Southeast

Feil Organization Signs Law Firm to Two Office Leases in Metairie, Louisiana Totaling 11,158 SF

by John Nelson October 18, 2023

METAIRIE, LA. — The Feil Organization has signed personal injury law firm Morris Bart to two leases in the New Orleans suburb of Metairie totaling 11,158 square feet. The tenant will occupy 2,248 square feet on the first floor of Oakwood Corporate Center, as well as 1,644 square feet on the first floor of Three Lakeway and another 7,266 square feet on the building’s 24th floor. Barry Spizer of SRSA Real Estate represented the tenant in both lease deals. Meghan Reed of Property One represented Feil Organization in the Oakwood Corporate Center lease, and Bruce Sossaman of Corporate Realty represented the landlord in the Three Lakeway lease. Morris Bart employs more than 100 attorneys and more than 150 legal professionals across 15 offices in Louisiana, Mississippi, Alabama and Arkansas.

October 18, 2023

Alabama Leasing Activity Restaurant Retail Southeast

Voodoo Brewing to Open Brewery at Eastern Shore Centre in Spanish Fort, Alabama

by John Nelson October 18, 2023

SPANISH FORT, ALA. — Voodoo Brewing Co., an independent brewer based in Meadville, Pa., has signed a lease to join the tenant roster at Eastern Shore Centre, a 560,350-square-foot regional shopping center located at 30500 Highway 181 in Spanish Fort. Joseph AmecAngelo and Patti AmecAngelo of CBRE’s New Jersey office represented Voodoo Brewing in the lease deal. Shannon Tyndall of CBRE’s Birmingham office represented both the tenant and the undisclosed landlord. Situated about nine miles east of Mobile, Ala., Eastern Shore Centre’s tenant roster includes Belk, Dillards and Mountain High Outfitters. The new 5,035-square-foot brewery will be Voodoo’s first in Alabama. The company operates 12 breweries in six states that include both corporate and franchised locations. Voodoo Brewing plans to open more in the coming years in Pennsylvania, South Carolina, Texas and Nevada as part of its U.S. expansion plan announced in early 2022.

October 18, 2023

Development District of Columbia Hospitality Mixed-Use Office Southeast

The RMR Group Completes Redevelopment of 20 Mass Mixed-Use Building in D.C.

by John Nelson October 17, 2023

WASHINGTON, D.C. — The RMR Group has completed the redevelopment of 20 Mass, a mixed-use building located at 20 Massachusetts Ave. in Washington, D.C. Office Properties Income Trust, an affiliate REIT of RMR Group, owns 20 Mass. The former government office building now houses the 274-room Royal Sonesta Washington, D.C. Capitol Hill hotel, which includes the new 200-seat French restaurant Bistro Du Jour; 183,000 square feet of upper-level office space; a 14,500-square-foot penthouse amenity space; and 13,800 square feet of retail space. The LEED Gold-certified property also features a new glass curtain wall façade and a 10-story atrium. The design-build team includes general contractor DPR Construction and architect Leo A. Daly. CBRE is the exclusive office leasing broker at 20 Mass, and JLL is responsible for retail leasing.

October 17, 2023

Development Georgia Multifamily Southeast

StreetLights Residential, PGIM Welcome First Residents at Hadley Apartments in Midtown Atlanta

by John Nelson October 17, 2023

ATLANTA — A joint venture between StreetLights Residential and PGIM Real Estate has welcomed first move-ins at The Hadley, a 300-unit luxury apartment community located at 5th and Juniper streets in Midtown Atlanta. The ownership plans to fully complete the property this fall. Situated near Tech Square and two MARTA stations, The Hadley offers studio, one-, two- and three-bedroom floor plans ranging in size from 511 to 1,713 square feet. Monthly rental rates range from $1,871 to $6,106, according to Apartments.com. Interiors include Latch Smart Home keyless entry, built-in Sonos speakers and Nest thermostats. Amenities include a private bar and lounge on the eighth floor, pool, coworking space, ground-level bar, fitness center, pet spa, covered dog park, coffee bar and a gated parking garage. StreetLights Creative Studio served as the architect and interior designer for The Hadley.

October 17, 2023

Build-to-Rent Development Multifamily Single-Family Rental South Carolina Southeast

TruAmerica Multifamily Plans $86M Build-to-Rent Residential Project Near Spartanburg, South Carolina

by John Nelson October 17, 2023

INMAN, S.C. — TruAmerica Multifamily has purchased a 33-acre site in the Spartanburg suburb of Inman for the development of Hartley View, an $86 million build-to-rent (BTR) residential community. The project will include 281 rental homes, including a mix of 214 townhomes, as well as 67 detached single-family residences. Layouts will range from 1,260 square feet to 2,200 square feet. Amenities will include a pool, dog parks, playgrounds, community parks and four acres of open wooded and recreation spaces. Hartley View represents TruAmerica’s first BTR community. The developer plans to begin horizontal construction at the site in summer 2024 and begin vertical construction in December 2024. Delivery of the first homes is scheduled for summer 2025. Brad Morris of New Deco Inc. represented the seller, Converse Development, in the land sale.

