CASSELBERRY, FLA. — CBRE has brokered the sale of Casselberry Square, a 96,946-square-foot shopping center located at the intersection of State Road 436 and Red Bug Lake Road in Casselberry, a suburb of Orlando. The property was fully leased at the time of sale to tenants including Ollie’s Bargain Outlet, Pet Supermarket and Dollar General. Dennis Carson, Casey Rosen, Dan Baker and Michael Etemad of CBRE represented the seller in the transaction, which included two vacant outparcels. Daryl Carter and Emily Brown of Maury L Carter & Associates co-represented the seller. The buyer was an affiliate of Present Equity, a value-add retail and industrial investment firm based in Aventura, Fla.
NASHVILLE, TENN. — Carmichael Capital LLC, a locally based real estate investment firm founded by Taylor Camp, has acquired The Mill, a 22,802-square-foot adaptive reuse retail property located at 515 Merritt Ave. in Nashville’s Wedgewood-Houston neighborhood. SomeraRoad, an active mixed-use development firm in the Nashville market, sold the property for an undisclosed price. The Mill’s tenant roster comprises retail and restaurant concepts including Indochino, Hermitage Kitchen Gallery, Gordo’s Taqueria and BC Block Fitness. Kipper Worthington of Cushman & Wakefield handles the leasing assignment at The Mill, which is the second acquisition in the Wedgewood-Houston neighborhood for Carmichael Capital.
RICHMOND, VA. — A joint venture between Lingerfelt and Partners Group has sold a nearly 1.2 million-square-foot industrial portfolio in metro Richmond for $175 million. JLL represented the joint venture in the transaction. The buyer was not disclosed. The portfolio includes three buildings within Walthall Distribution Center in South Chesterfield, Va., and one building within Northlake Distribution Center in Ashland, Va. Lingerfelt and Partners Group acquired the portfolio in March 2023 for $105.6 million, with Partners Group as the majority investor in the joint venture. The partnership invested $9 million in capital improvements into the portfolio and executed 875,000 square feet of new leases and lease renewals during its ownership period. Range Commercial Partners previously handled property management and leasing for the portfolio, which was fully leased at the time of sale.
FAIRBURN, GA. — Vida Cos. has begun construction on Verona, a 280-unit apartment community located at the corner of Landrum and Senoia roads in Fairburn, about 20 miles southwest of Atlanta. The garden-style property will offer one-, two- and three-bedroom apartments, all with private balconies. Amenities will include a courtyard with a saltwater swimming pool and grilling stations, a fitness center, clubhouse, coworking lounge and a dog park. The property will also feature a 1,500-square-foot coffee shop open to the public and 5,500 square feet of ground-level retail space. Vida plans to deliver Verona in fall 2027. The developer also recently closed on construction financing from Parse Capital and a 10-year tax incentive from Develop Fulton, an economic development authority for Fulton County. The design-build team includes Buckhaven Construction Services (general contractor), Dwell Design Studio (architect), Crosby Design Group (interior designer), Gaskins + LeCraw (civil engineer) and B+C Studio (landscape architect).
WASHINGTON, D.C. — The NRP Group and housing nonprofit Marshall Heights Community Development Organization (MHCDO) have broken ground on The Waymark, a 109-unit mixed-income housing community located at 4435 Benning Road NE in Washington, D.C. Situated in the city’s Ward 7 near the Benning Road Metro station, the nine-story property will feature studio, one-, two- and three-bedroom units reserved for families and individuals earning up to 30, 50 and 80 percent of the area median income (AMI), with 22 units reserved as permanent housing for individuals at risk of homelessness. Future residents will be one Metro stop away from RFK Stadium, the future home of the Washington Commanders NFL team. Amenities at The Waymark will feature a multi-use space on the first floor, a fitness center and onsite resident programs, including financial literacy workshops and job readiness training. Financial partners include DC Department of Housing and Community Development (DHCD), which provided debt; the DC Housing Finance Agency (DCHFA), serving as the bond issuer; and DC Green Bank, supporting sustainable development initiatives. Private sector partners include KeyBank Real Estate Capital as the lender and U.S. Bank as the tax credit investor. NRP Group and MHCDO plan to deliver the community by the …
VIRGINIA BEACH, VA. — An entity doing business as BIVI/Padel has acquired the former Beach Cinema Alehouse, a dine-in movie theater located at 941 Laskin Road in Virginia Beach, for $6.3 million. The buyers — a partnership between Jason Vickers-Smith and Ahmad Butt — plan to transform the property into an indoor padel facility, dubbed the Padel Foundry. The venue is targeted to open in early 2027. Gerald Divaris and Sezin Cortinas of Divaris Real Estate represented the seller, while Levi Thomson, also with Divaris Real Estate, represented the buyer.
