Wednesday, April 15, 2026
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DevelopmentIndustrialNorth CarolinaSoutheast

Redline, Landmark Industrial to Develop 137,388 SF Facility in East Charlotte

by John Nelson

CHARLOTTE, N.C. — A partnership between Redline Property Partners and Landmark Industrial plans to develop a 137,388-square-foot industrial facility in Charlotte. The firms recently acquired a 13.2-acre infill site at 6407 Old Concord Road on the city’s east side, marking the second industrial land acquisition in the Charlotte area by the Redline and Landmark partnership in the past four months. The duo plans to deliver the facility, which will feature 32-foot clear heights, in early 2027. Henry Lobb, Nick Claudio and Colin Ferguson of Avison Young will lease the facility.

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AcquisitionsFloridaMixed-UseOfficeRetailSoutheast

Foundry Arranges $24.5M Sale of Mixed-Use Building in Winter Garden, Florida

by John Nelson

WINTER GARDEN, FLA. — Orlando-based Foundry Commercial has brokered the $24.5 million sale of The Exchange, a mixed-use building located at 270 W. Plant St. in downtown Winter Garden, a suburb of Orlando. Delivered in 2021, the 42,800-square-foot property was fully leased to office tenants and retailers at the time of sale. The buyer is James Larweth, a private investor who has actively acquired assets in downtown Winter Garden. Chris DeMartino, Rick Helton, Dale Peterson, Joe Chick and Christine Mansour of Foundry represented the seller, the Keating family, in the transaction. Jay Strates of The Strates Group was the previous leasing agent for The Exchange and assisted the Foundry team in the sale.

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DevelopmentFeaturesRetailSoutheastSoutheast Feature ArchiveVirginia

CoStar: U.S. Retail Construction Activity Remains Stymied Through the First Quarter

by John Nelson

ARLINGTON, VA. — U.S. retail construction activity totaled 64.2 million square feet in the first quarter, down from 70 million square feet in first-quarter 2025 and well below the 10-year average (+90 million square feet), according to research from CoStar Group. Brandon Svec, national director of retail analytics at CoStar Group, points to multiple governors for new retail construction, including the popularity of e-commerce, competition from other property types and the previous cycles of broad-based expansion in the retail industry. Additionally, he says elevated costs for land, construction materials, labor and debt have made it difficult for retail developers to justify new construction. “The pullback in construction reflects a development environment that remains difficult to pencil in most markets,” says Svec. “Even in markets with strong population growth and leasing demand, achieving returns that justify ground-up construction has become increasingly challenging.” Data from the Arlington-based commercial real estate information and analytics firm shows that the nation’s retail development pipeline is sinking to levels not seen since the previous two cyclical lows: the early stages of the COVID-19 recovery and coming out of the Great Financial Crisis in 2011. Among markets tracked by CoStar, three Texas markets are leading the way …

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AcquisitionsFloridaGeorgiaIndustrialSoutheast

Basis Industrial, OneIM Acquire Industrial Portfolio in Orlando, Metro Atlanta for $144.6M

by John Nelson

DELRAY BEACH, FLA. — A joint venture between Delray Beach-based Basis Industrial and global investment management firm One Investment Management (OneIM) has purchased an industrial portfolio in the Orlando and Atlanta markets. The firms acquired the 839,001-square-foot portfolio from Boston-based Albany Road Real Estate Partners for $144.6 million as part of a multibillion-dollar programmatic joint venture between Basis Industrial and OneIM. The acquired portfolio spans multiple building within three properties: Lake Point Business Park (134,389 square feet) and Challenger South (146,538 square feet) in Orlando and Breck Exchange in Duluth, Ga. (558,074 square feet). Aaron Appel, Jonathan Schwartz and Michael Brown of Walker & Dunlop assisted in sourcing acquisition debt. Mo Beler, Jonathan Paine, Cory Elbaum and Jackson Irwin of Walker & Dunlop advised on the joint venture equity raise.

