NASHVILLE, TENN. — A group of Tennessee-based investors doing business as TEB LLC, which was organized by ARRT Global’s SRE investment fund I, has acquired a 47-acre scrapyard site in Nashville’s East Bank region. The purchase price was $245 million, according to several media outlets. David Byerley and Sam Lingo of ARRT Global led TEB LLC in the transaction, while Bryan Fort, Frank Thomasson and Ryan Coulter of CBRE represented the seller, Icahn Enterprises. The scrapyard site fronts the Cumberland River and ranks among one of the largest land purchases in Nashville history, falling slightly below Oracle Corp.’s $253.7 million purchase in 2021 for more than 65 acres of East Bank land for its future campus, as reported by the Nashville Business Journal. SA Recycling has managed the site since its acquisition of PSC Metals in 2021. The scrapyard has primarily been used for metal recycling since the early 1960s. Plans for the redevelopment have not been disclosed.
BATON ROUGE, LA. — A partnership between New York-based companies DLC and DRA Advisors has acquired Towne Center at Cedar Lodge, a 316,031-square-foot shopping center located near the Louisiana State University (LSU) campus in Baton Rouge. The purchase price was $81 million, according to the Baton Rouge Advocate. The seller was undisclosed. Whole Foods Market anchors the property, which was 93 percent leased at the time of sale. Other tenants include Barnes & Noble, Nike, Gap and Ulta Beauty.
MIAMI — A partnership between Tampa- based American Landmark Apartments and New York-based Clearline Real Estate has broken ground on 2000 Wynwood, a 310-unit apartment complex located in Miami’s Wynwood Arts District. Leo A Daly designed the project, which will feature luxury studios, one- and two-bedroom apartments, as well as 12,000 square feet of ground-floor retail space. Amenities will include a resort-style rooftop swimming pool, fitness center, resident lounge, coworking areas and 308 private parking spaces. A timeline for completion was not disclosed.
ST. PETERSBURG, FLA. — SRS Real Estate Partners has arranged the $7.3 million sale of a two-parcel, multi-tenant retail strip center located at 730 4th St. N in St. Petersburg. Built in 2009, the property totals 10,802 square feet and was fully leased to a mix of tenants including Foxtail Coffee, The UPS Store, Jimmy John’s, Chipotle Mexican Grill and Verizon Wireless at the time of sale. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a Tampa-based investment group, in the transaction. The buyer was a national fund that targets multi-tenant retail properties. Both parties requested anonymity.
CHARLOTTE, N.C. — Regional financial services company First Horizon Corp. has signed a lease at 110 East, a 370,000-square-foot office tower located in the South End neighborhood of Charlotte. Rhea Greene, Jennifer Kurz and John Hannon of Trinity Partners represented the landlord, a joint venture between Shorenstein and Stiles, in the lease negotiations. Bradley Rice of Fischer CRE represented the tenant along with internal representatives Tina Fullard and Joanna Britt of First Horizon. In the first half of 2026, First Horizon will relocate to 110 East, consolidating two of its current regional offices. As the anchor tenant, the firm will occupy 88,167 square feet across the top three floors of the building, bringing the tower to 70 percent occupancy. Other tenants include Coinbase, SPAR Media and SouthState Bank. 110 East was delivered in March 2024 and marks the tower’s first phase of a broader redevelopment plan to transform Charlotte’s South and East Boulevard into a walkable destination for office, retail and dining.
When asked what makes Florida appealing from a retail perspective, Steven Miskew, CEO of Southeast Centers, put it succinctly: “The good macro-economic drivers are here: population growth, lack of supply and low vacancy, all in a pro-business environment,” he said. As Miskew asserts, Florida’s population continues to swell as approximately 1,755 people move into the state daily, according to 2023 data from online self-storage platform StorageCafe. Additionally, U-Haul has ranked Florida as a top four growth state in its annual growth index — which analyzes the destinations for one-way moves across its fleet — every year since 2015. Seven Florida cities ranked in U-Haul’s top 25 growth metros in 2024. Florida’s growing population underpins the success of its retail sector as more rooftops directly correlates to more demand for corresponding services, including grocery, food-and-beverage, health and wellness and soft goods. Phil Kirkpatrick, business recruitment and property development at the City of Clearwater’s economic development and housing department, says that the Tampa Bay-area city is seeing very strong retail occupancy levels. “Vacancy is quite low as of the end of 2024, sitting at 5.4 percent,” says Kirkpatrick, acknowledging that the rate exceeds the vacancy rate of the overall Tampa Bay metro …
MIAMI GARDENS, FLA. — Core Palmetto, an affiliate of Core Investment Management, has sold Palmetto Plaza, a 186,095-square-foot retail center located in Miami Gardens, roughly 16 miles north of downtown Miami. The sales price was $46 million. Core originally acquired Palmetto Plaza in 2021 for $33 million.Aldi and Dollar Tree anchor the property, which was more than 95 percent leased at the time of sale. Other tenants include The UPS Store, Regions Bank, Dunkin’ and Bright Star Academy. Built in 1987, the center sits on nearly 12 acres. Douglas Mandel and Zach Levine of Marcus & Millichap represented Core in the transaction and procured the undisclosed buyer.
ST. PETERSBURG, FLA. — CBRE has arranged the sale of Carillon Bay Apartments, a 304-unit, value-add multifamily complex located in St. Petersburg within the Gateway Business District. A Texas-based firm purchased the property for $37 million, according to the Tampa Bay Business Journal. Michael Regan, Cameron Barbas and Matthew Valeri of CBRE represented the seller, Eagle Property Capital, in the transaction. Formerly Gateway on 4th, Carillon Bay comprises 32 two-story buildings and offers one-, two- and three-bedroom floorplans ranging in size from 618 square feet to 1,498 square feet. Units also feature walk-in closets, washer/dryers and private patios or balconies. Amenities include a resort-style swimming pool, 24-7 fitness center, dog park and a children’s playground.
GLEN ALLEN, VA. — Cushman & Wakefield | Thalhimer has brokered the $5 million sale of a former Tyson Foods plant located on approximately 53 acres at 13264 Mountain Road in the Richmond suburb of Glen Allen. An entity doing business as Hanoverlovestheproperty LLC purchased the 208,000-square-foot property from Tyson Farms Inc. Graham Stoneburner, Danny Holly and Chrissy Chappell of Cushman & Wakefield | Thalhimer represented the seller in the transaction.
SILVER SPRING, MD. — A partnership between St. Louis-based Sansone Group and locally based data center operator Priseda has acquired a 214,000-square-foot data center located in Silver Spring, just north of Washington, D.C. JLL Capital Markets arranged acquisition financing through Maryland-based Poverni Sheikh Group (PSG). The tier IV data center currently supports mission-critical operations and is slated for infrastructure enhancements, including the modernization of tier transitions, which will improve data center infrastructure performance and reliability, as well as an expansion of power capacity up to 100 megawatts. The new ownership is actively leasing the property and has secured a long-term lease with an undisclosed anchor tenant.