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Southeast

HealthcareLeasing ActivitySouth CarolinaSoutheast

Trinity Partners Signs Prisma Healthcare to Full-Building Lease Renewal in Columbia, South Carolina

by John Nelson

COLUMBIA, S.C. — Trinity Partners has restructured and extended Prisma Healthcare’s lease at 8 Medical Park, a 96,190-square-foot medical office building in Columbia. The facility is situated on the Prisma Healthcare Richland Hospital campus. Prisma Healthcare fully occupies 8 Medical Park. Bruce Harper and Dail Longaker of Trinity represented the landlord in the lease negotiations. Greta Bostic and Seth Travis of Davis Moore Healthcare Practice Group represented the tenant. Ashley Owens of Trinity Partners is the medical office building’s property manager.

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DevelopmentGeorgiaRetailSoutheast

Lincoln Property Co. to Develop 43,700 SF Shopping Center in Alpharetta, Georgia

by John Nelson

ALPHARETTA, GA. — Lincoln Property Co. plans to develop The Shoppes at The Gathering, a new 43,700-square-foot retail center in Alpharetta, a northern suburb of Atlanta. The property will be located within The Gathering-Alpharetta, a new mixed-use development situated within a mile of downtown Alpharetta and Avalon. Site construction has begun and vertical construction is set to begin in the fall. Set for delivery in fall 2026, The Shoppes at The Gathering will include seven buildings ranging in size from 4,225 to 8,400 square feet that can accommodate single or multiple retailers. Franklin Street and Centennial are handling the retail center’s leasing assignment on behalf of Lincoln Property Co.

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Affordable HousingDevelopmentLoansMultifamilySoutheastVirginia

Fairstead Invests $10M for Renovation of Affordable Housing Community in Chesapeake, Virginia

by John Nelson

CHESAPEAKE, VA. — Fairstead has invested nearly $10 million for the renovation of Peaceful Village Apartments, a 65-unit affordable housing community located at 3000 Welcome Road in Chesapeake. Fairstead is partnering with the Chesapeake Redevelopment and Housing Authority, which manages the community, for the renovation through HUD’s Rental Assistance Demonstration (RAD) program. The overhaul will include new energy-efficient appliances, renovated kitchens, new exterior siding and the construction of a new community center. All renovations are expected to be complete by fall 2026. Built in 1995, Peaceful Village offers a mix of three- and four-bedroom townhomes reserved for households earning below $32,000 annually to $63,900 (60 percent of the area median income). Capital partners on the renovation include Berkadia, Freddie Mac, U.S. Bank and Woodforest Bank.

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AcquisitionsFloridaIndustrialOfficeSoutheast

Cushman & Wakefield Brokers $7.6M Sale of Flex Office Building in Miami

by John Nelson

MIAMI — Cushman & Wakefield has brokered the $7.6 million sale of the Avex Building, a 48,881-square-foot, multi-tenant flex office and warehouse building located at 6405 N.W. 36th St. in Miami. Miguel Alcivar, Scott O’Donnell, Greg Miller and Mike Ciadella of Cushman & Wakefield represented the seller, Taha Properties, in the transaction. Joseph Suarez of Trustpoint Realty LLC represented the buyer, Marrero Capital Investments.

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Ann Atkinson Regions Real Estate Capital Markets quote from article
Affordable HousingContent PartnerFeaturesLoansMidwestMultifamilyNortheastRegions Real Estate Capital MarketsSoutheastTexasWestern

Looking to Finance Your Multifamily Property? Compare Fannie Mae, Freddie Mac Small Balance Loan Options

by Sarah Daniels

By Ann Atkinson, Regions Real Estate Capital Markets Finance options for owner/operators of multifamily properties are consistently available via Fannie Mae and Freddie Mac. Both government-sponsored entities (GSEs), are governed by the Federal Housing Finance Agency (FHFA) and share a clear mission to support the health of the country’s housing market and its existing multifamily supply by providing financing options to borrowers. Loans Accessible for Affordable, Workforce Properties The support provided by both Fannie Mae and Freddie Mac to multifamily housing notably extends beyond market-rate rental properties, with both agencies dedicated to the availability of affordable and workforce housing units to low-income renters. Thus, Fannie Mae and Freddie Mac offer good loan options to consider for owner/operators active in these multifamily subsets. Let’s compare their offerings specific to small balance loans, as these are often the appropriate solutions for this range of multifamily properties. Both Fannie Mae and Freddie Mac programs offer financing for the acquisition or refinance of stabilized multifamily properties. The properties must include five or more residential units and be stabilized. The agencies define stabilized as 90 percent occupancy for 90 days.  In addition, both programs offer the following product features for small loans:     Let’s now …