October 17, 2023

Acquisitions Georgia Retail Southeast

JLL Brokers Sale of 102,864 SF Kroger-Anchored Shopping Center in Atlanta’s Buckhead District

by John Nelson October 17, 2023

ATLANTA — JLL has brokered the sale of Marketplace at Buckhead, a 102,864-square-foot shopping center located at 3871-3895 Peachtree Road NE in Atlanta’s Buckhead district. Sterling Organization purchased the property for an undisclosed price. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the undisclosed seller in the transaction. Marketplace at Buckhead, formerly known as Cherokee Plaza, was built in 1958 and renovated in 1997 and 2013. In addition to Kroger, the center’s tenant roster includes Willy’s Mexicana Grill, Jersey Mike’s Subs and Salon Lofts. The property’s historical occupancy has been 100 percent for over a decade, according to JLL.

October 17, 2023

Acquisitions Industrial North Carolina Southeast

Trinity Capital Advisors Sells 224,979 SF Industrial Facility in Huntersville, North Carolina to Clarion Partners

by John Nelson October 17, 2023

HUNTERSVILLE, N.C. — Trinity Capital Advisors has sold Interchange Logistics, a 224,979-square-foot industrial facility located in Huntersville, a city in Charlotte’s metro area. Clarion Partners purchased the asset from Trinity Capital for an undisclosed price. Orbus Holdings, operating as SEG Systems, signed a lease to fully occupy the facility in January while it was still under construction. Located at Hambright and Mt. Holly Huntersville roads, Interchange Logistics features 36-foot clear heights and 54 dock doors. The project team includes general contractor Edifice and architect Merriman Schmitt Architects. Trinity Capital broke ground on the development in February 2022.

October 17, 2023

Matt Mrva Pharmaceutical Manufacturing Site Selection Quote

Bohler Content Partner Development Features Industrial Life Sciences Midwest Northeast Office Southeast Texas Western

Site Design Science: How Understanding Operations Draws Pharmaceutical Manufacturers

by Sarah Daniels October 17, 2023

Pharmaceutical companies have captured the interest of many developers and with good reason. Softening demand for traditional office space has planners looking for alternative uses to fill out business parks and multiuse developments, and drug makers represent a promising source of highly valuable occupancy. Speculative construction that accelerated during the pandemic has given pharmaceutical manufacturers plenty of options and enabled them to be choosy in site selection. However, to compete for end users, developers must ensure their properties offer the features and amenities drug makers seek, says Matt Mrva, northeast director of planning and landscape architecture at Bohler, a land development consulting and site design firm. “Simply adding a life sciences label on conventional flex space is unlikely to lure pharma companies. Research, lab and pharmaceutical manufacturing facilities often require specialized infrastructure and site layouts,” Mrva says. “Even if a property is zoned to allow for life sciences, design and development teams need to understand the proposed operations in order to optimize the facility.” Unique Facility Requirements Depending on anticipated needs, tenants may require advanced climate control and ventilation, redundant electrical feeds, high-volume water and sewer service, on-site wastewater pretreatment, backup power generation, reinforced floors to handle the weight of …

October 17, 2023

Development Florida Retail Southeast

Ferber Underway on 29-Acre Target-Anchored Retail Center in Lecanto, Florida

by John Nelson October 16, 2023

LECANTO, FLA. — The Ferber Co. is underway on the development of a 29-acre retail center in Lecanto, about 75 miles north of Tampa. Site work for the property, dubbed The Shoppes at Black Diamond, began in October 2022. Building construction is scheduled to commence over the coming weeks, with openings expected to begin in early 2024. Tenants at the center will include Target Supercenter, Aldi, Starbucks Coffee, 7-Eleven, Panera Bread and Texas Roadhouse.

October 16, 2023

Development Leasing Activity Mixed-Use North Carolina Restaurant Retail Southeast

MPV Opens Chick-fil-A, Plans New Construction at Farmington Development in Metro Charlotte

by John Nelson October 16, 2023

CHARLOTTE AND HARRISBURG, N.C. — MPV Properties has announced the addition of new tenants and buildings underway at Farmington, the developer’s master-planned community located in Charlotte and Harrisburg. Chick-fil-A opened at the property in May, and Famous Toastery is planning to open in the second half of 2024 within an outparcel behind the development’s Shop Building I. H.T. Fuel will also open on an outparcel, with construction scheduled to begin directly behind Chick-fil-A in the coming months. Construction is also scheduled to begin on Small Shops II, an 11,865-square-foot retail building. MPV is in negotiations with two tenants to fully occupy the building. The developer has also announced plans for three additional commercial buildings totaling 27,000 square feet, with development expected to begin in early 2024. Additionally, Woodfield Development is nearing completion of The Stead at Farmington, a 275-unit apartment community within Farmington. Upon completion, Farmington, which will also feature for-sale residences, will comprise 600 homes and 275,000 square feet of retail space.

October 16, 2023

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