Friday, February 6, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

AcquisitionsFloridaMultifamilySoutheast

Eastham Capital, Merion Realty Partners Sell Tallahassee Apartments for $47.5M

by John Nelson

TALLAHASSEE, FLA. — Eastham Capital has sold The Monroe Apartments, a 288-unit apartment community in Tallahassee, for $47.5 million. The property was acquired in 2019 with a value-add strategy alongside partner Merion Realty Partners as part of a portfolio called Eastham Capital Fund V. The buyer’s identity was not disclosed. The Monroe includes a mix of one-, two- and three-bedroom units ranging in size from 1,095 to 1,695 square feet.  Eastham Capital and Merion Realty Partners implemented a repositioning strategy that the owners say enhanced the asset’s profitability.  At the time of the sale, The Monroe was approximately 95 percent occupied, with monthly effective rents having increased from $1,133 at the time of acquisition to $1,642 by the time of disposition. The Monroe, located at 2677 Old Bainbridge Road, was the first collaboration between Eastham and Merion Realty Partners.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityRetailSouth CarolinaSoutheast

Continental Realty Signs Golf Galaxy to 20,000 SF Lease at Sweetgrass Corner Shopping Center in Metro Charleston

by John Nelson

MOUNT PLEASANT, S.C. — Continental Realty Corp. has signed Golf Galaxy, a golf retailer owned and operated by Dick’s Sporting Goods, to a 20,000-square-foot retail lease in metro Charleston. The retailer will open its new store, the retailer’s fourth location in South Carolina, next year at Sweetgrass Corner, a nearly 90,000-square-foot shopping center located at 1909 N. Highway 17 in Mount Pleasant. The store will carry golf equipment and apparel and feature a performance center with hitting bays, putting green, service desk, technician workshops and instructions from golf experts. Timothy Brennan of The Navigator Group and Don Lyon of GreatStreet Realty Partners represented Golf Galaxy in the lease transaction. Cherene Keenan represented Continental Realty on an internal basis. The Baltimore-based landlord inked a lease last year at Sweetgrass Corner with Trader Joe’s, which opened last fall.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaLeasing ActivityRetailSoutheast

Trader Joe’s Opens New Store at The Avenue Peachtree City in Metro Atlanta

by John Nelson

PEACHTREE CITY, GA. — Trader Joe’s has opened a new 13,750-square-foot grocery store at The Avenue Peachtree City, an open-air shopping center located in Peachtree City, a southern suburb of Atlanta. The store is located at 258 City Circle and represents the first location in the city for the California-based grocer. JLL manages The Avenue Peachtree City on behalf of the owner, Memphis-based Poag Development Group. Other retailers operating at the property include Arhaus, Beignets & Brew, High Country Outfitters, HOBNOB Neighborhood Tavern, Kendra Scott, Lovesac, Moe’s Southwest Grill, Motivate Studios, Rack Room Shoes, Sephora, Ted’s Montana Grill, Warby Parker and 9292 Korean BBQ.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaMixed-UseSoutheast

Atlantic Cos. to Build Hillrose Market Mixed-Use Development in Roswell, Georgia

by John Nelson

ROSWELL, GA. — The Atlantic Cos. has received approval from the City of Roswell to build Hillrose Market, a mixed-use development in the northern Atlanta suburb of Roswell. Adjacent to City Hall with walkable trail connection to the Canton Street Historic District, Hillrose Market will transform a 7-acre site fronting Hill Street between Atlanta and Ellis streets. Plans call for a six-building, 75,000-square-foot retail village; an office building; the adaptive reuse of the former Roswell Police Department into a mixed-use hub with ground-floor retail space and second-floor workspace; 143 luxury rental apartments; 16 for-sale brownstones; abundant surface and structured parking; and pedestrian access to downtown Roswell and surrounding trails. Atlantic Cos. is developing Hillrose Market in a public-private partnership with the City of Roswell. ASD | SKY is leading design efforts, and The Providence Group is developing the brownstones. Westbridge is serving as commercial consultant, advising on the adaptive reuse and retail components. New South Construction Co. is the general contractor, and Kimley-Horn is the project engineer. Crosby Design Group is leading interior design services. Construction is slated to begin next year, with completion of the first phases anticipated in 2027.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFloridaSeniors HousingSoutheast

McDowell Housing Begins Construction on $64.7M Affordable Seniors Housing Project in South Florida

by John Nelson

PEMBROKE PARK, FLA. — McDowell Housing Partners has announced the commencement of construction of Ekos at Pembroke Park, a new affordable seniors housing development located in Pembroke Park. Upon completion, the $64.7 million project will total 150 units reserved for seniors earning up to 80 percent of the area median income. This marks the 16th affordable housing project in Florida for McDowell. Amenities at the community will include a clubroom, fitness center, package lockers, bike storage and six electric vehicle charging stations. Nonprofit organization Area Agency on Aging of Broward County will lease a commercial space at the property and offer onsite supportive services to residents age 60 and older. Financing for the development includes tax-exempt bonds and a loan from the Housing Finance Authority of Broward County; a loan from the Florida Housing Finance Corp.; LIHTC equity from U.S. Bank; and senior construction and permanent loans from R4 Capital.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaMultifamilySoutheast

Kolter Multifamily Breaks Ground on 256-Unit Alton Sarasota Apartment Development in Florida

by John Nelson

SARASOTA, FLA. — Kolter Multifamily LLC, an affiliate of Delray Beach, Fla.-based The Kolter Group, has broken ground on Alton Sarasota, a 256-unit, garden-style apartment community in Sarasota. Kolter expects to welcome first residents in winter 2026. Alton Sarasota represents the fourth apartment development in the Sarasota-Bradenton MSA for Kolter, which broke ground on Alton Palmetto in Palmetto, Fla., earlier this year. Situated along 63rd Avenue about three miles north of University Parkway, Alton Sarasota will feature one-, two- and three-bedroom apartments ranging in size from 765 to 1,248 square feet. The property will also include a modern clubhouse with a fitness center, coworking office space and a coffee lounge.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsLouisianaRetailSoutheast

Legacy Realty Group Negotiates Sale of 84,146 SF Shopping Center Near Baton Rouge

by John Nelson

PLAQUEMINE, LA. — Legacy Realty Group Advisors has negotiated the sale of Belleview Shopping Center, an 84,146-square-foot retail center located in Plaquemine, roughly 14 miles south of Baton Rouge. Rouses Supermarkets anchors the property. Additional tenants include Dollar General, Citi Trends, Hibbett Sports and AT&T. Belleview Shopping Center was built in 1992 on 7.5 acres. Jacob Baruch and Ari Warshaw of Legacy Realty Group Advisors represented the buyer in the transaction, while Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNorth CarolinaRetailSoutheast

First National Realty Purchases Food Lion-Anchored Shopping Center in Metro Charlotte

by John Nelson

SALISBURY, N.C. — First National Realty Partners (FNRP) has purchased Salisbury Marketplace, a grocery-anchored shopping center located in the Charlotte suburb of Salisbury. A 31,762-square-foot Food Lion anchors the property, which also houses Citi Trends, Family Dollar and Cricket Wireless. The property offers 9,300 square feet of contiguous vacancy, according to FNRP. Tom Kolarczyk of JLL represented the undisclosed seller in the transaction. The sales price was also not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCompany NewsHospitalitySoutheastTop StoriesVirginia

Joint Venture to Purchase Sotherly Hotels REIT in All-Cash Transaction

by John Nelson

WILLIAMSBURG, VA. — A joint venture between Kemmons Wilson Hospitality Partners LP and Ascendant Capital Partners LP, doing business jointly as KW Kingfisher LLC, has entered into a definitive merger agreement with Sotherly Hotels Inc. (NASDAQ: SOHO), a hospitality REIT based in Williamsburg. Sotherly owns 10 upscale hotels in the Sun Belt and Mid-Atlantic totaling 2,786 hotel rooms, as well as interests in two condominium hotels and their associated rental programs. Sotherly’s portfolio includes:– The Georgian Terrace in Atlanta– The Whitehall in Houston– The DeSoto in Savannah, Ga.– Lyfe Resort & Residences in Hollywood, Fla.– Hyde Beach House in Hollywood, Fla.– DoubleTree by Hilton Hollywood Beach Resort in Hollywood, Fla.– Hotel Ballast in Wilmington, N.C.– Hotel Alba in Tampa, Fla.– Hyatt Centric Arlington in Arlington, Va.– DoubleTree Jacksonville Riverfront in Jacksonville, Fla.– DoubleTree by Hilton Laurel in Laurel, Md.– DoubleTree by Hilton Philadelphia Airport “This transaction is a testament to the high-quality portfolio that Sotherly has built over the past 20-plus years as a publicly traded company, and we are confident this will pave a path toward future success for our hotels and the associates and guests who enjoy them every day,” says David Folsom, CEO of Sotherly. Under terms …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaMixed-UseMultifamilyOfficeSoutheast

L&L, Oak Row Open 1 MSF Wynwood Plaza Mixed-Use Campus in Miami

by John Nelson

MIAMI — L&L Holding Co. and Oak Row Equities, along with project partners Shorenstein Investment Advisors and Claure Group, have opened Wynwood Plaza, a 1 million-square-foot mixed-use campus located at 95 N.W. 29th St. in Miami. The project is anchored by a luxury apartment community, shops and restaurants surrounding a half-acre public plaza and a 12-story office tower that is leased to tenants including Amazon (50,333 square feet). The development team has secured leases for more than half of the 266,000-square-foot office building, with other committed tenants including OKO Group, Weitz & Luxenberg law firm and Claure Group. The Class A office building features private outdoor terraces, floor-to-ceiling windows, a fitness club, golf simulator and conference rooms. Wynwood Plaza Residences comprises 509 apartments ranging in floorplans from studios to two-bedroom units. Monthly rental rates range from $2,495 to $4,660, according to Apartments.com. Amenities include basketball and pickleball courts, a lap pool, swimming pool, hot tub, cold plunge, coworking lounge with private offices and a large conference room, café, game area and a fitness center with a sauna, massage room and outdoor space. Additionally, Luca Steak is expected to open its new restaurant at Wynwood Plaza next year. The design-build team includes …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts