Southeast

CHARLOTTE, N.C. — Cushman & Wakefield has arranged the sale of Carmel Village, a 53,615-square-foot retail center located in Charlotte. Situated at 7510 Pineville-Matthews Road, the center was 91 percent leased at the time of sale to tenants including Bonefish Grill, Mathnasium, Eye Care Partners, Chick-O-Rice, NY Old School Bagels and QC Tea Bar. Margaret Jones, Lane Breedlove and Miguel Alcivar of Cushman & Wakefield represented the seller, Raptor Realty Investments, in the transaction. The buyer was not disclosed.  

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RICHMOND, KY. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 49-unit assisted living community located in Richmond, roughly 35 miles southeast of Lexington, Ky. A Midwest-based private equity group acquired the property, which was built in 2009, for an undisclosed price. Kyle Hallion, Connor Doherty and Ryan Kelly of Blueprint represented the seller, a New York-based owner-operator, in the transaction. Both parties requested anonymity.

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Nashville’s office market is navigating a transformative period as the city evolves into a national powerhouse for commerce, culture and corporate investment. Fueled by continued population growth, economic diversification and a wave of new developments, Nashville remains an attractive and resilient market despite headwinds in the broader commercial real estate landscape. Economic trends Nashville’s economic landscape continues to shift in ways that support long-term office market vitality. Population growth: One of the fastest-growing cities in the United States, Nashville continues to benefit from a steady influx of new residents. The expanding talent pool is a major driver of office demand as companies look to establish or expand their footprint in a market rich in skilled labor and cultural vibrancy. Diversifying economy: While music and healthcare have long been economic cornerstones, the city is now seeing strong momentum in sectors like technology, finance, professional services and logistics. These industries bring high-paying jobs and are increasingly seeking high-quality office space that reflects their evolving workplace needs. Return-to-office strategies: Like many U.S. markets, Nashville has witnessed the rise of hybrid work models. However, rather than diminishing the importance of the office, this shift is redefining its role. Employers are focused on right-sizing their …

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PUNTA GORDA, FLA. — Kitson & Partners has begun opening the first wave of retailers at The Shops at Yellow Pine, a 120,000-square-foot shopping center located within the master-planned community of Babcock Ranch in Punta Gorda. Situated north of Crescent B Commons, a Publix-anchored shopping center, The Shops at Yellow Pine comprises three multi-tenant buildings and two standalone outparcels along Cypress Parkway. Five Guys, Marshalls, Ace Hardware, Five Below and Hope Chiropractic are already open at the center, while Panera Bread, Jersey Mike’s Subs and Verizon Wireless are expected to open in June. Several more tenants will follow later in the year, including Carvel; Papa Johns; Yummy Thai and Chinese; HomeGoods; Ulta Beauty; Aesthetics Lounge & Spa; Fountain Pools; Tipsy Nail Salon; Seymour Orthodontics; Tampa General Hospital (TGH) urgent care and medical services; and seafood and steak restaurant Oar & Iron Raw Bar & Grill, which will occupy its own building overlooking Sunset Lake. Additionally, outdoor seating areas will be available for use throughout the development, which is slated to open this summer.

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SUMMERVILLE, S.C. — The Collier Cos. has closed on the purchase of a 10.7-acre parcel within the master-planned community of Nexton in Summerville, approximately 25 miles from downtown Charleston. The company plans to develop 360 new apartment homes on the site. Situated within walking distance from retail and dining options such as Publix, Harris Teeter and The Pickle Bar, the complex will feature studio, one-, two and three-bedroom apartments. Amenities at the property will include a fitness center, game area, pet spa, bocce ball court, yoga lawn, pickleball court, dog park, resort-style swimming pool and grilling stations. Collier Cos. anticipates to begin leasing at the community in early 2027.

