FORT MEYERS, FLA. — Matthews has negotiated the $30 million sale of a seven-property flex industrial portfolio located along the I-75 corridor at 6150-6481 Metro Plex Drive in Fort Myers. Nick Watson, Jake Lurie and Aiden Hawkins of Matthews represented the undisclosed seller in the transaction. Matthews also sourced the buyer, which is an experienced operator that had pursued the portfolio prior to the seller’s decision to market the property. The flex industrial portfolio spans 218,000 square feet and includes 36 dock-high doors, nine drive-in doors and 19- to 26-foot clear heights.
ORLANDO, FLA. — VanTrust Real Estate has purchased 71.2 acres within Sunbridge Business Park in Orlando for the development of an industrial park dubbed SunPark Industrial. The buyer acquired the land from a joint venture between Land Reserve and Tavistock Development Co., the developers of the Sunbridge master-planned community and the Lake Nona master-planned development, which is also in Orlando. Phase I of SunPark Industrial will comprise three buildings totaling roughly 956,600 square feet. Construction is slated to begin in the third quarter, with delivery of the first two buildings anticipated for the third quarter of 2027. A future Phase II would encompass an additional 77 acres and could support roughly 1 million square feet of industrial development. Opened in 2020, Sunbridge is a 27,000-acre “naturehood” located across Orange and Osceola counties that features a mix of homes, 55+ active adult communities, schools, nature trails, cafés, employment centers and Sunbridge Business Park, which spans 700 acres.
GREENVILLE, S.C. — Ziff Real Estate Partners (ZRP), a retail investment firm based in Mount Pleasant, S.C., has sold Crosspointe Plaza, a 124,375-square-foot shopping center located in Greenville. Situated adjacent to the 1.2 million-square-foot Haywood Mall, Crosspointe Plaza is anchored by T.J. Maxx, DSW and Dollar Tree. Additional tenants at the property include 810 Billiards and Up 2 Us Furniture. ZRP originally acquired Crosspointe Plaza in 2022. Scott Israel of Colliers represented ZRP in the transaction. Atlanta-based RCG Ventures purchased the property for an undisclosed price.
DURHAM, N.C. — Drawbridge Realty has signed its third major tenant at Imperial Tower, a 259,000-square-foot office property in Durham. Regional law firm Robinson, Bradshaw & Hinson will consolidate two Raleigh-area locations to the office building and occupy the entire third floor (approximately 30,905 square feet). Greg Sanchez, Ryan Gaylord and Robin Anders of NAI Tri Properties represented Drawbridge in the lease negotiations, while Ben Litke of Cushman & Wakefield represented the tenant. Drawbridge and NAI Tri Properties have signed almost 165,000 square feet in leases at Imperial Tower in the past three months. In December, Aspida Financial Services signed a lease for three floors for its new headquarters, while earlier this month, Victra, the largest authorized Verizon Wireless retailer in the country, signed a lease for one-and-a-half floors. Imperial Tower is also undergoing a $10 million renovation that will include upgrades to the lobby and conference rooms. The renovation also features amenity upgrades, including a café/bakery/coffee shop, golf simulator, fitness center with locker room and shower facilities, tenant lounge and game room, wellness room, waterside patio, athletic fields and a pickleball/sports court.
