Friday, October 10, 2025
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DevelopmentLouisianaOfficeSoutheast

KDC Delivers $31M Operations Center in Ruston, Louisiana for JPMorgan Chase

by John Nelson

RUSTON, LA. — KDC has delivered a 50,000-square-foot call center and operations hub for JPMorgan Chase in Ruston, a north Louisiana city located about 68 miles east of Shreveport via I-20. The $31 million Chase Operations Center is an extension of an existing customer support center in Monroe, which is about 32 miles east of Ruston. Situated on 5 acres along Woodward Avenue, the facility opened with 50 employees and has the capacity to grow to 200. The design-build team includes architect HKS and general contractor Lincoln Builders Inc.

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DevelopmentFloridaMixed-UseSoutheastTop Stories

Partnership Proposes $2B City Park at West Kendall Mixed-Use Development in Miami

by Kristin Harlow

MIAMI — A partnership between The Easton Group, Lennar and MPKA LLC has proposed City Park at West Kendall, a $2 billion, 990-acre master-planned community in Miami. The development team has filed its application with Miami-Dade County. Plans call for 7,800 new homes in a variety of price points, including townhomes, multifamily units, single-family homes and workforce housing, as well as 1.4 million square feet of retail space and 500,000 square feet of office space. At the heart of the proposed project is Village Core, a walkable town center with shops, restaurants, entertainment, plazas and a boardwalk. With the development application filed, the next step involves collaborating with local neighbors, government officials and community stakeholders to fine-tune the plan, according to Bill Albers, partner with MPKA, which is a consultant to the homebuilding industry. City Park is expected to generate $2.4 billion in annual economic output for the county. The project is also estimated to create more than 19,000 construction jobs during build-out followed by more than 13,000 permanent jobs. By reducing the need for daily commutes to job centers like downtown, Brickell, Doral and Coral Gables, City Park will also help reverse traffic patterns and ease congestion that has …

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IndustrialLeasing ActivitySouth CarolinaSoutheast

JLL Arranges 477,360 SF Industrial Lease in Duncan, South Carolina

by John Nelson

DUNCAN, S.C. — JLL has arranged a 477,360-square-foot, full-building lease for an industrial facility located at 171 International Park Drive in Duncan. Built in 2023, the facility is situated within Crossroads Logistics Park, a three-warehouse development totaling more than 800,000 square feet in the Greenville-Spartanburg industrial market. The cross-dock warehouse features 36-foot clear heights, ESFR sprinklers, LED lighting, ample trailer and auto parking and more than 2,500 square feet of office space. Perry Major, Chuck Rosien and Joan McCarthy of JLL arranged the loan on behalf of the tenant, an undisclosed global manufacturer. NAI Commercial represented the landlord, metro Chicago-based Brennan Investment Group, in the transaction.

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AcquisitionsHospitalityLouisianaSoutheast

Cushman & Wakefield Brokers Sale of 93-Room Hotel Indigo in Downtown Baton Rouge

by John Nelson

BATON ROUGE, LA. — Cushman & Wakefield has brokered the sale of the seven-story, 93-room Hotel Indigo located at 200 Convention St. in downtown Baton Rouge. Jesse Lastofsky, David Greenberg, Gabriel Shamay, Chris Passeggiata, Rick Redmond, Ely Silverstein and Craig Hey of Cushman & Wakefield represented the seller, an entity doing business as Project King LLC, in the transaction. A&R Development Co. acquired the hotel for an undisclosed price. The Hotel Indigo spans 46,676 square feet and offers an onsite fitness center, full-service restaurant and bar, complimentary Wi-Fi and pet-friendly accommodations.

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DevelopmentIndustrialMarylandSoutheast

CREG, Sagard Underway on 170,000 SF Speculative Industrial Facility in Metro Baltimore

by John Nelson

HAVRE DE GRACE, MD. — Chesapeake Real Estate Group (CREG) and Sagard Real Estate are underway on a new speculative industrial facility located at 1621 Clark Road in Havre de Grace, a Baltimore suburb in Harford County. The co-developers have tapped the CBRE Baltimore office to market and lease the project, which is expected to deliver in March 2026. The facility will offer 36-foot clear heights, a 180-foot truck court, 37 dock-high loading positions, 51 trailer drops, 122 vehicle parking spaces and a 2,500-square-foot speculative office suite.

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AcquisitionsRetailSoutheastVirginia

Atlantic Capital Negotiates $12.1M Sale of Woodford Square Shopping Center in Chesapeake, Virginia

by John Nelson

CHESAPEAKE, VA. — Atlantic Capital Partners has negotiated the $12.1 million sale of Woodford Square, an 85,323-square-foot shopping center located in the Hampton Roads city of Chesapeake. Harbor Freights anchors the center, which was fully leased at the time of sale to tenants including Dollar General, Hair Cuttery, Roses Discount Store, Dragon China Restaurant and Med Emporium, among others. Fred Victor of Atlantic Capital represented the seller, New York-based Moxie Equities, in the transaction. The buyer was United Properties.

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Company NewsGeorgiaSoutheast

Colliers Savannah Office Expands Team With Four New Hires

by John Nelson

SAVANNAH, GA. — Colliers’ Savannah office has hired four new professionals: Craig White as director of property management, Ryan Bergman as brokerage associate, Matt Reynolds as research analyst and Sarah Cunningham as marketing coordinator. White will direct Colliers’ property management division, which now oversees 16.2 million square feet space across the region. He has over 30 years of property management experience. Bergman will help expand Colliers’ brokerage team; Reynolds will expand the research team, providing market analytics, quarterly reporting and custom client insights; and Cunningham will provide support across a range of initiatives, including property listings, social media, email campaigns and project coordination. “As the Savannah market continues to evolve, we are committed to staying ahead of our clients’ needs,” says Hilary Shipley, principal at Colliers’ Savannah office. “With these strategic additions, we’re not only expanding our capabilities but also reinforcing our position as the market leader in commercial real estate services.”

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FeaturesNorth CarolinaSoutheastSoutheast Feature Archive

North Carolina Allows Look-Back Property Tax Exemption for Religious Uses

by John Nelson

By Gib Laite, Esq. of Williams Mullen North Carolina has little sympathy for taxpayers that miss filing deadlines, but a new law eases the potential repercussions for property owners otherwise qualifying for religion-based tax exemptions. Under the new measure, taxpayers can apply for the religious exemption from property taxes going back five years from the law’s adoption date earlier this year. It will be interesting to see whether the General Assembly extends a similar grace period to other exemptions over time. Regardless, the new measure provides welcome relief to a segment of taxpayers and offers a possible model for lawmakers to adjust the regulation of other exemptions down the road, if they choose to do so. And for all taxpayers, the recent change provides a good opportunity to review how North Carolina grants and regulates property tax exemptions. Machinery of Taxation As a rule, North Carolina subjects all real and personal property to property tax unless the General Assembly or the state constitution exempts the property, or it falls into a special class of exempted property. Most exemptions are set out in the Machinery Act, a framework of tax rules within the North Carolina General Statutes. The Machinery Act allows …

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DevelopmentIndustrialNorth CarolinaSoutheast

Walmart to Invest $300M for Fulfillment Center in Suburban Charlotte

by Abby Cox

KINGS MOUNTAIN, N.C. — Walmart Inc. has announced plans to invest $300 million for a 1.2 million-square-foot fulfillment facility located in Kings Mountain, approximately 30 miles west of Charlotte. The project, which is expected to create more than 300 jobs, is scheduled to open in 2027. The fulfillment center will ship large items, such as patio furniture and lawnmowers, directly to customers. The Keith Corp. delivered the industrial building, dubbed Kings Mountain Corporate Center, in late 2023. The project will be facilitated by a Job Development Investment Grant (JDIG), which was awarded to Walmart Fulfillment Services LLC and approved by the state’s Economic Investment Committee. In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other partners in this project include the North Carolina General Assembly, the North Carolina Community College System, N.C. Commerce’s Division of Workforce Solutions, the City of Kings Mountain, Gaston County and the Gaston County Economic Development Commission.

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Red Bird Center
AcquisitionsFloridaRetailSoutheast

JLL Arranges $62.1M Sale of Red Bird Shopping Center in Miami

by Abby Cox

MIAMI — JLL Capital Markets has arranged the $62.1 million sale of Red Bird Center, a 92,089-square-foot retail center located at the intersection of Bird and Red roads in Miami. Milam’s Markets, a regional grocer based in South Florida, anchors the property, which was fully occupied at the time of sale. Additional tenants at the center include Walgreens, Orion Fuels and Ace Hardware. Danny Finkle, Jorge Portela and Kim Flores of JLL’s Investment Sales and Advisory team represented the seller, Red Bird Associates, in the transaction. The buyer was Charlotte-based Asana Partners.

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