AUGUSTA, GA. — GF Casting Solutions AG, a manufacturer of lightweight metal components for the transportation and energy industries, has selected Augusta as the site for a new plant. The company, a division of Swiss company Georg Fischer AG, will invest more than $184 million into the new facility. GF Casting’s LEED-certified facility will be situated within Augusta Corporate Park, a Georgia Ready for Accelerated Development site, and will produce cast-aluminum parts for the automotive industry. Operations are expected to begin in 2027 and create 350 new jobs for Richmond County. Civic and utility partners on the project include Georgia Power, the Georgia Department of Economic Development Global Commerce, Augusta Economic Development Authority, State of Georgia Europe Office and Georgia Quick Start.
CHARLOTTE, N.C. — Alliance Residential Co. has opened Prose McCullough Station, a 279-unit apartment community located at 8424 N. Tyron St. in Charlotte’s University City neighborhood. The property is the second Prose-branded community to open in Charlotte and the third in North Carolina. Designed by architect Cline Design, Prose McCullough Station features one-bedroom layouts ranging in size from 663 to 854 square feet and two-bedroom layouts ranging from 950 to 1,206 square feet. Monthly rental rates start at $1,275, according to the property website. Amenities include a business center with private offices, fitness center featuring cardio and strength-training equipment, resident clubroom with an entertainment kitchen and an outdoor courtyard featuring a resort-style pool, grilling stations and a cabana with a TV and lounge seating. The community also features package lockers and a fenced pet park.
MARTINSBURG, W.VA. — Berkadia has brokered the sale of The Meadows at Berkeley Ridge, a newly constructed build-to-rent (BTR) residential community located at 368 Pineda Lane in Martinsburg. The 148-unit townhome property serves as the first BTR development in the market, according to Berkadia. The Meadows at Berkeley Ridge was built in 2023 and features three-story townhomes with three- and four-bedroom floor plans averaging 1,912 square feet in size. Each unit features private two-car driveways and attached car garages. Brett Moss, Tyler Swidler, Drew White, Carter Wood and Cole Carns of Berkadia brokered the sale. The sales price and seller were not disclosed. Phil Branigan, Miles Drinkwalter and Natalie Revers of Berkadia originated a 10-year, fixed-rate Fannie Mae acquisition loan on behalf of the buyer, a joint venture between Virginia-based DSP Real Estate Capital and Virginia-based Rockbridge Investment Group.
POMPANO BEACH, FLA. — Cushman & Wakefield has arranged the $20.7 million sale of a 93,873-square-foot industrial facility in Pompano Beach, a city in South Florida’s Broward County. The property is fully leased to The Shade Store, a retailer with 145 showrooms across the country. The tenant utilizes the space for manufacturing window treatments, distribution and housing its logistics department. Link Logistics purchased the industrial facility from Elion Partners. Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge and Rick Colon of Cushman & Wakefield represented the seller in the transaction. Matthew McAllister, Christopher Thomson, Christopher Metzger and Rick Etner of Cushman & Wakefield’s South Florida Industrial Team also supported the sale process and will represent the buyer in leasing efforts for the facility. The property is located within Gateway Industrial Park at 3141 S.W. 10th St., about 10 miles north of Fort Lauderdale via I-95. The facility, which was originally constructed as a build-to-suit for Bennett Auto Supply in 2001, features 24-foot clear heights, eight dock-high loading positions, two drive-in bays with ramps and an ESFR sprinkler system. The seller and The Shade Store made significant capital improvements to the facility prior to sale.