ATLANTA — Commercial real estate firm CP Group has announced plans to reopen the 1.2 million-square-foot former CNN Center in downtown Atlanta this year. CP Group has repositioned the property as The Center (CTR), which is projected to open in May. The firm acquired the building from AT&T in 2021 and first announced the rebranding in 2024. CNN began moving back to its Turner Techwood campus in Midtown Atlanta in 2023. Changes at the development include a new, 12-concept dining space, dubbed CTR Food Works. Situated in the central atrium, the 24,000-square-foot CTR Food Works will be operated under Gansevoort Cos. and led by Robert Montwaid, who created Chattahoochee Food Works in Atlanta and Gansevoort Market in New York. Confirmed food-and-beverage concepts include La Tropical, Fuzzy’s, Patty & Frank’s, Mimi Taqueria, Flora D’Italia, Dessert Box and a full-service CTR bar. The restaurants and bar are expected to open in time for the FIFA World Cup, of which Atlanta is a host city. Restaurant anchor Mastro’s Ocean Club has also signed a lease at the property and will occupy an 8,200-square-foot, ground-floor space. Hines is representing CP Group in all retail leasing transactions and is advising on redevelopment strategy at the …
SUMMERVILLE, S.C. — CBRE has negotiated a 342,000-square-foot lease within Coastal Crossroads Industrial Park, a 180-acre industrial development in the Charleston suburb of Summerville. Mobix Fulfillment, a third-party logistics firm based in Utah, will occupy the building at 420 Strathmore Road. The lease represents the first closed transaction within Coastal Crossroads, according to CBRE. Bob Barrineau, Brendan Redeyoff and Tim Raber of CBRE represented the landlord, Citimark Pure Charleston, in the lease negotiations. Ryan Young of Cushman & Wakefield represented Mobix. Remaining availability at Coastal Crossroads includes two existing spaces spanning 208,000 and 500,000 square feet, along with two build-to-suit sites ranging from 200,000 to 1.2 million square feet.
CHARLESTON, S.C. — Cushman & Wakefield has arranged a $28.7 million construction loan for PADS 216, an apartment development underway at 216 Spring St. in Charleston’s Upper Peninsula. Kristian Brown of Cushman & Wakefield arranged the financing through RMWC via a debt fund execution on behalf of the borrowers, Orange Properties, Ivy Capital and Crown Global Investments. Situated near The Medical University of South Carolina (MUSC), PADS 216 will feature a variety of floorplans and high-end amenities. The construction timeline was not released.
LAKELAND, TENN. — Trilogy Investment Co. has closed on the purchase of Willows Townhomes, a 109-unit build-to-rent (BTR) residential community planned at 9942 Geneva St. in Lakeland. The Alpharetta, Ga.-based investment firm has rebranded the property as REV3 at Garner Lake. The land seller and sales price were not disclosed. Trilogy plans to break ground on REV3 at Garner Lake this month and deliver the first tranche of homes by the end of the year. All units will feature attached garages and come in three- and four-bedroom configurations ranging in size from 1,657 to 1,866 square feet. Builders Capital is serving as Trilogy’s joint venture partner and equity capital provider for the project. REV3 at Garner Lake is situated within Lake District, a 160-acre master-planned redevelopment of the former Belz Factory Outlet Mall in metro Memphis.
TAMPA, FLA. — JLL has secured a $19 million mezzanine loan for the construction of River Vista, a 268-unit workforce housing development located at 4504 Clewis Ave. in Tampa. Brian Gaswirth and Michael Romero of JLL arranged the financing through a credit venture of Crow Holdings Capital on behalf of the borrower, Vista Residential Partners. River Vista will offer a mix of one-, two- and three-bedroom apartments averaging 989 square feet in size. Amenities will include nature trails, overlooks of the Hillsborough River, multiple club rooms, coworking spaces, a fitness center, pet spa and a dog park. The construction timeline and additional financing details were not disclosed.
DAVIE, FLA. — El-Ad National Properties has topped off construction of The District in Davie, a $1 billion mixed-use project located about 24 miles north of Miami. The topping off marks the structural completion of Phase I, including the entry promenade and service access roadways, of the 2.8 million-square-foot development. Phase I is anticipated for completion in early 2027. When fully built out across three phases, The District in Davie will feature five residential towers ranging from 21 to 24 stories with 1,292 rental units, 36,000 square feet of restaurant and retail space and 1.1 million square feet of access-controlled parking with 2,650 spaces. Each tower will offer studio, one-, two- and three-bedroom units that will range in size from 589 to 1,460 square feet. Residences will feature high-speed internet, smart thermostats and keyless entry, as well as private terraces on each floor. Amenities will include rooftop pools, coworking spaces, pet parks, children’s play suites, 24-hour fitness and spa treatment rooms, outdoor kitchens, game lounges and a reservable sky lounge for indoor and outdoor entertaining. Atlanta-based architecture firm Cooper Carry is designing the project. Promethean Builders LLC is serving as general contractor. Situated in central Broward County, Davie is one …