing business with Ocean Bank for 35 years. Details of the loan and the development timeline were not released.
COLUMBIA, S.C. — Core Spaces has acquired The Nine at Columbia, a 486-bed student housing community located at 1400 Huger St., which is adjacent to the University of South Carolina campus. The property offers 141 units and townhomes in three- to five-bedroom configurations. Shared amenities include a resort-style pool, fitness center, outdoor fire pit, game area, dog park, clubhouse and private workspaces. The seller and terms of the transaction were not released. The Nine at Columbia was fully occupied at the time of sale.
DECATUR, GA. — A partnership between Decatur Housing and Preserving Affordable Housing Inc. (PAHI) has officially opened Phase I of Village at Legacy, an affordable housing development in the east Atlanta suburb of Decatur. The partnership also officially broke ground on Phase II. Leasing and move-in activity at Phase I of Village at Legacy is expected to begin in August, with construction on Phase II targeted for completion in spring 2026. Village at Legacy is situated on six acres within Legacy Park, a 77-acre site that once housed the United Methodist Children’s Home. The project represents the first ground-up affordable housing development in Decatur in decades. Phase I is a $27.9 million apartment community comprising 66 units, 40 of which Decatur Housing is supporting with project-based vouchers under its new Housing Assistance Payments (HAP) contract with HUD. The $21.5 million second phase will also comprise 66 units, 20 of which will have project-based vouchers. Decatur Housing was awarded Low Income Housing Tax Credits (LIHTC) by the Georgia Department of Community Affairs to support both phases of Village at Legacy. The City of Decatur and the Decatur Housing Authority are providing additional capital. Other capital partners include Hudson Housing Capital, Advantage …
CHARLOTTE, N.C. — The federal government has been cracking down on price gouging in recent months. Last month, the Federal Trade Commission (FTC) implemented a rule to ban “junk fees” from live event platforms like Ticketmaster, as well as hotels and other short-term lodging. This rule precludes the vendor or property owner/management firm from being able to charge hidden fees on the back end by requiring them to put the total cost upfront, inclusive of all mandatory fees and charges. And in January, the U.S. Justice Department (DOJ), along with 10 state attorneys general, followed up on its 2023 antitrust lawsuit with RealPage by adding six of the nation’s largest property managers to the lawsuit. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. The amended complaint alleges that the companies — Greystar; Blackstone’s LivCor LLC; Camden Property Trust; Cushman & Wakefield Inc. (formerly operating independently as Pinnacle); Willow Bridge Property Co. (formerly Lincoln Residential); and Cortland Management LLC (Cortland) — used RealPage’s pricing algorithms via the company’s YieldStar platform to share sensitive data and coordinate pricing strategies, …
WASHINGTON, D.C. — Walker & Dunlop has arranged $106.3 million loan for the refinancing of Agora, an apartment community located in Washington, D.C. The borrower is locally based owner-operator WC Smith. Completed in 2018, Agora totals 334 units across 11 stories. The community marks the second phase of the larger development known as The Collective, which totals 1,138 apartments in the Capitol Riverfront neighborhood. The Collective also includes Park Chelsea, a 429-unit community, and The Garrett, which features 373 apartments and 5,000 square feet of coworking space. Amenities at The Collective include a Whole Foods Market, fitness center, spa rooms and an indoor golf simulator. The development is located within walking distance of Nationals Park, Audi Field and the Navy Yard. “Agora is a standout asset within their exceptional portfolio, and the swift rate lock, secured within 24 hours of the signed application, demonstrates our dedication to providing timely, customized solutions that ensure the best possible outcomes for our clients, says Connor Locke, managing director of multifamily finance at Walker & Dunlop. Walker & Dunlop also arranged financing for the other two phases of The Collective. In 2024, the firm originated more than $30 billion in debt financing. — Hayden Spiess
