Sunday, June 15, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

DevelopmentFloridaSoutheastStudent Housing

Portman, 908 Group Launch Vertical Construction on 674-Bed Student Housing Development Near Florida State University

by John Nelson

TALLAHASSEE, FLA. — A joint venture between Portman and 908 Group has launched vertical construction on The Hall, a 674-bed student housing development located directly across from Florida State University’s College of Business in Tallahassee. The community will offer 191 units across two mid-rise buildings. Amenities will include a rooftop pool, fitness center, 7,269 square feet of ground-floor retail space and 452 parking spaces. The development team includes Canyon Partners Real Estate and PTM Partners. The Hall is slated for completion in summer 2026.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaMultifamilySoutheast

JLL Brokers Sale of 280-Unit Eight Winds Multifamily Community in St. Augustine, Florida

by John Nelson

ST. AUGUSTINE, FLA. — JLL Capital Markets has brokered the sale of Eight Winds, a 280-unit luxury multifamily community in St. Augustine, about 40 miles south of Jacksonville. The buyer was Debartolo Development LLC. Cliff Taylor and Joe Ayers of JLL represented the seller, Altis Cardinal, in the transaction. The sales price was not disclosed, but the Jacksonville Daily Record reported the property traded for $59 million. Located at 50 Wexford Way, the complex comprises 297,426 square feet of rentable space. Unit sizes range from 707 square feet to 1,248 square feet with one-, two- and three-bedroom floorplans, according to Apartments.com. Amenities at the property include a walk-in heated swimming pool, 24/7 fitness center, pickleball courts, multiple indoor and outdoor lounge areas, fire pit, pet washing station and electric vehicle charging stations.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansMultifamilySoutheast

Walker & Dunlop Arranges $28.4M Refinancing for Apartment Complex in Grenelefe, Florida

by John Nelson

GRENELEFE, FLA. — Walker & Dunlop has arranged a $28.4 million loan to refinance Grand at Grenelefe, a 417-unit fractured multifamily property located in Grenelefe, roughly 46 miles south of Orlando. Harvey Pava of Walker & Dunlop’s Florida Capital Markets team arranged the loan on behalf of the borrower, Alya Equities. The fixed-rate loan features a 5-year term with a 12-month interest-only payment, as well as a step-down prepayment structure. Situated at 3119 Camelot Drive, the complex sits on more than 160 acres with a mix of one-, two- and three-bedroom floorplan options ranging up to 1,275 square feet. Amenities at the property include an onsite property manager, walking and biking trails, storage space, laundry facilities and a lounge.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLeasing ActivityRetailSoutheast

Bout Boxing Signs Retail Lease at Central Island Square Near Charleston  

by John Nelson

DANIEL ISLAND, S.C. — New York City-based Bout Boxing has signed a 2,047-square-foot retail lease at Central Island Square, a 4,000-acre master planned community in Daniel Island. Located roughly eight miles from Charleston International Airport, the new fitness studio is slated to open this spring at 50 Central Island St. Melissa Sweeney of Continental Realty Corp. and Lindsey Halter of Carolina Retail Experts represented the undisclosed landlord in the lease negotiations. Alex Kucich and Nell Kucich currently operate two Bout Boxing locations in New York City and are teaming up with Marc Nuccitelli for the Charleston expansion. Bout Boxing will join a mix of retail tenants at Central Island Square including Buck’s Deli, Par Paradise, Gloss, iCRYO, Tacos & Tequilas Mexican Grill, New York Butcher Shoppe and a pet boutique.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaSoutheastStudent Housing

Gilbane, CBRE Investment Break Ground on 702-Bed Student Housing Development Near University of Florida

by John Nelson

GAINESVILLE, FLA. — A joint venture between Gilbane Development Co. and CBRE Investment Management has broken ground on Zaya, a 702-bed student housing development located near the University of Florida campus in Gainesville. The community will offer 352 units with bed-to-bath parity. Shared amenities will include a rooftop deck with a pickleball court, pool, clubhouse and fitness center; study rooms on each floor; a coworking lounge; leasing lobby with a coffee bar; and three courtyards with lawn games, outdoor cooking space and lounges. Site work has commenced for the development with completion scheduled for summer 2027.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaOfficeSoutheast

JLL Brokers $31.5M Sale of Office Complex in Celebration, Florida

by John Nelson

CELEBRATION, FLA. — JLL has brokered the $31.5 million sale of Celebration Office Center, a two-building office complex located at 1170 and 1180 Celebration Blvd. in Central Florida. Robbie McEwan, Hunter Smith and Blake Koletic of JLL represented the seller, Real Estate Value Advisors, in the transaction and procured the buyer, TMT Properties. Built in 2000 and 2001, the property is situated within the Celebration master-planned community and in close proximity to Walt Disney World and Universal Studios. Celebration Office Center was 98 percent leased at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaIndustrialLeasing ActivitySoutheast

Logistics Property Co. Signs Three Industrial Leases Totaling 373,000 SF in Covington, Georgia

by John Nelson

COVINGTON, GA. — Logistics Property Co. LLC has signed three industrial leases totaling 373,000 square feet at Covington Commerce Center, a two-building industrial park in Covington, a city in Atlanta’s I-20 East submarket. The tenants were not disclosed, but Logistics Property Co. says the new users include both manufacturing and assembly tenants. The deals include a full-building lease at Building 100 and two deals at Building 200, where about 97,000 square feet remains available for lease. Myles Thomas of JLL represented the tenant in the Building 100 deal. Nathan Anderson and Matt Bentley of NAI Brannen Goddard represented the landlord in the lease deals. Civic partners at Covington Commerce Center include City of Covington, Newton County Economic Development and the Georgia Department of Economic Development.

Continue Reading
FacebookTwitterLinkedinEmail
LoansRetailSoutheastTennessee

BEB Lending Provides $10.3M Refinancing for Shopping Center in Nashville

by John Nelson

NASHVILLE, TENN. — BEB Lending has provided a $10.3 million loan for the refinancing of South Plaza Shoppes, a 163,777-square-foot shopping center located at 5620 Nolensville Pike in Nashville. Tenants at South Plaza Shoppes include Ross Dress for Less, Burlington and Dollar Tree. The undisclosed borrower will use the loan to pay off existing debt, as well as cover leasing costs and planned capital expenditures at the property. Sean Silverbrook and Zach Feldman of BEB Lending originated the loan. This transaction represents BEB Lending’s first loan in Nashville and second loan in the state of Tennessee.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMarylandRestaurantRetailSoutheast

First National Realty Partners Adds Burlington, Two Restaurants at Brandywine Crossing in Maryland

by John Nelson

BRANDYWINE, MD. — First National Realty Partners has signed three new tenants to join Brandywine Crossing, a 231,036-square-foot shopping center in Brandywine, a city roughly 27 miles from Washington, D.C. The new tenants at Brandywine Crossing include Burlington, which is backfilling a 25,310-square-foot space that previously housed Joann Fabric and Crafts, as well as Another Broken Egg Café and Buffalo Wild Wings Go. The new restaurants are set to open in the fourth quarter, and the Burlington store is expected to open in 2026. Brandywine Crossing sits on a 30-acre site and is anchored by a nearly 60,000-square-foot Safeway grocery store. Other existing tenants include Bonefish Grill, Panda Express, Marshalls, Advance Auto Parts, Truist Bank, Visionworks, Wells Fargo, AT&T and The UPS Store.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMixed-UseMultifamilyNorth CarolinaSoutheast

Cortland, Pamera Purchase and Rebrand 417-Unit Peace Apartments in Downtown Raleigh

by John Nelson

RALEIGH, N.C. — Cortland and Pamera North America have purchased Peace Apartments, a 417-unit multifamily community located at 417 W. Peace St. in downtown Raleigh. The new ownership is rebranding the 12-story high-rise as Cortland Glenwood South. The property is part of Phase I of Smoky Hollow, a mixed-use development by locally based Kane Realty. The acquisition also includes a parking garage with direct elevator access to the Publix on the ground level and one retail bay within Smoky Hollow. The Publix grocery store was not included in the sale. Kane Realty sold the multifamily community to Cortland and Pamera for an undisclosed price. Cortland plans to renovate the interior corridors and amenity areas at Cortland Glenwood South, as well as enhance the package delivery process for tenants and add a new urgent care provider on the ground level. Cortland Glenwood South features studio, one-, two- and three-bedroom apartments, as well as a heated swimming pool, fire pit, sky lounge with TVs, a two-story fitness center and a dog grooming station.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts