Southeast

Strategic Property Partners to Develop Entertainment District in Downtown Tampa

by Abby Cox December 19, 2025

TAMPA, FLA. — Strategic Property Partners (SPP) has announced plans to develop an entertainment district in downtown Tampa. The district is proposed for a vacant parcel across from Benchmark International Arena, the 19,092-seat home of the NHL’s Tampa Bay Lightning. Situated on Channelside Drive between Morgan and Jefferson streets, the new district will support the broader $3 billion Water Street Tampa neighborhood. SPP plans to partner with Lightning owner Vinik Sports Group (VSG) to manage the entertainment venue, which will be privately financed. “Water Street Tampa was designed to evolve, and this entertainment district is the next step in completing the larger vision,” says Josh Taube, CEO of SPP. “Water Street Tampa is a dynamic neighborhood with waterfront, public spaces, residences, retail, hotels and offices all connected through a walkable experience. This project activates the western edge of the neighborhood by adding an entertainment energy through live music and cultural experiences, strengthening ‘WST’ as a preeminent destination.” Upon full build-out, Tampa’s new entertainment district will include a 3,500-seat music and performance venue for rising and mid-tier touring artists; a 250-room hotel; and 100,000 square feet of retail, dining and entertainment space. SPP aims to break ground on the project in …

December 19, 2025

Acquisitions Industrial North Carolina Southeast

Crescent Communities, Fortius Capital Sell 449,069 SF Industrial Facility in Charlotte Leased to Amazon

by John Nelson December 18, 2025

CHARLOTTE, N.C. — Crescent Communities and Fortius Capital Partners have sold AXIAL Rapid Commerce, a 449,069-square-foot industrial facility located at 500 Rhyne Road in Charlotte. The owners recently signed Amazon to a full-building lease at the facility, which is situated within the 1.5 million-square-foot, 140-acre Rapid Commerce Park. Pacolet Milliken, the project’s limited partner, is purchasing the facility from Crescent Communities and Fortius Capital for an undisclosed price. The LEED-certified property features 3,850 square feet of office space, 338 automobile parking spaces, 106 trailer parking spaces, two drive-in doors, multiple storefronts, 36-foot clear heights and abundant dock doors.

December 18, 2025

Development Florida Multifamily Seniors Housing Southeast

United Group Begins Construction on 152-Unit Active Adult Development in Winter Park, Florida

by John Nelson December 18, 2025

WINTER PARK, FLA. — The United Group of Cos. has begun construction on Terracotta Terrace, an active adult community in Winter Park, roughly six miles northeast of Orlando. Upon completion, the property will total 152 units reserved for residents age 55 and older. Residences will include one- and two-bedroom apartments, as well as penthouses. Additionally, the community will feature 12,000 square feet of amenity space. Amenities will include a pool, outdoor bar and kitchen, dog park, bocce ball, shuffleboard courts, fire pits, cabanas, a great room, café and bar area, movie theater, fitness center, yoga studio and a wellness center with a salon, massage studio and sauna. Completion of construction is scheduled for the fourth quarter of 2027. The project team includes Winter Park Construction and Forum Architecture & Design. United Plus Property Management, the management arm of United Group, will operate the community.

December 18, 2025

Hospitality Loans Southeast Tennessee

Newmark Arranges $51M Refinancing for Virgin Hotels Nashville

by John Nelson December 18, 2025

NASHVILLE, TENN. — Newmark has arranged a $51 million loan for the refinancing of Virgin Hotels Nashville, a 14-story hotel located at 1 Music Square W in Nashville’s Music Row district. Jordan Roeschlaub, Nick Scribani, Tyler Dumon, Holden Witkoff and Tate Keir of Newmark arranged the loan through Apollo. The borrower, Virgin Group, opened the 262-room hotel in July 2020. Virgin Hotels Nashville features multiple food-and-beverage eateries, including a rooftop bar, speakeasy and a signature restaurant with indoor and outdoor dining space. Other features include a rooftop pool with private cabanas, a fitness center and more than 15,000 square feet of meeting and event space.

December 18, 2025

Acquisitions Florida Retail Southeast

Cushman & Wakefield Negotiates Sale of 134,832 SF Publix-Anchored Shopping Center in Boca Raton, Florida

by John Nelson December 18, 2025

BOCA RATON, FLA. — Cushman & Wakefield has negotiated the sale of Polo Club Shops, a 134,832-square-foot shopping center located in Boca Raton. The center is anchored by Publix, which completed a full demolition and reconstruction of its store in 2022, expanding the property by an additional 48,387 square feet. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Atlanta-based Jamestown Properties, in the transaction. The buyer, Publix Super Markets, purchased the shopping center for an undisclosed price. The Lakeland, Fla.-based grocer is operating with a new 20-year lease. Other tenants at Polo Club Shops include Beignets & Brews, Brendy’s Ice Cream, Ernie’s Açai Bowls, First Watch, Peak Beauty Studio, Manhattan Joe’s Pizzeria, Pet Supermarket and Phenix Salon Suites.

December 18, 2025

Acquisitions Georgia Retail Southeast

Highline Acquires Shopping Center in Conyers, Georgia for $25.4M

by John Nelson December 18, 2025

CONYERS, GA. — Highline Real Estate Capital has acquired Salem Gate Market, a 177,527-square-foot shopping center located in Conyers, a southeast suburb of Atlanta in Rockdale County, for $25.4 million. Situated directly off I-20, the center’s tenant roster includes anchors Academy Sports + Outdoors and Floor & Décor. The Miami-based investor purchased Salem Gate Market from the undisclosed seller via its Highline Real Estate Fund 1, which launched in 2023 and has completed more than $350 million in acquisitions. Brad Buchanan and Jim Hamilton of JLL’s Atlanta office represented the seller in the transaction. Highline also recently sold an unanchored retail center in Conyers in a separate transaction totaling $9 million.

December 18, 2025

Development Florida Industrial Southeast

Parkway Breaks Ground on Phase II of $750M Industrial Park in Lakeland, Florida

by John Nelson December 17, 2025

LAKELAND, FLA. — Parkway has broken ground on Phase II of Lakeland Central Park, a $750 million industrial park spanning 740 acres in Lakeland. The second phase will comprise LCP 300, a new 261,000-square-foot cross-dock industrial facility at 1735 Winston Park Blvd.; an extension of Winston Park Boulevard with a direction connection to a signalized intersection at Airport Road; and pad-ready sites that can accommodate facilities spanning 162,000 to 1.7 million square feet. Phase I of Lakeland Central Park included LCP 200, a 705,000-square-foot, Class A facility that recently sold to a global furniture manufacturer and retailer. Parkway expects to deliver LCP 300 by fourth-quarter 2026, with the infrastructure, extension of Winston Park Boulevard and pad site deliveries expected to be completed by second-quarter 2027. The project team for Lakeland Central Park includes capital partner Silverpeak, an unnamed institutional investor with $140 billion of real estate assets under management, Berkadia (financial intermediary), Pinnacle Financial Partners (lead debt lender), Jr. Davis Construction (general contractor for infrastructure), Marcobay Construction (general contractor for LCP 300) and Cushman & Wakefield (marketing and leasing).

December 17, 2025

Loans Mixed-Use Multifamily Office Southeast Tennessee

CBRE Arranges $181.5M Refinancing for Finery Mixed-Use Development in Nashville

by John Nelson December 17, 2025

NASHVILLE, TENN. — CBRE has arranged three loans totaling $181.5 million for the refinancing of The Finery, a mixed-use development in Nashville’s Wedgewood-Houston neighborhood that comprises The Residences at The Finery and the adjacent T3 Wedgewood Houston office building. Mike Ryan, Brian Linnihan, Richard Henry, Blake Cohen, J.P. Cordeiro and Taylor Crowder of CBRE arranged the loans on behalf of the borrowers, Hines and Peakline Partners. Oxford Properties Group provided an $118 million loan for The Residences at The Finery, and Tishman Speyer provided a $17.5 million mezzanine loan behind Blue Owl’s $46 million loan for the T3 office building.

December 17, 2025

Acquisitions Florida Multifamily Southeast

Crescent Communities Sells 260-Unit NOVEL Nona Apartments in Orlando

by John Nelson December 17, 2025

ORLANDO, FLA. — Crescent Communities has sold NOVEL Nona, a 260-unit apartment community in Orlando’s Lake Nona neighborhood, to an undisclosed, private real estate management company. The Charlotte-based developer broke ground on the property in 2021. NOVEL Nona features a fitness center with a dedicated studio for yoga and spin classes, coworking spaces, a saltwater pool with cabanas, bike storage, walking trails, a conservation area, top-floor lounge with TVs and a craft cocktail bar, two courtyards, firepits and grills. Crescent Communities recently announced the appointment of Greg Minder to lead strategy, development and execution across the company’s multifamily presence in Tampa, Orlando and Jacksonville. The developer currently has several properties in the construction stages in those markets.

December 17, 2025

Development Georgia Multifamily Southeast

Thompson Thrift to Develop 214-Unit Wrenly Apartments in Newnan, Georgia

by John Nelson December 17, 2025

NEWNAN, GA. — Thompson Thrift plans to develop Wrenly, a 214-unit apartment community in Newnan, a city approximately 40 miles southwest of downtown Atlanta. The Indiana-based developer expects to welcome residents by April 2027, with full completion slated for early 2028. The 29-acre community will comprise one-, two- and three-bedroom apartments within six residential buildings. Amenities will include a 24-hour fitness center, a pool with a waterfall feature, firepit with seating areas, grills, pickleball court, dog park and a business center.

December 17, 2025

Newer Posts

Older Posts