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DevelopmentIndustrialSoutheastVirginia

PNK Group Breaks Ground on 846,000 SF Industrial Facility Near Richmond

by John Nelson

CHESTERFIELD COUNTY, VA. — PNK Group has broken ground on PNK Ashton Park, an 846,000-square-foot industrial facility situated on 86.6 acres in metro Richmond’s Chesterfield County. The facility is designed for flexible use by either a single tenant or multiple occupants. Details about the project’s construction timeline were not disclosed.

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FloridaLoansOfficeSoutheast

JLL Arranges $51.5M Refinancing for Dadeland Centre Office Buildings in Metro Miami

by John Nelson

DADELAND, FLA. — JLL has arranged $51.5 million for the refinancing of Dadeland Centre I and II, two office buildings within the Dadeland Centre complex in metro Miami. Paul Stasaitis led the JLL team in arranging the 10-year, fixed-rate loan through Goldman Sachs on behalf of the borrowers, The Green Cos. and an entity doing business as Dadeland Centre. Built in 2003 and 2008 by The Green Cos., the office properties span 242,598 square feet, with Dadeland Centre I rising 18 stories and Dadeland Centre II rising 15 stories. The office buildings are subject to long-term ground leases with Miami-Dade County and each include multiple levels of structured parking. The properties were 93 percent leased at the time of financing to tenants including Cole Scott & Kissane, Steel Group LLC and Field & Howell.

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AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Brokers $8.6M Sale of Retail Center in Miami’s Little Havana Neighborhood

by John Nelson

MIAMI — Marcus & Millichap has brokered the $8.6 million sale of Village Shoppes, a 26,648-square-foot retail center located in the Little Havana neighborhood of Miami. Situated at 503-533 SW 12th Ave., the center comprises two parcels with multiple stores, 30 parking spaces and more than 325 feet of retail frontage. The property also allows for 40,000 square feet of future development of up to eight stories, according to Marcus & Millichap. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap’s Miami office marketed the property on behalf of the undisclosed seller and procured the buyer, an entity doing business as CMC VS LLC, in the transaction.

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AcquisitionsRetailSoutheastVirginia

SRS Negotiates Two Sales of Retail Properties in Virginia Leased to Chase Bank

by John Nelson

MANASSAS AND HAMPTON, VA. — SRS Real Estate Partners has negotiated the ground-lease sales of two single-tenant retail properties in Virginia net-leased to Chase Bank. The assets include 9560 Liberia Ave. in Manassas and 1700 W. Mercury Blvd. in Hampton, which combined to sell for more than $8 million. Both buyers were based in California and purchased the bank branches in 1031 exchanges. Andrew Fallon, Patrick Nutt and William Wamble of SRS represented the seller in the Manassas deal, an investment firm based in New York. Matthew Mousavi, Patrick Luther and Fallon of SRS represented the seller in the Hampton transaction, a developer based in Dallas. SRS is currently marketing two more retail properties net-leased to Chase Bank in Rockville, Md., and Washington, D.C.

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DevelopmentLeasing ActivityNorth CarolinaOfficeRestaurantRetailSoutheast

Parkside, MDH Add Tenants at Oakhurst Commons Redevelopment Project in East Charlotte

by John Nelson

CHARLOTTE, N.C. — Co-owners Parkside Partners and MDH Partners have opened or signed a new round of office and retail tenants at Oakhurst Commons, a 10-acre mixed-use redevelopment underway in Charlotte’s Oakhurst neighborhood on the city’s east side. Thrift Commercial Real Estate Services is leading the leasing assignment for both the office and retail components at Oakhurst Commons. The new concepts joining include Brunches (opening in August), The Health Club (open), Ilios Crafted Greek (open), DreamMaker Bath & Kitchen (no opening date announced), Wildlands Engineering (no opening date announced), Switchyards (open), Made2Move (open) and Moodhouse (open).

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