Southeast

Beacon Partners Signs Four Tenants Totaling 202,403 SF at Carolina Logistics Park in Metro Charlotte

by John Nelson March 24, 2023

PINEVILLE, N.C. — Beacon Partners has signed four tenants to leases at 12004 Carolina Logistics Drive within Carolina Logistics Park in Pineville, roughly 13 miles outside Charlotte. Together the companies will fully occupy the property’s full 202,403 square feet, which was completed last month and features 32-foot ceilings and a full concrete truck court. ProSource, a Greenville-founded distributor of plumbing supplies, luxury plumbing fixtures, lighting fixtures and cabinet and door hardware, will lease 54,694 square feet. VIP Products, a pet toy and product distributor, will occupy 54,605 square feet. E2i Solutions, a supplier of multifamily and seniors housing lighting, will open a 40,237-square-foot distribution hub at the property, and Elnik Systems, a metal injection molding furnace and debinding oven manufacturer, will occupy 52,867 square feet for production and training. Jay Hill of JLL represented ProSource in the lease negotiations, Dave Hanna of Foundry Commercial represented VIP Products, Bradley Dunn of Stream Realty Partners represented E2i Solutions and Hill and John Cashion of JLL represented Elnik Systems.

March 24, 2023

Leasing Activity Restaurant Retail Southeast Tennessee

Sports & Social to Open 8,900 SF Venue at Mall at Green Hills in Nashville

by John Nelson March 24, 2023

NASHVILLE, TENN. — Sports & Social, a dining and entertainment concept, has signed an 8,900-square-foot lease at The Mall at Green Hills, a shopping mall located in Nashville. The venue will feature a menu curated by James Beard Award nominee Chef John Suley and a 33-foot LED media wall for viewing games and sporting events. The Taubman Realty Group, a joint venture between mall giant Simon and the Taubman family, is the owner of the mall. Sports & Social is a dining and entertainment concept headed by Live! Hospitality & Entertainment, a division of The Cordish Cos. No opening date was announced, but Live! Hospitality expects Sports & Social to open before the end of the year.

March 24, 2023

Acquisitions Georgia Loans Office Southeast

Cushman & Wakefield Arranges $8.6M Acquisition Loan for Former PGA of America Office Building in South Florida

by John Nelson March 24, 2023

PALM BEACH, FLA. — Cushman & Wakefield has arranged an $8.6 million acquisition loan for the purchase of an office building located at 100 Ave. of Champions in Palm Beach. Totaling two stories and 42,090 square feet, the property served as PGA of America’s headquarters since its construction more than 50 years ago prior to the organization’s relocation to Frisco, Texas. Jason Hochman and Ron Granite of Cushman & Wakefield secured the financing through a local bank on behalf of the borrower, Blue Water Advisors LP, which plans to convert the property to a multi-tenant building.

March 24, 2023

Georgia Leasing Activity Retail Southeast

Burlington Signs 20,000 SF Lease at North Griffin Square Shopping Center in Metro Atlanta

by John Nelson March 24, 2023

GRIFFIN, GA. — Burlington Stores Inc. has signed a 20,000-square-foot lease at North Griffin Square, a retail center located in Griffin, approximately 40 miles south of Atlanta. Beginning this summer, Burlington will open a store at the 226,694-square-foot center, located at 1617 N. Expressway. Belk, Bealls and Big Lots anchor the property, which is also leased to tenants including PetSmart, T-Mobile, Little Caesars, LongHorn Steakhouse and Starbucks Coffee. Sandy Springs, Ga.-based Halpern Enterprises Inc., which developed North Griffin Square in 1979, is the landlord and is currently finalizing an exterior improvement program at the shopping center.

March 24, 2023

Development Industrial North Carolina Southeast

Collett Industrial to Develop 693,020 SF Northside 77 Business Park in Troutman, North Carolina

by John Nelson March 23, 2023

TROUTMAN, N.C. — Collett Industrial plans to develop Northside 77, a three-building industrial park in the northern Charlotte suburb of Troutman. Situated along I-77, the park will comprise Building 1 (217,620 square feet), Building 2 (340,200 square feet) and Building 3 (135,200 square feet). Collett Industrial has tapped Grant Miller and Phoebe Dinga of Colliers’ Charlotte office to handle the leasing assignment for the project. The Charlotte-based developer plans to break ground in the third quarter and deliver the park in the second half of 2024. Colliers’ Charlotte office is also the leasing agent for Collett’s Airport 85 Business Center industrial park in Charlotte.

March 23, 2023

Development Leasing Activity Mixed-Use North Carolina Restaurant Retail Southeast

CBRE Negotiates Four New Leases at Queen City Quarter Mixed-Use Redevelopment in Uptown Charlotte

by John Nelson March 23, 2023

CHARLOTTE, N.C. — CBRE has arranged four new leases for retailers and restaurants to join Queen City Quarter, a mixed-use redevelopment of the former EpiCentre property in Uptown Charlotte. The multi-level, 302,324-square-foot development is located along College Street and houses World of Beer, Mortimer’s Café & Pub and Bowlero, all of which recently renewed their leases. The new tenants joining Queen City Quarter’s tenant roster include Portal 123, a rotating Instagram museum and immersive art experience; Nostalgia Hollow Co., a locally based coffeeshop and home goods retailer; Cajun Market, a fast-casual Cajun-Creole restaurant; and Super Icy Brothers, a frozen dessert shop. All four concepts plan to open in the second or third quarter. Kaitlyn Fitch, Kivett Williams and Katherine Southard of CBRE handled the lease negotiations on behalf of the landlord, an entity doing business as 210 East Trade Street Holdings LLC. In addition to the leases, CBRE will begin the previously announced renovations and improvements to the property in late spring. Most of the work will be in the property’s 15,462-square-foot plaza and include replacing the pavers along the walkways and installing benches with planters in the main common area. The building’s interior façades on all levels, in addition to …

March 23, 2023

Acquisitions Georgia Retail Southeast

Richmar Properties Sells Covington Square Shopping Center in Metro Atlanta for $13.4M

by John Nelson March 23, 2023

LITHONIA, GA. — Michigan-based Richmar Properties has sold Covington Square, a 144,585-square-foot shopping center in the east Atlanta suburb of Lithonia. Malls-Etc. purchased the property for $13.4 million. Craig Taylor of CBRE represented the seller in the transaction. Built in 1989 at 6152 Covington Highway, Covington Square was renovated in 2021 and was 85 percent leased at the time of sale to tenants such as Planet Fitness, Rainbow Shops, City Gear, Beauty and More, Las Colinas Restaurant and 3D Church.

March 23, 2023

Acquisitions Florida Retail Southeast

Franklin Street Arranges $7.3M Sale of Metro Miami Store Leased to CVS

by John Nelson March 23, 2023

DORAL, FLA. — Franklin Street has arranged the $7.3 million sale of a 14,900-square-foot, single-tenant retail store located at 3750 NW 87th Ave. in Doral, a suburb of Miami. The property was triple-net leased to CVS. Greg Matus, Adam Tiktin and Alex Lazo of Franklin Street, along with Norman Matus of Red Rock Realty, represented the seller, Illinois-based Curfin Property US Inc. Florida-based Goldenberg Investment Group Inc. purchased the property, which was built in 2016.

March 23, 2023

Acquisitions Maryland Mixed-Use Southeast

Harbor Stone Brokers $5M Sale of Historic Mixed-Use Property in Baltimore

by John Nelson March 23, 2023

BALTIMORE — Harbor Stone Advisors has brokered the $5 million sale of Astor Court, a mixed-use property located at 2440 St. Paul St. in Baltimore’s Old Goucher neighborhood. Built in 1930 and renovated in 2006, the property features 26 one-bedroom apartments, 10 two-bedroom units and four commercial spaces on the ground level leased to Subway, State of the Art Hair Studio, Maryland Healthcare Clinics and Charles Village Community Benefits District. Community amenities include controlled building access, an elevator, 24-hour fitness center, community multipurpose room with kitchen, shared workspace, private courtyard, bicycle storage and a laundry facility. A small parking lot adjacent to Astor Court was included in the sale. Justin Verner, Brooks Healy and Tom Wohlgemuth of Harbor Stone represented the seller, an entity doing business as Astor Court LLC that is led by investor Michael Rock, in the transaction. The buyer was not disclosed.

March 23, 2023

Pavlov Media Diversifying the Technology Workforce

Content Partner Features Midwest Multifamily Northeast Pavlov Media Southeast Texas Western

How a Fiber Provider to Multifamily Housing Is Diversifying the Technology Workforce

by Sarah Daniels March 23, 2023

It’s little wonder that the fiber optic business is booming. American appetites for high-speed, high-volume Internet connectivity have skyrocketed in recent years, making fiber essential to provide Internet service across commercial property types. Employment for the linemen who build out and maintain those networks will grow 6 percent between 2021 and 2031, while telecommunications equipment installation jobs in general will expand to an even greater 8 percent, according to projections from the Bureau of Labor Statistics. Factor in the ongoing exodus of skilled workers from all trades as more of the nation’s Baby Boomers enter retirement, and many broadband providers may struggle to fill job openings in the coming years. That’s one of the reasons Pavlov Media, a Champaign, Ill.-based Internet service provider, is partnering with a Texas university to put students on career paths in fiber technology. Its partner in this endeavor, Prairie View A&M University, was founded in 1876 and is the second oldest public institution of higher education in Texas and one of the earliest 1890 Land Grant Institutions. Because it is a historically black institution, the program will be helping to address a longstanding need for greater diversity, equity and inclusiveness (DEI) in the technology sector. …

March 23, 2023

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