Southeast

Core Spaces, Capstone to Break Ground on 1,600-Bed Student Housing Development Near Georgia Tech

by Abby Cox August 21, 2025

ATLANTA — A joint venture between Core Spaces and Capstone Communities is set to break ground on a multi-phase mixed-use project located near the Georgia Tech campus in Midtown Atlanta. The first phase of the development — which is being led by Core Spaces — will include 1,600 beds of student housing and 5,000 square feet of ground floor retail. The community will also feature a third-floor amenity deck. Dwell Design Studio has been selected as the architect for Phase I, which is scheduled for completion in 2029. Capstone Communities will lead Phase II of the project, a timeline for which was not released.

August 21, 2025

Acquisitions Florida Multifamily Southeast

JLL Brokers Sale of 403-Unit M2 at Millenia Apartments in Orlando

by Abby Cox August 21, 2025

ORLANDO, FLA. — JLL Capital Markets has brokered the sale of M2 at Millenia, a 403-unit mid-rise, multifamily apartment complex in Orlando, which is adjacent to The Mall at Millenia. Ted Taylor and Kyle Butler of JLL’s Investment Sales and Advisory team represented the sellers, JSB Capital Group and BLD Group. The buyer, Independence Realty Trust, purchased the property for an undisclosed price. Built in 2019, M2 at Millenia is a five-story property offering a mix of one-, two- and three-bedroom floorplans ranging in size from 714 square feet to 2,214 square feet, according to Apartments.com. Amenities include a resort-style swimming pool, 24-hour fitness center, yoga studio, entertainment lounge with a kitchen and bar, outdoor grilling areas and 4,216 square feet of ground-floor retail space.

August 21, 2025

Acquisitions North Carolina Office Southeast

CBRE Negotiates Sale of INQ @ 2401 Office Building in Charlotte

by Abby Cox August 21, 2025

CHARLOTTE, N.C — CBRE has negotiated the sale of INQ @ 2401, a 162,372-square-foot office building located in the Crown Point neighborhood of Charlotte. Patrick Gildea, Matt Smith, Joe Franco and Stephanie Spivey of CBRE represented the sellers, DRA Advisors and Mainstreet Capital, in the transaction. Messer Financial, a long-term tenant that brought the property to full occupancy, was the buyer. The sales price was not released. Originally constructed in 1989 and renovated in 2016 with nearly a $6 million investment, the single-story building can now accommodate larger, back-office users and features 25-foot vaulted ceilings and direct tenant access.

August 21, 2025

Acquisitions Florida Retail Southeast

SRS Real Estate Arranges $5.6M Sale of Beachwalk Shoppes in Metro Jacksonville

by Abby Cox August 21, 2025

ST. JOHNS, FLA. — SRS Real Estate Partners has arranged the $5.6 million sale of Beachwalk Shoppes, an 8,200-square-foot retail strip center located in St. Johns, a suburb of Jacksonville. The newly constructed retail center is part of the larger 1,200-acre mixed-use Beachwalk project currently under development. The property was fully leased at the time of sale to five tenants: Bagels R Us, Goin’ Postal, Fancy Sushi, Deca Dental and Playa Bowls. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a national development and investment firm, in the transaction. The buyer was an Atlanta-based private investor. Both parties requested anonymity.

August 21, 2025

Acquisitions Georgia Loans Retail Southeast

MMCC Secures $4M Acquisition Financing for Dunwoody Village Retail Center in Metro Atlanta

by Abby Cox August 21, 2025

DUNWOODY, GA. — Marcus & Millichap Capital Corp. (MMCC) has arranged $4 million in acquisition financing for Dunwoody Village, a 15,382-square-foot retail center located at 1610-1614 Mount Vernon Road in Dunwoody, a suburb of Atlanta. David Johnson of MMCC’s Atlanta office secured the loan with a national bank on behalf of a private client. The five-year loan includes a 6.41 percent interest rate with a 30-year amortization schedule. Shadow-anchored by The Fresh Market and Walgreens, Dunwoody Village features a mix of tenants including CVS Pharmacy, Chipotle Mexican Grill and a pet store.

August 21, 2025

Georgia Leasing Activity Restaurant Retail Southeast

Simon Introduces 18 New and Expanded Retailers at Lenox Square in Atlanta

by John Nelson August 20, 2025

ATLANTA — Simon has introduced 18 new and expanded retailers debuting at Lenox Square, a 1.5 million-square-foot retail destination located in Atlanta’s Buckhead district. Nine of the tenants are now open and operating at Lenox Square, including three expanding concepts: Rolex, Burberry and Ferragamo. The other six opened stores are Good American, AllSaints, Ray-Ban, Rowan, Starbucks Coffee and Claire’s. Nine more concepts are set to open later this year, including IWC, Panerai, Mejuri, Cole Haan, Garage, Lovisa, Levi’s, Kelly’s Cajun Grill and Great American Cookie Company/Marble Slab. David Vinehout serves as Simon’s vice president of leasing at Lenox Square and Phipps Plaza, another high-end shopping mall in Buckhead that Simon owns and operates. Lenox Square is anchored by Bloomingdale’s, Neiman Marcus and Macy’s and includes 250 specialty stores and several restaurants, including The Cheesecake Factory, North Italia and True Food Kitchen.