MIAMI — Los Angeles-based CIM Group, through its CIM Real Estate Debt Solutions business, has provided a $154 million loan for the refinancing of 2 and 3 MiamiCentral, two adjacent office towers in downtown Miami. Eastdil Secured arranged the financing on behalf of the borrower, Blackstone, which acquired the office towers in 2021. Built in 2018, 2 and 3 MiamiCentral span 17 and 12 stories, respectively, and total approximately 339,000 square feet of commercial space, including a Publix grocery store. Amenities include wellness and fitness facilities, an outdoor roof deck, private work lounges and conferencing space, concierge services, valet parking and secure access to 1,357 structured parking spaces. In addition to owning 2 and 3 MiamiCentral, Blackstone is also an office tenant. The towers anchor MiamiCentral, a mixed-use development adjacent to the MiamiCentral Station transit hub that includes more than 800 luxury residential units, an 18,000-square-foot food hall, a Starbucks and Chick-fil-A.
SAVANNAH, GA. — Affinius Capital has originated a $70.2 million loan for the refinancing of Terminal East, a two-building industrial property in north Savannah spanning 915,000 square feet. John Rose and Bobby Norwood of JLL arranged the loan on behalf of the borrower, a fund advised by Crow Holdings Capital. Additional terms of the financing were not released. Situated near the Port of Savannah and the I-95/I-16 corridor, Terminal East comprises a 180,000-square-foot facility with 32-foot clear heights and a 735,000-square-foot facility with 36-foot clear heights. Combined the buildings feature 231 trailer stalls and 198 dock-high doors.
TAMPA, FLA. — A public-private partnership between RISE and the University of Tampa is set to break ground on an 833-bed residence hall project located at the corner of South Boulevard and Cleveland Street in Tampa. RISE will finance and construct the building, which is scheduled for completion in fall 2028. The university will own and operate the residence hall, with RISE managing building maintenance and custodial services. The development team includes Niles Bolton Associates and Juneau Construction. The 11-story community is designed for first- and second-year students and will offer suite-style units with shared living spaces. Amenities will include study lounges, two common rooms, dining facilities, bicycle storage and surface-level parking. The project will also include improvements to the surrounding infrastructure, such as enhanced pedestrian and cyclist pathways along South Boulevard and an upgraded Hillsborough Transit Authority (HART) bus shelter at Cleveland Street and Fielding Avenue.
CHARLOTTE, N.C. — Sumitomo Mitsui Banking Corp. (SMBC Group), one of Japan’s largest financial institutions, has announced it is bringing approximately 2,000 new jobs to Charlotte. The Tokyo-based banking firm is investing $50.5 million over the next six years to establish its second North American headquarters, according to the office of North Carolina Gov. Josh Stein. The governor and North Carolina economic development officials met with SMBC leadership at a Tokyo conference in fall 2025 as part of the deal. Specific details of the new hub were not disclosed, but Charlotte Business Journal reports that SMBC Group will occupy more than 200,000 square feet of office space at 301 South College, a 42-story tower in the city’s Uptown district formerly known as One Wells Fargo Center. The outlet reports that SMBC will sublease space that Wells Fargo vacated in 2024.