Southeast

SPG Breaks Ground on 360-Unit Multifamily Community in Metro Charlotte

by Hayden Spiess August 25, 2023

MONROE, N.C. — Signature Property Group (SPG) has broken ground Elevate Rocky River, a 360-unit multifamily community in Monroe, roughly 30 miles outside of Charlotte. The community will be part of Rocky River Crossing, a mixed-use development that will feature self-storage space and a hotel. Amenities at Elevate Rocky River will include a clubhouse with a fitness center, game room, private work pods and a complimentary coffee bar, as well as a swimming pool, fire pits, grilling areas, an off-leash dog park and electric vehicle charging stations. SPG expects first units to deliver for occupancy in fall 2024.

August 25, 2023

Acquisitions Georgia Hospitality Southeast

Waramaug Hospitality Buys 222-Room Atlanta Marriott Peachtree Corners Hotel

by John Nelson August 25, 2023

PEACHTREE CORNERS, GA. — Waramaug Hospitality has acquired Atlanta Marriott Peachtree Corners, a 222-room hotel located at 475 Technology Parkway in Peachtree Corners. The seller and sales price were not disclosed. Situated within the 500-acre Technology Park, the hotel features a fitness center, indoor pool and an outdoor fire pit seating area, as well as more than 5,000 square feet of meeting space across nine rooms. Waramaug Hospitality has selected Aimbridge Hospitality to manage the hotel, which underwent a multimillion-dollar renovation in 2018, according to multiple media outlets.

August 25, 2023

Acquisitions Florida Multifamily Southeast

American Landmark Purchases 322-Unit Wimberly at Deerwood Apartments in Jacksonville

by Hayden Spiess August 25, 2023

JACKSONVILLE, FLA. — American Landmark Apartments has acquired The Wimberly at Deerwood, a 322-unit multifamily community located at 9727 Touchton Road in Jacksonville. Built in 2000 and now dubbed The Drake at Deerwood, the property features residences in one-, two- and three-bedroom layouts ranging from 659 to 1,300 square feet. Amenities at the community include a pool and sundeck, outdoor kitchen and barbecue grills, a volleyball court, two dog parks, garages and boat parking available for rent and a clubhouse with a resident lounge, media room, billiards lounge, game room and fitness studio. American Landmark plans to upgrade the clubhouse, fitness center, pool, outdoor kitchen, roofs, landscaping and exterior paint, as well as add electric vehicle charging stations, package lockers and a new camera system. The seller and sales price were not disclosed.

August 25, 2023

Acquisitions Georgia Industrial Southeast

Ackerman & Co. Acquires 395,269 SF Industrial Property in Atlanta

by Hayden Spiess August 25, 2023

ATLANTA — Ackerman & Co. has completed the acquisition of a 395,269-square-foot industrial property adjacent to Hartsfield-Jackson Atlanta International Airport. Situated at 4099 Old Dixie Highway in Atlanta, the property comprises two distribution facilities within the three-building Henry Ford Distribution Center. Building 1 totals 165,365 square feet, and Building 2 spans 229,904 square feet. Tenants at the facilities, which were fully leased at the time of sale, include Delta Air Lines, Morrison Express, Aviation Inflatables, Restoration Sleep, Tara Plastics and Mile Marker Logistics. The seller and sales price were not disclosed.

August 25, 2023

Development Florida Industrial Property Type Southeast

Miller Construction Underway on 80,000 SF Warehouse in Orlando

by Hayden Spiess August 25, 2023

ORLANDO, FLA. — Miller Construction is underway on the site work for an 80,000-square-foot warehouse at 2140 N. John Young Parkway in Orlando. Miller is completing the $8.3 million project on behalf of MSI, a California-based flooring, countertop, wall, tile and hardscaping supplier that will utilize the property for the company’s storage and distribution needs in the Southeast. Upon completion, which is scheduled for the first half of 2024, the warehouse will feature 25 columns with 50-foot by 54-foot spacing, 29 parking spots, 13 dock doors, full warehouse lighting, exhaust fans and louvers. Additionally, the facility will include four private offices and one 9,500-square-foot open office space. The project team includes Elven18 Architecture, Construction Engineering Group, Gutherman Structural Inc. and NV5.