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DevelopmentGeorgiaHospitalityLoansSoutheast

Walker & Dunlop Arranges $104.5M Construction Loan for Ritz-Carlton Savannah Hotel

by John Nelson

SAVANNAH, GA. — Walker & Dunlop has arranged a $104.5 million construction loan for Ritz-Carlton Savannah, a 168-room luxury hotel located at 2 E. Bryan St. in Savannah. The hotel is a redevelopment of two obsolete office buildings built in 1911 in Savannah’s Historic District. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Ari Hirt, Sean Reimer and Jason Schwartzberg of Walker & Dunlop arranged the loan through The LCP Group LP on behalf of the borrower, TMGOC Ventures. Jay Morrow and Carter Gradwell of the Walker & Dunlop Hospitality Advisory team assisted and advised the borrower, which is utilizing federal and state historic rehabilitation tax credit programs to help fund the redevelopment. At completion, the Ritz-Carlton Savannah will feature multiple food-and-beverage options on the lower level, ground floor, second floor and rooftop.

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AcquisitionsOfficeTennessee

SVN | Wood Brokers Sale of 23-Story Riverview Tower in Downtown Knoxville

by John Nelson

KNOXVILLE, TENN. — SVN | Wood Properties has brokered the sale of Riverview Tower, a 23-story office tower located at 900 S. Gay St. in downtown Knoxville. Apex Bank purchased the building for an undisclosed price from an affiliate of Hertz Investment Group. George Brown and Taylor Thompson of SVN | Wood represented the seller in the transaction, which closed in approximately four months from the listing date. Riverview Tower spans 334,197 square feet of offices with floor-to-ceiling windows on every level. The acquisition includes an adjacent multi-level parking garage. Apex Bank has selected SVN | Wood to continue leasing the office tower.

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AcquisitionsIndustrialSoutheastTennessee

Matthews Negotiates $15.8M Sale of Industrial Facility in Columbia, Tennessee

by John Nelson

COLUMBIA, TENN. — Matthews has negotiated the $15.8 million sale of a 162,934-square-foot industrial facility located on 15.5 acres at 2206 Oakland Parkway in Columbia, a city in Middle Tennessee’s Maury County. Jay Reeves, Matthew Powell and Jonathan Ghertner of Matthews represented the seller, an unnamed national developer, in the transaction. Mike Havens of Havens Commercial represented the buyer, an undisclosed investment firm. According to the Matthews property website, the facility is fully leased to GCP Applied Technologies Inc., which recently signed a new 10-year triple-net lease at the property with 2.5 percent annual rent increases and two five-year renewal options.

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DevelopmentFloridaMixed-UseOfficeSoutheast

Gateway Jax Plans Office Building at Pearl Square in Downtown Jacksonville, Taps JLL to Lead Leasing

by John Nelson

JACKSONVILLE, FLA. — Gateway Jax plans to break ground next year on 655 Pearl, a six-story trophy office building that will anchor the Pearl Square mixed-use development underway in downtown Jacksonville. Designed by Morris Adjmi Architects and BDG Architects, the property will offer 100,000 square feet of offices and amenity spaces and 25,000 square feet of ground-floor retail space. Gateway Jax has tapped Michael Loftin, Jesse Shimp and Mack Keasler of JLL to lead the leasing efforts at 655 Pearl, which is the only office component within the first collection of buildings at Pearl Square. There are currently five buildings under construction, including the redevelopment of the 110-room Ambassador Hotel. At full build-out, the 2 million-square-foot mixed-use development will span nine city blocks and include 655 Pearl, the Ambassador Hotel, 1,250 apartments, more than a dozen restaurants and shops and a Publix grocery store. Gateway Jax plans to deliver 655 Pearl in 2028.

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DevelopmentFloridaSoutheastStudent Housing

Park7, PGIM Break Ground on 804-Bed Student Housing Project Near Florida State University

by John Nelson

TALLAHASSEE, FLA. — A joint venture between Park7 Group and PGIM has broken ground on an 804-bed student housing development located near the Florida State University campus in Tallahassee. The nine-story community will offer 230 units alongside shared amenities including a rooftop pool and terrace, fitness center and collaborative study lounges. The project is scheduled for completion in fall 2028.

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AcquisitionsIndustrialSoutheastTennessee

Brennan Acquires Two Industrial Buildings in Metro Nashville Totaling 225,000 SF

by John Nelson

GOODLETTSVILLE, TENN. — Brennan Investment Group has acquired two newly constructed distribution facilities located at 1022-1024 Louisville Highway in Goodlettsville, a northern suburb of Nashville. The seller and sales price were not disclosed. Built in 2024, the properties are situated within one mile of I-65 and span a combined 225,000 square feet. The two rear-load properties, which include a 123,000- and 102,000-square-foot building, are currently 30 percent leased to three tenants and include 30-foot clear heights, dock doors and ESFR sprinkler systems.

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