August 20, 2025

Development Southeast Student Housing Virginia

Deven Group Breaks Ground on 386-Bed Student Housing Community Near University of Virginia

by John Nelson August 20, 2025

CHARLOTTESVILLE, VA. — Development Ventures Group (Deven Group) has broken ground on a 386-bed, on-campus student housing community situated adjacent to Scott Stadium, home arena of the University of Virginia football team. Located at 2005 Jefferson Park Ave. in Charlottesville, the seven-story, $63 million community will offer 119 units with a mix of one-, two-, three- and four-bedroom layouts. Each unit will include walk-in closets, keyless entry and smart TVs, with select units offering private terraces. Amenities at the 240,000-square-foot property will include an elevated amenity deck with mountain views; a heated plunge pool; firepit, grilling stations and hammock and game lawns; clubroom with a coffee bar and event kitchen; group and private study rooms; fitness center with yoga and spin studios; EV chargers; and bike and parcel storage. Deven Group plans to deliver the unnamed community in summer 2027. Capital partners on the project include Marble Capital, BOK Financial and Clairmont Capital Group. Breeden Construction is the general contractor and is currently constructing a project within University of Virginia’s Fontaine Research Park. Deven Group, the U.S. development arm of Kajima Corp., a 180-year-old Japanese construction company, has approximately $300 million of projects set to break ground this year.

August 20, 2025

Acquisitions Development Florida Industrial Southeast

Colliers Negotiates Sale of 168.3-Acre Industrial Development Site in South Orlando

by John Nelson August 20, 2025

ORLANDO, FLA. — Colliers has negotiated the $46.3 million sale of a 168.3-acre site on Wetherbee Road near Orlando International Airport. Orlando Utilities Commission sold the parcel on the south side of the city to developer Seefried Industrial Properties and its equity partner Clarion Partners. Joe Rossi, Lee Morris, Jeff Morris and Bret Felberg of Colliers represented the seller in the land transaction. Seefried was self-represented in the deal and has selected Morris to lease the development, which is dubbed Orlando Infill Logistics Center. The project will span 1.5 million square feet of new development across a maximum of nine buildings. Seefried plans to begin construction in the first quarter on the first three buildings, which are being developed on a speculative basis. Build-to-suit opportunities are also being entertained at the site, according to Colliers. Orlando Infill Logistics Center will feature up to 1,500 automobile parking spaces and 600 trailer spaces at full build-out.

August 20, 2025

Acquisitions Mixed-Use Multifamily North Carolina Retail Southeast Walker & Dunlop

Lone Star Sells Mixed-Use Lofts at Reynolds Village in Asheville, North Carolina

by John Nelson August 20, 2025

ASHEVILLE, N.C. — An affiliate of Lone Star Funds has sold The Lofts at Reynolds Village, a mixed-use development located at 61 N. Merrimon Ave. in Asheville. The property includes 201 apartments and 63,000 square feet of ground-level retail space. Baltimore-based Continental Realty Corp. is purchasing the property from Lone Star Real Estate Fund VI LP for an undisclosed price. Walker & Dunlop represented Lone Star, which structured the deal as a sale of REIT stock, in the transaction. Built in 2010, The Lofts at Reynolds Village features one-, two- and three-bedroom apartments, as well as a pool, onsite property manager, business center, lounge, sauna and a spa, according to Apartments.com.

August 20, 2025

Acquisitions North Carolina Retail Southeast

Marcus & Millichap Brokers $5.1M Sale of Retail Property in Kernersville, North Carolina Leased to Firestone

by John Nelson August 20, 2025

built retail property located at 1186 S. Main St. in Kernersville, about 20 miles west of Greensboro, N.C. Automotive services firm Firestone, a subsidiary of Bridgestone Retail Operations LLC, fully occupies the 5,798-square-foot property on a 15-year absolute triple-net lease. Don McMinn of Marcus & Millichap’s Atlanta office represented the seller, a North Carolina-based developer, in the transaction. The buyer was also not disclosed. Donald Gilchrist served as Marcus & Millichap’s broker of record in North Carolina for the deal. “The Firestone closing demonstrates the growing wave of private capital flowing into the net-lease market, fueled by the passage of the ‘Big Beautiful Bill,’ improving confidence and the prospect of interest rate cuts,” says McMinn. “We expect this momentum to carry into the second half of 2025, driven by lower interest rates, increased 1031 exchange activity and stronger deal flow.”

August 20, 2025

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