WILMINGTON, N.C. — APG Capital has sold a 93,508-square-foot industrial building located at 3881 U.S. Highway 421 N in Wilmington. Fayetteville, N.C.-based Robeson Street Properties LLC purchased the asset for $11.9 million. Ferguson Enterprises, a wholesaler of plumbing and HVAC products, has fully occupied the facility since 2009 and recently signed a lease extension through 2033. The sale also included a five-acre lot 3901 U.S. Highway 421 N, which has the potential for development of a 30,000-square-foot building. Both parcels combined for over 14 acres, including a 2.3-acre lay yard. An affiliate of APG Capital originally acquired the property in 2013 for $5.6 million and has conducted over $2.7 million worth of building renovations during its ownership. Don Hyneman of APG Capital oversaw a 25,000-square-foot expansion of the building in 2023. David Divine and Daniel Walser represented the seller on an internal basis in the transaction, and Coastal Legacy Real Estate represented the buyer.
TAMPA, FLA. — ZOM Living and capital partner MetLife Investment Management have obtained $63 million in construction financing for MetWest Residential, an eight-story, 375-unit apartment development in Tampa’s Westshore District. The direct lender was not disclosed, but public records show the lender is TD Bank. The property will be situated on a northwest parcel within the 30-acre MetWest International mixed-use development, which features 1 million square feet of offices, a 175-room AC Hotel by Marriott and a 56,000-square-foot retail village. Designed by Memphis-based Looney Ricks Kiss, MetWest Residential will feature a mix of studio, one-, two- and three-bedroom apartments ranging in size from 576 to 1,601 square feet. Amenities will include an elevated resort-style pool with an outdoor deck and aqua lounge; a courtyard with a canopy and fire pit; fitness center; coworking and conference spaces for residents working from home; a dog park; speakeasy lounge concept on the eighth floor; 3,000 square feet of retail space; and a six-story parking garage. ZOM Living and MetLife Investment Management plan to deliver the property in summer 2026.
COLUMBIA, S.C. — Walker & Dunlop has arranged $62 million in debt and equity financing for the construction of Burnside Farms Apartments, a new 308-unit multifamily development in Columbia. The borrowers, South Coast Property Investments and Abacus Capital, plan to break ground in June. Jamie Butler, Cliff Ayers, Michael Bowles and Jason McFadden of Walker & Dunlop arranged the non-recourse financing on behalf of the borrowers. The apartment community will feature a mix of market-rate and affordable housing units. The property will be situated at the intersection of Cliff Kinder and Pineview roads within the larger Burnside Farms master-planned community.
ATLANTA — SHR Resi, a wholly owned subsidiary of local development firm Songy Highroads, has delivered The Howell, a 212-unit luxury apartment community in Atlanta’s Upper Westside neighborhood. Situated off the I-75 exit along Howell Mill Road, The Howell features a mix of one-, two- and three-bedroom apartments with 9- to 12-foot ceilings and open floor plans. Monthly rental rates start at $1,890, according to Apartments.com. Amenities include an open-air lounge on the seventh floor, 3,500 square feet of ground-level retail space, coworking space, a resort-style pool and pool deck, clubhouse, pet run and pet spa, fitness center and a gated and covered parking garage. Gables Residential is managing The Howell on behalf of SHR Resi.
CONWAY, ARK. — Ti Cold plans to develop a build-to-suit cold storage facility in Conway for Central Cold Solutions. The 125,000-square-foot property will feature 50-foot clear heights, structural steel pallet racks and the ability to regulate temperatures ranging from 40 to minus-20 degrees Fahrenheit. Central Cold Solutions aims to support food wholesalers, retailer and food manufacturing customers in Central Arkansas through this facility. The construction timeline for the project was not disclosed. Brad Lacy of the Conway Area Chamber of Commerce assisted in the site selection.
AUBURN, ALA. — Muinzer, alongside capital partner T2 Capital Management, has acquired Evergreen Auburn, a 486-bed student housing community located near Auburn University in Alabama. The property was recently renovated and offers units in one-, two- and four-bedroom configurations. Shared amenities include a 24-hour fitness center, swimming pool, computer lounge, clubhouse, dog park, hot tub, fire pit and a coffee bar. The student housing community is 88 percent preleased for the 2024-2025 academic year. Terms of the transaction and the seller were not disclosed.