Tuesday, June 30, 2026
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Southeast

AcquisitionsFloridaIndustrialSoutheast

JLL Negotiates $53.8M Sale of Distribution Center in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — JLL Capital Markets has negotiated the $53.8 million sale of Imeson Commerce Center, a newly constructed, 422,136-square-foot distribution center in Jacksonville. Situated within Imeson Industrial Park near Jacksonville International Airport, the rear-load building features 36-foot clear heights, 81 dock-high doors, 260 car parking spaces and 180 trailer parking spaces. The facility is fully leased to RoadOne IntermodaLogistics, North America’s largest intermodal trucking provider, with 103,000 square feet of the property providing air-conditioned warehouse space. Luis Castillo, Cody Brais, Taylor Osborne and David Orta Jr. of JLL’s Investment Sales and Advisory team represented the sellers, North Signal Capital and Fox Capital Partners, in the transaction. CIP Real Estate was the buyer.

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LoansMarylandMultifamilySoutheast

Pealmark Provides Mezzanine Loan for 311-Unit Multifamily Property in Hanover, Maryland

by John Nelson

HANOVER, MD. — Pearlmark has provided a mezzanine loan for the refinancing of Bristol Court Apartments, a 311-unit multifamily property in Hanover, roughly 12 miles south of Baltimore. Pearlmark originated the loan via its investment fund, Pearlmark Mezzanine Realty Partners VI LP. Benefit Street Partners provided the senior loan for the refinancing. Kevin Tehan of Columbia National Real Estate Finance LLC arranged the financing on behalf of the owner and developer, Preston Scheffenacker Properties. Located within the Oxford Square planned community near the Dorsey MARC passenger rail station, Bristol Court comprises one-, two- and three-bedroom apartments. The property features a swimming pool, two-story fitness center, yoga studio, lobby with coworking spaces and a clubroom with an entertainment kitchen and fireplace. Additional amenity offerings include a library, lounge with a pool table, pet spa, foosball and shuffleboard, courtyard with a fire pit and grills, as well as a playroom for children.

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AcquisitionsFloridaRetailSoutheast

Avison Young Arranges $16M Sale of North Miami Shopping Center

by John Nelson

NORTH MIAMI FLA. — Avison Young has arranged the $16 million sale of Sans Souci Plaza, a 47,350-square-foot retail property located at 2104 and 2222 NE 123rd St. in North Miami. This acquisition marks the first time the center has been sold. The property — which is anchored by Zaika Indian Cuisine and Catch Specialty Fish Market — comprises two buildings constructed in 1974 and 1976. Michael Fay, John Crotty, David Duckworth, Brian de la Fé and Philip Shapiro of Avison Young represented the seller, Matthews Real Estate Partners, in the transaction. Mario Borda of BCRE (Borda Commercial Real Estate) represented the Aventura, Fla.-based buyer.

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Market ReportsRetailSoutheastSoutheast Market ReportsTennessee

Nashville’s Retail Market Maintains Momentum as Investment Activity Rises

by John Nelson

The Nashville retail market has firmly established itself as one of the strongest and most dynamic in the United States. From luxury national chains to local entrepreneurial storefronts, retailers are increasingly drawn to the city’s diverse and resilient economy — and for good reason. Over the past decade, Nashville has been one of the fastest-growing cities in the country, with consistent year-over-year population and employment gains. This trajectory has been fueled by a favorable business climate, highlighted by the absence of a state income tax, as well as local policies that encourage corporate investment and relocation.  The results are tangible: global and domestic companies alike have planted deep roots in Middle Tennessee. Major players such as AllianceBernstein, Amazon, Nissan, Bridgestone, Asurion and Deloitte have relocated or expanded here, joining long-standing Nashville-based giants like HCA Healthcare and Tractor Supply Co., both of which continue to grow their local footprint. This economic expansion has powered steady demand in the retail real estate sector. In just the past year, a wave of retailers — including Whataburger, In-N-Out Burger and 7-Eleven — have entered the Nashville market, underscoring its appeal to both national and regional brands. These additions further diversify a landscape already shaped …

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AcquisitionsMixed-UseOfficeRestaurantRetailSoutheastTennessee

JLL Negotiates $50M Sale of Mixed-Use Property in Nashville’s Music Row District

by John Nelson

NASHVILLE, TENN. — JLL Capital Markets has facilitated the $50 million sale of Edgehill Village, a 58,468-square-foot mixed-use property located in Nashville’s Music Row district. Originally built in 1920 and 1934 and renovated in 2016, the property comprises 2.4 acres of retail and office space. Tenants at the property include Van Leeuwen Ice Cream, Barcelona, Consider the Wldflwrs, Warby Parker and Vow’d. Brad Buchanan and Jim Hamilton of JLL’s Investment Sales and Advisory team represented the seller, Charlotte-based Asana Partners, in the transaction. The buyer was not disclosed.