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FORTSON, GA. — BWE has provided a $32.3 million HUD 223(f) loan to refinance Greystone at Mulberry Grove, a 222-unit multifamily development located in Fortson, roughly 11 miles north of Columbus. Paul Harbor, Caleb Carter, Libby Davis and Maria Sealy of BWE’s Birmingham office originated the loan on behalf of the borrower, a Georgia-based developer. The HUD loan features a 35-year term and amortization schedule with a debt service coverage ratio of 1.15. The transaction represents BWE’s 10th closed deal with the undisclosed client. Situated at 4849 GA Highway 315, Greystone at Mulberry Grove comprises 22 residential buildings that feature one-, two- and three-bedroom floorplans. Unit sizes of the apartments range from 984 square feet to 1,728 square feet, according to Apartments.com. Amenities include a clubhouse and leasing office, fitness center, laundry room, package room, media room, billiard room, business center, demonstration kitchen, swimming pool with a sundeck, outdoor pavilion with a kitchen, car wash, dog park and spa, bike racks and a community garden. 

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MYRTLE BEACH, S.C. — NAI Charleston has arranged the sale of a 57,659-square-foot shopping center located at 201-233 International Drive in Myrtle Beach. Built in 2014, the center sits on 6.4 acres, according to LoopNet. Lowes Foods anchors the center, which is leased to a mix of local and national tenants. Thomas Boulware and Michael Branch of NAI Charleston represented the buyer in the transaction. Drew Parks of Coldwell Banker Commercial represented the seller. Both parties requested anonymity and the sales price was not released.

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MONTGOMERY, ALA. — A partnership between Birmingham, Ala.-based The FiveStone Group, Bayer Ventures and New York City-based D&A Cos. is underway on the redevelopment of Old Cloverdale Village, an 11,000-square-foot retail property located in Montgomery’s Old Cloverdale District. The project team comprises CCR Architecture & Interiors, Pilgreen and Bostick Engineering Inc. and Prier Construction. The partnership also includes Fresh Hospitality and Charles Morgan. The historic Old Cloverdale Village is home to various locally owned restaurants, pubs, specialty shops and art galleries, as well as an independent arts cinema and a volunteer community theater. Southern restaurant concept Big Bad Breakfast is the first confirmed tenant at the property. Three additional suites are still available for lease. Along with the building’s restoration, the City of Montgomery and the project’s development team are collaborating on an improvement plan for existing infrastructure surrounding the property, including updated exterior lighting, landscaping and the addition of sidewalks. The redevelopment project is scheduled to be fully complete in the fourth quarter.

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DELRAY BEACH, FLA. — ANF has delivered Phase I of Parks at Delray, a 43-acre mixed-use development located at 2100 S. Congress Ave. in Delray Beach. ANF worked on behalf of the ownership group, which comprises 13th Floor Investments, Key International, CDS International Holdings and Wexford Capital. The first phase of Parks at Delray, which ANF topped out in September 2023, includes 420 one-, two- and three-bedroom apartments ranging in size from 580 to 1,400 square feet, as well as three-bedroom townhomes ranging in size from 1,670 to 1,770 square feet. Designed by MSA Architects, the community’s resort-style amenities include a clubhouse, fitness center, pool, social lounge and green spaces. When fully built out, Parks at Delray will feature 747 multifamily units, approximately 10 percent of which will be designated as workforce housing.

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LEBANON, TENN. — CRG has broken ground on the first building within The Cubes at Sparta Pike, a 198-acre industrial park in Lebanon. Known as Building B, the new 520,000-square-foot facility will be the first of four buildings at the park and will feature 40-foot clear heights, staging bays with grade-level doors, deep truck courts, trailer storage, car parking, ESFR sprinklers and high-efficiency LED lighting. The Cubes at Sparta Pike is situated within a mile of I-40 and roughly 24 miles from the Nashville International Airport and will accommodate up to 2.8 million square feet of Class A industrial space. CRG has retained Jim Rodrigues and John Zeffery of Lee & Associates’ Nashville office to market and lease the development. The project team includes CRG’s parent company, Clayco, as the design-builder and Lamar Johnson Collaborative as the project architect. Construction at Building B is expected to be completed in early 2026.

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