August 25, 2023

Development Mixed-Use Restaurant South Carolina Southeast Student Housing

University of South Carolina, Greystar Open $240M Campus Village Student Housing Project in Columbia

by John Nelson August 24, 2023

COLUMBIA, S.C. — A public-private partnership between the University of South Carolina and Greystar has opened Campus Village, a $240 million residence hall development. Construction on the project, which includes four buildings offering 1,800 beds, began in May 2019. Each six-story building is connected by pedestrian promenades that run alongside green space, courtyards and a clock tower. Beds are offered in pod-style units alongside shared amenities including study and classroom spaces and community kitchens. Campus Village also features a 14,000-square-foot dining hall that seats 650 students; a sundry shop dubbed The Gamecock General Store; retail space leased to Jimmy John’s and Starbucks Coffee; and shuttle service to and from central campus. The development is home to several living-learning communities, including those for information, design and computing; engineering and computing; and entrepreneurship and innovation. The development team for Campus Village included Contract Construction, Juneau Construction and WDG.

August 24, 2023

Development Industrial Kentucky Southeast

Contegra Construction Nears Completion of 1 MSF Gigafactory in Louisville for Battery Manufacturer

by John Nelson August 24, 2023

LOUISVILLE, KY. — Contegra Construction Co. is nearing completion on a 1 million-square-foot gigafactory in Louisville for Fremont, Calif.-based EnerVenue. The tenant will manufacture its proprietary Energy Storage Vessels at the facility, which are batteries based on nickel-hydrogen technology originally developed for NASA in the 1980s and refined at Stanford University in 2017. EnerVenue emerged through the university’s business accelerator program in 2020. The gigafactory will be located within Flint Development’s I-64 Logistics Center, a 115-acre industrial park situated at Logistics Drive and Taylorsville Road. The Kansas-based developer is targeting a late-summer completion for EnerVenue’s new plant, and the tenant will begin operations in 2024. The tilt-wall facility will feature a TPO roof, 40-foot clear heights, five dock doors, four drive-in doors and 300 trailer parking spaces. Contegra is also constructing a 478,000-square-foot, multi-tenant distribution center on behalf of Flint within I-64 Logistics Center. Also set to come on line later this summer, the property will feature 36-foot clear heights, 48 dock doors, four drive-in doors and 115 trailer parking spaces.

August 24, 2023

Acquisitions Multifamily Southeast Virginia

Stockbridge Sells Arbors at Fair Lakes Apartments in Fairfax, Virginia for $85.6M

by John Nelson August 24, 2023

FAIRFAX, VA. — San Francisco-based Stockbridge has sold Arbors at Fair Lakes, a 282-unit apartment community located at 4408 Oak Creek Court in Fairfax. GID purchased the value-add community for $85.6 million. Bret Thompson and Robert Jenkins of JLL represented the seller in the transaction. Built in 1987, Arbors at Fair Lakes comprises one-, two- and three-bedroom apartments with an average unit size of 920 square feet. Amenities include a 24-hour fitness center, resort-style swimming pool, business center, tennis court with perimeter running track, outdoor grill/lounge area, and a half-mile nature trail throughout the property.

August 24, 2023

Acquisitions Georgia Industrial Southeast

EQT Exeter Purchases 1.2 MSF Southeast Gateway Industrial Park in Savannah

by John Nelson August 24, 2023

SAVANNAH, GA. — Pennsylvania-based EQT Exeter has purchased Southeast Gateway, a 1.2 million-square-foot, two-building industrial park located at 400 and 450 Fort Argyle Road in Savannah. The seller, Conor Commercial Real Estate, sold the property for an undisclosed price. Conor Commercial owned the asset with William Harris Investors and tapped Colliers to lease Southeast Gateway. JLL represented the seller in the transaction. Both buildings were fully leased at the time to single tenants. Swiss Madison, a manufacturer of bath products, occupies the 184,080-square-foot Building 1, and Maersk Warehousing and Distribution Services occupies the 1 million-square-foot Building 2. Situated on a 137-acre site, Southeast Gateway is located one mile from I-95, six miles from I-16 and 15 miles from the Port of Savannah.

August 24, 2023

Acquisitions Florida Retail Southeast

Marcus & Millichap Brokers $14.8M Sale of University Commons Shopping Center in South Florida

by John Nelson August 24, 2023

TAMARAC, FLA. — Marcus & Millichap has brokered the $14.8 million sale of University Commons, an 80,224-square-foot shopping center located at 6702 N. University Drive in Tamarac, a city in South Florida’s Broward County. The buyer, a private investor based in New York, purchased the center from a private investment firm based in Miami. Both parties requested anonymity. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller in the transaction. Anchored by Quince Supermarket and shadow-anchored by CVS/pharmacy, University Commons houses Dunkin’, Quest Diagnostics and Tire Choice.

August 24, 2023

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