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AcquisitionsMarylandOfficeSoutheast

Newmark Facilitates Sale of 132,207 SF Office Property in Suburban Baltimore

by John Nelson

HUNT VALLEY, MD. — Newmark has facilitated the sale of 40 Wight Avenue, a 132,207-square-foot office property located in Hunt Valley, roughly 18 miles north of Baltimore. Built in 2017, the five-story office tower is situated near Hunt Valley Towne Center and a light rail station. Amenities at the property include an outdoor patio area, ample natural lighting and dining and retail offerings. The office complex was 90 percent leased at the time of sale. Nicholas Signor, Cristopher Abramson and Ben McCarty of Newmark represented the seller, an undisclosed national REIT, in the transaction. The buyer was an affiliate of Minnesota-based Onward Investors. The sales price was not disclosed.

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Leasing ActivityMarylandOfficeSoutheast

DLT Solutions Renews 51,621 SF Office Lease at Dulles Corner in Bethesda, Maryland

by John Nelson

BETHESDA, MD. — DLT Solutions, a government technology solutions aggregator and subsidiary of Tech Data, has renewed its 51,621-square-foot office lease at 2411 Dulles Corner Park, an eight-story, 180,000-square-foot office building  in Bethesda, roughly six miles northwest of Washington, D.C. The building is situated within the larger Dulles Corner Park, a 620,000-square-foot, four-building mixed-use development. The Innovation Center Metro Station on the Silver Line transit serves office workers at 2411 Dulles Corner Park, which comprises a private fitness center, daycare center, conference facilities, onsite restaurants, as well as walking paths, water features, greenspaces and outdoor eating areas. Additional tenants include Peraton, SAP Natinoal Security Services, Mission Essential, Valiant Integrated Services, Synopsys and BlackSky DC. Finmarc Management Inc. owns Dulles Corner Park. DLT Solutions’ lease renewal marks the first transaction since Finmarc purchased the four-building office portfolio for $51 million.

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AcquisitionsLoansMultifamilySoutheastVirginia

Greysteel Brokers Sale of 173-Unit Sherwood Forest Apartments in Norfolk, Virginia

by John Nelson

NORFOLK, VA. — Greysteel has brokered the sale of Sherwood Forest, a 173-unit apartment community located at 2803 Early St. in Norfolk. Otto Snell of Greysteel represented the seller in the transaction. The buyer, seller and sales price were not disclosed. Jack Whitman of Greysteel arranged a $16 million acquisition loan through an undisclosed credit union that was underwritten with a fixed interest rate, 80 percent loan-to-value ratio, two years of interest-only payments and no prepayment penalty. The loan includes funds for property improvements at Sherwood Forest, which was originally delivered in 1965.

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AcquisitionsRetailSoutheastVirginia

SRS Arranges $6.8M Sale-Leaseback of Retail Property in Manassas, Virginia Leased to The Learning Experience

by John Nelson

MANASSAS, VA. — SRS Real Estate Partners has arranged the sale-leaseback of a single-tenant retail property located in Manassas, roughly 35 miles southwest of Washington, D.C., for $6.8 million. The Learning Experience, an early childhood education and childcare center, occupies the two-story, 11,150-square-foot property on a triple net lease basis. Originally built in 2023, the facility is operated by one of The Learning Experience’s largest franchisees. Situated at 10219 Dumfries Road, the property sits at the center of a retail corridor that includes a Walmart Supercenter, Harris Teeter, LA Fitness, Chick-fil-A, Raising Cane’s and Wawa convenience store. Andrew Fallon and Philip Wellde Jr. of SRS’ Washington, D.C. Capital Markets team represented the seller, an entity doing business as Ganges Manassas LLC, in the transaction. The 1031 exchange buyer was a Northern Virginia-based private investor. SRS has also listed a second site occupied by The Learning Experience in Northern Virginia for $7.6 million.

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The Village at Gainesville
AcquisitionsFloridaMultifamilySeniors HousingSoutheastTop Stories

SantaFe Healthcare Sells 100-Acre Senior Living Property in Gainesville, Florida

by Channing Hamilton

GAINESVILLE, FLA. — Continuum Advisors has arranged the sale of The Village at Gainesville, a 639-unit seniors housing community in Gainesville. SantaFe Healthcare Inc. sold the 100-acre asset to funds managed by Fortress Investment Group for an undisclosed price. The Village at Gainesville consists of nine residential buildings — six independent living, one assisted living and two memory care — and several community clubhouses with amenities. Eighty percent of the residences are dedicated to independent living. Continuum states that the property is considered one of the largest seniors housing rental communities in the United States. According to the property website, amenities include a fitness center with trainers, pool with a hot tub, tennis and pickleball courts, a reading room, hair salon, woodshop, housekeeping services and internet access.  The community also offers scheduled transportation throughout the grounds and off-campus. The property sits across from Santa Fe College, a two-year community college, and within five miles of the University of Florida. SantaFe Healthcare has owned and managed The Village at Gainesville for more than 30 years and has overseen three expansion projects at the community from 1986 through 2009. The locally based healthcare owner-operator injected capital expenditures of $3 million annually into the …

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